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New York City Job Market Report
Inception Point Ai
100 episodes
3 days ago
Discover the pulse of employment opportunities with the "New York City Job Market Report," your ultimate guide to navigating the dynamic job landscape of NYC. Tune in every week as we discuss recent trends, industry insights, and expert analysis to help job seekers and hiring managers stay ahead of the curve. Whether you're an aspiring professional or an established industry leader, our comprehensive coverage of the Big Apple's employment scene will keep you informed and empowered. Don't miss out on the latest job openings, salary reports, and career advice tailored specifically for New York City's competitive market. Subscribe now to stay updated and make your next career move count!

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Discover the pulse of employment opportunities with the "New York City Job Market Report," your ultimate guide to navigating the dynamic job landscape of NYC. Tune in every week as we discuss recent trends, industry insights, and expert analysis to help job seekers and hiring managers stay ahead of the curve. Whether you're an aspiring professional or an established industry leader, our comprehensive coverage of the Big Apple's employment scene will keep you informed and empowered. Don't miss out on the latest job openings, salary reports, and career advice tailored specifically for New York City's competitive market. Subscribe now to stay updated and make your next career move count!

For more info go to https://www.quietperiodplease....
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Episodes (20/100)
New York City Job Market Report
New York City's Shifting Job Landscape: Resilience Amid Corporate Restructuring
New York City's job market remains competitive yet challenged, reflecting broader economic uncertainties facing the nation. As of August 2025, New York State's unemployment rate stood at 4.9 percent, down from 5.5 percent earlier in the year, though Queens specifically maintained a slightly elevated rate of around 5.2 percent. The citywide market continues to be shaped by significant corporate restructuring, with New York firms cutting 81,700 workers, representing a 20 percent increase from the previous year. Major employers like Verizon announced substantial workforce reductions of 13,000 workers in November alone.

The employment landscape remains concentrated in key sectors including technology, healthcare, hospitality, manufacturing, and finance. Healthcare continues showing resilience as a growth sector, while traditional industries face headwinds. Recent developments include Senator Joseph Addabbo's annual career fair held in November, which connected approximately 500 job seekers with around 70 vendors and businesses across diverse industries. This event underscored ongoing efforts to address employment challenges in outer boroughs like Queens.

New York City startup jobs demonstrate particular competitiveness, with median salaries ranging from 95,000 to 185,000 dollars depending on role and experience level. Engineering positions command the highest compensation, averaging 165,000 to 185,000 dollars for senior roles, while product management roles typically range from 135,000 to 165,000 dollars. Sales positions offer substantial upside through commission structures. Approximately 65 percent of startup roles offer hybrid or remote arrangements, reflecting post-pandemic work evolution. Series B startups pay roughly 12 percent more than seed-stage companies, and early-stage positions often include meaningful equity packages ranging from 0.75 to 2.5 percent.

Current market conditions reflect policy uncertainty, particularly regarding tariffs, which employers cite as a primary deterrent to aggressive hiring and capital investment. Consumer confidence metrics have declined to near-yearly lows, and long-term unemployment continues rising. Commuting patterns show workers increasingly accepting remote opportunities, though in-office positions maintain market-rate compensation in Manhattan and nearby commercial hubs.

Thank you for tuning in to this job market overview. Be sure to subscribe for continued updates on employment trends and economic developments. This has been a Quiet Please production. For more, check out quietplease dot ai.

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5 days ago
2 minutes

New York City Job Market Report
New York City's Resilient Job Market Faces Slow Adjustment, AI Impact, and Federal Data Gaps
New York City’s job market in late 2025 is defined by mixed signals: steady economic growth and high worker productivity coexisting with slower job creation and a modest uptick in unemployment. The Conference Board Employment Trends Index indicates a slight rebound in September but remained nearly at its lowest level since the pandemic, reflecting subdued business and consumer confidence. Before the October government shutdown, the labor market was described as ‘healthy,’ although recent data remains delayed and incomplete due to federal disruptions. The city’s unemployment rate has edged up and is currently estimated near 4.4 percent—higher than last year but still below national peaks, with pockets of weakness for young college graduates, as noted by the Federal Reserve Bank of Cleveland.

The employment landscape is heavily concentrated in finance, technology, health care, professional services, education, entertainment, and hospitality, with employers such as JPMorgan Chase, Mount Sinai Health System, Google, Columbia University, and NYU dominating job offerings. Growing sectors include artificial intelligence, biotech, digital marketing, and green infrastructure, supported by significant investments and government initiatives. According to the New York Department of Labor, workforce programs are being expanded, with a new self-service scheduler launched to streamline career services and the maximum unemployment benefit raised to $869 weekly. Seasonal patterns remain evident; holiday retail and hospitality jobs surge every winter, while summer brings more openings in events and tourism. Commutes have become more flexible, with hybrid work persisting in finance, media, and tech, though public transit ridership is rising toward pre-pandemic levels.

AI-driven transformation plays a prominent role, with the ongoing boom attracting investment while automation compresses opportunities for entry-level office roles, especially affecting recent graduates. Market evolution is characterized by tempered optimism: low-hire, low-fire conditions persist, and a 32 percent share of small businesses cannot fill open positions—a post-pandemic low. Trade and manufacturing show flat but stable activity, and the ratio of involuntary part-time workers is steady at 17 percent. Recent developments include the rescheduling of major employment reports and cautious anticipation that October’s government shutdown may impact future hiring.

Listeners should note key findings: New York City’s job market is resilient but adjusting slowly, facing uncertainty around federal policy, inflation, and the effects of AI. Opportunities for well-educated workers remain above average, but entry-level prospects are declining in some white-collar fields. Data gaps exist: some federal statistics for October and November are unavailable, limiting full visibility.

As of now, attractive job openings include nurse practitioner at Mount Sinai Health System, software engineer at Google New York, and finance associate at JPMorgan Chase. Thank you for tuning in, and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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1 week ago
3 minutes

New York City Job Market Report
New York City's Dynamic Job Market: High-Skilled Immigration, Shifting Sectors, and Hiring Trends in 2025
The New York City job market in late 2025 remains dynamic, complex, and shaped by global, technological, and political forces. According to the National Foundation for American Policy, New York City led the nation in H-1B visa approvals for new employment in 2025, with 7,811 petitions, reflecting its continued dominance as a hub for high-skilled workers in technology, finance, education, healthcare, and professional services. The metropolitan area's unemployment rate, based on the most recent Bureau of Labor Statistics data, is about 5.6%, higher than the national rate but consistent with other major urban centers. The sectoral distribution is shifting: finance, technology, healthcare, education, retail, and hospitality remain major employers, with Amazon, JPMorgan Chase, Mount Sinai, NYC Health + Hospitals, New York University, and Google as significant players. Healthcare hiring is outpacing other sectors due to demographic shifts and post-pandemic reorganization, a trend confirmed by InterviewPal, which notes the fastest time-to-hire for clinicians and healthcare administrators in 2025.

