ICSC RECon, the major national event for the International Council of Shopping Centers, is being held this week in Las Vegas. It is one of the largest annual conferences for real estate professionals and retailers from around the globe to meet to form business relationships. Since New York City is one of the biggest retail capitals of the world, let’s take a look at employment trends in the retail sector for this past year.
The retail sector added 13,000 jobs in New York City year over year through March, and improved on the historical high employment numbers for the city during this time of the year with total retail employees reaching 352,300. This year-over-year change is stronger than the prior year’s growth, with a 30 percent increase in job creation. The 13,000 retail jobs added also mark the second highest yearly gain in March over the past 10 years, second to only the 13,900 jobs added in 2012. Read More