“We consider financial services to be very critical to the North Shore,” Sinatra said, because of its high wages and its ability to provide funding to other employment sectors.
Sinatra noted, however, that the number of jobs in the Peabody area is down 500 from October to November, in part because of a decline in tourism.
Leisure and hospitality chalked up a 400-job increase year-over-year, from 10,400 in November 2011 to 10,800 last month. However, the sector is down 600 jobs, or 5.3 percent, from October. Sinatra, who works in downtown Salem, chalked that up to fewer people visiting the region after the Halloween tourism season ends.
Staff writer Ethan Forman can be reached at 978-338-2673, by email at email@example.com or on Twitter at @DanverSalemNews.