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Ken McCarthy, Cushman & Wakefield Ken McCarthy, principal economist, Cushman & Wakefield

NEW YORK CITY—Using seasonally-adjusted data, New York City has added 21,000 private sector jobs in February 2018, with average weekly earnings up 1.3%, adjusted for inflation, from February of last year.

Looking at the last decade, Cushman & Wakefield principal economist Ken McCarthy tells GlobeSt.com. “It has been an extraordinary period of growth for New York City, which has added more jobs faster than any period in its history. It has been a remarkable performance since the expansion began.” Considering New York was the financial capital, it bounced back with surprising resiliency, demonstrating an impressive performance dating back to 2008, says McCarthy.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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