High-tech jobs in NYC near ’90s dot-com crash levels

thomas tom dinapoli
State Comptroller Tom DiNapoli released a report Monday that found tech jobs in New York City are growing about four times faster than any other industry.
Credit: NYS Comptroller Flickr

The tech field in New York City is growing about four times faster than any other industry, according to a report released Monday.

With more than 100,000 high-tech jobs — about 25,000 of which were added in late 2013 alone — the city hasn’t seen this many jobs in the industry since the 2001 dot-com crash.

State Comptroller Tom DiNapoli announced the report’s findings alongside Mayor Bill de Blasio at a local Manhattan start-up’s SoHo offices.

The report found that an employee in the high-tech industry on average made about $118,600 in 2012. Most New Yorkers, meanwhile, earned an average of about $79,500.

“The high-tech industry is creating well-paying jobs and diversifying the local economy, which is helping to reduce New York City’s economic dependence on Wall Street,” the report added.

The industry itself is also seeing some change. While many start-ups and firms have traditionally found homes in Manhattan’s Midtown South, DiNapoli said the industry has slowly been expanding into Lower Manhattan, Downtown Brooklyn and Long Island City.

Likewise, while this report only tracked jobs in the high-tech field, it recognizes that broader tech-related jobs — such as retail, media, broadcasting and health care — can add anywhere between 141,000 to 262,000 jobs to the city’s numbers.

De Blasio, who is expected to give his first tech-related address on May 19 at the opening session of Internet Week New York 2014, praised the report’s results.

“With every step, this sector becomes a better and better place to work,” he said at the press event.

Follow Chester Jesus Soria on Twitter @chestersoria



News
Entertainment
Sports
Lifestyle
National

Parched Texas town turns to sewage water to…

By Marice RichterDALLAS (Reuters) - When the going got tough due one of with worst droughts in a century, the parched Texas city of Wichita…

International

NYPD: Robber makes elderly man drive to Queens…

A robber grabbed an elderly man's neck outside a Queens supermarket, stole his wallet and made him drive to ATMs for withdrawals last week, police said.

Local

Manhunt on for armed bandits in $181,000 heist…

A manhunt was underway on Tuesday for masked bandits who reportedly stole roughly $181,000 in an armed robbery at Caesar's Atlantic City casino in New Jersey, police said.

Local

Tattooed, bearded suspect sought in Williamsburg bike theft:…

The suspected thief faces grand larceny charges after investigators said he entered the building on North 5th Street in Williamsburg.

Arts

PHOTO: Wildlife photographer Marc Mol captures amazing aerial…

This aerial image was taken by photographer Marc Mol who spotted the animals during an air safari in Zambia.

Arts

Theater: “Love and Human Remains” is like a…

"Love and Human Remains" is the worst show we've ever not walked out of.

Movies

Review: 'A Most Wanted Man' works better when…

In one of his last roles, Philip Seymour Hoffman headlines the John Le Carre adaptation of "A Most Wanted Man," about the pursuit of a Chechen refugee.

Television

TV watch list, Tuesday, July 22: 'Royal Pains,'…

Catch a new episode of "Royal Pains" where Hank has to help out a housesitter.

MLB

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead…

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead pack

NFL

2014 NFL season betting odds: Which team will…

2014 NFL season betting odds: Which team will win Super Bowl?

NFL

5 players to watch at Giants training camp

Metro takes a look at five players who will be on everyone’s mind when Giants training camp gets underway.

NFL

'Vicktory dogs' travel road to rehabilitation seven years…

Of the dozens of dogs groomed by Bad Newz Kennels, 48 were rescued and 22 of the pit bull terriers have emerged at Best Friends Animal Society.

Home

5 New Ikea products that will change your…

We round-up the latest must-have products.

Food

Recipe: Wolfgang Puck's Buttermilk French Toast

We recently spent some time chatting with restauranteur/celebrity chef Wolfgang Puck at his Wolfgang Puck American Grille in the Borgata in Atlantic City. Puck wanted…

Style

Go retro with your sneakers

The best of wacky new sneakers.

Parenting

Buy gently worn back-to-school clothes with Kidizen

Kidizen allows parents to buy and sell gently worn back-to-school clothes.