Q4 2018

NYC Quarterly Labor Market Brief Employment and labor force highlights in New York City and its five boroughs

This brief was prepared for the New York City Workforce Funders by NYCLMIS • CUNY Graduate Center • New York, NY • www.gc.cuny.edu/lmis • nyclmis@gc.cuny.edu • 212.817.2031

New York City

New York City | Quarterly Brief | Q4 2018

2 |

In This Issue Contents

NEW YORK CITY ................................... 3

THE BRONX ......................................... 11

BROOKLYN .......................................... 17

MANHATTAN ...................................... 23

QUEENS ............................................... 29

STATEN ISLAND.................................. 35

GLOSSARY ........................................... 41

About This quarterly report provides education and workforce development professionals with timely data about jobs, industries, in-demand skills, and workers in NYC and its five boroughs. This report is made possible with the generous support of the New York City Workforce Funders. The Center for Urban Research (CUR) at the CUNY Graduate Center undertakes basic research addressing the issues facing New York and other large cities. A common thread in CUR activities is to understand the broad forces shaping patterns of inequality, inter-group relations, and neighborhood life in large urban areas and how these trends influence and are influenced by political participation, civic engagement, and the role of government. CUR has three operating units: the CUNY Data Service, the CUNY Mapping Service, and the New York City Labor Market Information Service (NYCLMIS). The NYCLMIS at the City University of New York Graduate Center is the only outfit in New York City fully dedicated to collecting, analyzing, and applying labor market intelligence to strengthen the labor market. We are a CUNY-affiliated labor market research and consulting nonprofit. We are dedicated to rigor, close collaboration, and contributing to a healthy economy. We help organizations, institutions, and programs who share these values to harness labor market information for maximum impact.

New York City | Quarterly Brief | Q4 2018

New York City Labor Market Information Service | 3

Labor Market Highlights

3.9% 4.6M 211.1K Unemployment

Dec 2018 Jobs Citywide

Dec 2018 Job Ads Posted Online Q4 2018 (Oct - Dec)

NEW YORK CITY

New York City | Quarterly Brief Q4 2018

4 |

New York City Unemployment 3.9% -0.1 -0.1

Citywide Unemployment Rate (UR)

Dec 2018

Percentage Point Decline in the UR

Dec 2017 - Dec 2018

Percentage Point Decline in the UR

Sep 2018 - Dec 2018

Year-over-year (YOY) and over-the-quarter, the unemployment rate (UR) showed little change. Each borough follows a similar trajectory. Unemployment Rate for the City and Each Borough Dec 2017- Dec 2018

The UR held steady YOY as employment gains matched new entrants to the labor force. The UR changed little over-the-quarter due to a shrinking labor force & a decline in employment. Unemployment in the Labor Force

UR = Total Unemployed (U) / Labor Force (LF) LF = Total Employed (E) + Total Unemployed (U)

The citywide jobless rate lagged slightly behind the state and nation. NYC UR Compared to New York State and US Dec 2018

NYC4.0% NYC

3.9%

Bronx

Brooklyn

ManhattanQueens

Staten Island

2.5%

3.5%

4.5%

5.5%

6.5%

Dec-18 LF165.9 169.2 165.9

3.8K

4.0K

4.2K

4.4K

Dec-17 Sep-18 Dec-18

Labo

r For

ce

Employment Unemployment

New York City

New York State

US

3.9%3.8%

3.7%

0% 1% 2% 3% 4% 5% 6%

Sources | NYC & NYS data: Local Area Unemployment Statistics (LAUS), New York State Department of Labor. Not seasonally adjusted. US data: Bureau of Labor Statistics, Current Population Survey (CPS). Not seasonally adjusted. See the Glossary on page 41 for details on seasonal adjustment. Note: LAUS data are calculated using a model that includes monthly surveys of households and monthly surveys of businesses. The model also takes into account unemployment insurance claims. Employment counts reported by LAUS are not directly comparable to employment counts from the Current Employment Series survey.

New York City | Quarterly Brief | Q4 2018

New York City Labor Market Information Service | 5

Sources | NYCLMIS analysis of Current Employment Estimates, New York State Department of Labor and US Bureau of Labor Statistics. Data not seasonally adjusted. See the Glossary on page 41 for details on seasonal adjustment. Note: CES data are informed by surveys of employers. They reflect jobs by “place of work. This means CES counts jobs located in NYC, including NYC-based jobs held by people who live outside it. CES counts jobs regardless of the number of hours worked. People who hold more than one job in NYC may be counted more than once in this estimate.

