With few exceptions, NYC employment has consistently risen over the last year

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New York City total nonfarm employment continues to set new records in May

Slide 1JLL’s New York City Employment Update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the July update include:

  • New York City total nonfarm employment continued to set new records in May, edging upward to 4,036,500.
  • NYC private sector employment grew by 2.3 percent, or 77,700, year-over-year.
  • The leisure and hospitality sector, typically a high performer in May due to seasonal factors, exceeded expectations and grew by 2.9 percent month-over-month.

Explore the full report for further trends and news about the expansion and contraction of various companies operating in New York City.