High-skill immigration continues to play a pivotal role; restrictive federal policies and fee changes have pressured employers in technology and scientific sectors to secure global talent strategically, although denial rates for H-1B petitions remain under 3%. The city's manufacturing and logistics remain important but face rising costs and fluctuating activity according to the New York Fed, which also reports a recent increase in manufacturing employment and work hours. Retail displays clear seasonal hiring spikes, as reported by the Bureau of Labor Statistics; retailers in the 2024-2025 winter built up 492,000 jobs nationally with a net retention of 29,000 workers post-season, indicating some increased stability in service employment.

Hiring timelines have grown more staggered and protracted. InterviewPal finds that for entry-level roles in tech, candidates can wait 38 days for an offer; mid-level finance candidates typically navigate a 41-day cycle, while healthcare can see hiring finalized within 24-33 days. Government roles involve the slowest processes and largest delays, averaging over two months. Seasonal hiring remains critical in retail and hospitality, especially from October through January. Commuting patterns are gradually normalizing post-pandemic, but remote and hybrid work remain standard expectations for white-collar positions.

Recent government initiatives focus on inclusive hiring, workforce development, and upskilling programs to address shifting industry demands, while the city and state balance high tax burdens and incentives for business relocation. E-commerce growth, as flagged by the NYC Comptroller, is contributing to increased demand for logistics but is also straining city infrastructure, leading to new safety and regulatory responses.

While high housing costs and cost of living pressures persist, opportunities continue to expand in tech, healthcare, logistics, and creative industries. As of today, some examples of current job openings in New York City include a data analyst position at Google, a registered nurse at Mount Sinai Health System, and a retail associate role at Macy’s Herald Square.

Gaps remain in data on wage growth distribution across demographics and the granular impact of recent immigration policy changes at the neighborhood level. Key findings are that New York City's job landscape remains opportunity-rich but competitive, with growth led by healthcare, tech, and e-commerce sectors, and hiring cycles that vary widely by industry and level. Thank you for tuning in and remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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2 weeks ago
4 minutes

New York City Job Market Report
NYC's Resilient Job Market: Stability Amid National Slowdowns
New York City’s job market in late 2025 is experiencing moderate but steady growth despite nationwide slowdowns. While the official employment and unemployment statistics for October haven’t been released due to the government shutdown, regional payroll estimates from ADP indicate that private-sector employment rose by 41,000 jobs in October after a September dip. According to the Office of the New York City Comptroller, weekly initial jobless claims are up slightly from the previous year yet remain subdued, reflecting stability in the city’s labor landscape.

The current unemployment rate for New York City is unavailable due to federal data collection pauses, as confirmed by both Le Monde and JD Supra reports. Recent months saw layoffs primarily concentrated in Administrative, Social Services, and Health sectors, with notable activity from major employers like Amazon.

Major industries continue to anchor the city’s workforce, led by finance, healthcare, professional services, education, media, technology, and hospitality. Financial firms like JPMorgan Chase, healthcare providers such as NYU Langone, and tech giants including Amazon and Google are key employers. The city’s office market has shown moderate recovery, mirroring improving business sentiment and increasing in-person work, yet flexible arrangements are holding strong. Robert Half notes hybrid jobs made up about 30 percent of new postings in New York by Q3 2025, while remote work remains less common but stable.

Emerging growth sectors include technology, life sciences, and green energy. State and city government, under Governor Hochul and Mayor Mamdani, continue to invest in workforce development, targeting high-growth industries and offering new programs through the Department of Labor. In 2025, wage and hour reforms have increased the minimum wage to $17 per hour for downstate employees, according to JD Supra, supporting low-wage earners amid rising costs. New York State’s feedback-driven initiatives aim to boost training and placement for new jobs in competitive sectors.

Seasonal patterns persist with hiring spikes in retail, hospitality, and logistics during the holidays. Commuting trends lean modestly back to pre-pandemic levels; public transit use is recovering but still below historical highs, aligned with the city’s gradual shift toward hybrid work. Large and small businesses alike are adapting to legislative changes, preparing for more compliance requirements in 2026 as forecast by Wolters Kluwer.

In summary, New York City’s employment market is stable but faces headwinds from national economic uncertainties and recent data gaps. Finance, healthcare, and tech top the employer list, while new government programs and wage reforms shape the city’s workforce evolution. Key job openings currently advertised include data analyst roles at JPMorgan Chase, nursing positions at NYU Langone, and software engineering jobs with Google.

Thank you for tuning in and remember to subscribe. This has been a Quiet Please production, for more check out quiet please dot ai.

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2 weeks ago
3 minutes

New York City Job Market Report
New York City's Sluggish Job Market: Challenges and Opportunities in 2025
The New York City job market has cooled significantly heading into late 2025, with unofficial data from sources like ADP and Indeed confirming a months-long decline in job creation. ADP reports private sector employers added only 42,000 jobs in October, while employment analytics firm Revelio Labs estimates nonfarm payrolls actually dropped by about 9,100 jobs that month. Job postings on Indeed had fallen to their lowest level since 2021, with a year-over-year decrease seen across almost every major sector. The official unemployment rate in New York City stands around 4.3 percent as of September 2025, according to data cited by Rewire News Group, but the Federal Reserve Bank of New York notes that youth unemployment, for people aged 16–24, remains much higher at 13.2 percent. For recent college graduates ages 22 to 27, the Federal Reserve Bank of New York reported a jobless rate of 5.7 percent in March 2025, the highest outside the pandemic spike since 2014.

Major industries in the city still include finance, health care, retail, hospitality, tech, and real estate. Large employers remain financial giants like JPMorgan Chase, major hospitals and health systems, New York City public agencies, retail chains, hospitality groups, and expanding tech and media firms. However, new job creation is especially subdued in lower-margin industries such as restaurants, retail, recreation, and care work, all of which face tightening margins due to wage pressure and slowing consumer spending. The upcoming minimum wage increase to $30 by 2030, proposed and set to start phasing in, is likely to impact up to half the city’s workforce. City Journal and Congressional Budget Office analysis warn that such a wage hike could accelerate job losses and automation in these sectors, especially among youths and lower-skilled staff, and could dampen opportunities for mentoring and advancement.

While AI and automation have started to replace roles, especially in customer service and logistics, smaller firms have not adopted these technologies as quickly as larger enterprises. Tech and health are among the few actively growing sectors, with the share of artificial intelligence-related job postings expanding even outside traditional IT, according to analysis from Lightcast cited by the Hechinger Report. Government initiatives have focused on boosting resilient industries, supporting workforce retraining, and managing the transition to a higher minimum wage, but concerns about job scarcity, especially for new entrants, persist.

Commuting patterns and work-life balance remain challenging. U.S. Census Bureau data referenced by GOBankingRates highlight that New York’s mean commute times remain elevated compared to other metro areas, affecting worker satisfaction and productivity. Seasonal trends show traditionally strong hiring around the holidays has weakened; Challenger, Gray & Christmas note planned seasonal hiring in fall 2025 is well below pre-pandemic averages.

