New York

by Recruiter on July 24, 2011

New York’s top industries include the financial sector, insurance, health care and real estate. New York has well over 200 banks which represent every major country and the City leads the country in the number of Fortune 500 and 1000 companies headquartered there, including 8 of the world’s top 10 securities firms.  Tourism and the entertainment/media sectors contribute greatly towards New York’s economy.  According to Wikipedia, “the city is the number-one media market in the United States with 7% of the country’s television-viewing households.”

On July 21, 2011, the State Labor Department reported New York State’s economy gained a total of 13,600 private sector jobs and has recouped just over 50% of the private sector jobs lost during the 2008-2009 recession.  Despite this good news, the state’s unemployment rated increased over the month to 8.0% in June 2011.  Bohdan M. Wynnyk, Chief of Labor Statistics, Division of Research and Statistics notes, “In June 2011, the New York State economy continued its recovery from the effects of the last recession, adding 13,600 private sector jobs. Like the nation as a whole, our state unemployment rate increased over the month, and now stands at 8.0%. However, we remained significantly below the nation’s jobless rate, which increased to 9.2% in June.”

Unemployment Rates*
June 2011*          May 2011     June 2010
United States              9.2                      9.1                  9.5
New York State          8.0                      7.8                 8.6
New York City            8.7                      8.6                 9.5
NYS, outside NYC     7.4                      7.3                  7.9
*Data are preliminary and subject to change based on standard procedures outlined by the USDOL’s Bureau of Labor Statistics.

Highlights among NYS sectors with job gains since June 2010:

  • Professional and business services added the most private sector jobs (+38,800) over the past year. Within that sector, job gains were greatest in administrative and support services (+20,500) and professional, scientific and technical services (+14,500).
  • Private sector educational and health services (+32,400) registered the second greatest increase in jobs between June 2010 and June 2011. Within that sector, both educational services (+16,500) and health care and social assistance (+15,900) added jobs.
  • The third largest over-the-year jobs increase occurred in leisure and hospitality (+17,500). Sector gains were greatest in accommodation and food services (+17,400), especially food services and drinking places (+14,000)

Current Job Listings:

High Frequency Fx Trader at The Haggan-Ricci Group
Salary range $500,000 to $1,000,000

Executive Assistant at The Forum Group
Salary range $50,000 to $60,000

Academic Student Support Counselor at Kingsborough Community College
Salary range $42,873 – $61,903

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