The News: What's That I See?
Marisa DiNatale, a senior economist at Moody's Economy.com, thinks - thinks, mind you - the financial job market may be seeing light at the end of the tunnel. "It's too early to tell," she tells InvestmentNews. "I'm not convinced it's hit the bottom yet. But we are likely nearing the bottom."
That's not a small hope to hold out after a season's worth of devastation. Through March, 495,000 jobs were lost in the sector from the peak of 8.4 million positions at end of 2006. And while no one's quite sure where exactly the financial business is heading under the pressures of government bailouts and consolidation, DiNatale says, "The number of job losses is going to get smaller going forward." She sees total job losses at around 686,000, and some job growth beginning early in 2010.
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