Recent developments see businesses hesitating to expand headcount, a "no hire, no fire" approach described by Federal Reserve Governor Christopher Waller and reflected in New York Fed surveys. Workers are staying in jobs longer due to fewer opportunities elsewhere, and quits as well as layoffs are low relative to historical norms. Wage growth has also slowed, with Indeed and ADP reporting pay increases plateauing even as living costs climb.

Notably, a government data gap due to a federal shutdown has hampered access to official, comprehensive labor market data, making private sector and survey reports even more critical for assessment. Economic risk remains, with the Federal Reserve and consumer surveys signaling caution for future unemployment levels amid slowing hiring and persistent uncertainty about business conditions.

Key findings: New York City’s job market in 2025 is defined by sluggish job growth, increased job scarcity for...
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3 weeks ago
5 minutes

New York City Job Market Report
NYC Job Market Outlook 2025: Cooling Trends, Living Wage Gaps, and Sector Shifts Amidst Federal Data Challenges
The job market in New York City in late 2025 is marked by slow but steady employment growth with signs of cooling in hiring, according to the latest private sector and anecdotal data discussed by Abby Joseph Cohen on Bloomberg Television. Labor demand among large companies is tempering, with cuts quietly increasing on some fronts, while smaller business trends remain less transparent due to a gap in robust labor statistics following disruptions in federal reporting. Despite these limitations, private sources suggest metro unemployment rates hover around 5 percent, higher than the national average, reflecting pandemic aftereffects and ongoing structural changes in the market. The Economic Policy Institute notes that the minimum wage in NYC is $16.50 per hour, notably less than a true living wage for this high-cost city, with projections showing nearly 37 percent of local workers may earn less than $30 per hour by 2030.

Historically strong sectors such as finance, healthcare, and professional services remain major employers. Tech and creative fields, boosted by venture investment and digital transformation, are expanding, alongside stable public services and education. School bus driver jobs are returning to pre-pandemic levels but remain about ten percent lower than in 2019, indicating uneven recovery within public sector roles. Tourism, once accounting for over 60 million visitors annually before COVID-19, continues to rebound, providing significant service, hospitality, and retail work opportunities. The city government recently adopted a $115.9 billion budget, allocating federal funds especially toward social services, education, and housing, which sustain considerable employment and drive hiring, per the American Action Forum.

Recent developments feature growing wage pressure, particularly for lower-income positions such as bus drivers, whose median pay increased 4.2 percent in the past year. Federal stimulus and relief programs helped bolster K-12 education employment, but the expiration of these funds presents challenges moving forward. Immigration policies and difficulties sourcing labor are contributing to tighter job supplies, influencing both the supply and demand sides of the market. Seasonal patterns persist, with hospitality, retail, and tourism jobs surging during summer and fall and slowing in winter. Commuting in and around NYC remains complex; hybrid and remote work are holding steady for many high-skilled occupations, reducing transit congestion but also affecting urban retail and foodservice sectors.

City initiatives focus on wage reforms, skills training, and inclusive hiring, echoing policy efforts stretching back to the Bloomberg administration. The market’s evolution shows a shift from legacy finance and manufacturing to tech, health, hospitality, and logistics. Crucial data from the Bureau of Labor Statistics is limited due to ongoing reporting issues, so listeners should note incomplete visibility on small business and gig economy trends.

Key findings show a cooling labor market, persistently high living costs outpacing wage growth, a recovering hospitality sector, and government intervention as a crucial stabilizer. For listeners seeking local jobs, current openings posted include a software engineer at Google New York, a public health outreach coordinator at NYC Health + Hospitals, and a retail associate at Macy’s Herald Square.

Thank you for tuning in and remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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3 weeks ago
3 minutes

New York City Job Market Report
New York Job Market Slows, AI Impact Felt, Healthcare Offers Hope in Uncertain Times
The New York City job market continues to face significant headwinds as 2025 progresses. The national unemployment rate rose to 4.3 percent in August, and job openings have plunged approximately 32 percent since ChatGPT's debut, according to Federal Reserve data. This broader slowdown reflects in New York's employment landscape, where the ratio of job vacancies to unemployed workers fell below one to 0.99 in July, marking the first time since 2021 that more Americans are out of work than jobs available.

Young workers aged 22 to 25 have been hit particularly hard, experiencing a 13 percent drop in job postings since 2022 in artificial intelligence-exposed fields like software development and customer service. The Stanford University report on AI's impact notes these professions are in substantial decline. Meanwhile, companies including Amazon, UPS, and General Motors have announced major layoffs, creating increased competition for available positions and making unemployment particularly challenging for New Yorkers seeking new opportunities.

Healthcare represents one of the few bright spots in the employment landscape. The U.S. Bureau of Labor Statistics projects nearly two million healthcare job openings annually over the next decade, with home health aides seeing nearly 740,000 new positions expected. These roles offer median annual pay around 35,000 dollars and require only a high school diploma with on-the-job training. Nurse practitioners, meanwhile, offer substantially higher compensation at approximately 130,000 dollars annually with 40 percent projected growth.

Government and engineering workers are receiving 4.5 and 4.2 percent salary increases respectively in 2025, while retail, customer service, and education workers receive just 3.1 percent. Manufacturing has rebounded with 4.0 percent growth driven by reshoring initiatives and Industry 4.0 transformations requiring skilled technicians.

The Federal Reserve cut interest rates in October, signaling concern about weakening labor market conditions even as inflation remains somewhat elevated above the two percent target. Occupational mismatch presents additional challenges, with 32.7 percent of job openings unable to be filled by unemployed workers whose recent experience doesn't align with current opportunities.

Current openings in New York include a Senior Employment Security Clerk position with the New York Department of Labor in Endicott, with applications due November 28, 2025.

Thank you for tuning in. Please subscribe for more labor market updates. This has been a Quiet Please production. For more, check out quietplease.ai.

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1 month ago
2 minutes

New York City Job Market Report
The Evolving Job Market of NYC: Resilience, Adaptation, and Emerging Trends
The job market in New York City in late 2025 remains one of the most dynamic in the country, although it has faced notable turbulence recently. According to ZipRecruiter, the average annual salary in New York City is approximately $131,284, with top earners making over $185,000. Manhattan continues to hold a slight edge in pay, but wage differences between boroughs are relatively modest. The employment landscape features nearly five million workers, supported by major industries including finance, healthcare, technology, hospitality, and media. The financial sector is anchored by Wall Street giants like JPMorgan Chase and Goldman Sachs; healthcare leaders such as NYU Langone and Mount Sinai are among the city’s largest employers, while the tech sector is seeing rapid expansion with companies like Google and Amazon investing heavily in new infrastructure and talent.

Recent labor statistics show the city’s unemployment rate is near 4 percent, tracking with national trends noted in The Week, though this rate has crept up for new college graduates, reaching 5.3 percent according to a Federal Reserve Bank of New York report summarized by NBC News. Job growth has slowed since mid-2024, with monthly gains hovering around the break-even range of 30,000 to 50,000 new jobs, as estimated by the National Community Reinvestment Coalition. The total number of job openings has dropped by 30 percent since the launch of generative AI tools like ChatGPT, according to AOL, reflecting changing hiring practices and automation’s growing impact.

