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​​New York City Employment Report: Q4 2022​

Lori Albert • 1/18/2023
This report provides a snapshot of New York City’s labor market and underscores the recovery since the market bottomed in April 2020.

Prior to the COVID-19 pandemic, employment throughout the region reached a historic high of 4.6 million jobs, with 1.5 million office-using employees. The widespread effects of the pandemic led to a lockdown, ultimately causing a sharp drop in economic activity. As a result, nearly 1.0 million jobs were lost. Unlike prior downturns, job growth returned rather quickly, with 886,600 jobs added since the trough, pushing total employment to 4.6 million jobs. Since then, total nonfarm employment has surpassed the previous peak by 3,600 jobs, while office-using employment gained 49,700 jobs, rising to an all-time high of 1.5 million workers. 


Lori Albert New York Director
Lori Albert

Director, Manhattan/Long Island Research
New York, United States

+1 (212) 841-7876 x337876

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Reed Hatcher Senior Manager New York City Research
Reed Hatcher

Senior Research Manager
New York, United States

+1 (212) 5994422

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