Private sector employment in New York City rose by 112,300, or 3.3 percent, to 3,565,500 for the 12-month period ending January 2015. Jobs grew in education and health services (+40,800), professional and business services (+24,800), leisure and hospitality (+14,400), trade, transportation, and utilities (+13,700), financial activities (+8,300), other services (+6,400), information (+2,900), and construction (+2,600). Manufacturing employment decreased by 1,600 compared to last January. Government employment rose by 3,300 over-the-year.
The City’s over-the-year picture was positive, with every sector except manufacturing adding jobs for the 12 months through January 2015. Education and health services added the most jobs (+40,800) and grew the fastest (+4.9 percent). The city’s over-the-year private sector growth rate (+3.3 percent) was above the state’s (+2.0 percent) and the nation’s (+2.8 percent).
The city’s seasonally-adjusted unemployment rate was 6.5 percent in January 2015, unchanged from December, but down 1.5 percentage points from last January. New York State’s rate was 5.8 percent in January 2015. The share of the city's working-age population (16+) who were employed was 56.8 percent in January 2015, up 1.1 percentage points from the same time last year. The number of New York City residents with jobs climbed 92,200 (+2.4 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 0.8 percent.
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