New York is a major economic hub in the United States, and its labor statistics provide an important insight into the state’s economy. As of October 2021, New York State had an unemployment rate of 6.2%, while the New York City unemployment rate was 9.0%. The minimum wage in New York City for all workers is $15 per hour as of 2022, and women earn on average 89% of what men do due to gender pay gap disparities. Additionally, almost 25% of wage and salary workers belong to unions – making it one of the most unionized states in America – with a workforce size estimated at around 9.6 million people as of 2021; this number has been steadily increasing since then thanks to job recovery efforts that have seen New York rank 3rd among U.S states for job growth last year alone.
The average annual wages earned by employees across NY are also quite impressive at $69,210 (2019), which could be attributed partly to high-paying industries such as finance & insurance ($53/hr) or tech jobs ($236k). Other sectors like health care & social assistance (1.8m employees) or leisure & hospitality (31k new jobs added Oct ’21) contribute significantly too towards employment opportunities within NY State boundaries; not forgetting film production either – contributing nearly $9 billion annually with 130k+ employed individuals. Finally rounding off our list we find freelancers who make up 3% (~150K)of NYC’s total workforce along with retail sector accounting for ~360K workers statewide (~3%).
New York Labor Statistics Overview
In 2022, the minimum wage in New York City is $15.00 per hour for all workers.
This statistic is of utmost importance when it comes to New York Labor Statistics, as it sets the baseline for the wages of all workers in the city. It serves as a benchmark for employers to ensure that their employees are being paid fairly, and it also provides a sense of security for workers, knowing that they are guaranteed a certain wage.
New York has the most unionized workforce in the United States, with almost 25% of wage and salary workers belonging to a union.
This statistic is a testament to the strength of the labor movement in New York, demonstrating the power of collective action and the importance of organized labor in the state. It is a reminder that workers in New York have a voice and are able to fight for better wages and working conditions. This statistic is also a reminder of the importance of unions in protecting workers’ rights and ensuring that they are treated fairly and equitably.
As of 2021, New York’s workforce was approximately 9.6 million people.
This statistic is a powerful indicator of the sheer size and scope of New York’s labor force. It speaks to the immense economic power of the state, and the potential for growth and development that exists within its borders. It also serves as a reminder of the importance of providing quality jobs and opportunities for the millions of people who make up the workforce.
In 2021, New York ranked 3rd among U.S. states for job recovery.
This statistic is a testament to the resilience of New York’s labor market in the face of the economic downturn caused by the pandemic. It speaks to the strength of the state’s economy and its ability to bounce back from adversity. It is a positive sign for the future of New York’s labor market and a reminder of the importance of investing in the state’s workforce.
The average annual wage for employees in New York State was $69,210 in 2019.
This statistic is a telling indication of the economic health of New York State. It reveals that the average annual wage for employees in the state is quite high, suggesting that the labor market is strong and that workers are being compensated fairly. This is an important piece of information for anyone interested in the labor market in New York State.
In 2020, the Labor Force Participation Rate for New York State was 55.3%.
The Labor Force Participation Rate for New York State in 2020 is a telling statistic that reveals the state of the labor market in the state. It provides insight into the number of people actively employed or seeking employment, and can be used to gauge the overall health of the economy. This statistic is especially important in the context of a blog post about New York Labor Statistics, as it can be used to compare the current state of the labor market to previous years, and to identify any trends or changes in the labor market.
In 2019, the leading industry in terms of number of employees in New York State was Health Care and Social Assistance, with 1.8 million workers.
This statistic is a telling indication of the importance of Health Care and Social Assistance in New York State. It highlights the fact that this industry is a major employer in the state, providing jobs to 1.8 million workers. This is an important point to consider when discussing New York labor statistics, as it demonstrates the impact of this industry on the state’s economy.
As of October 2021, the New York City private sector job count increased by 55,300, seasonally adjusted.
This statistic is a testament to the resilience of the New York City private sector, showing that despite the economic downturn caused by the pandemic, the job count has increased by a significant amount. This is a positive sign for the city’s economy and a sign that the labor market is recovering. It is an encouraging statistic for those looking for employment in the city and a reminder that the city is still a great place to work.
Leisure and hospitality was the industry sector that saw the largest job growth in New York State in October 2021, with an increase of 31,800 jobs.
