NYC Quarterly Labor Market Brief

Transcription

1 New York City 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 New York City Quarterly Brief Labor Market Highlights 4.2% 4.5M 151.7K Unemployment Jobs Citywide Job Ads Posted Online (Jan Mar) NEW YORK CITY New York City Labor Market Information Service 3

4 New York City Quarterly Brief New York City Unemployment 4.2% K Citywide Unemployment Rate (UR) Percentage Point Decline in the UR Mar More Residents Found Jobs Over the Number Who Entered the Labor Force Mar NYC Unemployment Rate by Borough Mar NEW YORK CITY 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% Mar-17 Jun-17 Sep-17 Dec-17 Mar % 4.2% Change over-the-year (in percentage points) -0.2 Labor Force & Employment Change Mar K 16.0K 14.0K 12.0K 10.0K 8.0K 6.0K 4.0K 2.0K 5.5K 15.6K BRONX 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% 6.1% 5.8% more people entered the labor force more people gained employment QUEENS MANHATTAN BROOKLYN 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% 4.5% 3.9% 3.9% 4.3% 3.7% 3.7% NYC Unemployment Rate Compared to New York State and US 0% 1% 2% 3% 4% 5% 6% New York City New York State 4.2% 4.8% STATEN ISLAND 6.1% 5.6% 5.1% 4.6% 4.1% 3.6% 4.5% 4.1% -0.4 US 4.1% Sources NYC & NYS data: Local Area Unemployment Statistics, New York State Department of Labor. Not seasonally adjusted. US data: Bureau of Labor Statistics, Current Population Survey. Not seasonally adjusted. 4

5 New York City Quarterly Brief New York City Employment 74.6K +1.9% 88.0% Net Gains in Private Jobs Mar 2017 Private Job Growth Mar 2017 Of All NYC Jobs are in the Private Sector Job Gains & Losses by Sector Mar K 11K 6K 6K 5K 4K 3K 3K 2K 2K 2K 1K K -2K -2K Health care & social assistance Staffing agencies & waste mgmt. Construction & mining Retail trade Professional scientific & technical svcs. Finance & insurance Arts entertainment & recreation Real estate rental & leasing Information Wholesale trade Educational services Other services Company headquarters Utilities Accommodation & food services Manufacturing Transportation & W\warehousing Government Private Sector Growth by Location Mar (in percentage points) New York City New York State U.S. Share of jobs in NYC economy that are goods producing v. service providing 5% 95% 88% Jobs in goods producing sectors Jobs in service providing sectors Of all NYC jobs are in the private sector Source NYCLMIS analysis of Current Employment Estimates, New York State Department of Labor. Data not seasonally adjusted. New York City Labor Market Information Service 5

6 New York City Quarterly Brief Number of New York City Jobs by Sector 737.7K K 200.0K 300.0K 400.0K 500.0K 600.0K 700.0K 800.0K 900.0K Health Care & Social Assistance Government 419.7K Professional Scientific & Technical Services Accommodation & food svcs. Retail Trade Finance & insurance Educational Services 266.3K 257.1K 355.7K 349.6K 337.1K Staffing agencies & waste mgmt. services Information Other services 197.0K 191.0K 151.7K Construction & mining Wholesale trade 145.7K 133.3K Real estate rental & leasing 120.8K Transportation & warehousing 15.7K 89.5K Arts entertainment & recreation 72.5K Manufacturing 71.7K Company headquarters Utilities 551.2K In March 2018, there were 4.5 million NYC jobs About 3 in 5 jobs were concentrated in these 6 Largest Sectors: 17% 12% Health Care Professional services Retail trade Government 9% 8% Accommodation & food services 8% 8% Finance & insurance Source NYCLMIS analysis of Current Employment Estimates, New York State Department of Labor. Data not seasonally adjusted. 6

