The Securities Industry and the New York–New Jersey Region

The securities industry in the New York–New Jerseyregion is currently enjoying strong growth in employmentand salaries. The industry is particularly important to theregion because it is concentrated locally and pays highwages. Although vulnerable to stock and bond marketfluctuations, the industry has positive long-term prospects.The benefits from future growth, however, will likelyflow predominantly to highly skilled workers as rapidtechnological change continues to widen existing incomedifferentials.[...]