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Employment in the financial sector has risen above 2001 levels in 21 states, a sign that the banking industry is regaining some of its past vigor.
Texas is enjoying the sharpest upswing, according to an On Numbers analysis of new federal data. The financial sector in Texas contained 622,900 jobs last month, which was 47,200 above the corresponding figure for April 2001.
North Carolina was second with a 10-year gain of 16,100 financial jobs. The only other states to post five-figure increases were Arizona (up 10,500 financial jobs in a decade) and South Carolina (up 10,000).
See the database at the end of this story for a state-by-state breakdown of the latest figures from the U.S. Bureau of Labor Statistics. This report follows a similar analysis yesterday of private-sector employment trends that foundTexas leads the nation in private-sector jobs growth.
The decade began and ended in rocky fashion for the nation’s banking industry, which was disrupted by the 9/11 terrorist attacks in 2001 and the recession of 2008-2010.
Twenty-nine states and the District of Columbia have fewer financial jobs today than a decade ago. The sharpest drops occurred in California (down 70,600) and New York (down 64,400).
The following chart contains employment figures for the financial sector in 2001, 2010 and 2011. It can be re-sorted by any category. Just click on the appropriate header.
STATE-BY-STATE FINANCIAL ACTIVITIES EMPLOYMENT
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