MANHATTAN BRIEF Q1 2017

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MANHATTAN 25 MANHATTAN BRIEF Q1 2017 heath care spotlight Manhattan has 184,000 jobs in the Health Care and Social Assistance sector (the fifth largest sector in the borough).

1 MANHATTAN 25 MANHATTAN BRIEF Q heath care spotlight Manhattan has 184,000 jobs in the Health Care and Social Assistance sector (the fifth largest sector in the borough). Not all jobs are equally represented online. Large employers are more likely to post jobs online. Many unionized health care positions are not advertised online but through employment centers. Source: Burning Glass Technologies, Labor Insight. Note: Timeframe is April 2016-April Medical Scientists do not include Epidemiologists.

2 26 MANHATTAN health care real time job ads TOP POSTINGS FROM NYU medical center Note: NYU includes NYU Hospitals Center, NYU School Of Medicine, and NYU Hospital for Joint Diseases. Source: Burning Glass Technologies, Labor Insight. Note: Timeframe is April 2016-April 2017.

MANHATTAN 27 27 INDUSTRIES Q1 2017 Top Six Largest Sectors in manhattan Employment (in 1,000s) Just six sectors 295 Finance and Insurance 293 Professional and Technical Services account for 55% of

3 MANHATTAN INDUSTRIES Q Top Six Largest Sectors in manhattan Employment (in 1,000s) Just six sectors 295 Finance and Insurance 293 Professional and Technical Services account for 55% of all jobs in Manhattan. 214 Government 180 Accommodation and Food Services 184 Health Care and Social Assistance 152 Information Note: Top industries reflect average of last four available quarters. Source: New York State Department of Labor, Quarterly Census of Employment and Wages. Icons from icons8.com

28 MANHATTAN Note: Average wages from 2015. Top industries reflect average of last four available quarters. Source: New York State Department of Labor, Quarterly Census of Employment and Wages.

4 28 MANHATTAN Note: Average wages from Top industries reflect average of last four available quarters. Source: New York State Department of Labor, Quarterly Census of Employment and Wages. 1 FINANCE AND INSURANCE now has the most jobs in Manhattan, replacing Professional and Technical Services. 2BETWEEN THE THIRD quarter of 2015 and third quarter of 2016, of the classified sectors, Professional and Technical Services added the most jobs (over 8,700). 3THE RETAIL TRADE sector shed over 5,500 jobs.

5 MANHATTAN 29 REAL-TIME JOB ADS Q TOP POSTINGS FROM jpmorgan Not all types of jobs are equally represented online. Please see the glossary for more details. Source: Burning Glass Technologies, Labor Insight. SINCE THE LAST update (covering September-December 2016), Memorial Sloan Kettering Cancer Center emerged as a top posting employer in the borough, replacing Arbor Networks.

30 MANHATTAN OF THE TOP 10 jobs most frequently advertised from January to

typically have a high school degree or its equivalent.

Retail Salespersons as one of the top advertised occupations.

Microsoft Excel Project Management Writing Microsoft Office Budgeting Team

6 30 MANHATTAN OF THE TOP 10 jobs most frequently advertised from January to March 2017, eight are those typically held by workers with a bachelor s degree or higher in NYC. Sales Representatives and Secretaries and Administrative Assistants, typically have a high school degree or its equivalent. Since the last update, Secretaries and Administrative Assistants replaced Retail Salespersons as one of the top advertised occupations. top skills in demand Employability Software Specialized Communication Skills Microsoft Excel Project Management Writing Microsoft Office Budgeting Team Work/Collaboration Microsoft PowerPoint Customer Service Organizational Skills Microsoft Word Sales Detail-Oriented SQL Scheduling Source: Burning Glass Technologies, Labor Insight.

7 GLOSSARY 43 GLOSSARY KEY TERMS LABOR MARKET INFORMATION Labor market information includes all data (both quantitative and qualitative) and analysis related to employment and the workforce (past, current, and future projections) that can help constituents make decisions and choices about education, training, and job search. LABOR FORCE PARTICIPANTS Labor force participants include those who are employed and unemployed (those actively looking for work during the last four weeks). OCCUPATIONS Occupations have similar job duties. Occupations (e.g. accountants) can span industries or they can be found solely in just one industry (e.g. nurses). The Standard Occupation Classification (SOC) System is a hierarchical framework and the standard used to classify occupations into categories for the purpose of collecting, calculating, or disseminating data. REAL-TIME LABOR MARKET INFORMATION Real-time labor market information (RTLMI) describes software that scrapes online job postings daily, organizes the information into quantifiable data, and then stores this information into databases for analysis. Not all types of jobs are equally represented online. Large employers and corporations are more likely to post jobs online. Smaller businesses are more likely to post only executive positions online. Some occupation groups, such as construction and production, are under-represented because employers use other hiring methods such as union halls or job fairs. SEASONAL ADJUSTMENT Seasonal adjustment is a statical method that takes into account seasonal patterns that can impact employment and unemployment overall and in certain industries (e.g. retail employment typically increases during the retail holiday season and falls thereafer). SECTORS AND INDUSTRIES Industries consist of businesses doing similar activities. The North American Industry Classification System (NAICS) is the standard used to classify business establishments.

8 ABOUT US 44 The Center for Urban Research (CUR) organizes basic research on the critical issues that face New York and other large cities in the U.S. and abroad; collaborates with public agencies, nonprofit organizations, and other partners to help them understand how to respond to the challenges they face; and informs the media, opinion-shapers, and the public about urban research at The Graduate Center, CUNY. Combined, the leadership team of the Center for Urban Research which includes the CUNY Data Service, the CUNY Mapping Questions about this report? Contact: Ofronama Biu Senior Research Associate The NYC Labor Market Information Service (NYCLMIS) Service, and the New York City Labor Market Information Service (NYCLMIS) has more than a century of experience working in and with the City of New York in research and policy consulting capacities. New York City is and has always been the focal point of its work. The New York City Labor Market Information Service (NYCLMIS) at the City University of New York Graduate Center is the go-to resource for action-oriented 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 data-driven decisions that will help their students, customers, and constituencies achieve better labor market outcomes. We are dedicated to academic-quality rigor, close collaboration with our clients, advancing the skills of the workforce, and contributing to a healthy economy.

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1 january-march 2017 INDUSTRIES, JOBS, EMPLOYMENT, AND DEMOGRAPHIC TRENDS NYC AND THE FIVE BOROUGHS: brooklyn, bronx, manhattan, queens, staten island Contents