Wall Street Hiring

The New York Times reported Monday that Wall Street Securities Firms — namely Goldman Sachs, Morgan Stanley, and JPMorgan Chase — have added about 2,000 jobs since February and plan to continue hiring in anticipation of an economic recovery. Also hiring are banking giants Citigroup and Bank of America, along with a number of foreign firms who do business in Manhattan.

Reaction to the job growth in the financial sector was mostly upbeat in New York, which derives a significant portion of its tax revenue from the financial services industry. “It’s a big deal for both the city and the state,” said Robert D. Yaro, president of the Regional Plan Association, “This is a significant turnaround.”