Developments in the New York City Labor Market
Private sector jobs in New York City rose by 114,200 over-the-year to 4,086,100 in August 2023. Gains occurred in private education and health services (+107,300), leisure and hospitality (+32,800), natural resources, mining, and construction (+11,000), other services (+6,500), and financial activities (+4,300). Losses occurred in information (-27,300), the trade, transportation, and utilities sector (-12,900), professional and business services (-7,000), and manufacturing (-500).
The city's seasonally adjusted unemployment rate was 5.3 percent in August, similar to July, and an increase of 0.7 percent from August 2022. New York State's rate was 3.9 percent in August 2023. The share of the city's working age population (16+) who were either employed or looking for a job remained at 62.7 in August.
Industry Data
Contact
For More Information Please Contact:
Elena Volovelsky
NYS Department of Labor
55 Hanson Pl., 8th Floor
Brooklyn, NY 11217
Phone: (718) 613-3971
Email: [email protected]