Since 2008, outer-borough private jobs grew 3 times faster than Manhattan

Tech employment is rising in all boroughs, thanks to the industry’s prominence in the citywide economy, according to an op-ed in the New York Times by the economic strategist at the Progressive Policy Institute. This perspective seems to be somewhat corroborated by the map recently promoted by NYC DoITTT, that we reported on earlier this week.

Though Brooklyn’s unemployment rate is still above 9.5 percent, there is hope.

From the op-ed:

The rapid growth of minorities in New York tech jobs reflects, in part, the soaring number of tech degrees earned by minorities in recent years. For example, bachelor’s degrees in computer and information sciences granted to Hispanic students have risen by more than 40 percent nationally over the past three years, according to data from the National Center for Education Statistics. That supply is then sucked up by the tightness of the city’s technology and information labor markets, which has forced local employers to reach out beyond the usual sources.

The boom has also produced benefits across all five boroughs: Private-sector jobs in the outlying boroughs rose by 9 percent from mid-2008 to mid-2013, while private-sector jobs in Manhattan are up only 3 percent over the same stretch. This pattern is the reverse of the financial boom years, when Manhattan generated jobs at a much faster pace than the rest of the city.

[New York Times]