JP Morgan Chase Overtakes Citi as City's Largest Private Employer

Tuesday, April 12, 2011

Despite shrinking payrolls by more than 4,000 last year, a new index still puts city government at the top of a lost of the city's biggest employers.

In 2010, JP Morgan Chase overtook Citigroup as the city's largest private employer. The number of bank employees increased 13 percent, to reach almost 25,000, while Citigroup staffing was flat.

Healthcare providers also created jobs last year. North Shore-LIJ Health System, Mount Sinai Medical Center and NYU Langone Medical Center all increased staff levels by five percent or more.

On the losing side of things, Verizon axed 1,500, or 12 percent. Time Warner and AIG each let go of more than 1,000 workers.

The index, from Crain's New York Business, track's the city's largest employers. As mayor and owner of his own company, Michael Bloomberg can claimed both the No. 1 and No. 37 spots on the list.


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