Private sector jobs in New York City rose over the year by 62,000, or 1.7 percent, to 3,796,800 in February 2017. Gains were greatest in educational and health services (+37,400), professional and business services (+20,500), leisure and hospitality (+4,600), information (+3,700), natural resources, mining and construction (+3,200), other services (+1,200) and financial activities (+1,000). Losses were centered in trade, transportation and utilities (-7,800) and manufacturing (-1,800).
The city’s over-the-year picture remained positive, with seven sectors adding jobs for the 12 months through February 2017 while only two lost jobs. However, the City’s two largest sectors – health care and educational services and professional and business services generated almost all of the over-the-year job gains. The city’s over-the-year private sector growth rate (+1.7 percent) was above the comparable rate for the state (+1.6 percent) but below that of the nation (+1.8 percent).
The city’s seasonally-adjusted unemployment rate was 4.3 percent in February 2017, down 0.2 of a point from January and one full percentage point from a year ago. New York State’s rate was 4.4 percent in February 2017. The share of the city's working-age population (16+) who were employed was 57.6 percent in February 2017.
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