Private sector employment in New York City rose by 84,500, or 2.3 percent, to 3,744,700 for the 12-month period ending December 2015. Jobs grew in educational and health services (+25,300), professional and business services (+15,000), leisure and hospitality (+13,200), financial activities (+12,600), other services (+8,900), construction (+5,700), information (+2,900), and trade, transportation, and utilities (+1,900). Manufacturing (-1,000) was the only sector to lose jobs. Government employment rose by 2,600.
The city’s over-the-year picture was positive, with every sector except manufacturing adding jobs for the 12 months through December 2015. The city’s over-the-year private sector growth rate (+2.3 percent) was above the comparable rate at the state (+2.1 percent) and the nation (+2.2 percent).
The city’s seasonally-adjusted unemployment rate was 5.0 percent in December 2015, up 0.2 of a point from October but down 1.5 percentage points compared to a year ago. New York State’s rate was 4.8 percent in November 2015. The share of the city's working-age population (16+) who were employed was 58.1 percent in December 2015. The number of New York City residents with jobs surpassed the 4 million mark for the first time.
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