Manhattan business employment dynamics: net change in jobs, 1992–2007
November 12, 2009
During the period from 1992 to 2007, a typical quarter in Manhattan yielded more than 100,000 gross job gains, with 4 out of 5 originating at expanding establishments.
At the same time, the Manhattan workforce generally experienced a comparable magnitude of job loss, with about the same proportion (4 in 5) of destroyed jobs involving contracting businesses (as opposed to closing businesses). The difference between the two measures—the net employment change—varied each quarter, usually amounting to less than 50,000.
Gross job gains each quarter ranged from 100,000 to 158,400 (seasonally adjusted) over the 1992–2007 period, while there were between 93,400 and 179,300 gross job losses each quarter. The largest net employment decline that occurred in any quarter in Manhattan was –58,000, during the fourth quarter of 2001, and the largest net gain, 28,800, occurred during the third quarter of 2000.
These data are from the Business Employment Dynamics program. The data measure the level of job change activity (positive and negative) behind the net change in employment. To learn more, see "Manhattan's financial sector and the 2005–07 employment dynamic" (PDF), in the Monthly Labor Review, October 2009.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manhattan business employment dynamics: net change in jobs, 1992–2007 on the Internet at https://www.bls.gov/opub/ted/2009/ted_20091112.htm (visited June 01, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.