Job Growth Continues in Lower Manhattan, Report Finds

A new report shows strong job growth in Lower Manhattan since the September 11th attacks.

The Alliance for Downtown New York says private sector employment surged to more than 227,000 jobs in the fourth quarter of 2014.

It's the highest growth in the private sector since the end of 2001.

The alliance projects that the job growth will continue.

"We have roughly 300,000 people working in Lower Manhattan today. But we estimate there will be 40,000 new private sectors jobs that will be added between now and 2019," said Alliance for Downtown New York President Jessica Lappin.

The Alliance says the growth will benefit and impact workers across skill and education levels as new office space is completed in the area. 

It also expects to see a boost in both city and state tax revenues.

Charter Spectrum customers get full access
to all our video, including our live stream.

Tune to Spectrum News NY1 on TV, online, or on Local On Demand Channel 1020 for:

Road to City Hall, Mon.-Fri. at 7pm and 10pm
In Focus with Cheryl Wills, Sun. at 10:30am & 3:30pm
• On Stage, Sat.-Sun. 9:30am & 7:30pm + Tues. 12:30am
Sports on 1, nightly at 11:35pm and 4am