NYC Quarterly Labor Market Brief
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1 Manhattan NYC Quarterly Labor Market Brief Employment and labor force highlights in New York City and its five boroughs This brief was prepared for the New York City Workforce Funders by NYCLMIS CUNY Graduate Center New York, NY
2 New York City Quarterly Brief In This Issue Contents NEW YORK CITY... 3 THE BRONX BROOKLYN MANHATTAN QUEENS STATEN ISLAND GLOSSARY About This quarterly report provides education and workforce development professionals with timely data about jobs, industries, in-demand skills, and workers in NYC and its five boroughs. This report is made possible with the generous support from the New York City Workforce Funders. The Center for Urban Research (CUR) at the CUNY Graduate Center undertakes basic research addressing the issues facing New York and other large cities. A common thread in CUR activities is to understand the broad forces shaping patterns of inequality, inter-group relations, and neighborhood life in large urban areas and how these trends influence and are influenced by political participation, civic engagement, and the role of government. CUR has three operating units: the CUNY Data Service, the CUNY Mapping Service, and the New York City Labor Market Information Service (NYCLMIS). The NYCLMIS at the City University of New York Graduate Center is the go-to resource for actionoriented intelligence about the labor market. We provide timely and accurate information about the labor market to help educators, workforce professionals, economic development organizations, and philanthropies make datadriven decisions that will help their students, customers, and constituencies achieve success in the labor market. We are dedicated to rigor, close collaboration with our clients, advancing the skills of the workforce, and contributing to a healthy economy. 2
3 Manhattan Quarterly Brief Labor Market Highlights 3.7% 2.5M 129K Unemployment Mar 2018 Jobs in the Borough Q (Jul Sep) Job Ads Posted Online (Jan Mar) MANHATTAN New York City Labor Market Information Service 23
4 Manhattan Quarterly Brief Manhattan Unemployment 3.7% K Borough Unemployment Rate (UR) Mar 2018 Percentage Point Decline in the UR Mar Mar 2018 More Residents Found Jobs Over the Number Who Entered the Labor Force Mar Mar 2018 Manhattan Unemployment Rate (UR) Compared to Other Boroughs Mar Mar 2018 MANHATTAN BRONX BROOKLYN QUEENS 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 6.3% 5.8% 5.3% 4.8% 4.3% 3.8% 5.6% 5.1% 4.6% 4.1% 3.6% 3.1% Mar-17 Jun-17 Sep-17 Dec-17 Mar % 6.1% 4.5% 3.9% 3.7% 5.8% 4.3% 3.7% Change over-the-year (in percentage points) Manhattan Labor Force & Employment Change Mar 2017 Mar K 3.0K 2.5K 2.0K 1.5K 1.0K K more people entered the labor force 3.2K more people gained employment Manhattan UR Compared to NYC, New York State & US Mar % 1% 2% 3% 4% 5% 6% Manhattan New York City 3.7% 4.2% STATEN ISLAND 6.1% 5.6% 5.1% 4.6% 4.1% 3.6% 4.5% 4.1% -0.4 New York State US 4.1% 4.8% Source Local Area Unemployment Statistics, New York State Department of Labor. Data not seasonally adjusted. 24
