Banking on Recovery

Although the economic engine is still not exactly humming along, employers in financial services, the sector arguably responsible for the recession, have started adding to staff.

The Wall Street Journal (subscription required) reports that from the end of February through May financial services employment in New York City grew by 6,800 jobs, the largest three-month increase in nearly two years.

An article in today's New York Times indicates other financial services firms plan to add to staff.

Granted, the numbers do not begin to make up for jobs lost over the past two years but activity is moving in a positive direction.