Residents in the outer boroughs don’t have to look far to access good jobs, as the job growth in those areas have more than doubled compared to Manhattan in the last two years, according to a recent report.
The New York City Economic Development Corporation (NYCEDC) announced on Monday that since Mayor Bill de Blasio took office in 2013, the boroughs outside of Manhattan have seen a larger increase in job than in previous years.
From December 2013 to June 2015, the number of private sector jobs have increased by 6.4 percent in the outer boroughs – more than double of the 2.9 percent increased in Manhattan. The number is also higher than the 4.7 percent increased between 2011 and 2013.
“What we're seeing is the result of Mayor de Blasio's focus on growing jobs in every borough,” said NYCEDC President Maria Torres-Springer. “More and more New Yorkers are able to access good jobs right in their own neighborhoods. And as we continue to invest in industries like technology and manufacturing, we expect to see this trend continue.”
The borough which saw the largest employment growth in the 18-month time frame was Brooklyn with 7.7 percent, compared to a 4.3 percent increase between December 2011 and June 2013.
The growth in the outer boroughs are credited to areas such as health care and social assistance; professional, scientific and technical services; and accommodation and food services. These sectors are reported to be the largest growing ones since December 2013.
In total, jobs within all the five boroughs have increase by 4.3 percent in the same time frame — getting to an all-time high of 4.24 millions jobs by this winter. New York City’s unemployment rated has also gone down to 5.0 percent.