5 Manhattan Quarterly Brief Manhattan Employment 2.5M 89% +1.8% Jobs are Based in this Borough Q (Jul Sep) Of Jobs in the Borough are in the Private Sector Q Increase in Borough-Based Private Jobs Q Q (Jul Sep) Manhattan Jobs by Sector Q K 2.5K 3.4K 04.2K 5.1K 5.9K 6.8K 7.6K 8.5K 10.2K 9.3K 11.0K 11.9K 12.7K 13.6K 14.4K 15.3K 16.1K 17.0K 17.8K 18.7K 19.5K 20.4K 21.2K 22.0K 22.9K 23.7K 24.6K 25.4K 26.3K 27.1K 28.0K 28.8K 29.7K 30.5K 31.4K 32.2K 33.1K 33.9K 34.8K 35.6K 36.5K 37.3K 38.2K 39.0K 39.9K 40.7K 41.6K 42.4K 43.2K 44.1K 44.9K 45.8K 46.6K 47.5K 48.3K 49.2K 50.0K 50.9K 51.7K 52.6K 53.4K 54.3K 55.1K 56.0K 56.8K 57.7K 58.5K 59.4K 60.2K 61.1K 61.9K 62.8K 63.6K 64.4K 65.3K 66.1K 67.0K 67.8K 68.7K 69.5K 70.4K 71.2K 72.1K 72.9K 73.8K 74.6K 75.5K 76.3K 77.2K 78.0K 78.9K 79.7K 80.6K 81.4K 82.3K 83.1K 84.0K 84.8K 85.6K 86.5K 87.3K 88.2K 89.0K 89.9K 90.7K 91.6K 92.4K 93.3K 94.1K 95.0K 95.8K 96.7K 97.5K 98.4K 100.1K 99.2K 100.9K 101.8K 102.6K 103.5K 104.3K 105.2K 106.0K 106.8K 107.7K 108.5K 109.4K 110.2K 111.1K 111.9K 112.8K 113.6K 114.5K 115.3K 116.2K 117.0K 117.9K 118.7K 119.6K 120.4K 121.3K 122.1K 123.0K 123.8K 124.7K 125.5K 126.4K 127.2K 128.0K 128.9K 129.7K 130.6K 131.4K 132.3K 133.1K 134.0K 134.8K 135.7K 136.5K 137.4K 138.2K 139.1K 139.9K 140.8K 141.6K 142.5K 143.3K 144.2K 145.0K 145.9K 146.7K 147.6K 148.4K 149.2K 150.1K 150.9K 151.8K 152.6K 153.5K 154.3K 155.2K 156.0K 156.9K 157.7K 158.6K 159.4K 160.3K 161.1K 162.0K 162.8K 163.7K 164.5K 165.4K 166.2K 167.1K 167.9K 168.8K 169.6K 170.4K 171.3K 172.1K 173.0K 173.8K 174.7K 175.5K 176.4K 177.2K 178.1K 178.9K 179.8K 180.6K 181.5K 182.3K 183.2K 184.0K 184.9K 185.7K 186.6K 187.4K 188.3K 189.1K 190.0K 190.8K 191.6K 192.5K 193.3K 194.2K 195.0K 195.9K 196.7K 197.6K 198.4K 199.3K 200.1K 201.0K 201.8K 202.7K 203.5K 204.4K 205.2K 206.1K 206.9K 207.8K 208.6K 209.5K 210.3K 211.2K 212.0K 212.8K 213.7K 214.5K 215.4K 216.2K 217.1K 217.9K 218.8K 219.6K 220.5K 221.3K 222.2K 223.0K 223.9K 224.7K 225.6K 226.4K 227.3K 228.1K 229.0K 229.8K 230.7K 231.5K 232.4K 233.2K 234.0K 234.9K 235.7K 236.6K 237.4K 238.3K 239.1K 240.0K 240.8K 241.7K 242.5K 243.4K 244.2K 245.1K 245.9K 246.8K 247.6K 248.5K 249.3K 250.2K 251.0K 251.9K 252.7K 253.6K 254.4K 255.2K 256.1K 256.9K 257.8K 258.6K 259.5K 260.3K 261.2K 262.0K 262.9K 263.7K 264.6K 265.4K 266.3K 267.1K 268.0K 268.8K 269.7K 270.5K 271.4K 272.2K 273.1K 273.9K 274.8K 275.6K 276.4K 277.3K 278.1K 279.0K 279.8K 280.7K 281.5K 282.4K 283.2K 284.1K 284.9K 285.8K 286.6K 287.5K 288.3K 289.2K 290.0K 290.9K 291.7K 292.6K 293.4K 294.3K 295.1K 296.0K 296.8K 297.6K 298.5K 299.3K 300.2K 301.0K 301.9K 302.7K 303.6K 304.4K 305.3K 306.1K 307.0K 307.8K 308.7K 309.5K 310.4K 311.2K 312.1K 312.9K 313.8K 314.6K 315.5K 316.3K 317.2K 318.0K 318.8K 319.7K 320.5K 321.4K 322.2K 323.1K 323.9K 324.8K 325.6K 326.5K 327.3K 328.2K 329.0K 329.9K 330.7K 331.6K 332.4K 333.3K 334.1K 335.0K 335.8K 336.7K 337.5K 338.4K 339.2K 340.0K 340.9K 341.7K 342.6K 343.4K 344.3K 345.1K 346.0K 346.8K 347.7K 348.5K 349.4K 350.2K 351.1K 351.9K 352.8K 353.6K 354.5K 355.3K 356.2K 357.0K 357.9K 358.7K 359.6K 360.4K 361.2K 362.1K 362.9K 363.8K 364.6K 365.5K 366.3K 367.2K 368.0K 368.9K 369.7K 370.6K 371.4K 372.3K 373.1K 374.0K 374.8K 375.7K 376.5K 377.4K 378.2K 379.1K 379.9K 380.8K 381.6K 382.4K 383.3K 384.1K 385.0K 385.8K 386.7K 387.5K 388.4K 389.2K 390.1K 390.9K 391.8K 392.6K 393.5K 394.3K 395.2K 396.0K 396.9K 397.7K 398.6K 399.4K 400.3K 401.1K 402.0K 402.8K 403.6K 404.5K 405.3K 406.2K 407.0K 407.9K 408.7K 409.6K 410.4K 411.3K 412.1K 413.0K 413.8K 414.7K 415.5K 416.4K 417.2K 418.1K 418.9K 419.8K 420.6K 421.5K 422.3K 423.2K 424.0K 353K 293K 247K 235K 165K 161K 155K 151K 103K 102K 85K 74K 65K 63K 41K 25K 11K 7K Professional & technical services Finance & insurance Health care & social assistance Accommodation & food services Information Staffing agencies & waste mgmt services Retail trade Educational services Other services, except public admin. Public admin. Real estate & rental & leasing Wholesale trade Arts entertainment & recreation Company headquarters Construction Manufacturing Unclassified Transportation & warehousing Manhattan-Based Private Jobs Count Q Q Q Q M 2.15M Largest Sectors in Manhattan Q More than 1 in every 3 Manhattan jobs are in these 3 largest sectors. 