Indeed sees strong NYC job market, but mix of jobs not ideal for future growth
Paul D'Arcy, Executive VP of Indeed speaking about NY City job growth at Greater NY Chamber breakfast meeting
Paul D'Arcy presented research from job site Indeed showing that New York's job market, while seeing solid growth, is struggling to add jobs that will lead to long-term growth both for employers and job seekers. While cyclical industries such as hospitality and construction have boomed, areas such as financial and information services have declined. To thrive in the future the city must look for ways to attract and keep employers in high-growth areas such as business and finance, technology, and healthcare. New York City continues to be very popular among job seekers internationally, as well as high-skilled workers in areas such as technology. But Indeed sees domestic migration from people looking to leave the city, particularly among Generation X workers, with 1 in 5 searching for jobs in other cities.