Major industries dominate the landscape but emerging sectors are gaining ground, especially renewable energy, digital health, and AI-driven tech. The IENYC Employer Forum highlighted trends like flexible work arrangements and a stronger focus on skills-based hiring. Paramount’s recent layoff of 1,000 workers indicates some instability in entertainment, while other firms are expanding tech-related roles. Seasonal patterns show increased retail and hospitality hiring ahead of the winter holidays, but broader hiring is tempered by global economic uncertainty and local initiatives.

Commuting trends reveal more workers choosing hybrid and remote arrangements, reducing subway use and shifting demand toward local coworking spaces. The city government, under Mayor Adams and Governor Hochul, is responding with initiatives such as free bus routes, expanded affordable childcare programs, and an emphasis on green infrastructure projects. However, proposed corporate tax hikes—like the $5 billion increase advanced by candidate Zohran Mamdani—are stirring debate about the risk of corporations relocating and potential dampening of future job growth.

The market continues to evolve through automation, sustainability investments, and shifting employer needs. Data gaps remain in precisely forecasting long-term job openings and measuring the effect of AI on specific sectors, but most sources agree that NYC’s resilience is matched by ongoing adaptation.

Key findings show a solid but cautious employment market, high average salaries, acute competition for new graduates, shifting sector focus, and ongoing policy experimentation. Current openings include a software engineer at Google NYC, a nurse practitioner at Mount Sinai Hospital, and a financial analyst at JPMorgan Chase.

Thank you for tuning in and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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1 month ago
3 minutes

New York City Job Market Report
New York City's Uneven Recovery: Navigating Turbulent Job Market and Emerging Trends
New York City's job market presents a complex picture in late 2025, marked by significant challenges alongside pockets of growth. The private sector shows average annual compensation of approximately 109,000 dollars, with hourly wages around 52 dollars according to ZipRecruiter data from October 2025. However, the broader employment landscape has experienced considerable turbulence throughout the year.

The Bureau of Labor Statistics revealed that the labor market added 911,000 fewer jobs in the twelve-month period ended March 2025 than initially reported, indicating a more significant slowdown than previously understood. With revised numbers, job growth averaged only 44,000 per month in 2025, down from earlier estimates of 75,000. The current unemployment rate stands at 4.2 percent as of March 2025, reflecting ongoing stagnation in job openings across the metropolitan area.

Despite employment challenges, Manhattan's office market is experiencing remarkable vitality. CBRE Group reports that businesses signed leases for 23.2 million square feet of Manhattan office space in just the first nine months of 2025, representing the largest amount of new workspace rented during that period in nineteen years. Financial services continue driving this expansion, with major firms actively seeking prime Manhattan locations to attract top talent.

Amazon remains a significant employer in the state, having invested 52.3 billion dollars in New York since 2010 and supporting approximately 33,000 indirect jobs in construction, logistics, and professional services. The company pays fulfillment and transportation workers an average hourly base wage exceeding 23 dollars, with total compensation averaging over 30 dollars per hour including benefits.

Economic trends show real median incomes have fallen, poverty has risen, and income disparities have widened post-pandemic. Outmigration from New York City has concentrated among middle and low-income households, with affordability challenges likely driving departures. The government shutdown has further complicated economic assessment by halting collection and release of crucial employment statistics.

Growing sectors include logistics, technology, and financial services, though recent months have seen major employers announce layoffs, including the United States Postal Service eliminating 10,000 positions and Johns Hopkins University cutting 2,000 jobs nationwide. The city's economic resilience remains tested by persistent affordability pressures and labor market uncertainties.

Thank you for tuning in. Be sure to subscribe for more updates. This has been a Quiet Please production. For more, check out quiet please dot ai.

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1 month ago
3 minutes

New York City Job Market Report
Navigating New York City's Dynamic Job Market: Trends, Wages, and Opportunities in 2025
The New York City job market in late 2025 remains one of the most dynamic and diverse in the nation, shaped by robust financial, tech, healthcare, education, and media sectors. According to ZipRecruiter, the average annual salary is $154,317, with top earners approaching $210,601. Wage distribution reveals a solid middle layer, but opportunities for wage advancement are somewhat limited, and New York ranks 50th nationally for median salary growth. The city’s minimum wage rose to $16.50 per hour in October 2025 as New York joined other states in raising pay rates above the federal minimum of $7.25, a move reflecting the region’s high cost of living and state-level efforts to support workers, as reported by cfihaiti.com.

Employment statistics show a highly active labor force, with the securities industry particularly notable: DiNapoli’s office reports the sector employed over 201,500 in 2024 and is expected to retain similar levels this year despite a minor 3,000-job dip that may reverse in final figures. Financial services continue to lead office attendance, with 62% of finance employees working onsite, compared to 57% across other fields. The sector’s salaries and bonuses far surpass other industries, averaging $505,630 with a $244,700 mean bonus for 2024, fueling substantial contributions to city tax revenue and broader economic growth. Wall Street profits surged in 2025, potentially exceeding $60 billion, cementing finance’s status as a fiscal engine for the city and state.

Major employers include NYSE member firms, renowned hospitals, universities, media giants, and rapidly scaling biotech and pharma companies like Insmed, which topped Science Magazine’s 2025 Best Biopharma Employers list. Job trends increasingly favor positions in artificial intelligence, biotechnology, green energy, education, and advanced manufacturing. Science.org highlights that top employers excel in innovation and creative talent management, with notable growth in New York’s biotech and pharmaceutical hiring.

Recent developments include ongoing hybrid and in-office work transitions, gradual easing of pandemic-era remote norms, and continued investment in infrastructure, housing, and public services funded by industry tax receipts. Seasonal patterns persist, with hospitality, retail, and event sectors hiring heavily in summer and holiday periods, while professional services, education, and tech maintain steadier annual demand. Government initiatives include investments in training for emerging industries, small business support, and wage compliance enforcement.

Commuting trends reveal a partial reversal of remote work, especially in securities and banking, with mass transit maintaining strong ridership. City planners remain focused on improving transit access and multimodal linkages to support workers across boroughs.

Listeners should note that while New York maintains strong employment for professionals and skilled trades, the majority of U.S. workers lack access to so-called “quality jobs” with stability, advancement, and benefits, according to a new study covered by 10news.com. Data gaps persist for 2025 unemployment rates—recent official figures from nyc.gov and the Bureau of Labor Statistics reference 2023 and August 2025 but do not specify current percentages for New York City. There is ongoing debate about the overall job market health; some sources suggest resiliency, while others highlight pockets of stagnation and challenges for lower-wage workers.

As of today, three notable job openings in New York City include secondary special education teacher, teacher for the deaf, and special education inclusion teacher, with annual salaries ranging from $59,511 to $68,477 on ZipRecruiter.

