New York Q4, 2019 Employment Statistics

  • 650,316 employers, up 1.0% from 644,184
  • 9,686,453 employees, up 0.8% from 9,605,897
  • $1,499 average weekly wage, up 3.7% from $1,445
  • The average weekly wage is 26.5% above the national average
  • The cost of living is 39.1% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 6,132, which is an increase of 1.0%. The number of employees in New York increased by 80,557, an increase of 0.8%. During this same period, the average weekly wage increased by $54, an increase of 3.7%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 6,004 or 1.0%. Growth in private businesses in New York grew slower than the national average of 2.5%. The number of employees in these businesses increased since last years' Q1, increasing by 76,480 or 0.9%. The growth in employees of private businesses in New York was slower than the national average of 1.2%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $59 or 4.0%. Growth in average weekly wage of employees of private businesses in New York grew faster than the national average of 3.8%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Retail trade with 11.2% of the businesses in the state. The number of businesses in this sector declined by 2.4%. Other services (11.0%), which decreased by 1.6% and Professional services (10.8%), which decreased by 1.5%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Waste services8702.3%
Educational services1001.1%
Company management340.9%
Information760.6%
Utilities30.5%
Agriculture and forestry-9-0.3%
Arts and entertainment-37-0.3%
Construction-227-0.5%
Real estate and rental-159-0.5%
Healthcare-449-0.8%
Transport and warehousing-185-1.5%
Professional services-1,081-1.5%
Other services-1,166-1.6%
Accommodation and food services-910-1.7%
Retail trade-1,774-2.4%
Manufacturing-462-2.8%
Finance and insurance-950-3.3%
Wholesale trade-1,207-3.5%
Mining and oil extraction-22-6.0%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 17.0% of the employees in the state, had an increase in employees of 3.6% in the last year. Retail trade (9.6%), decreased by 1.9% and Accommodation and food services (8.0%), decreased by 0.4%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Transport and warehousing12,1334.4%
Healthcare58,1283.6%
Waste services17,8353.4%
Agriculture and forestry3561.3%
Professional services7,3561.1%
Finance and insurance3,0700.6%
Educational services1,8550.5%
Company management5690.4%
Arts and entertainment3680.2%
Information810.0%
Real estate and rental-1200.0%
Other services-1,204-0.3%
Accommodation and food services-3,025-0.4%
Construction-3,107-0.8%
Utilities-533-1.4%
Wholesale trade-4,661-1.4%
Mining and oil extraction-78-1.6%
Retail trade-17,922-1.9%
Manufacturing-9,086-2.1%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Finance and insurance paying $4,168per week compared with the state average of $1,517. Weekly wages in this sector rose by $142 or 3.5%. Company management ($2,979), rose by $10 or 0.3% and Information ($2,697) increased by $177 or 7.0% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Waste services$12511.3%
Arts and entertainment$957.1%
Information$1777.0%
Accommodation and food services$345.8%
Mining and oil extraction$795.7%
Professional services$1345.4%
Retail trade$395.4%
Agriculture and forestry$375.0%
Other services$374.4%
Construction$603.9%
Finance and insurance$1423.5%
Real estate and rental$473.0%
Wholesale trade$452.6%
Manufacturing$302.2%
Healthcare$232.2%
Utilities$452.0%
Educational services$141.1%
Company management$100.3%
Transport and warehousing$-1-0.1%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In New York. the industry with the most businesses is Restaurants and other eating places with 6.5% of the businesses in the state (with 42,511 employing 584,406 workers). The Restaurants and other eating places industry had 828 fewer businesses, a decline of 1.9% in the last year. Private households (3.2% of businesses) had 538 fewer businesses, a decline of 2.5% and Residential building construction (2.4% of businesses) had 56 fewer businesses, a decline of 0.4% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Professional employer organizations23446.2%
Motor vehicle metal stamping240.0%
Starch and vegetable oil manufacturing233.3%
Other consumer goods rental19830.9%
Apiculture428.6%
Other depository credit intermediation225.0%
Goat farming125.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Temporary help services94812.5%
Convenience stores45116.6%
Software publishers27815.8%
Professional employer organizations23446.2%
Other consumer goods rental19830.9%
Pharmacies and drug stores1192.2%
Real estate property managers1091.5%


Employees by Industry

Private households (3.2% of employees) had 538 fewer employees, a decline of 2.5% and Residential building construction (2.4% ofemployees) had 56 fewer employees, a decline of 0.4% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Credit bureaus820202.4%
Convention and trade show organizers1,52267.6%
Petroleum refineries1049.2%
Support activities for rail transportation8133.8%
Fiber yarn and thread mills1132.8%
Metal valve manufacturing78230.0%
Local messengers and local delivery1,90728.3%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Home health care services28,82811.7%
Professional employer organizations16,53927.4%
Commercial banking16,38918.1%
Services for the elderly and disabled15,2939.1%
General warehousing and storage7,00923.5%
Internet publishing and web search portals5,35913.0%
General medical and surgical hospitals5,2691.5%


