Showing posts with label employment. Show all posts
Showing posts with label employment. Show all posts

Dec 8, 2013

NYC Employment By Industry

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REBNY research reports the employment recovery in NYC and the country since the financial 
crisis in 2008 has been sluggish. Although jobs have increased overall in the city, some industries 
are faring better than others.

The largest gainer in employment over the period from the October bottom of the recession to now was Educational Services with an increase of 22.5%  Important for the office market, Professional and Business Services increased 13.6% from the October low of the recession.  

Also important for the office market, Financial Activities, is only up 3.5% from October 2009. 
Construction employment is still down .8% from October 2009 despite signs of new residential 
and office development around the city.


                        NYC Employment Oct. 2009               NYC Employment Oct. 2013


All Industries 3,688.70 3,999.90
Professional and Business Services 563.3 640
Health Care and Social Services 575.4 627.7
Financial Activities 427.1 442.1
Leisure and Hospitality 314.9 379.4
Retail Trade 296.3 339.1
Education Services 171.6 210.2
Construction 120.1 119.1
Real Estate 108.3 110.3

Change in Employment % Change in Employment
All Industries 311.20 8.4%
Professional and Business Services 76.7 13.6%
Health Care and Social Services 52.3 9.1%
Financial Activities 15 3.5%
Leisure and Hospitality 64.5 20.5%
Retail Trade 42.8 14.4%
Education Services 38.6 22.5%
Construction -1 -0.8%
Real Estate                                           2 1.8%
Source: NYS Department of Labor
Numbers in thousands


REBNY Research Department




 
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