U.S. securities industry employment decreased by 0.8 percent in the third quarter of 2010, a larger decline than that of overall employment, which fell by 0.6 percent. By contrast, securities industry employment in the tri-state area (Connecticut, New Jersey, and New York) posted an increase in securities industry jobs quarter-over-quarter (q-o-q).

The recent U.S. Department of Labor’s Bureau of Labor Statistics (BLS) reported a 0.3 percent increase in securities industry employment in the tri-state area in 3Q’10. This slight increase is smaller than the 0.8 percent increase in 2Q’10 but better than the 1.9 percent loss in 3Q’09.

In New York State, the securities industry gained 1,000 jobs, of which 600 were added in New York City. Compared to the last quarter, the securities industry headcount expanded by 0.6 percent in New York State and by 0.4 percent in New York City.

About the Report

The securities industry employment report tracks trends of industry employment, with a greater focus on New York State and New York City giving a perspective using quarter-over-quarter and year-over-year data.

Credits

SIFMA Research

• Managing Director, Director of Research: Kyle Brandon
• Research Analyst: Justyna Podziemska