Never count NYC out, it always reinvents itself!

"New York ranks second only to San Francisco in terms of the growth of jobs in its tech sector over the last two years, according to a report released Thursday.

High-tech service jobs soared 22% in New York City in the second quarter from the same period in 2010, according to a report from CBRE Global Research and Consulting dubbed "Tech-Twenty Office Markets."

Read more: http://www.crainsnewyork.com/article/20120816/TECHNOLOGY/120819926#ixzz23oBUNDAP

sshhhh, don't you know that per the permabears, money is lost and never transferred?

silicon alley and saline greens takin over SoMi and jersey city respectively obviously only mean the death of off-off-broadway shows and south garment district duhh..

can someone teach me 4square? or is yelp still king these days, im getting old

I have one peanut. My neighbor has 157 peanuts. I gain two more peanuts -- WOO HOO! A 200% increase. My neighbor gets 10 more peanuts ... a measley 15% increase.

Doesn't make me Planter's Peanuts.

> more than half are contributed by assbook?

You mean Faceplant ? 50% OFF and counting from the IPO price!!!

*[Facebook Inc.is in a world of hurt on Wall Street but its employees are also feeling the sting of the stock's sharp sell-off.

For many staffers, the precipitous drop means their Facebook stock is not going to yield the returns they hoped, at least not right away. They have had to defer or downsize their dreams of buying a home or a new car.

"People made life plans and calculations," said a Silicon Valley chief executive who spoke on the condition of anonymity to preserve his relationships inside Facebook. "This is very, very painful."]

http://www.latimes.com/business/la-fi-0818-facebook-employees-20120818,0,3523984.story

The shilling is deafening

Very clever NYCMatt! Thanks!

Nice analogy, NYCMatt, except you missed one thing. Planter's Peanuts had an even bigger increase on its mich-bigger base:

"New York ranks second only to San Francisco in terms of the growth of jobs in its tech sector over the last two years, according to a report released Thursday."

> Never count NYC out, it always reinvents itself!

As a place with lower paying jobs?

Great to have these... but are we really happy trading $500k wall street jobs for tech jobs that pay much less? Not sure I'd call it a victory... it is a good thing, for sure, but doesn't make up for what we lost.

http://docs.streeteasy.com/market_reports/2012_Mid-Year_Triboro_Rental_Report.pdf

Some interesting statistics in here about the employment composition in NYC, average wages etc.

Percentage of finance down from 58% in 2006 to 41% last year with Tech/Creative increasing from 16% to 26%.

On median income, surprise - Tech/Creative higher than Finance.