New York City Employment 4.6M 71.0K +1.8%

Total Nonfarm Jobs

Dec 2017 – Dec 2018

Net Gains in Private Jobs

Dec 2017 – Dec 2018

Private Job Growth

Dec 2017 – Dec 2018

There are roughly 4.6M jobs in New York City. Total employment grew by +71.0K jobs (+1.5%) over-the-year. With few exceptions, the city’s largest sectors added the most jobs to their payrolls. Government employment held steady. Arts, Entertainment and Recreation, the City’s 15th largest sector, experienced rapid job growth. It ranked fourth in job creation. Sector Job Counts and Gains & Losses Dec 2018 – Dec 2018

NYC outpaces the state, but not the nation, in private-sector job growth. Private Sector Growth by Location Dec 2017 - Dec 2018

(in percentage points)

In Dec 2018, there were 4.6 Million NYC Jobs.

About 3 in 5 Jobs

Were in these 6 Largest Sectors:

Health Care Government Professional services

Accommodation & food services

Retail trade Finance & insurance

Sector

Health Care & Social Assistance

Government

Prof., Scientific & Tech. Svcs.

Accommodation & Food Svcs.

Retail Trade

Finance & Insurance

Educational Services

Temporary Help & Waste Svcs.

Other Services

Information

Construction & Mining

Wholesale Trade

Real Estate Rental & Leasing

Transportation & Warehousing

Arts Entertainment & Rec.

Company Headquarters

Manufacturing

Utilities

Sector Job Count

772.4K

556.3K

432.4K

373.0K

369.7K

339.0K

267.7K

258.9K

199.2K

197.3K

158.6K

145.6K

134.7K

130.7K

93.4K

74.7K

72.5K

15.5K

12 month change

+35K jobs (+4.5%)

0 jobs (no change)

+7K jobs (+1.5%)

+6K jobs (+1.5%)

+3K jobs (+0.9%)

+200 jobs (+0.1% )

+7K jobs (+2.7%)

+2K jobs (+0.6%)

+5K jobs (+2.6%)

-2K jobs (-1.1%)

+3K jobs (+1.8%)

-2K jobs (-1.2%)

-1K jobs (-0.9%)

+2K jobs (+1.5%)

+6K jobs (+6.7%)

+700 jobs (+0.9% )

+100 jobs (+0.1% )

-100 jobs (-0.6% )

0 500.0K 1.0M 1.5M 2.0M 2.5M 3.0M 3.5M 4.0M 4.5M

1.8 1.5 2.0

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

New York City New York State U.S.

17% 12% 9%

8% 8% 7%

New York City | Quarterly Brief Q4 2018

6 |

Source | NYCLMIS analysis of Labor Insights by Burning Glass Technologies. This is a tool that scrapes, stores, organizes, and analyzes job announcements posted online. Note: This analysis highlights the distribution among selected measures of all jobs advertised for this borough that were posted online during the reference period. Online job ads are used as a proxy for employer demand in real-time. They are not considered a reliable estimate of actual job openings. See the Glossary on p. 41 for details.

New York City Online Job Ads 211.1K 12% 42%

Job Ads1 Posted Online

Q4 2018 (Oct - Dec)

Of Online Job Ads Explicitly Sought Candidates with Less Than a Bachelor’s Degree

Q4 2018

Of Online Job Ads Explicitly Sought Candidates with Bachelor’s Degrees or Higher

Q4 2018

Most jobs advertised online were based in Manhattan. Online Ads by Borough Q4 2018

Manhattan Brooklyn Queens

Bronx Staten Island

.

In this period, monthly ad volume peaked in Oct. Distribution of Online Ads Q4 2018 by month

Employers may face hiring difficulty for these in-demand occupations, all of which deal with sensitive matters involving patients, clients, or staff. These are the 10 occupations advertised the most online in NYC that take the longest to fill, ranked by Ad Volume, with Days to Fill and Salary Estimates Q4 2018

86% 6% 4%

3% 1%OCT 2018

NOV 2018

DEC 2018

36%

32%

32%

0%

Days to Fill

62624044404566444437

OccupationPhysicianNanny / BabysitterOffice ManagerFamily / School / General Social WorkerAdministrative ManagerMental Health / Behavioral CounselorTax ManagerSocial / Human Services ManagerCaregiver / Personal Care AideSocial / Human Service Assistant

# Ads

3.0K975815698452386374349348318

Ann. Salary

$115.8K$42.2K$61.2K$56.6K$88.1K$46.9K$123.4K$54.6K$40.6K$44.3K

0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1

New York City | Quarterly Brief | Q4 2018

New York City Labor Market Information Service | 7

Source | NYCLMIS analysis of Labor Insights Burning Glass Technologies.

