Private sector employment in New York City rose by 80,900, or 2.2 percent, to 3,757,600 for the 12-month period ending May 2016. Jobs grew in educational and health services (+30,400), professional and business services (+19,400), leisure and hospitality (+15,400), natural resources, mining and construction (+6,900), other services (+4,600), information (+2,800), financial activities (+1,300) and manufacturing (+900). Trade, transportation and utilities shed 800 jobs. Government employment rose by 4,500.
The city’s over-the-year picture remained positive, with every sector except trade, transportation and utilities adding jobs for the 12 months through May 2016. The city’s over-the-year private sector growth rate (+2.2 percent) was above the comparable rate for the state (+1.0 percent) and the nation (+1.9 percent).
The city’s seasonally-adjusted unemployment rate was 5.1 percent in May 2016, down 0.3 of a point from April and 0.6 of a percentage point compared to a year ago. New York State’s rate was 4.7 percent in May 2016. The share of the city's working-age population (16+) who were employed was 57.7 percent in May 2016. The number of City residents with jobs increased by 37,100 (+0.9%) between May 2015 and May 2016.
Thanks for the feedback! It will help us improve your experience.