Service industry jobs dominate New York's economy while goods-producing jobs decline

New York’s economy is becoming dangerously over-reliant on the service sector, with over 85% of our jobs now tied to industries like healthcare and education that are heavily dependent on government funding and shifting economic cycles. We need our state and local leaders to stop the decline of goods-producing sectors by making New York more competitive for manufacturing and technology investments.

It is time to diversify our economy with high-growth, private-sector industries that provide long-term stability for all New Yorkers.

From a recent article in State of Politics:

“Service-providing industry sectors like health care, social assistance and food service have increased their share of total employment in New York over the last quarter-century while goods-producing sectors have continued a long decline, according to a report released Monday by state Comptroller Tom DiNapoli’s office.”