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Finance Industry 2010 Employment Outlook

February 15

The employment outlook in the financial services industry is looking up. Although the financial industry lost 10,000 jobs in January, the pace has slowed from 2009. Optimism continues to grow and many economists feel the recovery will continue in 2010, as the pace of job losses slows and hiring picks up. About 40% of economists expect this sector to add jobs in 2010.

According to Dona DeZube, Monster.com's Finance Careers Expert, those who still had accountant jobs, banking jobs, finance jobs and investment banking jobs spent 2009 doing more than ever while sometimes being paid less than ever for their efforts. Financial careers experts believe 2010 is going to be much better than 2009 for those in accounting, insurance, investment banking and finance.

This means the competition for talent in these areas will continue to rise. The National Association for Business Economics January 2010 Industry Survey provides new evidence that "the U.S. recovery from the Great Recession continues, albeit at a slow pace," said William Strauss, a senior economist at the Federal Reserve Bank of Chicago who helped conduct the analysis for the report.

Nearly a third of respondents expect hiring to increase in the first half of the year, up from 17% this time a year ago.

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