Private sector employment in New York City rose by 98,500, or 2.7 percent, to 3,784,200 for the 12-month period ending June 2016. Jobs grew in educational and health services (+46,100), leisure and hospitality (+20,700), professional and business services (+13,700), information (+7,900), natural resources, mining and construction (+6,900), other services (+4,500), trade, transportation and utilities (+1,400), and manufacturing (+200). Financial activities shed 2,900 jobs. Government employment rose by 4,500.
The city’s over-the-year picture remained positive, with every sector except financial activities adding jobs for the 12 months through June 2016. The city’s over-the-year private sector growth rate (+2.7 percent) was above the comparable rate for the state (+1.5 percent) and the nation (+2.0 percent).
The city’s seasonally-adjusted unemployment rate was 5.0 percent in June 2016, down 0.1 of a point from May and 0.5 of a percentage point compared to a year ago. New York State’s rate was 4.7 percent in June 2016. The share of the city's working-age population (16+) who were employed was 57.2 percent in June 2016. The number of City residents with jobs was essentially flat between June 2015 and June 2016.
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