Mortgage & Finance from the Recession to now
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As you’ve probably heard by now, the mortgage and finance industry is in a state of flux. With the economy recovering and new federal regulations making serious impacts, more and more organizations are looking at the structure of their workforce to solve financial issues.
While several states experienced major growth in 2013—California, Florida, and Texas created hundreds of thousands of jobs—other states are growing in different ways. For instance, Oregon was in the top three states to see the fastest amount of growth with a 2.4% increase over the course of 2013. Washington state was not far behind with a growth rate of 3.6% .
Additionally, many states are raising their minimum wage which means we are likely to see an uptick in economic growth as consumers begin to see more money in their pockets. States that have raised their minimum wage include Oregon, Washington, California, Florida, and Arizona.
So what does this mean for mortgage and finance jobs? It means the demand for quality talent is higher than ever. Organizations, while still wary of the post-recession economy, are evaluating their workforce models and doing their best to streamline their teams. Employees who are well-versed in rules and regulations, have all of their certifications and licenses, and are willing to be part of a growing or changing team, will have the best chance for employment in this market.
Check out our infographic below for a snapshot of the mortgage and finance industry in 2013. Adecco is actively involved in placing qualified candidates at major mortgage groups nationwide and we anticipate we will see even more growth this year.
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