7 . New York City Quarterly Brief New York City Online Job Ads 151.7K 11% 44% Job Ads 1 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 Online Ads by Borough 85% 6% 4% Manhattan Brooklyn Queens 3% 1% Online Ad Volume by month Feb 2018 Jan K 46.1K 61.3K 14000% 28000% 42000% 56000% 0% 70000% 84000% % 98000% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Bronx Staten Island Top Job Titles Advertised Online by Employers Seeking Candidates with Less Than Bachelor s Security Officer Administrative Assistant Teller Sales Associate Customer Service Representative Receptionist Intern Sales Representative Executive Assistant Medical Assistant 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. New York City Labor Market Information Service 7

8 New York City Quarterly Brief 8 Source NYCLMIS analysis of Labor Insights Burning Glass Technologies. Most Requested Specialized Skills in Online Job Ads (Jan Mar) Employers Who Posted the Most Online Ads Seeking Candidates with Less than Bachelor s 852 NYU Langone Health 429 Allied Universal Security Systems 306 NY-Presbyterian Hospital 170 Northwell 149 Memorial Sloan Kettering Cancer 131 TD Bank 125 JP Morgan Chase Company 116 Family Dollar Stores Inc. 111 Citi 111 Columbia University Most Requested Certifications in Online Job Ads 17.0K 16.3K 16.2K 15.0K 14.5K 10.0K 8.0K 8.0K 7.7K 7.3K Project Management Budgeting Customer Service Sales Scheduling SQL Customer Contact Java Staff Management Accounting High school 8% Some college/ associate 3% Bachelor's 39% Advanced 5% Not specified 45% Advertised Education Requirements 4.5K 3.6K 2.1K 1.4K 1.3K Driver's License Registered Nurse Certified Public Accountant (CPA) General Project Management Certification Advanced Cardiac Life Support (ACLS) IT Infrastructure Library (ITIL) Certification Series 7 Project Management Professional (PMP) Board Certified/Board Eligible (Physician) Nurse Practitioner

9 New York City Quarterly Brief Occupations Advertised the Most Online in NYC by Education Level K 1.1K 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 17.7K 17.8K 17.9K 18.0K 18.1K 18.2K 18.3K 18.4K 18.5K 18.6K 18.7K 18.8K 18.9K 19.0K 19.1K 19.2K 19.3K 19.4K 19.5K 19.6K 19.7K 19.8K 19.9K 20.0K # Job ads online NYC annual median wage Web developers Paralegals & legal assistants Preschool teachers Medical & clinical lab techs Human resource assistants ASSOCIATE DEGREE K $80.4K $58.7K $43.9K $52.8K $44.5K Tech support specialists Bookkeeping & accounting clerks Heavy truck drivers Health information technicians LPNs SOME COLLEGE OR POSTSECONDARY CERTIFICATE 1.4K 1.2K $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 2.3K 2.0K 1.5K 1.2K 5.5K $61.2K $42.7K $39.8K $48.4K $74.7K Retail salespeople Food prep workers & servers Restaurant cooks Maids & housekeeping cleaners Janitors & cleaners NO FORMAL EQUCATION REQUIRED K $21.8K $21.8K $28.0K $40.4K $34.4K 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 9

10 New York City Quarterly Brief New York City Workforce Demographics 23% 28% 18% 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 Age % 56% 30% 25% 20% 15% 10% 11% 16% 22% 28% 5% Age 55 or older 21% 0% Less than high school High school or equiv. Some college or associate Bachelor's or greater Resident Worker Income Distribution M 51% Higher income (more than $3,333/m) 32% Middle income ($1,251 - $3,333/m) 18% Lower income ($1,250/m or less) Commuting Patterns Work here Live outside 2.8M Live & work Here 485.6K Live here Work outside Source OnTheMap, U.S. Census Bureau, Center for Economic Studies. Focus on primary jobs. 10

11 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

12 Staten Island Quarterly Brief NEW YORK CITY LABOR MARKET INFORMATION SERVICE CUNY GRADUATE CENTER 365 FIFTH AVENUE, ROOM 6202 NEW YORK, NY