Key findings: New York City’s job market is propelled by high finance, persistent innovation, competitive wages, and government support, though challenges remain for wage growth and...
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1 month ago
5 minutes

New York City Job Market Report
New York Job Market: Navigating Challenges and Opportunities in a Shifting Landscape
The job market in New York City is experiencing a mix of challenges and opportunities. With a significant hiring slowdown across the U.S., many workers are choosing to stay in their current positions rather than seeking new job opportunities. However, career experts suggest that asking for a raise is still viable, even in a shaky economy.

New York City has a higher unemployment rate compared to other major cities, but it remains a hub for various industries, including tech, healthcare, and finance. The city is home to major employers like Micron, which recently received approval for a $100 billion plant in Upstate New York. Growing sectors include clean energy and technology, with initiatives like Building Skills NY facilitating job placements in these fields.

The Labor Department reports around 7.2 million job openings nationwide, with unemployment at 4.3%. In New York City, employment trends are influenced by a strong economy in sectors like entertainment, despite higher costs of living. Recent developments include the New York City Council passing amendments requiring employers to report pay data, aiming to address pay equity.

For those looking for jobs, current openings include roles in data analytics, software development, and marketing. Commuting trends show a resurgence in public transportation use, reflecting the city's busy lifestyle. Government initiatives focus on enhancing employment opportunities and addressing economic disparities.

Key findings indicate a complex job market with both challenges and growth opportunities. Thank you for tuning in. Don't forget to subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.

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1 month ago
1 minute

New York City Job Market Report
New York City's Evolving Job Market: Resilience, Slowdown, and Shifting Dynamics in 2025
New York City’s job market in late 2025 continues to exhibit both resilience and signs of slowdown, shaped by global headwinds, local policy shifts, and ongoing demographic changes. According to the United States Federal Reserve, the city’s unemployment rate stood at 4.0 percent in August 2025, marking a slight increase over prior lows but still within a healthy range for a major urban center. However, Vanguard’s proprietary data highlights that the pace of job growth has decelerated sharply compared to the post-pandemic surge, with new private sector job creation dropping to just over 5,000 positions in the first seven months of 2025. This is a significant reduction from over 68,000 jobs during the same period the previous year.

New York continues to lead in the volume of job openings, but fierce competition among job seekers persists due to the size and desirability of its workforce, as reported by MarketWatch from Podium AI’s analysis of Bureau of Labor Statistics data. Major industries remain finance, health care, technology, hospitality, education, construction, and professional services. Health care, especially roles in home health and elder care, has become the central source of new job creation, while traditional high-wage sectors like finance and tech remain significant employers but have seen hiring slowdowns. The city’s economic engine is still powered substantially by its immigrant workforce, who make up over 44 percent of the labor force and outright dominate sectors such as construction, transportation, and home care, according to Vital City.

Recent policy developments include amendments by the New York City Council that, if enacted, will require employers with at least 200 employees to report demographic and pay data to facilitate pay equity analysis and identify disparities related to gender, race, and ethnicity. Meanwhile, broader headwinds such as federal budget cuts and policy changes on immigration are introducing new uncertainties for the city’s economy and workforce. Consumer sentiment indicators and private sector surveys suggest a labor market that is cooling but not collapsing, with layoffs holding steady at low levels despite slower hiring, as noted by both Vanguard and ISM survey data.

Seasonality plays a consistent role, with hiring typically peaking in late spring and early autumn, especially in retail, tourism, and hospitality. Commuting patterns are still rebounding as more employers adopt hybrid schedules, but there has been a persistent reduction in daily transit ridership from pre-pandemic levels, suggesting a lasting shift in work-from-home and flexible job arrangements.

Key government initiatives focus on wage transparency, expanding pay equity, and continued support for workforce training and inclusive hiring practices, all aiming to address structural disparities and maintain competitiveness. The job market’s evolution reflects technological disruption, international migration trends, and a slow but ongoing recovery from pandemic-era shocks.

According to the New York State Department of Labor, current job openings in late 2025 include a data analyst at NYU Langone Health, a project coordinator at Turner Construction, and a business operations associate at JP Morgan Chase. In summary, New York City’s job market is stable but faces slower growth, increased competition, and policy-driven adaptation. While official data remains the gold standard, recent government shutdowns and data collection challenges mean listeners should interpret trends with care.

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1 month ago
3 minutes

New York City Job Market Report
NYC's Job Market Softens Amid Economic Headwinds, Sector Shifts, and Policy Changes
The job market in New York City faces heightened uncertainty in late 2025, shaped by national economic headwinds, sectoral shifts, and substantial recent policy changes by state government. According to AOL News, employers across the United States added only 73,000 jobs in July, well below expectations, signaling a cooling labor market that is expected to persist through early 2026. The national unemployment rate rose to 4.2 percent in July, with forecasts from FactSet and the Labor Department indicating further increases towards 4.8 percent next year. State and city officials have responded to these challenges by increasing the maximum weekly unemployment insurance benefit from $504 to $869 as of October, Governor Kathy Hochul announced. The move was made possible by a nearly $7 billion investment to pay off the federal trust fund loan and is framed as critical support for unemployed New Yorkers navigating ongoing hardship.

The employment landscape remains varied, with a notable loss in the city’s financial sector. Fox Business and Partnership for New York City report that New York’s financial services industry lost 8,400 jobs between January and August 2024, and for the first time, Texas now boasts a larger financial workforce than New York. Major employers like JPMorgan Chase, Goldman Sachs, and Citibank remain, but many have expanded operations outside the city, favoring lower-tax environments and a more affordable cost of living elsewhere. Despite the contraction in finance, New York City continues to lead in banking jobs, with other metro areas closing the gap.

Other significant industries include technology, healthcare, media, professional services, and hospitality, many of which are currently growing. Tech companies such as Squarespace, Datadog, and Notion are hiring aggressively, as highlighted by Built In’s best places to work in NYC list. Healthcare is expanding with high demand for nurses, home health aides, and medical administrators, while retail and seasonal hiring typically accelerates each fall and winter, aligning with increased consumer activity.

Long-term trends show continued outmigration, with the U.S. Census Bureau reporting a roughly 4.5 percent drop in the city’s population from 2020 to 2024, driven largely by professionals and families seeking lower taxes and living costs in states like Florida, Texas, and the Carolinas. This migration has direct implications for the local tax base and consumer market. Commuting patterns have also shifted, with many office roles moving to hybrid or remote work, particularly in the tech and finance sectors; this has affected demand in transportation, food services, and central business district retail.

The city and state government’s recent initiatives, including increased unemployment benefits and solvency of the trust fund, aim to stabilize the market and support both workers and small businesses. Programs focused on retaining young talent, incentivizing graduates to stay, and bolstering small business resilience are also in various stages of rollout, though some critics, including Curtis Sliwa and others, argue for more aggressive tax relief and regulatory reform.

Recent data gaps include the lack of granular sector-by-sector hiring projections for 2026 and incomplete information on the impact of the maximum UI benefit increase at the borough level. Nonetheless, listeners can find current job openings at top NYC employers: Datadog is hiring software engineers, NewYork-Presbyterian Hospital seeks registered nurses, and Squarespace is recruiting customer operations associates.

