Private sector jobs in New York City rose over the year by 74,600, or 1.9 percent, to 3,912,100 in March 2018. Gains were greatest in educational and health services (+35,100), professional and business services (+16,700), financial activities (+6,300), natural resources, mining and construction (+6,200), trade, transportation and utilities (+6,000), leisure and hospitality (+2,300), information (+2,200) and other services (+1,100). Manufacturing was the only sector to lose jobs (-1,300).
The city’s over-the-year picture remained positive, with eight sectors adding jobs for the 12 months through March 2018 while only one lost jobs. The city’s over-the-year private sector growth rate (+1.9 percent) was above the comparable rate for the state (+1.3 percent) and the nation (+1.8 percent).
The city’s seasonally-adjusted unemployment rate was 4.2 percent in March 2018, unchanged from February but down 0.4 of a percentage point from March 2017. New York State’s rate was 4.6 percent in March 2018. The share of the city’s working age population (16+) who were employed was 58.3 percent in March 2018.
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