Chart 2: Employment Losses in the Securities Industry Are Centered in New York City

Year Quarter New York City Rest of Nation
2000 1 4.13% 10.22%
2000 2 5.88% 10.23%
2000 3 5.71% 10.45%
2000 4 5.48% 10.66%
2001 1 3.60% 9.72%
2001 2 0.69% 6.94%
2001 3 -2.52% 2.84%
2001 4 -16.33% 2.76%
2002 1 -12.23% 18.61%
2002 2 -12.99% 15.41%
2002 3 -12.38% 9.89%
2002 4 -0.58% 6.14%
2003 1 -6.81% 3.47%
2003 2 -5.69% -0.48%
2003 3 -3.99% -4.48%
2003 4 -2.73% -6.38%
2004 1 0.64% -7.28%
2004 2 2.19% -6.85%
2004 3 2.60% -5.18%
2004 4 3.04% -6.21%
2005 1 2.14% -2.04%
2005 2 2.88% -2.50%
2005 3 3.67% -0.54%
2005 4 3.77% 2.79%
2006 1 5.08% 4.27%
2006 2 5.06% 6.43%
2006 3 5.44% 8.09%
2006 4 5.23% 10.31%
2007 1 4.37% 10.45%
2007 2 4.19% 10.39%
2007 3 4.07% 9.63%
2007 4 4.04% 9.94%
2008 1 2.98% 10.08%
2008 2 0.80% 11.99%
2008 3 -1.21% 11.16%
2008 4 -4.83% 8.23%
Source: Bureau of Labor Statistics (Haver Analytics).
Note: Data are through fourth quarter 2008 and are not seasonally adjusted.