Private sector jobs in New York City fell by 545,200 over-the-year to 3,587,700 in November 2020. Losses were widespread and occurred in leisure and hospitality (-205,500), trade, transportation, and utilities (-86,700), professional and business services (-86,100), educational and health services (-67,500), other services (-33,100), financial activities (-29,800), natural resources, mining, and construction (-16,700), manufacturing (-12,900), and information (-6,900).
Although still 13.2 percent below year-ago levels, the labor market data for November reflect a resumption of economic activity that had been curtailed earlier in the year due to the coronavirus (COVID-19) pandemic and efforts to contain it. The city's private sector rate of change (-13.2 percent) compares to a 11.2 percent drop for the state and a 6.1 percent decline for the nation.
The city's seasonally adjusted unemployment rate was 12.1 percent in November 2020, a decrease of 0.9 percent from October and a rise of 8.5 percent from November 2019. New York State's rate was 8.4 percent in November 2020. The share of the city's working age population (16+) who were either employed or looking for a job was 57.8 in November.
Thanks for the feedback! It will help us improve your experience.