Contact:
Rubenstein
Justina Lombardo
(212) 843-8343
jlombardo@rubenstein.com
New York City construction industry employment rose for the fifth
consecutive year in 2016, surpassing 140,000 for the first time in at
least four decades, according to a New York Building Congress analysis
of New York State Department of Labor employment statistics available
since 1975.
In addition, the average annual wages earned by these workers
increased by an estimated 5.4 percent in 2016, which represents the
highest annual percentage increase since 2007, when wages increased 6.4
percent, and the first time since 2008 that wages had increased by more
than 3 percent in any single year.
The Building Congress analysis is based on a review of New York
State's Current Employment Statistics (CES) and Quarterly Census of
Employment and Wages (QCEW).
Employment
New York City produced an average of 146,200 construction jobs in
2016, a 5 percent increase from 2015, when 139,200 jobs were created.
Construction industry employment reached 129,100 in 2014 and 122,100 in
2013.
Based on an analysis of jobs data from the first half of this year,
the Building Congress estimates construction employment will rise
slightly further
