Financial Jobs Aren’t Just in New York




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ORIGINAL POST

Posted by Ed 30 days ago
There were 755,436 people working in financial activities in the New York metropolitan area last year, more than twice as many as in the next-biggest area for such jobs, metro Los Angeles.
 
But this amounted to just 8% of New York-area jobs. There are other metropolitan areas where finance makes up a much larger share of employment than that.
 
 What the location quotient numbers in the above chart mean, basically, is that in Bloomington, you’re almost four times as likely to encounter people who work in finance as in the country as a whole, and more than 2 1/2 times as likely to encounter them as in the nation’s financial capital.
 
 
Which makes sense, given that the small Illinois city (2018 metro area population: 188,597) is the home base of insurance giant State Farm; Country Financial, another large insurance and financial group, is also headquartered there. A whopping 22% of the area’s jobs are in financial activities (nationwide, the percentage is 5.6%).
 
 
 https://www.bloomberg.com/opinion/articles/2019-06-22/finance-jobs-are-plentiful-in-midwest-not-just-new-york?srnd=premium-asia


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