quarterly BOROUGH LABOR MARKET BRIEF JANUARY 2017
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1 quarterly BOROUGH LABOR MARKET BRIEF JANUARY 2017 INDUSTRIES, JOBS, EMPLOYMENT, AND DEMOGRAPHIC TRENDS NYC AND THE FIVE BOROUGHS: brooklyn, bronx, manhattan, queens, staten island Contents 1 NYC OVERVIEW 13 BROOKLYN 20 BRONX 27 MANHATTAN 34 QUEENS 41 STATEN ISLAND 48 ABOUT US About this report This quarterly report 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 with the generous support of The NYC Workforce Funders and The New York Community Trust. NYC OVERVIEW jobs by borough (IN1000S) Source: NYCLMIS analysis of the Quarterly Census of Employment and Wages, developed through a cooperative program between the State of New York and the U. S. Bureau of Labor Statistics.
2 NYC 2 EMPLOYMENT JANUARY % Unemployment Rate November 2015-November % 5.5% 5.0% 4.5% 4.0% 3.5% 5.2% 4.8% 5.6% 5.0% 4.7% US NYS NYC Source: US Data: Bureau of Labor Statistics. Current Population Survey, 2015 and Not seasonally adjusted. Source, NYS and NYC Data: Bureau of Labor Statistics. Local Area Unemployment Statistics, 2015 and Not seasonally adjusted. ACROSS NEW YORK City, 214,900 people were unemployed in November 2016, down 3,000 from this time last year. The citywide unemployment rate in November 2015 is the same as this year 5.2 percent. THE CITYWIDE, NOT sesaonably adjusted, unemployment rate fell by 0.4 percentage points between October and November 2016 from 5.6 percent to 5.2 percent. Last year the rate increased by 0.1 percentage points between October and November.
3 3 NYC While the Bronx has the highest unemployment rate of the five boroughs (7.1 percent), the greatest number of unemployed New Yorkers (71,000) live in Brooklyn. Source: NYS Department of Labor Local Area Unemployment Statistics Program (LAUS), Not seasonally adjusted.
4 NYC 4 Hispanics and Blacks have the highest share of unemployment among all working age New Yorkers (age 16 and older) as well as among working age youth (ages 16-19). Note: Overall unemployment includes ages 16 and over. Youth unemployment includes individuals aged Note: Data for Asians unavailable. Source: U.S. Bureau of Labor Statistics, November October 2016 (based on CPS).
5 5 NYC NEW YORKERS WITH a high school degree have the higest unemployment at 6.2%, followed by those with less than a high school diploma. Note: Overall unemployment includes ages 16 and over. Source: U.S. Bureau of Labor Statistics, November October 2016 (based on CPS).
6 NYC 6 BLACK NEW YORKERS have the lowest labor force participation. Amongst women, Hispanics have the lowest participation. Labor force participants include those who are employed and unemployed and were actively looking for work during the last 4 weeks. Source: U.S. Bureau of Labor Statistics, November October 2016 (based on CPS). top REASONS FOR NON-PARTICIPATION IN THE LABOR FORCE Women 16+ Men 16+ Young adults aged Older adults aged 55+ Can t find work Can t find work Can t find work Health problems Family responsibilities Believe no work available In school or training Family responsibilities Source: NYCLMIS analysis of the Census Bureau s Current Population Survey Public Use Microdata, 2005 and 2015.
7 7 NYC INDUSTRIES JANUARY 2017 Top Six Largest Sectors in NYC Employment (in 1,000s) 678 Health Care and Social Assistance 62% of jobs belong to NYC s six largest sectors. 559 Government 410 Professional, Scientific, Tech 360 Accommodation and Food Services 348 Retail Trade 333 Finance Note: Not seasonally adjusted for seasonal patterns that may emerge in certain industries. Source: NYCLMIS analysis of New York State Department of Labor Current Employment Statistics, October Icons source: icons8.com
8 NYC 8 sector losses and gains Note: Not seasonally adjusted for seasonal patterns that may emerge in certain industries. Source: NYCLMIS analysis of New York State Department of Labor Current Employment Statistics, November SINCE NOVEMBER 2015, the Health Care and Social Assistance sector added the most jobs (19,000). 2OTHER SECTORS EXPERIENCING gains include Other Services and Accommodation and Food Services, adding 7,000 jobs. 3 FINANCE AND INSURANCE experienced the biggest job loss between November 2015 and November 2016, shedding close to 6,000 jobs.
9 9 NYC REAL-TIME JOB ADS JANUARY 2017 jpmorgan chase: top occupations advertised 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. Source: NYCLMIS analysis of Labor Insight Real-Time Market Data Burning Glass Technologies. 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.
10 NYC 10 EIGHTEEN OUT OF the 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. Note: Secretaries and Administrative Assistants do not include Legal, Medical, and Executive secretaries. top skills in demand Employability Software Specialized Communication Skills Microsoft Excel Customer Service Writing Microsoft Office Supervision Organizational Skills Microsoft PowerPoint Scheduling Team Work/Collaboration Microsoft Word Sales Planning SQL Budgeting Source: NYCLMIS analysis of Labor Insight Real-Time Market Data Burning Glass Technologies.
11 11 NYC OCCUPATIONS JANUARY 2017 Note: Median wage from the Occupational Employment Statistics (OES) survey, which collects information from approximately 52,000 businesses. Data were collected in 2012, 2013, 2014 and 2015 and then updated to the first quarter of 2016 by making cost-of-living adjustments. Source for projections and wages: New York State Department of Labor, Division of Research & Statistics. Source for typical education: 2012 and 2013 American Community Survey Public Use Microdata, U.S. Department of Commerce, U.S. Census Bureau. TWELVE OF THE 20 occupations are typically held by individuals with a high school degree or its equivalent.
12 NYC 12 occupations by education Source for projections and wages: New York State Department of Labor, Division of Research & Statistics. Source for typical education: 2012 and 2013 American Community Survey Public Use Microdata, U.S. Department of Commerce, U.S. Census Bureau. 1 2NONE 3ONLY 4ALL ONLY ONE OF the fastest growing jobs for those with less than a high school degree or its equivalent pays more than the citywide median cleaners of vehicles and equipment. OF THE fastest growing jobs for those with a high school degree or its equivalent pay at or more than the citywide median. ONE OF the fastest growing jobs for those with some college pays at or more than the median - line supervisors of office and administrative support workers. OF THE fastest growing jobs for those with a bachelor s degree or higher pay at or above the citywide median.
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