Thread: Wall Street may lose 10,000 jobs

Wall Street may lose 10,000 jobs

By Aaron Smith, CNNMoney

The New York state comptroller expects Wall Street to lose 10,000 jobs by the end of 2012. The job losses are projected to occur in New York City's securities industry from now through December, 2012, according to Eric Sumberg, press spokesman for state comptroller Thomas DiNapoli.

"It now seems likely that profits will fall sharply, job losses will continue, and bonuses will be smaller than last year," DiNapoli said in a press release. "These developments will have a rippling effect through the economy and adversely impact state and city tax collections."

The comptroller blamed the dismal outlook on "uncertainty due to the European sovereign debt crisis, a sluggish domestic economy, volatile stock markets and regulatory changes." The comptroller's office highlighted Wall Street's strong start for 2011, noting that the securities industry has weakened considerably through the rest of the year. Wall Street added 9,900 jobs from January 2010 and April 2011, but then lost 4,100 jobs through August.

http://www.usingenglish.com/reference/i ... +made.html

Now if we could get rid of 10,000 politicians and other government employees . . .

535 job openings coming in 2012 too....

why not get in line with the rest of us . thank Obama for all of this mess
all jobs go over sea . & the illegal immigrants has our jobs
look up & down 42 street who is working lol sure in hell Not one
american every store I go into all I see are china . Mexico
you name they are working yes the Amercian are P/// . why my friend live Pa they had bad wash right out of every thing gov not helping at all but sure in hell they help all the other country SB
PA is a mess right .yes I was out to help .
we want our jobs back & our country Back & we will get
it No amnesty

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