Dashboard NYC

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


Q2 2017 Dashboard

Data for the first quarter of 2017 shows a record low unemployment rate, a dramatic drop in downstate VC investment and homeless in shelters at an all-time high.

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Private Sector

Total Jobs

⇑ 1.7%

Q2 2016: 4.3 million
Q2 2017: 4.4 million

Change in Employment by Sector

Sector Total Change
Financial Services 335,600 -1,500
Health Care 711,700 30,300
Media/Publishing 191,600 2,400
Professional Services 741,300 22,300
Leisure & Hospitality 454,900 11,700
Retail 343,600 -1,400
Government 553,100 1,600
Construction 149,800 3,500
Education 254,300 5,400
Real Estate 135,500 6,100
Manufacturing 74,300 -2,500
Other 467,300 -2,900

The majority of sectors added jobs, but did so slowly. Total jobs in the city grew just 1.7 percent. Health care and Professional Services accounted for over 70 percent of the city’s job growth. Financial Services, Manufacturing and Retail lost jobs.

  • Unemployment Rate

    ⇓ 0.4%

  • Number of Job Openings
    Q2 2016: 123,000
    Q2 2017: 116,000
  • Long-Term Unemployment Rate

    ⇓ 0.2%

  • Commercial Vacancy Rate in Manhattan

    ⇑ 0.4%

  • Commercial Rent in Manhattan

    ⇓ 0.5%

  • Total VC Investment
    Downstate New York

    ⇑ 79.3%

  • VC Investment in Tech
    Downstate New York

    ⇑ 75.4%

Bloomberg Index

⇑ 17.2%

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

⇑ 3.1%

Includes condos, co-ops, and one to three family dwellings.

Public Sector

  • All City Tax Revenue

    ⇓ 2.4%

    The decrease in tax revenue was primarily driven by lower Personal Income Tax and Unincorporated Business Tax receipts.

  • Property Tax Revenue

    ⇑ 6.5%

  • Sales Tax Receipts

    ⇑ 0.4%

  • City Spending

    ⇑ 0.1%

  • Homeless in Shelters

    ⇑ 1.4%

  • Residential Construction Permits

    ⇑ 6.7%

  • Reported Violent Crimes

    ⇓ 4.7%

  • Reported Non-Violent Crimes

    ⇓ 7.2%

  • Reported Murders

    ⇓ 26.8%

  • Both violent crime and non-violent crime dropped substantially year-over-year, driven by large decreases in robberies and burglaries. There were also 25 fewer murders in Q2 compared to last year.
  • Subway Reliability

    ⇓ 6.4%

    Just 62.5 percent of weekday subways reached their scheduled terminal on time, down from 69.0 percent last year. The F line on-time arrivals suffered most, declining by 23.1 percent. Numbers are through May 31, 2017.

Historical Comparison (1995-present)

Total Jobs

Unemployment Rate

Long-Term Unemployment Rate

Underemployment Rate
Inclusive of residents who have given up looking for work and part-time workers looking for full-time employment.

Competitor Cities

Unemployment Rate Change

Overall Employment Growth Rate

Job growth in New York City trailed Dallas (+3.4%), San Francisco (+2.3%) and Boston (+2.2%), but outpaced San Jose (+1.5%), Los Angeles (+1.4%) and Chicago (+0.7%).

Labor Force Participation

New York City: 70%
London: 77%

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 April–June 2017.

VC Investment Growth Rate 

Venture capital investment spiked by nearly 80 percent in Downstate New York, compared to an 8.6 percent drop nationwide. New York companies receiving significant funding include Group Nine Media, Peloton, Casper, Convene and Cadre.

Download Q2 2017 Dashboard →