New York, NY – December 2023 Jobs Report – Big Apple Bites Back with Job Growth Despite Holiday Dip

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Overview: December’s jobs report for New York City presents a mixed bag. While overall employment showed modest growth, some industries felt the seasonal slowdown. However, the unemployment rate reached a record low, highlighting optimism for the city’s economic future in 2024.


  • Unemployment rate: 4.5%, the lowest recorded for New York City/County.
  • Job gains: Leisure & Hospitality, Trade, Transportation & Utilities, Professional & Business Services, and Social Assistance sectors added jobs in December.
  • Year-over-year growth: Positive employment growth compared to December 2022 in most industries.

Industries and Occupations that Grew:

  • Leisure & Hospitality: Restaurants, hotels, and tourism-related businesses experienced a seasonal uptick.
  • Trade, Transportation & Utilities: This sector, encompassing retail, transportation, and logistics, saw moderate growth, potentially due to holiday shopping activity.
  • Professional & Business Services: This broad sector includes healthcare, education, and legal services, all adding jobs in December.
  • Social Assistance: Increased government social service spending likely contributed to job growth in this sector.

Industries and Occupations that Shrunk:

  • Construction: This industry typically experiences a winter slowdown.
  • Manufacturing: Job losses in this sector were minimal.
  • Other Services: This includes personal care and laundry services, which may have seen reduced demand during the holidays.

Comparison to Same Month Last Year:

  • Overall employment: Up 0.8% compared to December 2022.
  • Unemployment rate: Down from 5.3% in December 2022.

Comparison to Previous Month:

  • Overall employment: Down 0.1% from November 2023.
  • Unemployment rate: Down from 4.6% in November 2023.

Future Outlook:

New York City’s job market exhibits continued growth potential in 2024, with opportunities across various sectors. Here are 10 occupations anticipated for significant growth:

  1. Registered Nurses
  2. Software Developers
  3. Home Health Aides
  4. Personal Care Aides
  5. Marketing Specialists
  6. Sales Representatives
  7. Customer Service Representatives
  8. Physicians
  9. Financial Analysts
  10. Truck Drivers

10 Companies Hiring Now:

  1. JPMorgan Chase
  2. Citigroup
  3. Bank of America
  4. Mount Sinai Health System
  5. NYU Langone Health
  6. Verizon
  7. Amazon
  8. Meta Platforms
  9. Deloitte
  10. Ernst & Young