New York Q2, 2019 Employment Statistics

  • 651,923 employers, up 2.3% from 637,107
  • 9,607,501 employees, up 1.3% from 9,484,633
  • $1,347 average weekly wage, up 3.9% from $1,296
  • The average weekly wage is 23.0% 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 14,816, which is an increase of 2.3%. The number of employees in New York increased by 122,868, an increase of 1.3%. During this same period, the average weekly wage increased by $51, an increase of 3.9%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 14,640 or 2.4%. Growth in private businesses in New York grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 119,979 or 1.5%. The growth in employees of private businesses in New York was faster than the national average of 1.4%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $51 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 2.9%. Other services (11.1%), which decreased by 1.6% and Professional services (10.8%), which decreased by 1.9%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Waste services7982.2%
Company management581.5%
Utilities40.6%
Arts and entertainment-22-0.2%
Educational services-40-0.4%
Information-68-0.5%
Real estate and rental-258-0.7%
Healthcare-619-1.1%
Agriculture and forestry-31-1.2%
Other services-1,176-1.6%
Construction-842-1.7%
Finance and insurance-511-1.7%
Professional services-1,391-1.9%
Transport and warehousing-276-2.2%
Accommodation and food services-1,222-2.3%
Retail trade-2,219-2.9%
Manufacturing-494-2.9%
Wholesale trade-1,253-3.5%
Mining and oil extraction-25-6.6%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 16.9% of the employees in the state, had an increase in employees of 4.1% in the last year. Retail trade (9.5%), decreased by 1.9% and Accommodation and food services (8.2%), decreased by 0.4%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Healthcare63,9144.1%
Waste services19,2923.7%
Transport and warehousing8,2163.2%
Construction6,1331.5%
Educational services5,3161.5%
Professional services9,5261.4%
Information3,6501.4%
Finance and insurance5,8431.1%
Arts and entertainment1,6110.9%
Mining and oil extraction400.9%
Company management9850.7%
Real estate and rental9350.5%
Other services1170.0%
Agriculture and forestry-57-0.2%
Accommodation and food services-2,721-0.4%
Manufacturing-2,700-0.6%
Utilities-372-1.0%
Wholesale trade-3,675-1.1%
Retail trade-17,663-1.9%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Finance and insurance paying $3,226per week compared with the state average of $1,326. Weekly wages in this sector rose by $99 or 3.2%. Company management ($2,734), rose by $161 or 6.3% and Utilities ($2,498) increased by $87 or 3.6% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Waste services$767.9%
Company management$1616.3%
Information$1396.2%
Accommodation and food services$315.6%
Retail trade$395.6%
Other services$374.7%
Arts and entertainment$444.7%
Professional services$864.2%
Agriculture and forestry$294.2%
Utilities$873.6%
Finance and insurance$993.2%
Transport and warehousing$303.1%
Construction$413.0%
Real estate and rental$393.0%
Healthcare$282.9%
Educational services$332.8%
Manufacturing$312.5%
Wholesale trade$352.2%
Mining and oil extraction$10.1%


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 42,420 employing 595,138 workers). The Restaurants and other eating places industry had 1,186 fewer businesses, a decline of 2.7% in the last year. Private households (3.3% of businesses) added 112 businesses, an increase of 0.5% and Offices of physicians (2.4% of businesses) had 508 fewer businesses, a decline of 3.2% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Automobile and light truck manufacturing266.7%
Starch and vegetable oil manufacturing350.0%
Professional employer organizations20541.7%
Motor vehicle metal stamping240.0%
Other consumer goods rental18127.5%
Other financial vehicles2527.2%
Other grain farming625.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Temporary help services1,21117.5%
Professional employer organizations20541.7%
Software publishers18611.3%
Other consumer goods rental18127.5%
Other outpatient care centers17819.6%
Convenience stores1515.8%
Private households1120.5%


Employees by Industry

Private households (3.3% of employees) added 112 employees, an increase of 0.5% and Offices of physicians (2.4% ofemployees) had 508 fewer employees, a decline of 3.2% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Credit bureaus818204.9%
Fishing3169.5%
Convention and trade show organizers1,33957.0%
Support activities for rail transportation10346.7%
Other financial vehicles22139.7%
Petroleum refineries736.0%
Metal valve manufacturing78830.8%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Home health care services32,17614.0%
Commercial banking17,63819.5%
Professional employer organizations15,34528.6%
Services for the elderly and disabled14,8669.1%
General warehousing and storage5,93425.0%
Internet publishing and web search portals5,16413.4%
Colleges and universities4,7112.6%


Average Weekly Wage by Industry

The industry that pays their employees the most is Pension funds, paying $8,107 compared with the state average of $1,326. Employees in the Pension funds industry were paid $680 more per week, an increase of 9.2% in the last year. Coal and other mineral merchant wholesalers ($6,586) and Credit bureaus ($6,056) round out the top 3 industries. Employees in the Coal and other mineral merchant wholesalers ($6,586 per week) were paid $938 less per week, a decline of 12.5% and Credit bureaus ($6,056 per week) were paid $1,569 more per week, an increase of 35.0% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Audio and video equipment manufacturing$2,251130.3%
Fabric coating mills$50644.0%
Other performing arts companies$34742.3%
Shoe stores$22742.3%
Credit bureaus$1,56935.0%
Toy and hobby goods merchant wholesalers$39130.4%
Advertising material distribution services$27029.0%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Audio and video equipment manufacturing$2,251130.3%
Credit bureaus$1,56935.0%
Electric power generation$68425.6%
Pension funds$6809.2%
Tobacco manufacturing$59021.9%
All other financial investment activities$51716.5%
Fabric coating mills$50644.0%


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 92.4%. (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 places42,420-2.7%
Private households21,3210.5%
Offices of physicians15,414-3.2%
Residential building construction15,149-3.0%
Computer systems design and related services13,554-2.5%
Lessors of residential buildings13,340-1.5%
Offices of lawyers12,666-2.8%
Hair nail and skin care services10,862-2.9%
Management consulting services10,823-0.9%
Accounting and bookkeeping services9,325-0.3%


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 places595,138-0.6%
General medical and surgical hospitals357,6931.3%
Home health care services262,17214.0%
Colleges and universities192,2542.6%
Services for the elderly and disabled177,5409.1%
Supermarkets and other grocery stores165,932-1.3%
Offices of physicians161,0050.8%
Management of companies and enterprises145,7090.7%
Nursing care facilities skilled nursing121,093-0.1%
Offices of lawyers119,0850.9%


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

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Pension funds$8,1079.2%
Coal and other mineral merchant wholesalers$6,586-12.5%
Credit bureaus$6,05635.0%
Portfolio management$5,4495.9%
Commodity contracts brokerage$5,328-3.9%
Investment banking and securities dealing$5,1000.8%
Miscellaneous intermediation$4,922-4.5%
Securities brokerage$4,577-2.0%
Investment advice$4,1095.0%
Reinsurance carriers$4,10811.6%




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.