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

Q1 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

⇑ 1.5%

4.3 million (Q1 2016)
4.3 million (Q1 2017)

Change in Employment by Sector

Sector Total Change
Financial Services 333,100 -2,700
Health Care 702,400 31,200
Media/Publishing 194,100 4,100
Business Services 727,100 19,800
Leisure & Hospitality 430,100 5,800
Retail 345,000 700
Government 548,400 1,700
Construction 143,900 3,700
Education 256,600 4,400
Real Estate 131,500 3,900
Manufacturing 74,000 -2,800
Other 461,300 -4,100

The majority of sectors added jobs, but did so slowly. Total jobs in the city grew just 1.5 percent. Healthcare and Professional Services accounted for nearly 80 percent of the city’s job growth. Financial Services and Manufacturing lost jobs.

  • Unemployment Rate

    ⇓ 1.0%

  • Number of Job Openings
    Q1 2016: 131,000
    Q1 2017: 115,000
  • Long-Term Unemployment

    ⇓ 20.1%

  • Commercial Vacancy Rate in Manhattan

    ⇑ 0.4%

  • Commercial Rent in Manhattan

    ⇑ 1.3%

  • Total VC Investment
    Downstate New York

    ⇓ 49.2%

  • VC Investment in Tech
    Downstate New York

    ⇓ 58.1%

Bloomberg Index

⇑ 13.4%

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

⇑ 12.2%

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

Public Sector

  • All City Tax Revenue

    ⇑ 2.7%

  • Property Tax Revenue

    ⇑ 11.5%

  • City Pension Obligations

    ⇑ 8.5%

  • Sales Tax Receipts

    ⇑ 0.8%

  • City Spending

    ⇑ 7.8%

  • Homeless in Shelters

    ⇑ 3.4%

  • Residential Construction Permits

    ⇑ 35.9%

  • Reported Violent Crimes

    ⇓ 7.3%

  • Reported Non-Violent Crimes

    ⇓ 3.9%

  • Reported Murders

    ⇓ 13.5%

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 (+4.1%), San Francisco (+2.6%), San Jose (+2.1%), Boston (2.1%) and Los Angeles (+1.7%).

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 January–March 2017.

VC Investment Growth Rate 

In Downstate New York, venture capital investment sharply dropped 49.2 percent, compared to an 11.6 percent drop nationwide.

Download Q1 2017 Dashboard →