Employment in the securities industry continues to show a great deal of resiliency in spite of what has appeared to be insurmountable pressure from the overall economic slowdown and the fallout over sub-prime mortgages, says Jeff Testerman at brokerhunter.com. In April, the business held its own, he explains, dropping a mere 100 jobs for the month — after rising 3,000 in March.
In fact, the industry appears to have gained nearly 10,000 jobs for the year and remains near record high employment, according to Bureau of Labor statistics.
Demand has continued to be strong for producers and field-level supporting roles, especially at firms unaffected by the mortgage crisis, reports Testerman. This includes insurance-company financial advisors, independents and regional broker/dealers.