WTC site damage assessment map, Sept 21, 2001

NYC 9/11 Public Portal Document

securities industry alone accounted for 60.4 percent of wages, yet it employed only 34.1 percent of workers. Service sector employment accounted for 12.0 percent of wages and 26.0 percent of employment around the WTC. Other socioeconomic analyses have identified that establishments with over 500 workers account for 55.9 percent of wages and employ 36.6 percent of the workforce in this area.

The city government wi'' incur a massive tax collection impact as a result of the disaster. The WTC alone was to have paid $74 million in municipal taxes. Much of the revenue from the FIRE, which results in annual tax paymenus of $1.5 to $2 billion, is in jeopardy (The Washington Post Company 2001).

Table 3-5

Private Sector Employment and Wages in New York State and New York City Fiscal Year 2000 (NYS Department ofLabor) New York State New York City Ci^s Share of

Employment 6.9 Million 3.1 Million 44.3 Percent

Wages $314.9 Billion $184.9 Billion 58.7 Percent

Table 3-6

Private Sector Employment and Wages in New York City and Manhattan Fiscal Year 2000 i>-New Yprk GityJ^ ^Manhattan "S Manhattan’s/ gSsalSi ShareofCity;. Employment 3.1 Million 1.9 Million 62.9 Percent

Wages $184.9 Billion $152.0 Billion 82.2 Percent Source: NYS Department of Labor

Table 3-7

Private Sector Employment and Wages in Manhattan, Below 14‘" Street, and the World Trade Center Vicinity Fiscal Year 2000 yMnhhattah K/fjj s?Belowl4^Stfeet?Si

Employment 1.9 Million ' 501,000 99,200

Wages $152.0 Billion $47.0 Billion $13.8 Billion Source: NYS Department of Labor

3-35

NYC-WTC_000141620