Wall Street employment increased last year for the first time since 2011 and New York’s traders and bankers enjoyed a modest increase in their bonuses, according to official state numbers.
Figures from the New York comptroller’s office showed the average bonus paid rose 2 per cent to $172,860 in 2014 even though the industry was 4.5 per cent less profitable than a year earlier.
“The resumption of job growth in the securities industry bodes well for New York’s economy,” said Thomas DiNapoli, New York state comptroller, “but it remains to be seen whether this trend will be sustained.”
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