Local Labor Conditions Spring 2016

Regional Labor Review

Latest Trends in Local Labor Market Conditions: Spring 2016 Table 1: Number of Nonfarm Jobs (in thousands) by Place of Work: New York City, Long Island & All U.S., March 2008–March 2016 (in thousands, not seasonally adjusted)

U.S. NY State NYC Long Island

March

March

March

% Change

2016

2015

2008

2008‐2016 2015‐2016

142,877 9,248 4,273 1,298

140,099

137,309

9,107 4,172 1,273

4.06

1.98

8,710

4.56

1.55

3,780

10.38

2.41

1,251

1.77

1.96

Ta bl e 1 Source: Es ta bl i s hment s urvey da ta from US Depa rtment of La bor.

Note that data reflect regular revisions by Dept. of Labor.

Table 2: Civilian Labor Force, Employment & Unemployment (i n thous a nds , not s ea s ona l l y a djus ted)

Labor Force

Employed

Unemployed

Unemp. Rate

March

March

March

March

March

March

March

March

2016

2015

2016

2015

2016

2015

2016

2015

AREA U.S.

158,854

156,317

150,738

147,635

8,116

8,682

5.1%

5.6%

NYC Bronx Brooklyn Manhattan Queens Staten Island

4,254.5 624.9 1,258.8 945.4 1,197.5 227.7

4,198.4 617.2 1,243.4 930.8 1,181.8 225.3

4,010.7 575.5 1,185.1 898.1 1,137.2 214.7

3,943.5 565.9 1,165.2 883.0 1,118.1 211.4

243.8 49.4 73.7 47.3 60.3 13.0

254.9 51.3 78.2 47.8 63.7 13.9

5.7 7.9 5.9 5.0 5.0 5.7

6.1 8.3 6.3 5.1 5.4 6.2

LONG ISLAND Nassau Co. Suffolk Co.

1,484.7 701.3 783.5

1,452.0 685.3 766.7

1,422.5 674.1 748.4

1,381.0 654.6 726.4

62.2 27.2 35.1

71.0 30.7 40.3

4.2 3.9 4.5

4.9 4.5 5.3

Table 2 Source: CPS household survey data from NYS Dept. of Labor. Data reflect regular revisions by Dept. of Labor

Figure 1 NYC Job Growth by Industry: March 2015 – March 2016 (in 1,000s of jobs, and percent change)

120 TOTAL 2.4% 100 Services 3.4% 80 GOVT

Constcn.

0.7%

6.9%

60 Jobs 40 20 0 -20

Wh. Trade 1.2%

TWU 3.0%

Manf.

3.6%

Retail -1.3%

FIRE

Information

1.1%

2.7%

Figure 2 Long Island Job Growth by Industry: March 2015 – March 2016 (in 1,000s of jobs, and percent change)

30 Services 3.5%

25 20 15 Jobs 10 5 0 -5 -10

GOVT 1.8%

Constcn.

3.1%

Wh. Trade 0.9%

TWU 0.7%

Manf.

1.7%

Retail -2.5%

FIRE 2.2%

Info -2.4%

TOTAL 2.0%

Table 3: Weekly Wage Growth by County, 2010‐15 Avg. Wage/week AREA

2014

2010

% Chg. Real Wage 2014‐15

2010‐15

$1,048 $1,026 $889

2.18

8.93

Bronx Brooklyn Manhattan Queens Staten Island

$903 $869 $793 815 760 718 2,840 2,746 2,409 934 910 811 824 801 724

4.27 7.61 3.78 2.99 3.23

5.66 5.33 9.39 6.86 5.61

LONG ISLAND Nassau Co. Suffolk Co.

$1,102 $1,091 $984 1,047 1,027 934

1.36 2.30

3.92 4.02

U.S.

2015

Ta bl e 3 Sources : 2010:Q1‐2015:Q1 wa ges i n a l l es ta bl i s hments , from QCEW es ta bl i s hment s urvey. Wa ges a djus ted for i nfl a ti on by na ti ona l & Northea s t Regi ona l CPI: www.bl s .gov