News Release Information

15-2278-NEW
Wednesday, November 25, 2015

Contacts

Technical information:
Media contact:
  • (646) 264-3620

Employment and Wages in New York City - First Quarter 2015

Manhattan’s Average Weekly Wage Down 1.3 Percent

Average weekly wages in New York County, more commonly known as the borough of Manhattan, declined 1.3 percent from the first quarter of 2014 to the first quarter of 2015, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the decline to lower wages in the financial activities sector. Despite the over-the-year wage decline, Manhattan’s average weekly wage of $2,847 was the highest among the nation’s 342 large counties. (Large counties are defined as those with employment of 75,000 or more as measured by 2014 annual average employment.) Nationally, wages rose 2.1 percent over the year to $1,048. (See chart 1.)

The fastest employment gain among the City’s boroughs was in Brooklyn (Kings County), up 4.3 percent. (See table 1.) Nationally, employment grew 2.1 percent from March 2014 to March 2015. (See chart 2.)

 Chart 1. Wage change in the five counties of New York City, March 2014-15 and Chart 2. Employment change in the five counties of New York City, March 2014-15

 

Over-the-year wage changes

In the first quarter of 2015, 4 of the 5 counties of New York City recorded over-the-year increases in average weekly wages. Brooklyn, at 3.3 percent, was the only borough to experience an increase above the U.S. average, coming in 55th in the national ranking. Queens’ average weekly wages increased 1.4 percent and ranked 210th nationally. The Bronx (Bronx County) and Staten Island (Richmond County), with wage increases of 0.9 percent each, placed in the bottom quartile of the national ranking. As noted, Manhattan wages declined 1.3 percent.

In Manhattan, 3 of 10 supersectors with 1,000 or more employees reported over-the-year losses in average weekly wages. Manufacturing experienced the largest drop, 10.0 percent. Financial activities logged a 4.0-percent over-the-year loss and contributed the most to the over-the-year decline in the borough’s average weekly wage. By contrast, three supersectors registered wage gains of at least 4.0 percent—professional and business services (4.1 percent), construction (5.5 percent), and other services (6.5 percent).

Nationally, all supersectors reported over-the-year wage gains. The largest increase in average weekly wages also occurred in leisure and hospitality (3.4 percent), followed by professional and business services (2.9 percent), and natural resources and mining (2.8 percent).

Among the 342 largest U.S. counties, 297 posted gains in average wages over the year; 39 experienced declines. Olmstead, Minn., had the largest wage gain at 11.7 percent. Snohomish, Wash., recorded the largest decline, 4.8 percent.

Average weekly wages

Manhattan’s average weekly wage during the year ending in the first quarter of 2015 was more than two and a half times the national average—$2,847 compared to $1,048. Queens led the four other New York City boroughs with average weekly wages of $936. Brooklyn was the lowest-paying borough, with average weekly wages of $818. (See chart 3.)

Within Manhattan, the financial activities supersector had the highest first-quarter average weekly wage, $8,932. (See table 2.) Information had the second-highest average wage ($3,177), followed by natural resources and mining ($3,085) and professional and business services ($2,667). Manhattan’s leisure and hospitality supersector had the lowest average weekly wage, $834. Wages in every supersector were higher in Manhattan than their respective national averages.

Among the 342 largest counties in the nation, Santa Clara, Calif., trailed Manhattan with the second highest average weekly wage, $2,203, followed by Somerset, N.J., $2,080; San Francisco, Calif., $2,070; and San Mateo, Calif., $2,066. Four of the 10 counties with the highest wages in the nation were located in the greater New York area (New York, N.Y., Somerset, N.J., Fairfield, Conn., and Morris, N.J.), while the rest were located in or around the San Francisco area, the Washington, D.C. area, and the Boston area.

Employment

From March 2014 to March 2015, all five New York City counties gained jobs at rates at or above the national average of 2.1 percent. Brooklyn’s employment growth of 4.3 percent ranked 22nd among the nation’s 342 large counties, Queens’ 3.5-percent gain ranked 58th and the Bronx’s 3.2-percent gain ranked 76th. Manhattan registered an annual job gain of 2.6 percent, while Staten Island had an increase that matched the national gain. Within Manhattan, all supersectors with 1,000 or more employees reported over-the-year increases. Construction reported the largest employment growth (4.9 percent) followed by professional and business services (3.7 percent).

Nationally, employment increased in 323 of the 342 largest U.S. counties from March 2014 to March 2015. Utah, Utah, posted the largest increase, with a gain of 6.7 percent over the year. Conversely, employment declined in 17 of the large counties. Atlantic, N.J., had the largest over-the-year percentage decrease in employment (-4.3 percent).

Additional statistics and other information

QCEW data for states have been included in this release in table 3. For additional information about quarterly employment and wages data, please read the Technical Note or visit www.bls.gov/cew.

