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Labor Statistics for the New York City Region Bronx, Kings, New York, Queens and Richmond Counties

Private sector jobs in New York City rose over the year by 79,500, or 2.1 percent, to 3,956,100 in May 2018.  Gains were greatest in educational and health services (+35,600), professional and business services (+15,800), leisure and hospitality (+8,800), natural resources, mining and construction (+8,000), trade, transportation and utilities (+6,500), financial activities (+4,400), and other services (+2,700). Manufacturing was the only sector to lose at least 500 jobs (-1,900).

The city’s over-the-year picture remained positive, with seven sectors adding jobs for the 12 months through May 2018 while the manufacturing and information sectors lost jobs.  The city’s over-the-year private sector growth rate (+2.1 percent) was above the comparable rate for the state (+1.4 percent) and the nation (+1.9 percent).

The city’s seasonally-adjusted unemployment rate was 4.2 percent in May 2018, down 0.1 of a percentage point from April and 0.4 of a percentage point from May 2017. New York State’s rate was 4.5 percent in May 2018. The share of the city’s working age population (16+) who were employed was 58.3 percent in May 2018.

James Brown                                                                                                                    Elena Volovelsky
NYS Department of Labor                                                                                             NYS Department of Labor
9 Bond Street, 4th Floor                                                                                                 9 Bond Street, 4th Floor
Brooklyn, NY 11201                                                                                                       Brooklyn, NY 11201
Phone: (718) 613-3982                                                                                                   Phone: (718) 613-3971
E-mail: James.Brown@labor.ny.gov                                                                      E-mail: Elena.Volovelskaya@labor.ny.gov



					

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