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