Employment and Wages Annual Averages Online features comprehensive information by detailed industry on establishments, employment, and wages for the nation and all states. The 2014 edition of this publication contains selected data produced by Business Employment Dynamics (BED) on job gains and losses, as well as selected data from the first quarter 2015 version of the national news release. Tables and additional content from Employment and Wages Annual Averages 2014 are now available online at http://www.bls.gov/cew/cewbultn14.htm.

 Chart 3. Average weekly wages, five counties in New York City, first quarter 2015

County employment and wage data for the second quarter 2015 are scheduled to be released on Thursday, December 17, 2015.


Technical Note

Average weekly wage data by county are compiled under the Quarterly Census of Employment and Wages (QCEW) program, also known as the ES-202 program. The data are derived from summaries of employment and total pay of workers covered by state and federal unemployment insurance (UI) legislation and provided by State Workforce Agencies (SWAs). The 9.5 million employer reports cover 137.4 million full- and part-time workers. The average weekly wage values are calculated by dividing quarterly total wages by the average of the three monthly employment levels of those covered by UI programs. The result is then divided by 13, the number of weeks in a quarter. It is to be noted, therefore, that over-the-year wage changes for geographic areas may reflect shifts in the composition of employment by industry, occupation, and such other factors as hours of work. Thus, wages may vary among counties, metropolitan areas, or states for reasons other than changes in the average wage level. Data for all states, Metropolitan Statistical Areas (MSAs), counties, and the nation are available on the BLS Web site at www.bls.gov/cew; however, data in QCEW press releases have been revised (see Technical Note below) and may not match the data contained on the Bureau’s Web site.

QCEW data are not designed as a time series. QCEW data are simply the sums of individual establishment records reflecting the number of establishments that exist in a county or industry at a point in time. Establishments can move in or out of a county or industry for a number of reasons–some reflecting economic events, others reflecting administrative changes.

The preliminary QCEW data presented in this release may differ from data released by the individual states as well as from the data presented on the BLS Web site. These potential differences result from the states’ continuing receipt, review and editing of UI data over time. On the other hand, differences between data in this release and the data found on the BLS Web site are the result of adjustments made to improve over-the-year comparisons. Specifically, these adjustments account for administrative (noneconomic) changes such as a correction to a previously reported location or industry classification. Adjusting for these administrative changes allows users to more accurately assess changes of an economic nature (such as a firm moving from one county to another or changing its primary economic activity) over a 12-month period. Currently, adjusted data are available only from BLS press releases.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Covered employment and wages in the United States, New York State, and five counties of New York City, first quarter 2015
Area Employment Average weekly wage(1)
March 2015 (thousands) Percent change, March 2014-15(2) Average weekly wage National ranking by level(3) Percent change, first quarter 2014-15(2) National ranking by percent change(3)

United States(4)

137,412.4 2.1 $1,048 -- 2.1 --

New York State

8,865.5 1.9 1,463 2 0.2 49

Bronx

297.6 3.2 901 183 0.9 256

Kings

649.7 4.3 818 265 3.3 55

New York

2,346.5 2.6 2,847 1 -1.3 331

Queens

621.3 3.5 936 160 1.4 210

Richmond

111.3 2.1 825 258 0.9 256

Footnotes:
(1) Average weekly wages were calculated using unrounded data.
(2) Percent changes were computed from quarterly employment and pay data adjusted for noneconomic county reclassifications.
(3) Ranking does not include data for Puerto Rico or the Virgin Islands.
(4) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.
 

Note: Covered employment and wages includes workers covered by Unemployment Insurance (UI) and Unemployment Compensation for Federal Employees (UCFE) programs. Data are preliminary.
 

Table 2. Covered employment and wages in the United States and New York County, first quarter 2015
Area Employment Average weekly wage(1)
March 2015 (thousands) Percent change March 2014-15(2) Average weekly wage Percent change, first quarter 2014-15(2)

United States(3)

137,412.4 2.1 $1,048 2.1

Private industry

115,901.4 2.5 1,056 2.0

Natural resources and mining

1,933.8 0.2 1,278 2.8

Construction

6,016.1 4.9 1,016 1.7

Manufacturing

12,219.9 1.4 1,275 1.3

Trade, transportation, and utilities

26,120.2 2.3 860 2.3

Information

2,717.9 0.7 1,959 2.5

Financial activities

7,723.3 1.7 2,161 2.0

Professional and business services

19,178.9 2.9 1,391 2.9

Education and health services

20,903.3 2.0 865 1.6

Leisure and hospitality

14,546.2 2.7 400 3.4

Other services

4,237.2 1.6 657 2.5

Government

21,511.0 0.4 1,006 2.3

New York, N.Y.

