August Economic Snapshot: Employment and Establishment Growth by Borough
New York City has seen solid job and establishment growth across all five boroughs in the last decade.
Manhattan is still home to the greatest share of the city's total jobs. But with significant growth outside of Manhattan, particularly in Brooklyn, the other four boroughs combined now hold a slim majority of City establishments (51%).
Our August Economic Snapshot examines the industries driving employment and establishment growth in NYC. As seen below, Accommodation and Food Services, Retail Trade, and Health Care and Social Assistance sectors are strong employment drivers across almost all boroughs.
More Report Highlights:
- Brooklyn: Brooklyn is home to the highest share of small businesses, with 92% of its businesses employing fewer than 20 people. Brooklyn also saw the greatest absolute gain in establishments.
- Staten Island: Staten Island posted the greatest single-borough employment growth in 2013, rising 4.1 percent.
- Fast-Growing Sector: Employment in the Health Care and Social Assistance sector accounted for 30.7 percent of job growth in the four boroughs outside of Manhattan.
Read the full industry employment and establishment report for New York City in the August Economic Snapshot.
For previous Economic Snapshots, visit our economic data archive on the Economic and Research Analysis page.