Private sector jobs in New York City rose over the year by 65,200, or 1.7 percent, to 3,936,000 in December 2017. Gains were greatest in educational and health services (+23,500), professional and business services (+16,600), financial activities (+14,000), natural resources, mining and construction (+10,100), leisure and hospitality (+9,400), and other services (+4,700). Losses were seen in information (-7,000) and trade, transportation and utilities (-5,700).
The city’s over-the-year picture remained positive, with six sectors adding jobs for the 12 months through December 2017 while two lost jobs and manufacturing was little changed. The city’s over-the-year private sector growth rate (+1.7 percent) was above the comparable rate for the state (+1.4 percent) and similar to that of the nation (+1.7 percent).
The city’s seasonally-adjusted unemployment rate was 4.3 percent in December 2017, down 0.4 of a percentage point from November 2017 and 0.6 of a percentage point from December 2016. New York State’s rate was 4.6 percent in December 2017. The share of the city’s working age population (16+) who were employed was 58.4 percent in December 2017.
Thanks for the feedback! It will help us improve your experience.