The news that leisure and hospitality saw the largest job growth in New York State in October 2021 is a cause for celebration. With an increase of 31,800 jobs, this sector is providing much-needed employment opportunities for New Yorkers. This is a positive sign for the state’s economy and a testament to the resilience of the people of New York. This statistic is a reminder that the labor market in New York is still strong and that there are still opportunities for those looking for work.
As of 2021, there were nearly 236,500 tech jobs in New York City, making it the second-largest tech hub in the United States.
This statistic is a testament to the immense potential of New York City as a tech hub. It speaks to the city’s ability to attract and retain tech talent, and the sheer number of tech jobs available in the city. This statistic is a powerful indicator of the city’s economic strength and its potential to become a major player in the tech industry.
In 2020, there were approximately 150,000 freelancers in New York City, accounting for 3% of the NYC workforce.
This statistic is a telling indication of the growing prevalence of freelancing in New York City. It demonstrates that freelancing is becoming an increasingly popular option for those looking to make a living in the city, and that it is making up a larger portion of the workforce. This is an important point to consider when discussing the labor landscape of New York City, as it shows that freelancing is becoming an increasingly viable option for those looking to make a living in the city.
Film and TV production contributes nearly $9 billion annually to the New York City economy and employs over 130,000 workers in the city.
This statistic is a testament to the immense impact that film and TV production has on the New York City economy. It demonstrates the sheer magnitude of the industry’s contribution to the city, with nearly $9 billion in annual revenue and over 130,000 workers employed. This is a powerful reminder of the importance of the film and TV industry to the city’s economic health and the livelihoods of its citizens.
In 2019, approximately 11.3% of New York State residents worked in the Health Care and Social Assistance industry.
This statistic is a telling indication of the importance of the Health Care and Social Assistance industry in New York State. It demonstrates that a significant portion of the state’s population is employed in this sector, highlighting the impact it has on the local economy. Furthermore, it provides insight into the types of jobs available in the state, and the potential for growth in this industry. As such, this statistic is an important piece of information for anyone interested in learning more about the labor market in New York.
The average hourly earnings in New York’s finance and insurance industries is $53.42, the highest average earnings of all the top industry sectors in the state.
This statistic is a testament to the financial success of New York’s finance and insurance industries, highlighting the fact that these industries are the most lucrative in the state. It is an important piece of information to consider when discussing New York’s labor statistics, as it provides insight into the economic health of the state.
As of January 2024, employers in New York with 10 or fewer employees will have to provide at least one hour of paid sick leave for every 40 hours worked by the employee.
This statistic is a game-changer for New York’s labor force, as it provides a much-needed safety net for employees who may not have access to paid sick leave. With this new policy, employees can take the time they need to recover from illness without worrying about lost wages or job security. This is a major step forward in protecting the rights of workers in New York, and it is sure to have a positive impact on the state’s labor statistics.
In New York State, over 360,000 workers are in the retail sector, making up 3.8% of the total workforce.
This statistic is a telling indication of the importance of the retail sector in New York State. It demonstrates that retail is a major employer in the state, providing jobs to a significant portion of the workforce. This is an important factor to consider when discussing the labor market in New York State, as it highlights the importance of the retail sector in the state’s economy.
In 2019, New York City accounted for approximately 10% of all jobs in the United States for computer and mathematical occupations.
This statistic is a testament to the fact that New York City is a major hub for computer and mathematical occupations in the United States. It highlights the importance of the city in the tech industry and the potential for job growth in the area. This is especially relevant in a blog post about New York Labor Statistics, as it provides insight into the city’s economic landscape and the opportunities available to those looking for work in the tech sector.
Conclusion
From the data presented, it is clear that New York State has a diverse and vibrant economy. The unemployment rate in October 2021 was 6.2%, with the city of New York having an even higher rate at 9%. Workers are protected by minimum wage laws, unionization rates remain high, and job growth continues to be strong across many industries including leisure and hospitality as well as health care and social assistance. Additionally, tech jobs have seen significant growth over recent years while freelancers make up 3% of the workforce in NYC. Finally, film production contributes significantly to both employment numbers and economic output for the state overall.
References
0. – https://www.www.bls.gov
1. – https://www.www.labor.ny.gov
2. – https://www.www.businessofbusiness.com
3. – https://www.www.wallethub.com
4. – https://www.datausa.io
5. – https://www.www1.nyc.gov
6. – https://www.www.statista.com
7. – https://www.fred.stlouisfed.org
8. – https://www.labor.ny.gov
9. – https://www.builtin.com
