Hiring Picking up on Wall Street

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Scroll back the images in your mind to September of 2008, and you are likely to remember the ubiquitous shots of finance workers walking out of the offices of Lehman Brothers and Washington Mutual, or even firms that didn't close but cut jobs.  It seemed as though the Global Economic Crisis was hitting the sector hard.  And yet Wall Street firms recovered relatively quickly.  As Nelson Schwartz of the New York Times reported this weekend, New York Stock Exchange members had record profits in 2009.  And now the jobs are coming back.  New York securities companies have added "nearly 2,000 jobs" since February, in data cited by Schwartz.  And, he adds, this is part of a national trend.  Unfortunately, the trend in the finance sector stands out, as this Times graphic shows:

Read Wall St. Hiring in Anticipation of an Economic Recovery here.


Posted 07-12-2010 6:03 AM by Graham Griffith
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