
Creating good-paying jobs: The real jobs story in NY emerges.
The story of this recovery has been that the vast majority of new jobs have been low-wage work in retail, restaurants and health care. What is missing from this narrative is that New York City is also creating a significant number of high-paying jobs in industries ranging from tech to advertising.
With the release of preliminary numbers for 2014 (more on that later), six key sectors have gained a total of 78,300 jobs since the recovery began, according to seasonally adjusted figures from independent economist Barbara Byrne Denham. The percentage increases are even more impressive, with a 50% jump in tech jobs and a 33% hike in advertising. None of the sectors grew by less than 20%. (Just for comparison's sake, retail positions rose by 21% and restaurants and bars by 35%.) With the exception of some areas of film and TV production, these are jobs for college graduates—many of whom are moving to New York rather than elsewhere.
Sectors with biggest gains during recovery
| Industry |
Jobs gained1 |
Total jobs2 |
Percentage increase |
| Technology |
22,200 |
66,200 |
50.2% |
| Film/TV |
9,300 |
55,400 |
21.0% |
| Accounting |
9,100 |
54,200 |
20.3% |
| Management consulting |
14,800 |
46,200 |
47.8% |
| Architect |
5,300 |
31,000 |
20.7% |
| Advertising |
17,500 |
69,900 |
33.7% |
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