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NY State's Job Market Shifts: Service Sector Booms

NY State's Job Market Shifts: Service Sector Booms

New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 16, 20261m 56s

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Show Notes

New York States job market has undergone a significant transformation over the past quarter-century, with service industries now accounting for over 85% of the nearly 9.7 million jobs across the state. Health care and social assistance lead the pack, employing over 20% of the workforce, followed by educational services and retail trade. These sectors have seen substantial growth, with health care jobs surging by 63.3% from 2000 to 2024. Meanwhile, manufacturing jobs are projected to decline by 12% from 2022 to 2032, while health care and social assistance, accommodation and food services, and educational services are expected to grow.

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