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