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==Economy== {{See also|Economy of New York City}} [[File:Jetblue Metlife 27-01 QPN jeh.jpg|thumb|upright=1|[[JetBlue]]'s corporate headquarters in Queens]] Queens has the second-largest economy of New York City's five boroughs, following Manhattan. In 2004, Queens had 15.2% (440,310) of all private-sector jobs in New York City and 8.8% of private-sector wages. In 2012, private-sector employment increased to 486,160.<ref name="DiNapoli 2013 Dec" /> Queens has the most diversified economy of the five boroughs, with occupations spread relatively evenly across the health care, retail trade, manufacturing, construction, transportation, and [[film production|film]] and [[television production]] sectors, such that no single sector is overwhelmingly dominant.<ref name="state1" /> The diversification in Queens' economy is reflected in a large amount of employment in the [[export-oriented economy|export-oriented]] portions of its economy—such as transportation, manufacturing, and business services—that serve customers outside the region. This accounts for more than 27% of all Queens jobs and offers an average salary of $43,727, 14% greater than that of jobs in the locally oriented sector. [[File:Queens Plaza May 26 2017.jpg|thumb|upright=1.1|[[Long Island City]] is one of New York City's fastest-growing neighborhoods.<ref name="Bloomberg-News 2018 Oct 30" />|left]] The borough's largest employment sector—trade, transportation, and utilities—accounted for nearly 30% of all jobs in 2004; in 2012, its largest employment sector became [[Health care in the United States|health care]] and social services.<ref name="DiNapoli 2013 Dec" /> Queens is home to two of the three major New York City area airports, [[JFK International Airport]] and [[LaGuardia Airport]]. These airports are among the busiest in the world, leading the airspace above Queens to be the most congested in the country. This airline industry is particularly important to the economy of Queens, providing almost one-quarter of the sector's employment and more than 30% of the sector's wages. Education and health services were the next largest sector in Queens and comprised almost 24% of the borough's jobs in 2004; in 2012, transportation and warehousing, and retail were the second largest at 12% each.<ref name="DiNapoli 2013 Dec" /> The manufacturing and construction industries in Queens are among the largest of the city and accounted for nearly 17% of the borough's private sector jobs in 2004. Comprising almost 17% of the jobs in Queens is the information, financial activities, and business and professional services sectors in 2004. {{As of|2003}}, Queens had almost 40,000 business establishments. Small businesses act as an important part of the borough's economic vitality with two-thirds of all businesses employing between one and four people. Several large companies have their headquarters in Queens, including watchmaker [[Bulova]], based in [[Whitestone, Queens|East Elmhurst]]; internationally renowned piano manufacturer [[Steinway & Sons]] in Astoria; [[Glacéau]], the makers of Vitamin Water, headquartered in [[Whitestone, Queens|Whitestone]]; and [[JetBlue Airways]], an airline based in Long Island City. Long Island City is a major manufacturing and back-office center. [[Whitestone, Queens|Flushing]] is a major commercial hub for Chinese American and Korean American businesses, while [[Jamaica, Queens|Jamaica]] is the major civic and transportation hub for the borough.
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