quarterly BOROUGH LABOR MARKET BRIEF Quarter 1

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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 1 NYC OVERVIEW 13 BRONX 19 BROOKLYN 25 MANHATTAN 31 QUEENS 37 STATEN ISLAND 43 GLOSSARY 44 ABOUT US About this report This second quarterly report focused on health care provides education and workforce development professionals with timely data about jobs, industries, in-demand skills, and workers in NYC and the five boroughs. This report is made possible by the generous support of the NYC Workforce Funders and the New York Community Trust. jobs gains and losses since last issue Source: New York State Department of Labor, Quarterly Census of Employment and Wages.

2 2 NYC EMPLOYMENT Q Unemployment Rate March March % 5.5% 5.0% 5.2% 5.7% 5.1% 4.5% 4.0% 4.6% 4.4% 4.1% 3.5% Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 US NYS NYC Source: US unemployment rate from Bureau of Labor Statistics, Current Population Survey; New York State and New York City from New York State Department of Labor, Local Area Unemployment Statistics. ACROSS NEW YORK City, 173,300 people were unemployed in March 2017, down 51,200 from this time last year. THE CITYWIDE UNEMPLOYMENT rate fell 0.7 percentage points since February 2017 and down 1.6 percentage points since last year.

3 NYC 3 While the Bronx has the highest unemployment rate of the five boroughs (5.7 percent), the greatest number of unemployed New Yorkers (almost 52,000) live in Brooklyn. Source: New York State Department of Labor, Local Area Unemployment Statistics. Note: Not seasonally adjusted.

4 4 NYC INDUSTRIES Q Top Six Largest Sectors in NYC Employment (in 1,000s), as of March Health Care and Social Assistance Just six sectors account for 62 percent of all jobs in New York City. 554 Government 417 Professional, Scientific, and Tech Services 350 Accommodation and Food Services 343 Retail Trade 334 Finance and Insurance Source: New York State Department of Labor, Current Employment Statistics. Note: Not seasonally adjusted for seasonal patterns that may emerge in certain industries. Icons from icons8.com

5 NYC 5 job gains and losses Source: New York State Department of Labor, Current Employment Statistics. 1SINCE APRIL 2016, the Health Care and Social Assistance sector added the most jobs (+29,000). 2ANOTHER SECTOR EXPERIENCING gains is Professional, Scientific, and Technical Services, adding close to 11,000 jobs. 3 WHOLESALE TRADE EXPERIENCED the biggest job loss between March 2016 and March 2017, shedding close to 6,000 jobs.

6 6 NYC REAL-TIME JOB ADS Q jpmorgan chase: top occupations advertised Not all types of jobs are equally represented online. Please see the glossary for more details. Source: Burning Glass Technologies, Labor Insight. SINCE OUR LAST update (covering November-December 2016), Memorial Sloan Kettering Cancer Center, Pfizer, and Deloitte replaced Macy s, Arbor Networks, and Eurofins as top posting employers in NYC.

7 NYC 7 EIGHTEEN OUT OF the twenty most frequently advertised jobs are for occupations typically held by New York City workers with a bachelor s degree. The two most frequently advertised occupations that don t require a bachelor s degree are Secretaries and Retail Salespeople. Since the last update, Lawyers replaced Information Technology Project Note: Secretaries and Administrative Assistants do not include Legal, Medical, and Executive secretaries. Managers as a top occupation. 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 Scheduling Research SQL Sales Source: Burning Glass Technologies, Labor Insight.

8 8 NYC HEALTH CARE Q Health care Jobs in NYC Year-Over-Year Employment Change, % 4% 3% 2% 2% 1% 0% -1% -2% -3% -3% -4% RECESSION TOTAL EMPLOYMENT (ALL OWNERSHIP) HEALTH CARE INDUSTRIES Source: Quarterly Census of Employment and Wages, New York State Department of Labor, HEALTH CARE IS the largest sector in NYC. Health care jobs were not as sensitive to the business cycle as overall industries, gaining jobs (two percent) at the height of the recent recession while overall employment fell two percent. In 2014, employment in Health care industries grew more slowly (two percent) than total employment (three percent).

9 NYC 9 Health care occupations in NYC Source: Occupational wages and employment from New York State Department of Labor, Occupational Employment Statistics. Most common education of individuals in occupations: 2012 and 2013 American Community Survey Public Use Microdata, U.S. Department of Commerce, U.S. Census Bureau. H HOME HEALTH AIDES account for the largest number of jobs in Health care, employing over 117,000 workers.

10 10 NYC projected occupation growth Note: Occupational wages and employment from New York State Department of Labor, Occupational Employment Statistics; Projections and wages fromnew York State Department of Labor, Division of Research & Statistics. 1THE OCCUPATION PREDICTED to add the most jobs by 2022 is Home Health Aide. 2SEVENTEEN OF THE 20 top projected growth occupations are typically held by individuals with some college, an associate degree, or a bachelor s degree or higher.

11 NYC 11 projected occupation growth Source: Projections and wages from New York State Department of Labor, Division of Research & Statistics. Most common education from 2012 and 2013 American Community Survey Public Use Microdata, U.S. Department of Commerce, U.S. Census Bureau. 1NONE 2TWO 3MOST OF THE fastest growing jobs typically held by those with a high school degree or its equivalent pay at or more than the citywide median. OF THE fastest growing jobs typically held by those with some college pay at or more than the median Surgical Technologists and Licensed Practical and Licensed Vocational Nurses. OF THE fastest growing jobs typically held by those with an Associate degree and bachelor s degree pay at or above the citywide median. Source: NYCLMIS analysis of Labor Insight Real-Time Market Data Burning Glass Technologies

12 12 12 NYC real time job ads in health care Not all jobs are equally represented online. Larger 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 2017.

13 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.

14 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.

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