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NYC hiring stalls; 8 of 9 industries cut jobs

Private education and health services was the lone sector to add jobs in 2025
The number of new jobs in New York City dropped from 1.46 million in 2024 to 181,000 in 2025. (Getty Images)
The number of new jobs in New York City dropped from 1.46 million in 2024 to 181,000 in 2025. (Getty Images)
CoStar Analytics
February 17, 2026 | 7:03 P.M.

New York City’s private sector job growth in 2025 was driven almost entirely by a single industry, masking widespread weakness across much of the economy.

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News | NYC hiring stalls; 8 of 9 industries cut jobs