Dashboard NYC

The Partnership publishes a quarterly dashboard of key indicators to measure progress or slippage in the city’s private and public sectors.


PFNYC_Dashboard_NYC_Q4_2016

Q4 2016 Dashboard

Data for the fourth quarter of 2016 shows slower job growth, a small increase in the unemployment rate and homeless in shelters at an all-time high. Overall, jobs are up slightly and crime continues to go down.

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Private Sector

Total Jobs

⇑ 1.5%

4.3 million (Q4 2015)
4.4 million (Q4 2016)

Change in Employment by Sector

Sector Total Change
Financial Services 330,800 -4,400
Health Care 685,000 18,000
Media/Publishing 194,100 1,500
Business Services 725,000 10,400
Leisure & Hospitality 448,300 14,500
Retail 356,200 -2,700
Government 560,800 5,100
Construction 146,000 2,200
Education 232,100 5,500
Real Estate 128,600 1,300
Manufacturing 79,000 0
Other 484,800 14,900

The majority of sectors added jobs, but did so at a slow rate. Total jobs in the city grew just 1.5 percent, the weakest year-over-year growth since Q3 2010.

  • Unemployment Rate

    ⇑ 0.5%

  • Number of Job Openings
    Q4 2015: 130,000
    Q4 2016: 111,000
  • Long-Term Unemployment

    ⇓ 23.6%

  • Commercial Vacancy Rate in Manhattan

    ⇑ 0.8%

  • Commercial Rent in Manhattan

    ⇑ 1.7%

  • Total VC Investment
    Downstate New York

    ⇑ 14.1%

  • VC Investment in Tech
    Downstate New York

    ⇓ 2.1%

Bloomberg Index

⇑ 11.3%

The Bloomberg Index tracks the share prices of 100 of the largest companies headquartered in the greater New York City area.

Average Home Sale Price

⇑ 9.6%

Includes condos, co-ops, and 1–3 family dwellings.

Public Sector

  • All City Tax Revenue

    ⇑ 0.4%

  • Property Tax Revenue

    ⇑ 3.6%

  • City Pension Obligations

    ⇑ 8.3%

  • Sales Tax Receipts

    ⇑ 1.9%

  • City Spending

    ⇑ 0.02%

  • Homeless in Shelters

    ⇑ 3.0%

  • Residential Construction Permits

    ⇓ 37.3%

  • Reported Violent Crimes

    ⇓ 7.9%

  • Reported Non-Violent Crimes

    ⇓ 6.9%

  • Reported Murders

    ⇓ 8.5%

Both violent crime and non-violent crime dropped substantially year-over-year, driven by large decreases in robberies and burglaries. Murders also continued to decline.

Historical Comparison (1995-present)

Total Jobs

Unemployment Rate

Number of Long-Term Unemployed

Competitor Cities

Unemployment rate change

Overall Employment Growth Rate

Job growth in New York City trailed most of its competitors, including Dallas (+3.9%), San Jose (+3.4%), San Francisco (+2.2%) and Boston (+1.8%).

Labor Force Participation

New York City: 71%
London: 78%

Labor Force Participation refers to the percentage of the working age
population (aged 16–64) either working or actively looking for work.
These rates reflect October–December 2016.

VC Investment Growth Rate 

Although VC funding fell 19 percent nationwide, VC funding for startups in Downstate New York increased 14.1 percent year-over-year. WeWork and Buzzfeed led the way, combining for $460 million in late-round funding.

Download Q4 2016 Dashboard →