Real Estate, Take Notice! Manhattan's Share of Private-Sector Jobs Declines, Brooklyn's Increases

Manhattan’s share of New York City’s private-sector job market has continued its 50-year decline, according to a new report (PDF) from the Center for an Urban Future, a nonpartisan think tank based in the city.

Unsurprisingly, the borough still contains the majority of New York City’s private-sector jobs—61.6 percent. But Manhattan’s share has decreased steadily in the last half-century, and the 2008 figure was in fact not far from the all-time low, 2004’s 61.1...

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