Securities Industry Registers Slight Employment Uptick
Securities firms have begun adding employees again, according to
statistics from the Securities Industry Association and the Labor
Dept.
For the first time in more than a year, the number of employees in the
securities industry showed a monthly increase. June’s numbers
were 800,600, a 1.1 percent increase over May’s 793,000. The
industry hit its all time high in March 2001, with 841,000
employees.
The figures are from the newest edition of the SIA’s Research
Reports, and, the association warns, subject to intense
revision.
Nevertheless, an uptick suggests better times ahead for the
industry–or at least smoother sailing than the last year, and the
report makes a point of predicting net employment gains for the rest of
2003.
The statistics are derived from the U.S. Dept. of Labor’s Bureau
of Labor Statistics.
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