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Manhattan, NY : Retail Snapshot - Q2 2014

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Manhattan, NY : Retail Snapshot – Q2 2014

The U.S. economy continued to grow at a healthy pace in 2014 adding more than 15,000 jobs in April and May. Office-using employment accounted for more than a third of that growth (+5,200 jobs). The second quarter experienced a reversal of recent trends as the financial sector, which has been flat for three years, added roughly 2,000 jobs, while the creative sectors including technology, advertising, media and information (TAMI) lost 4,000 jobs. Over the past three years, these industries have added 30,000 jobs. Overall, New York City (NYC) continues to add jobs at a healthy pace, and, if the national economy accelerates as expected in the second half, NYC should continue to experience healthy job growth.

Source : Cushman & Wakefield

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