New York Leads Boston in Tech Job Growth; Google, Wayfair at Top
Where is all the technology talent flowing in the Northeast?
If you look at Internet and digital media companies, New York City has the edge over Boston at the moment. New York registered a 3.2 percent increase in those tech jobs last quarter, while job growth in Boston fell to 1.3 percent—the lowest it’s been in the past two years.
That’s according to the latest quarterly report from Cook Associates, an executive search firm. The survey covered 369 companies in New York (where 1,120 net jobs were added) and 193 companies in Boston (225 jobs added); all companies in the survey had at least 10 employees.
For 2013 overall, New York’s Internet and digital media companies saw an 18 percent increase in jobs. In Boston, the growth was 12 percent.
Here’s the quarterly breakdown for 2012 and 2013:
In looking over the numbers for the past two years, a couple things stand out. First, Boston hasn’t led New York in digital-jobs growth since the first quarter of 2012, when it saw an 8 percent increase. And, in general, the fourth quarter of each year has been a low period for new hires (which seems typical).
The overall comparison fits with a broader sense that the economy may be growing—and New York and Boston are rising centers for tech talent—but job growth is still proceeding in fits and starts.
Here are the top 10 job gains made in New York last quarter:
1. Google (191 added, 3,900+ total)
Others with notable gains: MediaMath, Quirky, Complex Media, Percolate, Warby Parker, Birchbox, Etsy, BuzzFeed, Dataminr, PlaceIQ.
Top 10 job gains in Boston last quarter:
1. Wayfair (38 added, 800+ total)
4. Rue La La
5. Constant Contact
9. Virgin Pulse
10. OwnerIQ (tie)
10. CarGurus (tie)
Others with notable gains: Skyword, Swipely, Fiksu, Kitsy Lane, Localytics, Visible Measures, Nanigans, The Grommet, DraftKings, Placester.
It’s interesting to note that New York’s largest gains were made by companies headquartered elsewhere, whereas locally based companies dominate the Boston hiring scene, with the exception of Amazon. According to Cook Associates, The Seattle e-commerce giant added 87 people in New York (1,050+ total) and 31 in Boston (about 400 total).