01/27/2025 | Press release | Distributed by Public on 01/27/2025 10:47
January 27, 2025
Adams Administration Has Broken All-Time Jobs Record Eight Times Since Start of Administration, Unemployment Down Across All Demographic Groups
Milestone Follows Mayor Adams' 2025 State of the City Commitment to Make New York City Best, Most Affordable Place to Raise a Family
New York - New York City Mayor Eric Adams today celebrated that New York City has, once again, set another record for an all-time high total number of jobs in the city's history, with 4,770,981 total jobs, according to new data released by the New York State Department of Labor. This is the eighth time the Adams administration has broken the all-time high jobs record since Mayor Adams entered office. Included in the all-time high jobs number is an all-time high private-sector job record with 4,197,501 jobs.
"Today, our administration did my favorite thing: break records. For the eighth time since I've entered office, we have broken the all-time jobs records in our city," Mayor Adams. "Since day one, our administration has been committed to making our city more affordable; to ensuring opportunity reaches every borough, block, and neighborhood; and to giving working-class New Yorkers access to good-paying, fulfilling jobs. We're building a pipeline to ensure our young people and disadvantaged communities are on pathways to training opportunities and sustainable, full-time jobs. We know that our city's shared economic prosperity must hit every zip code and that no New Yorker should be left behind. That's why we are closing the gap and bringing jobs directly to the communities still facing unemployment. Finally, New York City will continue to lead the way in being a hub for new, emerging sectors - from life sciences and health care to tech and AI - our city will create the jobs of tomorrow, starting today because a job is more than a paycheck - it's the bedrock of financial and economic security and allows New Yorkers to find their passion. Together, our administration is going to help put New Yorkers back to work, continue to grow our economy, and ensure that prosperity touches every zip code as we make New York City the best place to raise a family."
In October 2023, the Adams administration first broke records for the most jobs in city history - one year ahead of schedule. Since breaking that first record, the administration has gone even further to help create jobs, including by connecting nearly 8,500 job seekers to employment, free training, and workforce development through its "JobsNYC" initiative. The Adams administration also unveiled the Green Economy Action Plan to support nearly 400,000 "green-collar" jobs by 2040 and secured the 2026 FIFA World Cup Final and other matches for the New York-New Jersey region that will have an economic impact of $2 billion and help create over 14,000 jobs. To ensure that every New Yorker has the chance to compete for city business, the Adams administration awarded a record $6.4 billion in minority-or women-owned business enterprise (M/WBE) contracts in Fiscal Year 2024 and ensured the highest agency utilization of M/WBEs in city history.
Under the Adams administration, New York City has a record 183,000 small businesses, with one in five current small business formed since the start of the Adams administration. The administration's Small Business Opportunity Fund has awarded more than $85 million in capital to over 1,000 small businesses since launching in 2023, while storefront vacancy rates have dropped for four consecutive quarters.
In June 2024, Mayor Adams celebrated the passage of his "City of Yes for Economic Opportunity" proposal, a set of citywide zoning changes the Adams administration introduced that will further fuel New York City's economic recovery and pave the way for a more inclusive and prosperous future for New York businesses. Together, the proposed set of changes will help businesses find space and grow, support entrepreneurs and freelancers, boost growing industries, and enable more vibrant streetscapes and commercial corridors - all helping contribute to more jobs in New York City.
As of November of 2024, the Adams administration had connected young New Yorkers to over 15,000 apprenticeship opportunities, more than halfway to the administration's moonshot goal of 30,000 apprenticeships by 2030 ahead of schedule. Additionally, in 2024, more than 100,000 young people participated in the city's Summer Youth Employment Program.