As noted in my prior post, the release of rebenchmarked annual average Current Employment Survey data from the Bureau of Labor Statistics shows that NYC lost the staggering total of 517,500 private wage and salary jobs from 2019 to 2020, by far the most since at least 1950 and probably the most ever. On a percentage basis only Hawaii fared worse among U.S. areas of significant size.
More recent data is even worse. The monthly e-mail from the New York State Department of Labor shows a decrease of 626,800 private sector wage and salary jobs (15.3%) in NYC from February 2020, before the shutdowns, to February 2021.
The annual average data shows that while the sectors that were shut down suffered the steepest job losses, there were significant decreases across all sectors – even health care. And yet annual average New York City local government employment was just 1,400 (0.3%) lower in 2020 than it had been in 2019. For state and local government combined the decrease was just 1,600 (0.3%).
Measured from February 2020 to February 2021, the NYC local government employment is down just 4,200 (0.8%), with a decrease of just 600 (0.4%) for elementary and secondary schools – despite falling enrollment. And Mayor DeBlasio has cut deals with the unions to guarantee no layoffs until half a year into the next Mayor’s term, regardless of circumstances or consequences.Continue reading