New York on track to have most jobs in city’s history
By the time Mayor Michael Bloomberg steps down Jan. 1, the city will have 4 million total jobs for the first time in history.
“More New Yorkers have private sector jobs than ever before. And the best days for our city are still ahead,” Bloomberg said at St. George Ferry Terminal Thursday, the third stop on his all-borough farewell tour.
Since the end of 2001 as Bloomberg took office to October 2013, more than 406,000 private sector jobs have been add, a 13 percent increase, officials said.
Most of the city’s job growth has been outside of Manhattan.
“We’re creating a more economically diverse New York, freeing the city’s economy from the steep ups and downs of the Wall Street boom and bust cycle,” the mayor said.
Job growth has also generally been the strongest in low-wage industries, according to the Independent Budget Office.
“The argument would be that any job, even a low-wage job, is a starter job…That those jobs, even if they are low wages, give you a stepping stone to a higher-wage job,” Bloomberg said.
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