CNN Money – No one would dare go so far as to say that the Wall Street job market is bright.
Through June, financial firms of all stripes have shed an estimated 63,000 jobs over the past year, according to the latest employment figures from the Labor Department. That’s due in large part to the housing slump and credit crisis.
The pain is particularly acute on Wall Street. Investment banks and brokerages have shed an estimated 7,600 jobs, or roughly 4% of their workforce during the past year, according to the latest figures from the New York State Department of Labor.
If previous market downturns are any guide, analysts project that Wall Street could cut anywhere between 20% to 25% of its workers if the economy gets even worse.
But despite this, there are some financial firms hanging out the "Help Wanted" sign.