NYC loses construction jobs, adds other real estate positions in September: report

New York /
Oct.October 25, 2011 11:55 AM

New York City lost 900 construction jobs in September and added 100 real estate sector jobs, according to an Eastern Consolidated report with the most recent city employment data from the New York State Department of Labor.

Overall, the city lost 13,500 jobs last month, including 8,700 private sector jobs, marking a correction in an otherwise positive trajectory of job growth.

“Since bottoming in September 2009, New York City has added 82,200 jobs, or 2.2 percent. The U.S. has added 2.09 million jobs since its nadir, February 2010, a growth rate of 1.6 percent,” the report says. “The city is 36,400 private sector jobs short of its peak in April 2008, or 1.5 percent below. The U.S. remains 6.26 million private sector jobs short of its peak in January 2008, or 5.4 percent below.”

Construction jobs in the city are down 2.2 percent since December 2010 and 10.2 percent since September 2009. Real estate sector jobs, which include any positions within a real estate company, are up 4.5 percent since December 2010 and 2.2 percent since September 2009. — Katherine Clarke


Related Articles

arrow_forward_ios
Moinian's Joseph Moinian and Bushburg's Jordan Franklin with rendering of Empire State Dairy Company residences (Moinian Group, LinkedIn, Bushburg)
Bushburg, Moinian snag $105M loan for East New York luxury project
Bushburg, Moinian snag $105M loan for East New York luxury project
R-L: Willow's Kevin Danehy, Era Ventures' Clelia Warburg Peters, Fifth Wall's Brad Greiwe and The Real Deal's Hiten Samtani (Photo by Paul Dilakian)
Real estate tech is coming for your business
Real estate tech is coming for your business
From left: Assembly member Rodneyse Bichotte Hermelyn, Sen. James Sanders Jr. and REBNY's James Whelan (Getty, iStock, REBNY)
REBNY calls for larger fines. Wait, what?
REBNY calls for larger fines. Wait, what?
Buildots' Aviv Leibovici, Roy Danon and Yakir Sudry (Buildots)
Construction-tech firm Buildots raises $60M in Series C round
Construction-tech firm Buildots raises $60M in Series C round
A photo illustration of declining lumber prices (iStock)
Lumber prices drop to new 2022 low in continued slide
Lumber prices drop to new 2022 low in continued slide
Material Bank's founder and CEO Adam Sandow (Material Bank)
Design supplies marketplace Material Bank worth $1.9B after fundraise
Design supplies marketplace Material Bank worth $1.9B after fundraise
Battle of the builders: Ranking New York’s top general contractors
Battle of the builders: Ranking New York’s top general contractors
Battle of the builders: Ranking New York’s top general contractors
Eric Ulrich and Kazimir Vilenchik (Twitter via Eric Ulrich, LinkedIn)
Mayor taps Republican ex-Council member as buildings chief
Mayor taps Republican ex-Council member as buildings chief
arrow_forward_ios

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

Loading...