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Service Industries Drive New York’s Economic Growth, Comptroller Reports

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Inform NNY

ALBANY, N.Y. (NEXSTAR) — State Comptroller Thomas DiNapoli released a report on Monday that showed service industries fueling New York’s economy. The data revealed that health care and education jobs dominate, while traditional manufacturing continues a decades-long decline.

“Service-providing industry sectors have powered job growth across New York state and have helped shape the 21st century economic landscape,” DiNapoli said.

DiNapoli’s office tallied service providers as holding more than 85% of the state’s almost 9.7 million jobs and said health care accounted for over 20% of all employment in New York. The New York State Department of Labor expects the health sector to grow another 27.8% by 2032, adding over half a million jobs that require new workers.

But a report from the Center for Health Workforce Studies at the University at Albany found that hospitals and nursing homes already struggled to hire and retain enough nurses in 2024, mostly blaming low salaries. The growing need for medical professionals for an aging population requiring more care unfortunately coincides with worker shortages in healthcare, and national data mirrors the local trend. A 2025 Oak Ridge Associated Universities study found that enrollment in nursing programs dropped 1.4% in 2024, while medical school enrollments fell for the third year in a row.