U.S. securities industry employment increased by 6,100 positions in 1Q’13, according to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). As of end-March, there were 826,000 people employed by the industry, a 0.7 percent growth from 4Q’12 and a 1.7 percent increase year-over-year.

The tri-state area (Connecticut, New Jersey, and New York) lost 1,000 securities industry jobs in 1Q’13, employing 249,000 people at the end of March 2013, a 0.4 percent decrease from 4Q’12 and a 1.6 percent decline from 1Q’12. The decrease in securities industry employment in the tri-state area was due to a decrease of jobs in both New York State (NYS) and Connecticut of 900 and 200 jobs, respectively, while employment in New Jersey increased by 100 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
• Associate, Research: Justyna Podziemska