All About the New York City NY Job Market New York City: the biggest city in the United States, center of finance, commerce, and fashion, and a great source of jobs. NYC is a cultural hub: in 2005, 170 languages were spoken there and 36% of the population was born outside the United States. New York city is composed of five boroughs: The Bronx, Brooklyn, Manhattan, Queens, and Staten Island. All of these boroughs, with the exception of Staten Island, have a population over one million. Brooklyn and Queens top the charts with over two million residents each.
NYC is one of the three ‘command centers’ of the world economy along with London and Tokyo. 44 Fortune 500 companies have their headquarters in the Big Apple. The job market is looking pretty positive in New York City. A news release by the Bureau of Labor Statistics stated that the average weekly wage in Manhattan climbed 16.7% to $2,821 in the first quarter of 2007. In addition, the Bronx’s wage increase was 5.1%, which matched the national increase. The release states, “From March a year ago, all but one of the five counties comprising New York City had employment growth above the national rate of 1.4 percent. Richmond County had the largest employment increase, 3.2 percent, followed by Manhattan (2.3 percent), Queens (2.1 percent), and Kings County (1.9 percent). Employment in the Bronx declined over the 12-month period, -0.6 percent.” This is great news for those seeking jobs in New York City.

New York City is home to industry diversity. According to the NYCEDC (New York City Economic Development Corporation), the industries showing the most job growth from May 2007 to May 2008 are:

Funds, Trusts, and Other Financial Vehicles: + 12.3%
Clothing and Clothing Accessories Stores + 7.8%
Architectural, Engineering, and Related Services : + 6.7%

Industries showing job losses are:

Apparel Manufacturing -14.0%
U.S. Postal Service: -6.3%
Scientific Research and Development Services -5.8%

An article from the daily news included this quote from SnagAJob.com’s CEO Shawn Boyer: "In New York, the pros are that there are so many businesses. The downside is there is tougher competition than last year. You need to do things differently." Snag a New York City job with NYCityWorks.com.

Labels: job market, new york

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