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  1. And? For years up to the collapse of the housing marketing, investment banks were actually reducing the number of people they had on payroll, which by itself isn’t a problem. The problem arises when low paying service sector jobs are replacing living wage jobs that FS provides directly and indirectly. The FEW jobs created at investment banks in the past 12 months pales in comparison the low paying jobs created and that’s not a good thing.

  2. “Additionally, the brokerage forecast that the city will demonstrate strong employment growth this year by adding 84,000 jobs, a 2.3% increase from 2010”

    Most of these jobs will be VERY low paying service sector jobs. Not a good look for a city as costly as this one.

  3. “New York City will beat out 43 other major markets this year in terms of apartment vacancy rate, employment growth and other key economic indicators, according to a report released last week that is tied to an index that forecasts the strength of those markets.

    The Big Apple is expected to record the nation’s lowest vacancy rate with 3%, according to brokerage Marcus & Millichap’s National Apartment Index for 2011. Additionally, the brokerage forecast that the city will demonstrate strong employment growth this year by adding 84,000 jobs, a 2.3% increase from 2010”