New York-area financial services companies won't do a lot of hiring in 1997, say economists with the New York Fed, but they will add slightly more staff than last year, when employment in the sector scarcely grew.

"At best, regional financial employment will expand (slightly) in 1997 as large bank mergers subside," said Rae D. Rosen and James Orr, senior economists with the Federal Reserve Bank of New York.

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