Interpersonal, administrative, business, and tech-related skills ranked among the top 10 skills employers mentioned the most. Share of Total Online Ads Q4 2018 (Oct - Dec)

A majority of ads that specified education preferences sought candidates with a bachelor’s degree. Share of Total Online Ads Q4 2018

Large employers in health, education, professional services, and hospitality ranked among the top 10 who posted the most ads. Share of Total Online Ads Q4 2018

Only 14% of ads specified certifications. Health, business, IT, and other professional certifications ranked among the top 10 online job ad mentions.1 Share of Total Online Ads Q4 2018

Certification % Total Ads

Registered Nurse 1.7%

Certified Public Accountant (CPA) 1.5%

Project Management Certification 1.0%

Project Management Professional (PMP) 0.6%

First Aid CPR AED 0.6%

IT Infrastructure Library (ITIL) Certification 0.6%

Series 7 0.5%

Board Certified/Board Eligible 0.5%

Advanced Cardiac Life Support (ACLS) Certification 0.5%

Basic Cardiac Life Support Certification 0.5%

1 Excludes driver’s licenses from results.

High school10% Some college/

associate2%

Bachelor's37%

Advanced5%

Not specified47% Advertised

Education Requirements

Q4 2018

n = 211,106

1.1%

0.9%

0.6%

0.5%

0.5%

0.5%

0.3%

0.3%

0.3%

0.3%

NewYork-Presbyterian Hospital

JP Morgan Chase Company

The Goldman Sachs Group, Inc.

NYU Langone Medical Center

Deloitte

Columbia University

Morgan Stanley

Citi

Amazon

Northwell Health

0.0% 1.5%

n = 211,106

11.8%

10.6%

9.9%

9.9%

9.9%

6.3%

5.4%

4.8%

4.7%

4.7%

Customer Service

Project Management

Scheduling

Sales

Budgeting

SQL

Customer Contact

Java

Python

Social Media

0.0% 15.0%

n = 211,106

n = 211,106

New York City | Quarterly Brief Q4 2018

8 |

Sources | NYCLMIS analysis of Labor Insights Burning Glass Technologies; Occupational Employment Statistics (OES), 2018 Q1, New York State Department of Labor. Educational requirements are based on household survey data collected by the US Bureau Labor of Statistics. Note: Occupational wage estimates from OES are informed by rolling surveys of employers in New York City that were collected over a three year period and updated to 2018 Q1.

Out of 211K total jobs advertised online this quarter for New York City, these were the five most common occupations for each of the following education categories. Organized by Typical Education Requirements Q4 2018

% Total Ad. Volume for City NYC Annual Median Wage

BACH

ELO

R’S

DEG

REE

ASSO

CIAT

E D

EGRE

E

SOM

E CO

LLEG

E O

R PO

STSE

C CE

RT.

HIG

H S

CHO

OL

DIP

LOM

A O

R EQ

UIV.

NO

FO

RMAL

ED

UCAT

ION

App DevelopersComputer Occs., All Other

Mgrs., All OtherMarketing Mgrs.

Registered Nurses

5.6%4.5%

3.6%2.4%

2.1%

$111.8K$89.8K

$111.9K$181.6K

$85.0K

Web DevelopersParalegals & Legal Assts.

Preschool TeachersEngineering Techs

Human Resources Assts.

1.6%0.5%

0.2%0.2%0.1%

$75.6K$54.1K

$35.2K$59.9K

$43.9K

Tech Support SpecialistsBkpg & Accounting Clerks

Heavy Truck DriversHealth Information Techs

Nursing Assts.

1.1%0.9%

0.5%0.3%0.2%

$55.2K$44.0K$47.0K$44.4K

$36.1K

Sales Reps, Wholesale & Mfg.Customer Service Reps.

