The securities industry added almost 7,000 jobs in June, and revisions to previous months' figures mean there were 4,000 more positions created than had been reported at the time, according to BrokerHunter.com's latest employment trends report.
While this is bullish news, the industry still has a long way to go to get back to its peak in June 2008. Industry head count is still down 75,000, or by 8.5%.
The finance and insurance industry added 15,200 new positions in June, its first increase since December. This sector, which includes banks and other firms embroiled in the mortgage crisis, has lost 523,000 since its peak in June 2006.
BrokerHunter.com, a job listing site for the financial services industry, has its most-ever jobs posted at 11,309. This high watermark is colored by several factors, though: the site started posting international positions last year, which now account for 20% of listings; and it only signed Bank of America Merrill Lynch and Citigroup up as clients in the first quarter. Both firms are putting a disproportionate effort into hiring right now after integrations and major strategic shifts negatively affected their head counts.