14% 12% 10% Professional & Technical Finance & Insurance Manhattan Job Gains and Losses Q Q Top 3 sectors that grew the fastest 13% 11% 9% 7% 5% 3% 1% -1% Health Care & Social Services 9% 6% 5% Staffing agencies & waste mgmt. Company headquarters Information Bottom 3 sectors that grew most slowly or lost jobs 0% -1% -1% -2% -2% -3% -3% -4% -4% -5% -5% Construction -1% Transportation & warehousing Manufacturing -3% -5% Source NYCLMIS analysis of Quarterly Census of Employment & Wages Data Files, Private and Public Sector Employment, US Department of Labor Bureau of Labor Statistics. New York City Labor Market Information Service 25
6 Manhattan Quarterly Brief Manhattan Online Job Ads 129K 8% 46% Job Ads 1 Were Posted Online (Jan Mar) Of Online Job Ads Wanted Candidates with Less Than a Bachelor s Of Online Job Ads Wanted Bachelor s Degrees or Higher Not specified 45% Graduate 5% High school 6% Advertised Education Requirements Some college/ associate 2% Bachelor's 41% Manhattan Online Ad Volume by month Mar 2018 Feb 2018 Jan K 39.5K Employers Who Posted the Most Online Ads Seeking Candidates with Less than Bachelor s 52.0K 12000% 24000% 36000% 48000% 0% 60000% 72000% 84000% % 96000% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Most Requested Specialized Skills in Online Job Ads K 14.5K 13.2K 12.7K 11.9K 9.5K 7.7K 7.0K 6.6K 6.5K Project Management Budgeting Customer Service Sales Scheduling SQL Java Customer Contact Python Accounting 615 NYU Langone Health 263 NY Presbyterian Hospital 199 Allied Universal Security Systems 149 Memorial Sloan Kettering 111 Columbia University 96 Family Dollar Stores Inc. 95 Mt. Sinai 85 Marriott International 78 NYC Dept. Health 78 Ricoh Electronics 1 An ad is not a job opening. Some postings advertise several openings while others search for talent not connected to a specific opening. Still, this measure is among the best available for indicators of future hiring. Source NYCLMIS analysis of Labor Insights Burning Glass Technologies. 26
7 Manhattan Quarterly Brief Occupations Advertised the Most Online in Manhattan by Education Level K K 1.2K 1.3K 1.4K 1.5K 1.6K 1.7K 1.8K 1.9K 2.0K 2.1K 2.2K 2.3K 2.4K 2.5K 2.6K 2.7K 2.8K 2.9K 3.0K 3.1K 3.2K 3.3K 3.4K 3.5K 3.6K 3.7K 3.8K 3.9K 4.0K 4.1K 4.2K 4.3K 4.4K 4.5K 4.6K 4.7K 4.8K 4.9K 5.0K 5.1K 5.2K 5.3K 5.4K 5.5K 5.6K 5.7K 5.8K 5.9K 6.0K 6.1K 6.2K 6.3K 6.4K 6.5K 6.6K 6.7K 6.8K 6.9K 7.0K 7.1K 7.2K 7.3K 7.4K 7.5K 7.6K 7.7K 7.8K 7.9K 8.0K 8.1K 8.2K 8.3K 8.4K 8.5K 8.6K 8.7K 8.8K 8.9K 9.0K 9.1K 9.2K 9.3K 9.4K 9.5K 9.6K 9.7K 9.8K 10.0K 9.9K 10.1K 10.2K 10.3K 10.4K 10.5K 10.6K 10.7K 10.8K 10.9K 11.0K 11.1K 11.2K 11.3K 11.4K 11.5K 11.6K 11.7K 11.8K 11.9K 12.0K 12.1K 12.2K 12.3K 12.4K 12.5K 12.6K 12.7K 12.8K 12.9K 13.0K 13.1K 13.2K 13.3K 13.4K 13.5K 13.6K 13.7K 13.8K 13.9K 14.0K 14.1K 14.2K 14.3K 14.4K 14.5K 14.6K 14.7K 14.8K 14.9K 15.0K 15.1K 15.2K 15.3K 15.4K 15.5K 15.6K 15.7K 15.8K 15.9K 16.0K 16.1K 16.2K 16.3K 16.4K 16.5K 16.6K 16.7K 16.8K 16.9K 17.0K 17.1K 17.2K 17.3K 17.4K 17.5K 17.6K Web developers Paralegals & legal assistants Preschool teachers Medical & clinical lab techs Network support specialists # Job ads online NYC annual median wage Associate degree K $80.4K $58.7K $43.9K $52.8K $81.0K Tech support specialists Bookkeeping & accounting clerks Heavy truck drivers Health information technicians LPNs Some college or postsecondary certificate 1.3K $57.8K $45.7K $47.5K $46.3K $55.3K Sales reps,wholesale trade & mfr. Secretaries & admin assistants Customer service reps Retail sales supervisors Exec. Secretaries & admin. assts. High school diploma or equivalent 1.9K 1.5K 1.3K 1.1K 5.0K $61.2K $42.7K $39.8K $48.4K $74.7K Retail salespeople Food prep workers & servers Restaurant cooks Maids & housekeeping cleaners Waiters & waitresses No formal equcation required 1.3K $21.8K $21.8K $28.0K $40.4K $28.6K Sources NYCLMIS analysis of Labor Insights Burning Glass Technologies; Occupational Employment Statistics, 2017 Q1, New York State Department of Labor. Educational requirements are based on survey data collected by the US Bureau Labor of Statistics. New York City Labor Market Information Service 27