Average Weekly Wage by Industry

The industry that pays their employees the most is Portfolio management, paying $11,498 compared with the state average of $1,517. Employees in the Portfolio management industry were paid $153 more per week, an increase of 1.3% in the last year. Independent artists writers and performers ($8,758) and Miscellaneous intermediation ($8,412) round out the top 3 industries. Employees in the Independent artists writers and performers ($8,758 per week) were paid $664 more per week, an increase of 8.2% and Miscellaneous intermediation ($8,412 per week) were paid $703 more per week, an increase of 9.1% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Petroleum bulk stations and terminals$2,01083.1%
Motor vehicle gasoline engine and parts mfg.$73059.2%
Open-end investment funds$2,20144.5%
Marketing research and public opinion polling$95638.4%
All other miscellaneous store retailers$38938.1%
Casinos except casino hotels$37237.0%
Other motor vehicle parts manufacturing$44031.2%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Open-end investment funds$2,20144.5%
Petroleum bulk stations and terminals$2,01083.1%
Marketing research and public opinion polling$95638.4%
Commodity contracts brokerage$84018.6%
Motor vehicle gasoline engine and parts mfg.$73059.2%
Miscellaneous intermediation$7039.1%
Financial transaction processing and clearing$68525.5%


Company Size

New York Businesses by Size

The solopreneur company, has the most businesses in New York by far. 65.0% of all businesses in the state have fewer than 5 employees. The 608,120 small businesses in the state represent 96.1% of all private businesses. The national average is 91.2%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) New York added 13,603 businesses in the last year, an increase of 2.2% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 13,402 businesses in the last year, which is an increase of 2.3% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 152 businesses in the last year, which is an increase of 0.7% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses added 49 businesses in the last year, which is an increase of 3.6% as compared to the national average of 2.1%.



New York Employees by Business Size

New York added 417,073 employees in the last year, an increase of 5.5% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 34,973 businesses in the last year, which is an increase of 6.1% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 65,412 employees in the last year, which is an increase of 2.4% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 316,688 employees in the last year, which is an increase of 20.1% as compared to the national average of 9.2%.

New York Avg Weekly Wages by Business Size

The smallest companies in New York (those with fewer than 5 employees) pay workers 1.3% more than the national average ($1,018 per week as compared to the national average of $1,005 per week). The largest companies in New York (those with more than 1,000 employees) pay 31.6% workers above the national average ($2,798 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses added $104 per week in the last year, which is an increase of 2.4% as compared to the national average of 3.1%. Employees of mid-sized businesses added $201 in wages per week in the last year, which is an increase of 4.0% as compared to the national average of 1.3%.

Employees of large businesses added $1 of weekly wages in the last year, which is an increase of 0.0% as compared to the national average of 2.1%.

Top Industries for Business and Employment

The table below illustrates the largest industries in the state, by number of businesses:

Table: Top 10 Industries by # of Businesses
Industry# Businesses% Change
Restaurants and other eating places42,511-1.9%
Private households20,656-2.5%
Residential building construction15,420-0.4%
Offices of physicians15,248-3.1%
Computer systems design and related services13,466-1.7%
Lessors of residential buildings13,259-1.1%
Offices of lawyers12,518-2.9%
Hair nail and skin care services10,947-0.6%
Management consulting services10,803-0.9%
Accounting and bookkeeping services9,317-0.7%


The table below illustrates the largest industries in the state, by number of employees:

Table: Top 10 Industries by # of Employees
Industry# Employees% Change
Restaurants and other eating places584,406-0.6%
General medical and surgical hospitals361,3561.5%
Home health care services275,88611.7%
Colleges and universities205,2701.2%
Services for the elderly and disabled183,6219.1%
Supermarkets and other grocery stores163,122-1.7%
Offices of physicians162,6490.3%
Management of companies and enterprises144,7210.4%
Nursing care facilities skilled nursing120,428-1.4%
Offices of lawyers120,0740.6%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Portfolio management$11,4981.3%
Independent artists writers and performers$8,7588.2%
Miscellaneous intermediation$8,4129.1%
Open-end investment funds$7,14744.5%
Investment advice$6,5403.7%
Investment banking and securities dealing$6,4097.2%
Coal and other mineral merchant wholesalers$5,5772.3%
Tobacco manufacturing$5,5111.6%
Commodity contracts brokerage$5,35818.6%
Securities brokerage$4,9370.2%




Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.