As large investments are being made throughout the city in industries such as technology and manufacturing, officials have announced that job growth has hit an all-time high in the Big Apple.
Based on a New York State Department of Labor analysis of seasonally adjusted job numbers for January 2016, New York City has reached a record of 4.29 million jobs, according to the New York City Economic Development Corporation.
The analysis also added that from January 2014 through December 2015 the average number of jobs added was 249,000 — the largest two-year job gain in the city’s history.
“The incredible growth we’re seeing shows we can make our economy stronger and more fair at the same time,” said Alicia Glen, Deputy Mayor for Housing and Economic Development. “We’re making strategic investments in fast-growing fields with good-paying jobs and real career pathways for New Yorkers.”
This January, New York City added 35,400 private sector jobs, with the largest growth in the educational services field, according to the data.
During the past 12 months ending in this January, the city gained 107,000 jobs, an increase of 3.0 percent — compared to the national growth rate of 2.2 percent. The strongest gains since December 2013 are in health care and social assistance, and professional, scientific, and technical services.
The city’s unemployment rate is also down nearly three percentage points since January 2014.
In December, the city announced it had reached a record high of 4.24 million jobs — the highest number in city history at the time. Between October and November 2015, the city added 12,600 private sector jobs.
“These numbers reflect what we’re seeing on the ground. More businesses launching and growing here in New York City. More New Yorkers finding good jobs in all five boroughs,” said Maria Torres-Springer, president of the New York City Economic Development Corporation. “And with the de Blasio administration making major investments in industries like technology, design, and advanced manufacturing, we’re primed for even greater job growth in neighborhoods throughout the city.”