Output and employment in the financial sector

This article describes how the quarterly output of the financial services sector is measured in the National Accounts. Then at a sub-sector level, an analysis of recent employment and output trends is presented to describe the impact of the current economic downturn on the activity of the sector. The sub-sectors analysed include banks, building societies, investment trusts, life insurance, non-life insurance and pension funding. Economic & Labour Market Review (2009) 3, 18–25; doi:10.1057/elmr.2009.122