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NYC Posts Seventh Consecutive Month of Private-Sector Job Gains

August saw 20,700 private-sector jobs added in New York City, the seventh consecutive month of job gains, according to the New York City Economic Development Corporation. August’s job growth brings the private-sector total to 3,978,800, approximately 129,600 jobs short of its pre-pandemic total. 

Since last August, New York City has added 294,300 private sector jobs. The annual growth of private-sector employment was 8%, faster than New York State (5.4%) and the U.S. (4.4%). 

“It’s encouraging to see this streak of monthly increases in private sector employment continue for a seventh straight month, and especially so to see that more New Yorkers are choosing to re-enter the labor force,” said Maria Torres-Springer, Deputy Mayor for Economic and Workforce Development. “We are laser focused on maintaining this positive momentum and are redoubling our efforts to connect under and unemployed New Yorkers to family-sustaining careers.” 


Inside The Story

NYC Economic Development Corp.

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
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