JPMorganChase announced it will complete hiring 10,000 new employees by the end of 2010.
That's good news from JPMorganChase. Jobs in financial services tend to pay better than other sectors. Moreover, they can lead to quick upward mobility. The clerical becomes a trader. The trader becomes an investment banker, The investment banker becomes the chief executive officer. In addition, this hiring trend could signal that Wall Street is in a recovery mode after its crash, which, some contend, helped generate the global downturn.