NYC Quarterly Labor Market Brief

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1 Bronx 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 generous support from the New York City Workforce Funders. The Center for Urban Research (CUR) at the CUNY Graduate Center undertakes 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 Bronx Quarterly Brief Labor Market Highlights 6.1% 7.1% 3. Unemployment Jul 2018 Of NYC Jobs Are in This Borough Q (Oct Dec) Of NYC Online Job Ads Are in This Borough (Apr Jun) THE BRONX New York City Labor Market Information Service 11

4 net labor force loss of net labor force gains of net job gains of net job gains of Bronx Quarterly Brief Bronx Unemployment 6.1% Borough Unemployment Rate (UR) Jul 2018 Percentage Point Decline in the UR Jul Jul 2018 Percentage Points Above the Citywide Average Jul Jul 2018 Year-over-year (YOY) the Bronx unemployment rate (UR) declined. Since the last quarter, the UR in each borough edged up. Unemployment Rate by Borough Jul Jul 2018 Jobs growth and a smaller labor force lowered the UR over-the-year. But, the UR rose since the last quarter as more people looked for work than found a job. Borough Labor Force & Employment Change BRONX BROOKLYN MANHATTAN QUEENS STATEN ISLAND % % % 6.3% 5.8% 5.3% 4.8% 4.3% 3.8% 5.8% 5.3% 4.8% 4.3% 3.8% 3.3% 5.6% 5.1% 4.6% 4.1% 3.6% 3.1% 6.1% 5.6% 5.1% 4.6% 4.1% 3.6% Jul-17 Oct-17 Jan-18 Apr-18 Jul % 5.6% 6.1% 5.2% 4.2% 4.4% 3.6% 4.4% % 4.0% % 3.8% 4.6% Change year-over-year (in percentage points) K 4K 3K 2K K -3K 15K 10K 5K 0 Year-Over-Year: Jul 2017 Jul 2018 net labor force loss of -1.8K net job gains of 2.9K 3-Month Change: Apr 2017 Jul 2018 net labor force gains of 8.5K net job gains of 4.7K While the Bronx UR is half of its postrecession peak, it lags behind the other boroughs, city, state, and nation. Borough UR Compared to City, State & US Jul % 1% 2% 3% 4% 6% 7% 8% Bronx New York City 4.4% 6.1% New York State US 4.2% 4.1% Source Local Area Unemployment Statistics, New York State Department of Labor. Data not seasonally adjusted. See Glossary on page 41 for details on seasonal adjustment. 12

5 Bronx Quarterly Brief Bronx Employment 7.1% 80% +2.0% Of NYC Jobs Are Based in This Borough Q (Oct Dec) Of Borough-Based Jobs Are in the Private Sector Q Increase in Borough-Based Private Jobs Q Q (Oct Dec) There are 306K jobs in the Bronx. Distribution of Jobs by Sector Q K 20.0K 30.0K 40.0K 50.0K 60.0K 70.0K 80.0K 90.0K 100.0K 110.0K 120.0K 103K 52K 32K 17K 14K 12K 11K 10K 10K 8K 6K 5K 5K 4K 2K 2K 1K 1K The borough s share of private jobs grew. Share of Private Jobs in the Borough Q Q Q Q Health care & social assistance Educational services Retail trade Accommodation & food services Public admin. Construction Wholesale trade Real estate & rental & leasing Other services, except public admin. Temporary help & waste services Manufacturing Professional & technical services Finance & insurance Arts entertainment & recreation Information Transportation & warehousing Unclassified Company headquarters 79.9% 79. 0% 100% The Bronx s 3 largest sectors account for about 3 in every 5 borough-based jobs. Q % 17% 10% Health Care & Social Services Education Retail Total employment grew by 1. over the year, with gains in some areas of the economy tempered by losses in others. These are the sectors with the most rapid changes to their payrolls: Q Q Top 3 sectors that expanded the fastest 2 20% 1 10% 0% 22% Company headquarters 7% 7% Professional & technical Finance & insurance Bottom 3 sectors that contracted the fastest Temporary help & waste services Manufacturing Information 0% -2% -4% -6% -8% -10% -12% -14% -16% -3.3% -4.8% -13.3% 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 13

