U.S. securities industry employment increased by 8,300 positions in 4Q’12, according to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). As of end-December, there were 819,900 people employed by the industry, a 1.0 percent growth from 3Q’12 and a 0.8 percent increase year-over-year (y-o-y).

The tri-state area (Connecticut, New Jersey, and New York) gained only 300 securities industry jobs in 4Q’12, employing 259,400 people at the end of December 2012, a 0.1 percent increase from 3Q’12 but a 0.2 percent decline from 4Q’11. The increase in securities industry employment in the tri-state area was due to an increase of jobs in both New York State and Connecticut of 400 and 100 jobs, respectively, while employment in New Jersey decreased by 200 jobs.

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