LOCAL LABOR MARKET CONDITIONS – FALL 2019 Table 1: Number of Nonfarm Jobs: New York City, Long Island & All U.S., 2018–2019 (in thousands, not seasonally adjusted)
Sept. 2019
U.S. NY State NYC Long Island
151,949 9,792 4,626 1,355
Sept. 2018 149,793 9,668 4,542 1,344
2018-2019 Change % Net 2,156 1.4 124 1.3 84 1.8 11 0.8
Table 1 Source: Establishment survey data from US Department of Labor. Note that data reflect regular revisions by Dept. of Labor.
Table 2: Civilian Labor Force, Employment & Unemployment (in thousands, not seasonally adjusted)
Labor Force
Employed
Unemployed
Unemp. Rate
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
2019
2018
2019
2018
2019
2018
2019
2018
AREA U.S.
163,943
161,957
158,478
156,191
5,465
5,766
3.3%
3.6%
NYC Bronx Brooklyn Manhattan Queens Staten Island
4,078.3 599.3 1,199.3 909.8 1,151.4 218.5
4,098.3 601.3 1,205.8 914.9 1,156.7 219.6
3,924.9 568.6 1,152.9 879.3 1,113.6 210.5
3,941.1 570.3 1,158.1 883.5 1,118.1 211.1
153.4 30.7 46.4 30.5 37.8 8.0
157.2 31.0 47.7 31.4 38.6 8.5
3.8 5.1 3.9 3.3 3.3 3.7
3.8 5.2 4.0 3.4 3.3 3.7
LONG ISLAND Nassau Co. Suffolk Co.
1,483.7 707.6 776.2
1,483.7 707.8 775.8
1,432.9 683.5 749.5
1,435.4 685.1 750.3
50.8 24.1 26.7
48.3 22.7 25.5
3.4 3.4 3.4
3.4 3.4 3.4
Table 2 Source: CPS household survey data from NYS Dept. of Labor. Data reflect regular revisions by DoL.
Table 3: Weekly Wage Growth, US, NY Metro, NYC & L.I., 2010-19 Avg. Wage/week ($2019) AREA
2019
ALL U.S. METROS NY-NJ METRO Bronx Brooklyn Manhattan Queens Staten Island
% Chg. Real Wage
2018
2010
2018-19
2010-19
$1,218 $1,766 1,086 954 3,153 1,099 1,006
$1,206 $1,758 1,057 935 3,144 1,089 994
$1,074 $1,686 932 844 2,832 954 851
1.00 0.46 2.74 2.03 0.29 0.92 1.21
13.41 4.74 16.52 13.03 11.33 15.20 18.21
$1,215 1,171
$1,215 1,162
$1,157 1,098
0.00 0.77
5.01 6.65
LONG ISLAND Nassau Co. Suffolk Co.
Table 3 Sources: 2010:Q1-2019:Q1 wages in all establishments, from U.S. BLS. QCEW establishment survey. Wages adjusted for inflation by national & Northeast Regional CPI: www.bls.gov
5
Figure 1. Unemployment Rates in U.S., NYC & Long Island, 2017-19 (% monthly, seasonally adjusted)
4.5
NYC
4
US
3.5
Long Island
3 2.5 2 1.5 1 0.5 0
S
O
N 2017
D
J
F
M
A
M 2019
J
J
A
S
O
N
D
J
F
2018
Figure 1 Source: U.S. Bureau of Labor Statistics
M
A
M
J
J
A
S
Figure 2 NYC Job Growth by Industry: Sept. 2018 – Sept. 2019 (in 1,000s of jobs, and percent change) 90
1.9%
80
3.0%
70 60 50 Jobs
40 30 20 10
GOVT
Constcn. Constcn
1.0%
-2.2%
Wh. Trade
TWU
Manf.
Retail
0.4%
1.6%
-3.3%
2.3%
FIRE -1.3%
Information 3.1%
0 Services
-10
TOTAL
-20
Figure 3 Long Island Job Growth by Industry: Sept. 2018 – Sept. 2019 (in 1,000s of jobs, and percent change)
12 0.7
10
Constcn. 8.9%
8 6 Jobs 4 2
Services
GOVT 0.2%
0.0% Wholesale Trade 0.1%
Manf.
Retail
FIRE
Information
1.4%
-0.9%
-0.5%
-2.4%
TWU 0.9%
0 -2 -4
TOTAL