2,346.5 2.6 2,847 -1.3

Private industry

2,084.4 2.8 3,049 -1.5

Natural resources and mining

0.1 -8.7 3,085 -22.0

Construction

35.0 4.9 1,795 5.5

Manufacturing

26.9 0.9 1,615 -10.0

Trade, transportation, and utilities

256.8 1.1 1,352 1.3

Information

152.0 1.7 3,177 -0.8

Financial activities

361.9 1.6 8,932 -4.0

Professional and business services

532.3 3.7 2,667 4.1

Education and health services

332.7 3.0 1,215 1.2

Leisure and hospitality

280.0 3.2 834 3.1

Other services

99.0 2.0 1,153 6.5

Government

262.1 1.6 1,232 0.9

Footnotes:
(1) Average weekly wages were calculated using unrounded data.
(2) Percent changes were computed from quarterly employment and pay data adjusted for noneconomic county reclassifications.
(3) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.
 

Note: Covered employment and wages includes workers covered by Unemployment Insurance (UI) and Unemployment Compensation for Federal Employees (UCFE) programs. Data are preliminary.
 

Table 3. Covered employment and wages by state, first quarter 2015
State Employment Average weekly wage (1)
March 2015 (thousands) Percent change, March 2014-15 Average weekly wage National ranking by level Percent change, first quarter 2014-15 National ranking by percent change

United States (2)

137,412.4 2.1 $1,048 -- 2.1 --

Alabama

1,873.5 1.3 844 39 2.2 19

Alaska

322.2 1.0 1,051 15 2.6 10

Arizona

2,605.6 2.5 926 23 1.0 45

Arkansas

1,166.6 1.3 790 47 0.8 47

California

16,029.5 3.0 1,207 6 3.7 3

Colorado

2,458.0 3.7 1,071 13 2.4 16

Connecticut

1,640.5 0.8 1,382 3 1.5 35

Delaware

422.8 2.5 1,105 9 -0.5 51

District of Columbia

732.6 1.4 1,764 1 3.2 4

Florida

8,018.0 3.6 885 28 1.8 27

Georgia

4,107.0 3.5 989 18 1.7 31

Hawaii

633.7 1.3 881 31 2.8 9

Idaho

650.3 3.1 736 50 2.2 19

Illinois

5,724.6 1.2 1,130 7 2.4 16

Indiana

2,894.8 1.8 857 35 1.4 38

Iowa

1,504.3 1.3 848 37 2.9 7

Kansas

1,357.1 1.0 851 36 1.4 38

Kentucky

1,810.3 1.5 823 41 1.5 35

Louisiana

1,927.1 1.0 885 28 2.0 21

Maine

571.4 0.9 793 45 0.9 46

Maryland

2,540.8 1.2 1,113 8 2.5 12

Massachusetts

3,338.6 1.7 1,341 4 3.2 4

Michigan

4,079.5 1.8 969 21 1.9 24

Minnesota

2,709.2 1.8 1,079 12 4.3 1

Mississippi

1,102.3 0.6 711 51 0.7 48

Missouri

2,678.0 1.7 882 30 1.8 27

Montana

441.0 2.7 750 49 2.6 10

Nebraska

943.1 1.4 818 42 2.5 12

Nevada

1,227.7 3.7 865 34 -0.2 50

New Hampshire

623.5 1.5 982 20 1.2 43

New Jersey

3,834.6 1.4 1,288 5 1.9 24

New Mexico

798.7 1.4 805 43 1.5 35

New York

8,865.0 1.9 1,463 2 0.2 49

North Carolina

4,099.4 2.5 930 22 1.9 24

North Dakota

436.0 1.6 984 19 4.2 2

Ohio

5,144.5 1.4 922 24 1.4 38

Oklahoma

1,592.7 1.3 869 33 2.0 21

Oregon

1,748.7 3.5 919 25 2.9 7

Pennsylvania

5,606.9 0.9 1,031 16 2.4 16

Rhode Island

456.1 1.4 1,008 17 1.2 43

South Carolina

1,919.1 2.5 801 44 1.8 27

South Dakota

406.5 1.5 763 48 3.0 6

Tennessee

2,772.7 2.1 886 27 1.4 38

Texas

11,557.0 2.9 1,089 10 2.5 12

Utah

1,318.8 3.7 845 38 1.7 31

Vermont

303.9 0.9 824 40 2.0 21

Virginia

3,649.3 1.1 1,068 14 1.7 31

Washington

3,064.4 3.2 1,087 11 1.8 27

West Virginia

692.4 -0.3 792 46 1.4 38

Wisconsin

2,734.3 1.5 877 32 2.5 12

Wyoming

277.8 0.8 892 26 1.7 31

Puerto Rico

904.9 -1.1 524 (3) 1.0 (3)

Virgin Islands

38.5 0.0 738 (3) -0.7 (3)

Footnotes:
(1) Average weekly wages were calculated using unrounded data.
(2) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.
(3) Data not included in the national ranking.
 

Note: Data are preliminary. Covered employment and wages includes workers covered by Unemployment Insurance (UI) and Unemployment Compensation for Federal Employees (UCFE) programs.
 

 

Last Modified Date: Wednesday, November 25, 2015