Private sector employment in New York City rose by 89,400, or 2.4 percent, to 3,752,500 for the 12-month period ending August 2016. Jobs grew in educational and health services (+32,500), leisure and hospitality (+25,500), professional and business services (+8,000), information (+7,800), trade, transportation and utilities (+7,700), other services (+5,700), natural resources, mining and construction (+4,400), and manufacturing (+200). Financial activities shed 2,400 jobs. Government employment rose by 5,700.
The city’s over-the-year picture remained positive, with every sector except financial activities adding jobs for the 12 months through August 2016. The city’s over-the-year private sector growth rate (+2.4 percent) was above the comparable rate for the state (+1.5 percent) and the nation (+1.9 percent).
The city’s seasonally-adjusted unemployment rate was 5.4 percent in August 2016, up 0.2 of a point from July and 0.2 of a percentage point compared to a year ago. New York State’s rate was 4.8 percent in August 2016. The share of the city's working-age population (16+) who were employed was 56.1 percent in August 2016.
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