Working in New York State

Working in New York State

New York City (NYC), also known as "The Big Apple," is the most residential and commercial city in the United States. With 8.25 million inhabitants covering only 305 square miles, it is the most densely populated as well.

NYC is at the core of the globe's financial, fashion, retail, foreign trade and media markets. The heart of world culture, live entertainment, art museums and auction houses, educational institutions, tourism, and summits held at the United Nations' NYC headquarters are a few factors validating the notion that NYC is on the go 24 hours a day.

Bronx County, Kings County-Brooklyn, Manhattan, Queens, and Staten Island are the five boroughs that make up the Greater NYC region. When considering the New York metropolitan area from an economic standpoint, southern Connecticut and western New Jersey are often included. Residents of both states make up a large portion of the commuting workforce of NYC.

The economy as a whole generates a gross metro product of $1.3 trillion. World trade organizations and most Fortune 500 companies are headquartered in Manhattan.

NYC's Wall Street financial district has enormous power over the world's economic status. The smallest signals from the floor of the New York Stock Exchange can cause instantaneous market fluctuations worldwide.

Employment data in New York is classified into two regions: Downstate, which consists of NYC, and Upstate, where the most suburban and rural areas exist.

Downstate New York – Manhattan, Bronx County and Kings County(Brooklyn)

New York City (Manhattan)

The unemployment rate was 9.7% in New York City compared with New York State's total at 8.6% and the U.S. at 8.2% Professional and business services continue to add the most jobs followed by private educational and health services. Construction leads declining sectors with trade contractors hit the hardest.

Considering opening a branch in Manhattan? You need both experienced employees and affordable workspace.

Downstate consists of 10 counties. Expansion in the suburban counties tends to lag behind that of New York City.

Bronx County

The unemployment rate in Bronx County is the Downstate's lowest at 12.0%. The average salary is $48,500/yr.

Kings County (Brooklyn)

The unemployment rate in the Kings County-Brooklyn area is 10.4%. The average salary is $49,000/yr.

Upstate New York

Upstate New York consists of 52 counties which are combined into sub-regions. Below, each sub-region is shown in parentheses as each is considered its own labor market for statistical purposes.

Rochester and Albany are experiencing greater growth rates than both Buffalo and Syracuse. Education and health care are the most rapid growing sectors in all of these cities. The most sought after workers are registered nurses, retail salespersons, and company drivers.

Historically, manufacturing was the leading occupation in Upstate, NY. In the 21st century, manufacturing is still strong, but has been reduced to 15-20% with professional and technical services becoming the number one sector.

Albany (Capital)

The unemployment rate in the state capital is 7.6%. The average salary is $36,000/yr. Government workers hold a quarter of the jobs with the education and health sector accounting for one-fifth.

Buffalo (Western)

Unemployment is 8.5%. The average salary is $34,000/yr.

Rochester (Finger Lakes)

Unemployment is 8.0%. The average salary is $30,000/yr.

Syracuse (Central)

Unemployment is 8.6%. The average salary is $31,000/yr.