Key findings: New York City’s job market is in a period of softening, with financial sector contraction partially offset by growth in technology and healthcare. Policy changes and state investment offer near-term relief for job seekers and business owners, but competitive pressures from other states and demographic shifts...
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1 month ago
4 minutes

New York City Job Market Report
New York's Job Market: Resilience, Shifts, and the Impact of Remote Work
The job market in New York City is displaying both resilience and vulnerability amid mixed national economic signals. According to recent commentary by Federal Reserve Governor Christopher Waller, the broader U.S. labor market is weakening, and while New York City-specific employment data for the fall remains incomplete due to federal government shutdowns, available private sector reports suggest similar softening trends, including employment contractions noted in nationwide payroll processing data. Most recent large-scale unemployment rates for the city are unavailable as of October 2025, but prior figures consistently placed New York City's rate slightly above the national average, reflecting ongoing recovery challenges since the pandemic as well as the city’s unique cost-of-living pressures and reliance on sectors still in flux.

New York City’s employment landscape is anchored by major industries including finance, technology, healthcare, education, and professional services, with the public sector also representing a significant share of jobs. Finance remains the city’s economic cornerstone, driven by Wall Street institutions and a thriving fintech ecosystem. Healthcare and social assistance continue to expand, buoyed by an aging population and post-pandemic service demands. The technology sector, especially in software, digital media, and e-commerce, has grown rapidly, though hiring momentum has slowed somewhat in 2025 amid national economic uncertainty. Hospitality, tourism, retail, and the arts, traditionally vital to the city’s economy, are still recovering, but not yet at pre-pandemic employment levels, especially in Manhattan’s core business and tourist districts.

Recent trends indicate that hybrid and remote work arrangements have become entrenched, particularly in white-collar professions, reshaping commuting patterns and office occupancy. Rush hour volumes on subways and buses have not returned to pre-2020 levels, and many workers now split their weeks between home and office, reducing weekday congestion but also impacting businesses reliant on daily commuter traffic. Seasonal employment is pronounced in tourism, retail, and outdoor recreation, with hiring spikes in late spring through early fall and a quieter period in winter months, except for holiday retail.

The NYC Department of Parks and Recreation, managing thousands of acres and facilities across the city, recently received a “B” rating in the City Council’s inaugural agency report card initiative, reflecting strong community engagement but also persistent understaffing and budget constraints. This illustrates broader municipal workforce challenges, where funding limitations can hinder service delivery and job security for public employees.

City government initiatives have focused on restoring pandemic-era budget cuts, particularly for parks and green spaces, and strengthening workforce development, especially in technology and healthcare training programs. The Adams administration has prioritized job growth in green energy, infrastructure, and climate resilience sectors, though progress depends on sustained investment and interagency coordination.

The market’s evolution points to a gradual shift toward tech, healthcare, and green jobs, even as traditional drivers like finance and tourism recalibrate. However, persistent inflation, tariff impacts, and the possibility of further federal interest rate cuts could soon influence hiring and wages across sectors. Data gaps remain due to federal reporting delays, making real-time assessment difficult for listeners.

Current job openings in New York City reflect the evolving market: a leading hospital network is hiring registered nurses for inpatient and outpatient roles, emphasizing flexibility in scheduling and cross-discipline collaboration. A fintech startup is seeking a senior software engineer with expertise in blockchain and cloud...
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1 month ago
4 minutes

New York City Job Market Report
NYC Job Market Trends: Challenging Landscape, Shifting Dynamics, and Persistent Disparities
The job market in New York City remains one of the most dynamic but also challenging in the nation, with recent private data—such as reports from Revelio Labs and ADP—pointing to essentially no job growth in September 2025, and reflecting steady losses outside of major sectors like healthcare and education. Economists note that smaller companies continue to be impacted most by factors like tariffs and restrictive immigration policies, and the absence of timely public data due to the ongoing government shutdown makes gauging the full picture increasingly difficult. As of September, estimates suggested a 3.3 percent unemployment rate for the broader New York City metro area according to analysis from Moody’s Economy.com, but there are indications that this may be understated, with labor market gauges from The Conference Board pointing to weakening employment prospects and rising unemployment pressures.

Major industries in New York City continue to be anchored by finance, healthcare, education, technology, business services, hospitality, and retail. Large employers such as JPMorgan Chase, Mount Sinai Health System, New York-Presbyterian, and a growing cluster of tech firms remain dominant. The healthcare and education sectors are registering the clearest gains in job creation, while areas like hospitality, retail, and small manufacturing are contending with slowdowns. According to ADP, big companies with more than 500 employees are faring better than small businesses in maintaining staff and pursuing new hires.

Recent developments include a noticeable surge in HR technology investments and a persistent tilt towards hybrid work models, as noted by the Society for Human Resource Management and The Conference Board. Employers remain cautious with hiring as cost containment and automation trends accelerate, contributing to ongoing layoffs and recruitment freezes in select industries. Seasonal patterns still see increased hiring activity in retail and hospitality during the holiday periods, but these have cooled alongside general consumer sentiment. Housing market constraints, described by Veros Real Estate Solutions, continue to hamper mobility as high housing costs and tight inventory make relocation and home buying challenging for many workers.

Commuting trends show a slow resurgence of public transit ridership but also a higher share of remote and hybrid work arrangements, reducing overall demand for daily commutes into the city core. Government initiatives are focused on supply-side reforms, boosting investments in manufacturing, and supporting job retention in education and healthcare, though recent fiscal constraints and data delays have stalled broader job creation programs.

The evolution of the New York City job market underscores the persistence of core sectors, rising automation, and the challenges faced by vulnerable populations. According to Visual Capitalist, approximately 13 percent of New York City’s population lived in poverty in 2024, or about 2.5 million people, with limited housing and constrained job prospects exacerbating hardship.

Key current job openings in New York City include a Data Analyst at a major finance firm, a Registered Nurse at a top hospital system, and a Software Engineer with a fast-growing tech startup. Data gaps remain due to the government shutdown, and listeners should note that private-sector data may overstate or understate real employment trends.

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1 month ago
3 minutes

New York City Job Market Report
New York City's Evolving Job Market: Navigating Challenges and Opportunities
The New York City job market in late 2025 is characterized by a general slowdown and increasing competition, especially for entry-level roles. Data from the Federal Reserve Bank of New York shows the city's unemployment rate is slightly above the national average at 4.3 percent as of August 2025, with recent college graduates facing even steeper challenges—unemployment among those ages 22 to 27 reached 4.8 percent this summer, marking a stark reversal from the historical norm of stronger youth employment. Business Insider, citing both the Bureau of Labor Statistics and private payrolls data, notes that monthly job gains have slowed and job openings fell to 7.2 million nationwide, with initial jobless claims in New York fairly stable but closely watched.

