Developments in the New York City Labor Market
Private sector jobs in New York City rose by 75,400 over-the-year to 4,210,300 in October 2024. Gains occurred in private education and health services (+85,200), leisure and hospitality (+16,600), and trade, transportation, and utilities (+1,200). Losses occurred in natural resources, mining, and construction (-11,300), information (-8,100), financial activities (-5,700), other services (-1,300), and manufacturing (-1,200). Professional and business services category was unchanged for the month.
The city's seasonally adjusted unemployment rate was 5.4 percent in October, up 0.1 of a percent from September and an increase of 0.1 percent from October 2023. New York State's rate was 4.4 percent in October 2024. The share of the city's working age population (16+) who were either employed or looking for a job stood at 62.7 in October.
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]