New York: Gainful Employment

employmentGetting a job in New York might just be becoming a little easier. According to 2015 reports, there has been a significant increase in private sector jobs in the state of New York; the US Department of Labor’s Bureau of Labor Statistics said that it actually broke records. Indeed, even though the job count increase was a mere 0.2 percent (resulting in an addition of 13,200 jobs), this was a record high for the state. It puts 7,880,000 people in jobs there. And, further this was indicative of an “upward trend.”

Of the regions in the state of New York, New York City encountered the highest growth (an addition of 2.3 percent), followed closely by Orange-Rockland-Westchester (at 2.1 percent). However, year-on-year three metro areas lost private sector jobs (Binghamton Dutchess-Putnam and Ithaca).

To elucidate this phenomenon, according to Greg David, in an article in Crain’s:

“New York City added 100,500 jobs in 2015 (using the annual average of nonfarm employment), the second consecutive year the city has generated six-figure employment gains, after 120,700 jobs were added in 2014. This is important because it is the first time that has happened since reliable statistics began being collected. Halfway through the new mayor’s term, it is time to call the expansion that began in 2010 the ‘Bloomberg-de Blasio Boom.’”

Some of these job expansions have come due to the escalating tourism industry. In 2015, a staggering 13,000 new jobs were created in New York City in response to the tourism boom.