Wall Street Bonuses
Wall Street’s average bonus for securities employees was $176,500 in 2023, according to State Comptroller DiNapoli’s annual estimate. Bonuses declined nearly 2% since 2022. Wall Street’s profits were up 1.8% in 2023, but firms have taken a more cautious approach to compensation and more employees have joined the securities industry, which accounts for the slight decline in the average bonus.
Comptroller DiNapoli’s office closely tracks the economic performance of Wall Street because of its significant impact on State and City tax revenues and the economy. Comptroller DiNapoli estimates that 1 in 11 jobs in the City are either directly or indirectly associated with the securities industry. Find out what it means for income tax revenue for the State and City.
|
Women’s History Month:Women of Influence Through the Years
The State Comptroller’s office is proud to have a long history of women in leadership. Women have held pivotal roles since 1960, and their influence has grown under Comptroller DiNapoli. Today, women make up more than half of the office’s workforce.
In honor of Women’s History Month this year, our Women on Work committee developed a walking tour highlighting women who’ve helped shape the agency over the years.
Comptroller DiNapoli recently joined committee leaders, honorees and staff to experience and reflect on this important legacy.
| Watch the Video |
Comptroller DiNapoli Releases Profile of New York's Small Business Owners
Even as many small businesses shuttered their doors or struggled through the pandemic, entrepreneurs in New York continued to identify and pursue new opportunities, according to an analysis by State Comptroller DiNapoli. New York exceeds the nation in the share of businesses that are majority female and minority-owned; however, they continue to represent less than one-quarter of all owners in New York State.
|
NYC Immigrant Workforce Below 2015 Peak
The size of New York City’s immigrant workforce was flat over nearly a decade, according to a new report from State Comptroller DiNapoli. Through 2023, the foreign-born labor market grew 18.5% since 2015 nationally, while New York City’s declined 0.6%, according to data analyzed from the Bureau of Labor Statistics. Still, in 2023, New York City’s 1.8 million foreign-born workers made up 44.3% of its total labor force, more than double the national share of 18.6%.
|
Municipal & School Audits
- City of Salamanca
- Piseco Common School District
- Village of Afton
- Beacon Central School District
- Copiague Union Free School District
- OnTECH Charter High School
ALSO IN THE NEWS THIS WEEK
Note: Some news links may require a paid subscription.
Wall Street bonuses fell 2% for 2023, New York Comptroller says
- Report: New York business owners found new opportunities despite COVID's obstacles
Tom DiNapoli @NYSComptroller
 |
No comments:
Post a Comment