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ExploreManhattan.com
Manhattan is the economic engine of New York City. Its most important economic sector is the finance industry. The 280,000 workers in the finance industry collect more than half of all the wages paid in Manhattan, although they hold fewer than one of every six jobs in the borough. The pay gap between them and the 1.5 million other workers in Manhattan continues to widen, causing some economists to worry about New York City's growing dependence on their extraordinary incomes. Those high salaries contribute to job growth, but most of this job growth occurs in lower-paying service jobs in restaurants, retail and home health care and not many jobs in highly paid areas.
In 2006 the average weekly wage in Manhattan was $1,453, the highest among the 325 largest counties in the United States. The national average was $784. Wages in Manhattan were also the fastest growing among the nation's 10 largest counties.
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Manhattan is the economic engine of New York City. Its most important economic sector is the finance industry. The 280,000 workers in the finance industry collect more than half of all the wages paid in Manhattan, although they hold fewer than one of every six jobs in the borough. The pay gap between them and the 1.5 million other workers in Manhattan continues to widen, causing some economists to worry about New York City's growing dependence on their extraordinary incomes. Those high salaries contribute to job growth, but most of this job growth occurs in lower-paying service jobs in restaurants, retail and home health care and not many jobs in highly paid areas.
In 2006 the average weekly wage in Manhattan was $1,453, the highest among the 325 largest counties in the United States. The national average was $784. Wages in Manhattan were also the fastest growing among the nation's 10 largest counties.
Make your offers!