Major industries remain financial services, healthcare, technology, retail, hospitality, and construction, with notable employers like JPMorgan Chase, NYU Langone, Google, and Bloomberg. While healthcare, education, and construction continue to show hiring growth, tech and finance are downsizing, driven by layoffs and a slow recovery from prior pandemic surges. According to the Wall Street Journal and Oxford Economics, companies are leveraging artificial intelligence to boost productivity, reducing the need for entry-level and white-collar workers. This structural shift means today's workforce must adapt rapidly to new skills and roles.

Recent developments include a sharp decline in job postings for new grads, falling by fifteen percent in 2025 compared to the previous year, and a thirty percent increase in applications per job according to Handshake, a leading recruitment platform. The labor market shows fragility; monthly payroll growth averaged just 35,000 new jobs over the last quarter, down sharply from 168,000 through 2024 as reported by the Department of Labor. There has been relatively low layoffs but getting hired has become much tougher for those out of work.

Government initiatives in New York City target workforce retraining, expanded apprenticeships, and digital skills programs. At the same time, Governor Hochul has vocally challenged federal budget cuts that impact safety and emergency services, highlighting the importance of ongoing investment for economic stability and public security. Seasonal hiring patterns continue, with spikes seen in hospitality and retail toward the holidays, but a muted effect in 2025 due to reduced consumer spending and persistent inflation.

Commuting trends remain steady, with subway and regional rail ridership gradually rebounding though remote work still reduces daily flows into Midtown and FiDi. AI-driven work models, automation, and labor force stagnation hint at a lasting evolution of the city’s job market. Data gaps exist on granular job postings by borough, wage trends, and the full impact of ongoing automation; the recent government shutdown has delayed some critical labor reports.

Key findings indicate a tightening labor market, high competition for jobs—especially among new workers—the rise of automation, and persistent strength in healthcare, education, and construction offset by declines in finance and tech. For listeners considering new opportunities, current job openings include a registered nurse position at NYU Langone Health, software engineer at Bloomberg, and construction project manager at Skanska.

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2 months ago
3 minutes

New York City Job Market Report
New York City's Job Market in 2025: Resilience Amid Evolving Challenges
The New York City job market in late September 2025 is defined by moderate opportunities, mounting economic pressures, and notable structural shifts. According to the Bureau of Labor Statistics, the unemployment rate in New York hovers around 4.3 percent, consistent with the national average, although some reports suggest that stability masks underlying concerns like slowed hiring and sector-specific job cuts. The second quarter of 2025 saw employment numbers decline, with over 1,800 layoffs announced across New York State in September alone, including notable cuts at major employers such as Goldman Sachs in Manhattan and CyraCom International in Queens, as cited by Hudson Valley Post. While unemployment has increased by around half a percentage point compared to last year, it remains below historical highs and still signals a market that is tight for certain high-skill roles.

New York City's employment landscape leans heavily on finance, healthcare, professional services, tourism, education, retail, and tech. Major employers in the city continue to include names like JPMorgan Chase, NewYork-Presbyterian, and large tech firms. As Morningstar sees it, growth in healthcare and social assistance has played a dominant role in national and local job creation for 2025, accounting for nearly 87 percent of private payroll gains. Tech, especially artificial intelligence and cybersecurity, also remains a growth sector as investment persists despite wider hiring slowdowns. Hospitality and leisure jobs improved somewhat over the summer, aided by robust tourist activity, as noted by economic reporting from Bloomberg Economics.

The past year has seen a pattern of seasonal rises in unemployment as recent graduates enter the workforce and tourist seasons fluctuate. This summer, joblessness grew by about 2,000 people, matching seasonal bumps seen in previous years. Nationally and locally, rising inflation rates, now at roughly 2.7 percent year-over-year, and sustained high housing costs have placed pressure on wages and job seekers’ spending power.

Commuting patterns show that the city's workforce continues to rely on mass transit, though flexible work-from-home policies—adopted since the pandemic—persist in finance, tech, and media, leading to reduced weekday ridership on subways and regional trains. This hybrid model is expected to stay a fixture of city employment.

Government initiatives focus on workforce retraining, expanded apprenticeship programs, and incentives for companies investing in green energy, technology, and small business development. Local programs also seek to strengthen the pipeline for healthcare, AI, and skilled trades to match employer needs with New Yorkers in search of stable careers.

Recent developments include the Federal Reserve’s rate cuts in September, easing some borrowing pressures for businesses, though many employers remain cautious, with some large firms reducing workforce expansion plans in anticipation of slower growth. At the same time, the city is benefiting from continued migration of workers from other states, as well as growth in entrepreneurship and gig work—a persistent theme in the evolution of the market.

Current job openings illustrate both continuity and change. As of this week, NewYork-Presbyterian is hiring registered nurses for its Manhattan campuses, Google is seeking data analysts for its Chelsea office, and CVS Health has open pharmacy technician roles across multiple boroughs. While labor market risks remain—especially for lower-income and less-skilled workers—New York City continues to offer a breadth of jobs in global industries and growth sectors.

Key findings: While job growth has slowed, healthcare, tech, and hospitality provide resilience in the NYC job market. Unemployment remains moderate but bears monitoring, as large layoffs and cost pressures mix with opportunities in expanding sectors. Hybrid work...
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2 months ago
4 minutes

New York City Job Market Report
New York's Resilient Yet Challenging Job Market: Unemployment Rises, Upskilling Lags Amid Affordability Woes
The New York City job market in late 2025 reflects a blend of persistent economic resilience and significant new challenges. According to the New York City Employment and Training Coalition’s latest report, the city’s employment landscape remains vast and diverse, anchored by major industries like finance, health care, education, technology, and hospitality. Large employers such as JPMorgan Chase, Mount Sinai Health System, and the New York City Department of Education continue to play a central role, while health care, finance, and technology have shown relative stability or growth. However, job creation has slowed notably, in line with national trends, averaging fewer than 30,000 new jobs a month for the country and mirroring tepid hiring locally, as reported by Reuters and the Labor Department. Unemployment in New York City has edged up during 2025, with rates for the broader metro area approaching 4.3 percent, a near four-year high, driven by weak job growth, mismatches in worker skills, and heightened uncertainty.

Entry-level and recent college graduates are finding it especially tough to secure positions, as job postings for junior roles are down 7 percent from the prior year, according to economist Allison Shrivastava at Indeed Hiring Lab. Most sectors—including technology, legal, and scientific research—are posting fewer openings than last year, with scientific research and development jobs down almost 25 percent due to federal spending cutbacks. Notably, banking, finance, and health care recruitment have managed slight growth, with physician, surgeon, and finance job listings continuing to trend upward.

The city’s workforce programs are facing scrutiny, as public investment remains concentrated in low-wage, low-mobility positions while comprehensive upskilling has lagged. Affordability trends deeply affect the labor picture. The median asking rent has reached $3,491, eating up more than half the average household’s income, driving calls for higher wages and program reforms to close the mobility gap.

Commuting trends reflect hybrid work gains, but high transit and housing costs persist, driving more New Yorkers to consider jobs in adjacent industries or gig work, while city government has increased support for minority- and immigrant-owned small businesses, workforce training, and tenant protection. Seasonal employment remains a factor, especially in hospitality, retail, and arts sectors, with peaks during major holidays and tourism surges. Recent federal and local initiatives to address hiring softness include wage supports, expanded upskilling programs, and renewed city investment in green technologies and health care pipelines.

