U.S. securities industry employment increased by 7,700 positions in 2Q’13, according to the U.S. Department of Labor’s Bureau of Labor Statistics. As of end-June there were 833,700 people employed by the industry, a 0.9 percent growth from 1Q’13 and a 2.0 percent increase year-over-year.

The tri-state area (Connecticut, New Jersey, and New York) gained 3,800 securities industry jobs in 2Q’13, employing 253,100 people at the end of June 2013, a 1.5 percent increase from 1Q’13 but a 0.8 percent decline from 2Q’12. The tri-state area accounts for 30.4 percent of the securities industry employment nationwide, up slightly from 30.2 percent in 1Q’13.

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