Private sector jobs in New York City rose over the year by 66,300, or 1.7 percent, to 3,898,400 in October 2017. Gains were greatest in educational and health services (+25,600), professional and business services (+14,500), financial activities (+14,400), natural resources, mining and construction (+10,100), leisure and hospitality (+9,700), and other services (+4,500). Losses were suffered in trade, transportation and utilities (-5,600), information (-5,000) and manufacturing (-1,900).
The city’s over-the-year picture remained positive, with six sectors adding jobs for the 12 months through October 2017 while three lost jobs. The city’s over-the-year private sector growth rate (+1.7 percent) was above the comparable rate for the state (+1.2 percent) and the nation (+1.6 percent).
The city’s seasonally-adjusted unemployment rate was 5.0 percent in October2017, down 0.1 of a percentage point from September and 0.2 of a point from a year earlier. New York State’s rate was 4.8 percent in October 2017. The share of the city’s working age population (16+) who were employed was 58.5 percent in October 2017.
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