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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> New York State Department of Labor

Job losses in NYC financial sector shrink to 10-year low

Posted by RJ and Makay on Mar 12, 2011

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Losses in NYC Financial Sector Shrink to 10-Year LowAlthough it lost jobs, New York City's broad financial activities sector has posted its best hiring numbers in nearly a decade, reports the New York State Department of Labor (DOL).

Indeed, revised figures show employment in the sector fell by just 1,600 in January 2011, the best performance for that month since 2002. That's important because Wall Street galvanizes the New York City economy and spurs hiring in unrelated fields. The revised data did not include hiring numbers for the city's financial activities sector in January.