Job openings this week in New York City include a staff nurse position at NYU Langone Health, a financial analyst role at Goldman Sachs, and a data coordinator at the New York Public Library. Listeners should note that some statistics lag or are subject to revision, and sector-specific nuances may vary rapidly given ongoing economic headwinds and policy changes. Key findings: New York’s economy remains robust in core sectors but faces serious affordability and upskilling hurdles, with job growth slowing, unemployment edging higher, and pressure building to better connect workers and opportunities.

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2 months ago
3 minutes

New York City Job Market Report
New York's Uneven Job Recovery: Challenges for Entry-Level, Youth, and Minorities
New York City’s job market in 2025 reflects a combination of resilience, uneven recovery, and new pressures from technology, demographics, and policy shifts. According to the Bureau of Labor Statistics, the overall U.S. unemployment rate reached 4.3 percent in August, its highest in more than a year, while the rate in New York City closely mirrors this national trend. Black unemployment in New York City stands out at 7.5 percent, its highest level since 2021, with economists warning that this spike may signal challenging times ahead for marginalized groups and for the broader job market. Federal Reserve Chair Jerome Powell emphasized at a September press conference that young people and minorities, particularly new graduates, are facing significant obstacles finding employment, as companies are in a “no hire, no fire” phase, maintaining current staff but adding few new positions. Entry-level and white-collar roles have been especially hard hit, with Fortune and Goldman Sachs reporting a major slowdown in hiring, making it harder for recent college graduates and Gen Z job seekers. Notably, it now takes an average of 12 weeks for young unemployed workers to find a new position, compared to just 10 weeks pre-pandemic. In response, more young people are bypassing degrees in favor of skilled trades as job prospects shift.

New York City’s major industries—financial services, healthcare, tech, tourism, media, and education—continue to be central employers, but sectors such as professional services and finance have seen only tepid hiring or outright contraction, while healthcare and clean energy buck the trend with vital and sometimes expanding opportunities. E2’s 2025 Clean Jobs America report finds that clean energy added jobs three times faster than the broader labor market in 2024, even as investment in the sector flagged under policy uncertainty. At the same time, city budget growth has been restrained, rising 25 percent since 2019, reflecting a cautious public sector approach and limiting government job expansion.

The employment landscape also indicates evolving commuting and workplace dynamics, with flexible and hybrid roles still in demand, but fewer tech-sector job postings than in the early 2020s. There is a shadow of long-term “scarring effects” on earnings and career advancement for new graduates who start their working lives in a tight market, based on recent analysis by Stanford and other labor economists.

Recent developments include increased government attention to job training, especially for digital skills and trades, efforts to attract manufacturing and green jobs, and ongoing evaluations of the effects of tariffs and tighter immigration on the city’s labor pool. Seasonally, summer and back-to-school periods traditionally spur hiring, but 2025 has seen a weaker rebound, with companies exercising caution and maintaining hiring freezes in several sectors. Official data also notes that the share of Americans with a bachelor’s degree is now 37.5 percent, fueling increased competition for roles that require higher education, and compounding pressures on new graduates.

Key findings for listeners: New York City’s job market is experiencing its weakest growth since 2010 excluding the pandemic, entry-level workers face an uphill battle, and racial and youth unemployment gaps are growing. Still, healthcare and clean energy offer relative stability and some expansion, while city and employer investments in skills training are ongoing despite budget caution. Among current job openings, listeners can find positions such as a data analyst at NYU Langone Health, a clean energy project coordinator at Con Edison, and a teacher with the NYC Department of Education. Thanks for tuning in, and don’t forget to subscribe. This has been a Quiet Please production, for more check out quiet please dot ai.

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2 months ago
4 minutes

New York City Job Market Report
New York City's Evolving Job Market: Resilience, Challenges, and the Shifting Landscape
New York City’s job market in late 2025 displays resilience but faces mounting headwinds with a complex employment landscape. According to the Bureau of Labor Statistics, the U.S. unemployment rate hovers near a four-year high at 4.3 percent, with New York experiencing a notable, though not extreme, increase in unemployment claims. The labor force in Manhattan and the broader five boroughs continues to be heavily service-driven, anchored by major industries such as financial services, healthcare, professional and business services, education, hospitality, tech, and retail. Built In NYC highlights the sector's dynamic nature, especially as the city’s tech ecosystem flourishes with artificial intelligence, fintech, healthtech, and e-commerce leading job creation among emerging companies and established firms. Wall Street remains a significant employer, with banks, fintechs, and consultancies providing thousands of roles, while major hospitals and education systems like NYU Langone and CUNY anchor employment in health and education.

Recent New York Times analysis shows a troubling trend in long-term unemployment for college graduates, as one-third of those unemployed for over six months now hold degrees, double the level from a decade ago — reflecting broader market realignment and the erosion of traditional office jobs. The city’s job growth is outpacing many forecasts, according to the New York Fed, with output projected to rise at 1.4 percent in 2025, but professionals continue to face challenges as both tech disruption and lagging sectors like print media weigh on total job counts. The Bureau of Labor Statistics reports steep job losses in legacy sectors such as newspaper publishing, retail, and manufacturing, highlighting a continued shift toward digital and knowledge-based roles.

Seasonal hiring patterns endure, with retail and hospitality ramping up ahead of the holiday season, while construction trades maintain steady demand throughout the year, boosted by ongoing large-scale development projects like those showcased at the New York Build Expo. Commuting trends reveal more workers embracing hybrid or fully remote jobs, especially within finance, tech, and creative fields, reflecting post-pandemic adaptation and higher operational flexibility. The city government continues to respond with workforce training initiatives aimed at retraining workers for high-demand sectors like healthcare, cybersecurity, and green construction, but substantial talent gaps remain in advanced tech roles.

Recent job postings underscore the evolving landscape: a software engineer at Braze, an AI product manager at WorkFusion, and a nurse practitioner at NYU Langone are currently sought after, with hundreds of similar openings available. Nevertheless, data remains limited on the size of New York’s informal workforce and the full effect of recent immigration policy changes — both of which impact labor supply and wage growth across the city. In summary, New York City’s job market is diversifying, with strong growth in knowledge and tech-driven fields, persistent declines in traditional industries, elevated unemployment for highly educated workers, and a continued need for public and private investment in upskilling. Thanks for tuning in, don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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2 months ago
3 minutes

New York City Job Market Report
Discover the pulse of employment opportunities with the "New York City Job Market Report," your ultimate guide to navigating the dynamic job landscape of NYC. Tune in every week as we discuss recent trends, industry insights, and expert analysis to help job seekers and hiring managers stay ahead of the curve. Whether you're an aspiring professional or an established industry leader, our comprehensive coverage of the Big Apple's employment scene will keep you informed and empowered. Don't miss out on the latest job openings, salary reports, and career advice tailored specifically for New York City's competitive market. Subscribe now to stay updated and make your next career move count!

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