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09/02/2016
Stats In the City
Crain’s New York Business has an annual “Stats and the City” segment. Following are some tidbits. [Aug. 22, 2016 edition of Crain’s]
--2017 is a mayoral election year and it’s interesting that in Democratic Mayor Bill de Blasio’s 2013 landslide, 76.1% of New York City registered voters stayed home.
De Blasio has a 42% approval rating. Others in their third year had similar numbers.
David Dinkins, July 1992... 41%
Rudy Giuliani, July 1996... 43%
Michael Bloomberg, July 2004... 49%
--From 2009-2015...the following sectors have seen the biggest job growth:
Professional and business services...130,700
Leisure and hospitality...117,200
Healthcare and social assistance...88,200
Trade, transportation and utilities...76,300
Retail...59,100
Educational services...49,400
Financial activities...25,500
--The number of NYC healthcare workers has grown from 432,800 in 1994 to 675,000 in 2016.
But 10 NYC-area hospitals have closed since 2010.
--The motion picture and sound recording industry in NYC has been booming; from 35,000 average annual jobs in 2004 to 52,000 in 2015.
52 TV shows are now produced in NYC vs. 14 in 2007-08. 336 films were shot in 2015 vs. a cycle low of 162 in 2012.
--Tourism is at an all-time high, with 59.7 million visitors in 2015 vs. 45.6m in 2009.
--Construction spending has zoomed from $2.6bn in 2009 to an estimated $10.5bn in 2017.
--The median apartment sale in Manhattan in 2016 thus far has been $1.1M, +13.1% over 2015, but sales are slowing, ditto the number of luxury-condo deals (sales of apartments $10M and up).
--Re the superrich....
Percent of income going to top 1%
1980...10% (U.S.)...12.2% (NYC)
1996...16.7% (U.S.)...25.6% (NYC)
2014...21.2% (U.S.)...39% (NYC)
Average income of the top 1% in Manhattan...$8,143,400
New York City has 79 of the Forbes 400, led by David Koch (net worth $41bn) and Michael Bloomberg ($38.6bn). Donald Trump is not one of the 79.
Sources: various.
Wall Street History will return in two weeks.
Brian Trumbore