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Financial services recovers all jobs lost since the recession

  • ​While jobs in the city’s creative and business services sectors rapidly recovered after the recession, employment growth in financial services—one of Manhattan’s key office demand drivers—has lagged.
  • Though the sector’s overall job count remains below the historical high (525,000 in 1990), financial services jobs finally surpassed pre-recession levels this summer. Employment totaled 477,800 payrolls in August, an increase of 1.0 percent since December 2007.
  • On the back of this recent strength, FIRE continues to be a dominant player in Manhattan office leasing. The sector leads activity to date, accounting for 29.1 percent of all square feet leased.

Source: JLL Research, NYS Dept. of Labor​

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