NYC real estate sector loses 700 jobs

New York /
Jan.January 25, 2010 11:07 AM

The real estate industry saw approximately 700 lost jobs in the last month of 2009, according to the most recent monthly city employment report from Eastern Consolidated, while construction, considered a separate industry in the report, saw 600 jobs created during the same month. Eastern Consolidated considers the real estate industry to include brokerage firms, leasing agencies and management companies. The chart to the left details the industries in New York City that have seen the largest number of job losses. Overall, New York City saw 9,100 job losses during December, the report said. More than a third of the total lost jobs were in the public sector, with 3,300 public employees getting cut in December. Of those public sector jobs lost, the majority had been city government positions, with 2,500 New York City government positions getting slashed. The private sector saw 5,800 jobs lost, with accounting, restaurant, and retail jobs leading the charge, losing 1,400, 1,300, and 1,100 jobs, respectively. Since the start of the recession, New York City has lost a total of 142,900 jobs, according to the report.
TRD


Related Articles

arrow_forward_ios
(NYC Housing Authority, Google Maps, iStock)
Navillus seeks bankruptcy protection from NYCHA lawsuit
Navillus seeks bankruptcy protection from NYCHA lawsuit
Francis Greenburger of Time Equities (Greenburger via Michael McWeeney; iStock)
Rental-to-condo conversions drop 80% after 2019 rent law: report
Rental-to-condo conversions drop 80% after 2019 rent law: report
Total size of New York construction sites is smallest since 2010. (Getty)
New construction projects off to slow start in 2021
New construction projects off to slow start in 2021
(iStock)
Brooklyn construction union boss convicted in bribery scheme
Brooklyn construction union boss convicted in bribery scheme
Building Trades Employers’ Association CEO Lou Colletti and City Planning Commissioner Chair Marisa Lago (iStock)
City bill would force general contractors to get licensed
City bill would force general contractors to get licensed
Workers at the location, 526 Gulf Avenue in Staten Island, are being told that they do not have to wear masks in areas not monitored by cameras. (Google Maps, iStock)
“Save us, Jeff Bezos!” Worker says Amazon contractor shuns Covid safety
“Save us, Jeff Bezos!” Worker says Amazon contractor shuns Covid safety
Housing starts soared in March, which is good news for a residential market hampered by low inventory and high demand. (iStock)
Good news: March housing starts soar 19%
Good news: March housing starts soar 19%
The gains accounted for nearly a third of overall job growth. (iStock)
Construction, leisure & hospitality jobs rebounded in March
Construction, leisure & hospitality jobs rebounded in March
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...