Comptroller report - Securities Industry in New York

http://www.osc.state.ny.us/osdc/rpt12-2012.pdf

First saw link on Zero Hedge. Interesting stats.

OSC estimates that each job created (or lost) in the
securities industry leads to the creation (or loss) of
almost two additional jobs in other industries in
the City. (The large income losses during the crisis
have slightly reduced the value of the multiplier
compared with earlier estimates.) OSC also
estimates that each new Wall Street job creates
one additional job elsewhere in New York State,
mostly in the City’s suburbs. Based on these
multipliers and the current level of Wall Street
employment, 1 in 8 jobs in the City and 1 in 13
jobs in the State are linked (directly or indirectly)
to the securities industry.

Since April 2011, the securities industry in New
York City has lost 4,100 jobs. The Office of the
State Comptroller (OSC) forecasts that the City
could lose nearly 10,000 additional jobs by the end
of 2012, which would bring total job losses in the
securities industry to 32,000 since January 2008.
Additional job losses are expected in banking and
in other parts of the financial services sector.

In August 2011, the number of securities industry
jobs outside of New York City accounted for
11.9 percent of all securities jobs in New York
State, the highest share ever. The shift reflects the
continued movement of back-office operations out
of New York City to lower-cost areas, as well as
the growth of disaster preparedness backup
facilities following the terrorist attacks of
September 11, 2001.