NYCEDC Announces 6.4 Percent Job Growth in Boroughs Outside Manhattan Since Mayor de Blasio Has Taken Office
Outer Borough Job Growth Far Outpaces Previous Two Years
Jobs Outside of Manhattan Have Grown at Twice the Rate of Those Within
NEW YORK, NY—New York City Economic Development Corporation (NYCEDC) today announced that since Mayor de Blasio has taken office, boroughs outside of Manhattan have added jobs at a significantly higher rate than in previous years. During the first 18 months of the de Blasio Administration, the number of private sector jobs in boroughs outside of Manhattan increased by 6.4 percent, more than double the rate of the 2.9 percent increase in Manhattan, and significantly higher than the 4.7 percent increase in a comparable timeframe from 2011 to 2013 in the outer boroughs, demonstrating increased economic opportunity for many New Yorkers in neighborhoods that had been previously left behind. These findings were the result of an analysis done by NYCEDC based on recently released job data through June 2015, the most recent period for which borough specific job numbers are available.
“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.”
Growth in boroughs outside of Manhattan can be attributed in part to gains in Health Care & Social Assistance, Professional, Scientific, & Technical Services, and Accommodation & Food Services, the largest growing sectors since December 2013. The de Blasio administration has done much to support these sectors, including the launch of the $150 million NYC Early Stage Life Sciences Funding Initiative, the creation of the first ever all-inclusive online hub for the City's tech ecosystem, Digital.NYC, and the Food Business Pathways program, providing NYCHA residents with the tools and knowledge needed to start a food business. With the administration’s support of well-paying sectors, average wages since Mayor de Blasio took office have increased $78 per week, providing economic mobility for New Yorkers across all five boroughs.
Overall, total jobs within all five boroughs have increased by 4.3 percent since Mayor de Blasio took office, reaching an all-time high of 4.24 million this winter. The unemployment rate in New York City is 5.0 percent, down 3.1 percentage points since Mayor de Blasio took office.
New York City Economic Development Corporation creates shared prosperity across New York City’s five boroughs by strengthening neighborhoods and creating good jobs. NYCEDC works with and for communities to provide them with the resources they need to thrive, and we invest in projects that increase sustainability, support job growth, develop talent, and spark innovation to strengthen the City’s competitive advantage. To learn more about our work and initiatives, please visit us on Facebook, Twitter, or Instagram.