Secys & Admin. Assts.Retail Sales Supervisors

Office & Admin. Supervisors

3.6%1.7%1.6%

0.9%0.8%

$60.2K$37.7K$40.4K$44.6K

$65.2K

Retail SalespersonsWaiters & Waitresses

Food Preparers & ServersJanitors & Cleaners

Maids & Housekeeping Cleaners

1.6%0.4%0.4%0.4%0.3%

$23.9K$25.3K$22.7K$30.8K$29.0K

New York City | Quarterly Brief | Q4 2018

New York City Labor Market Information Service | 9

Source | OnTheMap, U.S. Census Bureau, Center for Economic Studies. Focus on primary jobs. This is the latest year available for this source. Note: This data is calculated using a model that includes Unemployment Insurance claims, the Quarterly Census of Employment and Wages, additional administrative data and data from censuses and surveys.

New York City Workforce Demographics 23% 28% 18%

Of Working Residents are 29 Years of Age or Younger

Calendar Year 2015

Of Working Residents have a Bachelor’s Degree or Higher

Calendar Year 2015

Of Working Residents Earn Less Than $1,251/Month

Calendar Year 2015

Resident Worker Age Distribution Calendar Year 2015

Age 29 or younger

23%

Age 30-54

56%

Age 55 or older

21%

Resident Worker Education Distribution Calendar Year 2015

Resident Worker Income Distribution Calendar Year 2015

Commuting Patterns Calendar Year 2015

11%16%

22%28%

0%

5%

10%

15%

20%

25%

30%

Less than high school

High school or equiv.

Some college or associate

Bachelor's or greater

51%

32%

18%

Earn more than $3,333/month

Earn between $1,251 - $3,333/month

Earn less than $1,251/month

00.010.020.030.040.050.060.070.080.090.10.110.120.130.140.150.160.170.180.190.20.210.220.230.240.250.260.270.280.290.30.310.320.330.340.350.360.370.380.390.40.410.420.430.440.450.460.470.480.490.50.510.520.530.540.550.560.570.580.590.60.610.620.630.640.650.660.670.680.690.7 1.1M Work here

Live outside

485.6K Live here

Work outside

2.8M Live & work

Here

New York City | Quarterly Brief Q4 2018

10 |

This page is blank intentionally.

Glossary | Quarterly Brief | Q4 2018

New York City Labor Market Information Service | 41

Glossary Job This is a broad term used to describe positions filled by employers. Depending on the context, it may be used interchangeably with “occupations.” Labor Force This term includes people of working age who are either employed or are unemployed and actively job searching. Occupation Sometimes used interchangeably with “job,” this term describes standardized, detailed groupings of workers who carry out similar activities. Occupations are organized based on the work performed, and sometimes on skills, education, and training requirements. Online Job Ads Jobs posted online give a window into employers’ talent demands in real-time. There are some limitations to this data. Some employers and industries are better represented online than others, depending on how much they rely on the internet to recruit talent. Also, the ratio of online ads to actual job openings is not always 1:1. Some postings may include multiple openings while others may be searching for talent not connected to any one opening.

Sector This term describes standardized broad groupings of employers by economic or commercial activity. Specialized Skills These refer to the training and knowledge required to do perform a specific job. This information offers an indication of the type of work that is in-demand across sectors and occupations. It can also help jobseekers gauge their ability to compete in the labor market. Seasonal Adjustment This describes the removal of seasonal hiring variations (e.g., holidays, school schedules, agricultural patterns, etc.) to reveal underlying economic trends. This technique is helpful when evaluating data over several years. This report present data that are not seasonally adjusted in order to reveal times of the year that are more and less favorable for hiring. Unemployment Rate (UR) This is the number of people who are unemployed and actively job searching divided by the size of the labor force. This does not include people who are marginally attached to the labor force or discouraged from participating in it.

Questions about this report? Contact: Pam Hoberman • phoberman@gc.cuny.edu • 212.817.2031 A special thanks to NYCLMIS Research Associate Laila Alsabahi for her valuable contributions to this report.

Assorted icons by Freepik and Neal Creative. NYC map design by Scott Citron.

Staten Island | Quarterly Brief | Q4 2018

42 |

NEW YORK CITY LABOR MARKET INFORMATION SERVICE CUNY GRADUATE CENTER 365 FIFTH AVENUE, ROOM 6202 NEW YORK, NY 10016 www.gc.cuny.edu/lmis 212.817.2031