New York City Economic Development Corporation (NYCEDC) announced that 4,900 private sector jobs were added in September in New York City. The data, to be published today in NYCEDC’s monthly Economic Snapshot, is based on an analysis of employment numbers for September 2022 by the New York State Department of Labor (NYSDOL) that are seasonally adjusted by Office of Management and Budget (OMB). Since Mayor Adams took office in January 2022, New York City has added 155,900 private sector jobs, and the City’s unemployment rate is currently at 5.6 percent in September. September is the eighth consecutive month of private sector job growth for New York City.
“I’ve said it before and I’ll say it again: New York City isn’t just coming back, it’s back. We’re seeing more New Yorkers finding jobs and the city’s unemployment rate dropped a full percentage point in the last month,” said New York City Mayor Eric Adams. “Every day, I hear about another business launching or moving to the five boroughs. In fact, one in 10 businesses in New York City has opened in the past year.”
“Today’s numbers reaffirm the consistent positive job growth and labor market recovery under Mayor Adams’ leadership,” said NYCEDC President and CEO Andrew Kimball. “We remain laser focused on building a vibrant and inclusive economy for all New Yorkers.”
September’s job growth brings the private sector total to 3,977,800, approximately 130,600 jobs short of its pre-pandemic total of 4,108,400 jobs.
Since last September, New York City has added 250,800 private sector jobs. The annual (September-to-September) growth of private sector employment was 6.8 percent, faster than New York State (4.7 percent) and the U.S. (4.2 percent).
The Arts, Entertainment and Recreation sector added 5,200 jobs in September, while Transportation, Warehousing and Utilities added 3,600 jobs. Arts, Entertainment and Recreation has now regained 73.3 percent of jobs lost during the pandemic, while Transportation, Warehousing and Utilities has regained 91.8 percent of jobs lost.
Health Care and Social Assistance saw the third strongest gains in September, adding 3,200 jobs. Employment in this sector exceeds its pre-pandemic total.
NYSDOL releases employment data for New York City and State that it collects under a joint program with the Bureau of Labor Statistics. This information is subject to adjustment as more data becomes available.
New York City Economic Development Corporation is a mission-driven, nonprofit organization that creates shared prosperity across New York City by strengthening neighborhoods and creating good jobs. We work with and for communities to bring emerging industries to New York City; develop spaces and facilities for businesses; empower New Yorkers through training and skill-building; and invest in sustainable and innovative projects that make the city a great place to live and work. To learn more about what we do, visit us on Facebook, Twitter, LinkedIn, and Instagram.