6 Bronx Quarterly Brief Bronx Online Job Ads 7.4K 7.1% 30% Job Ads 1 Were Posted Online (Apr Jun) Of Jobs Advertised Online in NYC Are in This Borough Of Online Job Ads Wanted Bachelor s Degrees or Higher 0 Business, health, and interpersonal skills were in greatest demand among online job ads. Share of Online Job Ads 12% 11% 9% 9% 6% 6% Not specified 46% Graduate 8% Advertised Education Requirements Customer Service Scheduling Teaching Sales Budgeting Staff Management Repair Treatment Planning Patient Care Mental Health High school 20% Some college/ associate Bachelor's 22% In this period, monthly ad volume peaked in May. Distribution of Online Ads by month 0% Jun 2018 May 2018 Apr 2018 Large employers in health, education, and social services posted the most online ads seeking candidates who have less than a bachelor s degree. Share of Online Job Ads 0 0.8% 0.4% 0.4% 0.3% 28% 27% Allied Universal Security Systems Montefiore Medical Center TD Bank Bronxworks Essen Health Care 24- Hour Fitness East Side House Settlement NY-Presbyterian Macy s Albert Einstein College of Medicine 4 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. 14

7 Bronx Quarterly Brief These are the occupations advertised the most online in the Bronx this quarter. Organized by Typical Education Requirements % Total Ad. Volume for Borough NYC Annual Median Wage BACHELOR S DEGREE Registered Nurses Medical & Health Services Mgrs. Middle School Teachers Human Resources Specialists General & Operations Mgrs. 2.9% 1.4% 1.2% 0.9% 6.1% $85.0K $121.8K $80.3K $69.4K $127.5K ASSOCIATE DEGREE Preschool Teachers Physical Therapist Assts. Occupational Therapy Assts. Medical & Clinical Lab. Techs Radiologic Technologists 0.8% 0.3% $35.2K $56.8K $60.4K $46.2K $69.5K SOME COLLEGE OR POSTSEC CERT. Heavy Truck Drivers LPNs Bkpg & Accounting Clerks Nursing Assts. Health Information Techs 1.4% 1.3% 0.9% 0.6% 0. $47.0K $48.3K $44.0K $36.1K $44.4K HIGH SCHOOL DIPLOMA OR EQUIV. Sales Reps, Wholesale & Mfg. Customer Service Reps. Secys & Admin. Assts. Childcare Workers Security Guards 2.8% % 1.6% 1.6% $60.2K $37.7K $40.4K $26.5K $31.4K NO FORMAL EDUCATION Retail Salespersons Janitors & Cleaners Laborers & Material Movers Food Preparers & Servers Restaurant Cooks 2.1% 0.7% 0.6% 0.6% 0. $23.9K $30.8K $28.7K $22.7K $27.1K Sources NYCLMIS analysis of Labor Insights Burning Glass Technologies; Occupational Employment Statistics, 2018 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 15

8 Bronx Quarterly Brief Bronx Workforce Demographics 24% 20% 21% Of Working Residents are 29 Years of Age or Younger Of Working Residents have a Bachelor s Degree or Higher Of Working Residents Earn Up to $1,250/Month Resident Worker Age Distribution Resident Worker Education Distribution Under 30 24% 2 20% 1 18% 23% 20% 1 Age % Age 55 or older 56% 0% Less than high school High school or equiv. Some college or associate Bachelor's or greater 20% Resident Worker Income Distribution % Higher income (more than $3,333/m) 41% Middle income ($1,251 - $3,333/m) 21% Lower income ($1,250/m or less) Commuting Patterns 165.4K Work here Live outside 120.7K Live & work Here 367.4K Live here Work outside Source OnTheMap, U.S. Census Bureau, Center for Economic Studies. Focus on primary jobs. 16

9 Glossary Quarterly Brief Glossary Job This is a broad term used to describe positions filled by employers. Depending on the context, it may be used interchangeably with occupations. Labor Force This term includes people of working age who are either employed or are unemployed and actively job searching. 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. Online Job Ads Jobs posted online give a window into employers talent demands in real-time. There are some limitations to this data. Some employers and industries are better represented online than others, depending on how much they rely on the internet to recruit talent. Also, the ratio of online ads to actual job openings is not always 1:1. Some postings may include multiple openings while others may be searching for talent not connected to any one opening. Sector This term describes standardized broad groupings of employers by economic or commercial activity. Seasonal Adjustment This describes the removal of seasonal hiring variations (e.g., holidays, school schedules, agricultural patterns, etc.) to reveal underlying economic trends. This technique is helpful when evaluating data over several years. This report present data that are not seasonally adjusted in order to reveal times of the year that are more and less favorable for hiring. Skills in Demand These refer to the training and knowledge required to do perform a specific job. This information offers an indication of the type of work that is in-demand across sectors and occupations. It can also help jobseekers gauge their ability to compete in the labor market. Unemployment Rate (UR) This is the number of people who are unemployed and actively job searching 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. Questions about this report? Contact: Pam Hoberman phoberman@gc.cuny.edu A special thanks to NYCLMIS staff Kasey Zapatka, Jaclyn Kelly, Kathleen Flandrick, and Ronnie Kauder for their valuable contributions to this report. 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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