City of New York Again Reaches All-Time High Job Totals

The City of New York today announced that based on an analysis of seasonally adjusted job numbers for February 2016 provided by the New York State Department of Labor, New York City added 4,500 jobs in February, reaching a record total of just below 4.3 million jobs across all five boroughs.  Since Mayor de Blasio took office in January of 2014, New York City has added 256,700 private sector jobs, an increase of 7.4 percent.

Since Mayor de Blasio took office, the strongest employment gains are in Health Care & Social Assistance, with growth of nearly 48,000 jobs, and Professional, Scientific, & Technical Services, with growth of over 38,000 jobs.

“We continue to see an impressive jobs return on smart investments we’re making in the city’s fastest growing sectors that will provide New Yorkers throughout the five boroughs with jobs for decades to come,” said Deputy Mayor for Housing and Economic Development Alicia Glen.

“The numbers don’t lie: over last two years, we’ve seen the largest number of jobs in the history of our City,” said NYCEDC President Maria Torres-Springer. “It’s five-borough employment growth that tells us we’re on the right track toward a productive, innovative, and equitable City. But we’re not stopping here. We’re looking forward to getting more New Yorkers access to good-paying, career-building jobs in the years ahead.”

Under the de Blasio administration, New York City has also seen a dramatic increase in the growth of jobs in neighborhoods outside of Manhattan. According to the most recent available data, the number of private sector jobs in boroughs outside of Manhattan increased by 6.4 percent since Mayor de Blasio took office, more than double the rate of the 2.9 percent increase in Manhattan, and significantly higher than the 4.7 percent increase in a comparable timeframe from 2011 to 2013 in the outer boroughs, demonstrating increased economic opportunity for many New Yorkers in neighborhoods that had been previously left behind.

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Mayor de Blasio has been particularly focused on creating good middle class jobs that are accessible to New Yorkers from all backgrounds. The Mayor recently announced a suite of initiatives that will grow the city’s industrial and manufacturing economy, including the $150 million NYC Industrial Developer Fund, launched earlier this month, which will help create new space for the next generation of industrial jobs. Last week, Mayor de Blasio announced the 2017 launch of Citywide Ferry Service, which will connect New Yorkers in neighborhoods from Soundview to the Rockaways with good job opportunities in all five boroughs.  Earlier today, the de Blasio administration announced a major expansion of initiatives to support minority and women-owned developers and contractors, including a $10 million loan fund that will allow for real estate development and job creation.

New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.


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