Private sector employment in New York City rose by 93,800, or 2.6 percent, to 3,767,400 for the 12-month period ending July 2016. Jobs grew in educational and health services (+32,000), leisure and hospitality (+25,500), professional and business services (+10,800), information (+8,800), trade, transportation and utilities (+6,200), other services (+5,900), natural resources, mining and construction (+4,700), and manufacturing (+700). Financial activities shed 800 jobs. Government employment rose by 4,300.
The city’s over-the-year picture remained positive, with every sector except financial activities adding jobs for the 12 months through July 2016. The city’s over-the-year private sector growth rate (+2.6 percent) was above the comparable rate for the state (+1.6 percent) and the nation (+1.9 percent).
The city’s seasonally-adjusted unemployment rate was 5.2 percent in July 2016, up 0.2 of a point from June but down 0.1 of a percentage point compared to a year ago. New York State’s rate was 4.7 percent in July 2016. The share of the city's working-age population (16+) who were employed was 56.6 percent in July 2016.
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