8 Manhattan Quarterly Brief Manhattan Workforce Demographics 25% 20% 14% Of Working Residents are 29 Years of Age or Younger Of Working Residents have a Bachelor s Degree or Higher Of Working Residents Only Earn up to $1,250/Month Resident Worker Age Distribution Resident Worker Education Distribution Age 29 or younger 25% 35% 33% Age % 30% 25% 20% 15% 10% 9% 14% 20% 5% Age 55 or older 19% 0% Less than high school High school or equiv. Some college or associate Bachelor's or greater Resident Worker Income Distribution M Higher income (more than $3,333/m) 65% Commuting Patterns Work here Live outside 197K Live here Work outside 14% 21% Middle income ($1,251 - $3,333/m) Lower income ($1,250/m or less) 518K Live & work Here Source OnTheMap, U.S. Census Bureau, Center for Economic Studies. Focus on primary jobs. 28
9 Glossary Quarterly Brief Glossary Labor Force This term includes people of working age who are either employed or are unemployed and actively seeking employment. Unemployment Rate (UR) This is the number of people who are unemployed and actively seeking employment divided by the size of the labor force. This does not include people who are marginally attached to the labor force or discouraged from participating in it. Sector This term describes standardized broad groupings of employers by economic or commercial activity. Occupation Sometimes used interchangeably with job, this term describes standardized, detailed groupings of workers who carry out similar activities. Occupations are organized based on the work performed, and sometimes on skills, education, and training requirements. Job This is a broad term used to describe positions filled by employers. Depending on the context, it may be used interchangeably with occupations. Online Job Ads These are job announcements that are posted online. This report presents these data in aggregate to illustrate overall demand online. The ratio of online ads to actual job openings is not always 1:1. Moreover, not all jobs are equally represented online. Some industries and employers may advertise exclusively online. Some may prefer to recruit through word of mouth or through existing talent networks. Others may employ some combination of one or more of these techniques to identify talent. Specialized Skills These refer to the training and knowledge required to do perform a specific job. In aggregate, they can offer an indication of the type of work that is in-demand across sectors and occupations. Questions about this report? Contact: Pam Hoberman phoberman@gc.cuny.edu Yuemeng Zhang yzhang@gc.cuny.edu A special thanks to NYCLMIS staff Kasey Zapatka, Jaclyn Kelly, and Ronnie Kauder for their valuable contributions to this report, and to NYCLMIS Director, Lesley Hirsch, for her exceptional creativity and guidance. Assorted icons by Freepik and Neal Creative. NYC map design by Scott Citron. New York City Labor Market Information Service 41
10 Staten Island Quarterly Brief NEW YORK CITY LABOR MARKET INFORMATION SERVICE CUNY GRADUATE CENTER 365 FIFTH AVENUE, ROOM 6202 NEW YORK, NY
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