Sunday, December 16, 2012

Wall Street Jobs Move to Smaller Cities

The Wall Street Journal reports:
The U.S. securities industry is booming—just not on Wall Street.
There's more:
The beneficiaries are spread across the U.S., according to an analysis of data by The Wall Street Journal. In St. Louis, the 19th-largest U.S. metropolitan area, securities-industry employment surged 85% between January 2007 and September 2012 to a recent 12,190, according to figures compiled by Moody's Analytics. New York lost 9% of its jobs in the securities, commodities, asset-management and fiduciary-trust areas over the same period, leaving it with 195,000.
An article well worth you time.