Private sector employment in New York City rose by 94,000, or 2.6 percent, to 3,703,700 for the 12-month period ending October 2015. Jobs grew in educational and health services (+31,200), professional and business services (+17,900), leisure and hospitality (+14,700), trade, transportation, and utilities (+9,800), financial activities (+9,500), other services (+7,400), construction (+4,000), and information (+1,200). Manufacturing (-1,700) was the only sector to lose jobs. Government employment rose by 1,900.
The city’s over-the-year picture was positive, with every sector except manufacturing adding jobs for the 12 months through October 2015. The city’s over-the-year private sector growth rate (+2.6 percent) was above the comparable rate at the state (+2.2 percent) and the nation (+2.2 percent).
The city’s seasonally-adjusted unemployment rate was 4.8 percent in October 2015, down 0.4 of a point from September and 1.8 percentage points compared to a year ago. New York State’s rate was also 4.8 percent in October 2015. The share of the city's working-age population (16+) who were employed was 57.6 percent in October 2015. The number of New York City residents with jobs climbed 112,800 (+2.9 percent) in the last 12 months.
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