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Labor Statistics for the New York City Region Bronx, Kings, New York, Queens and Richmond Counties

Private sector employment in New York City rose by 94,600, or 2.7 percent, to 3,653,500 for the 12-month period ending May 2015.  Jobs grew in educational and health services (+27,100), professional and business services (+22,000), trade, transportation, and utilities (+13,700), leisure and hospitality (+12,600), other services (+7,100), financial activities (+6,200), construction (+4,900), and information (+3,500).  Manufacturing (-2,500) was the only sector to lose jobs.  Government employment rose by 3,300.

The City’s over-the-year picture was positive, with every sector except manufacturing adding jobs for the 12 months through May 2015.  The city’s over-the-year private sector growth rate (+2.7 percent) was above comparable rates at the state (+1.8 percent) and national (+2.6 percent) levels.

The city’s seasonally-adjusted unemployment rate was 6.4 percent in May 2015, down 0.1 of a point from April and 1.1 percentage points compared to a year ago. New York State’s rate was 5.7 percent in May 2015. The share of the city's working-age population (16+) who were employed was 57.6 percent in May 2015, the highest on record. The number of New York City residents with jobs climbed 139,300 (+3.7 percent) in the last 12 months. The over-the-year decline in the unemployment rate occurred even as New York City’s labor force grew by 2.5 percent.

 

 

James Brown                                                                                                                    Elena Volovelsky
NYS Department of Labor                                                                                              NYS Department of Labor
1 Hudson Square                                                                                                             1 Hudson Square
75 Varick Street, 7th Floor                                                                                              75 Varick Street, 7th Floor
New York, NY 10013                                                                                                       New York, NY 10013
Phone: (212) 775-3330                                                                                                   Phone: (212) 775-3332
Fax: (212) 775-3855                                                                                                        Fax: (212) 775-3856
E-mail: James.Brown@labor.ny.gov                                                                      E-mail: Elena.Volovelskaya@labor.ny.gov



					

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