Private sector jobs in New York City rose over the year by 89,000, or 2.4 percent, to 3,861,000 in August 2017. Gains were greatest in educational and health services (+42,400), professional and business services (+27,100), leisure and hospitality (+17,700), natural resources, mining and construction (+5,100), financial activities (+4,300) and other services (+3,500). Losses were centered in trade, transportation and utilities (-5,100), information (-5,000) and manufacturing (-1,000).
The city’s over-the-year picture remained positive, with six sectors adding jobs for the 12 months through August 2017 while three lost jobs. Two sectors – education and health services and leisure and hospitality – both grew by at least four percent over the year. The city’s over-the-year private sector growth rate (+2.4 percent) was above the comparable rate for the state (+1.8 percent) and the nation (+1.7 percent).
The city’s seasonally-adjusted unemployment rate was 4.9 percent in August 2017, up 0.2 of a percentage point from July but down 0.5 of a point from a year earlier. New York State’s rate was 4.8 percent in August 2017. The share of the city’s working age population (16+) who were employed was 58.4 percent in August 2017.
Thanks for the feedback! It will help us improve your experience.