Developments in the New York City Labor Market
Private sector jobs in New York City rose by 182,000 over-the-year to 4,048,400 in February 2023. Gains occurred in private education and health services (+66,900), leisure and hospitality (+56,000), professional and business services (+27,000), financial activities (+18,000), other services (+9,800), and natural resources, mining, and construction (+6,600). Manufacturing was flat in February while information and trade, transportation, and utilities sectors lost 1,200 and 1,100 jobs respectively.
The city's seasonally adjusted unemployment rate was 5.4 percent in February 2023, up 0.1 percent from January and a decrease of 1.5 percent from February 2022. New York State's rate was 4.2 percent in February 2023. The share of the city's working age population (16+) who were either employed or looking for a job climbed to 61.7 in February as more local residents entered the labor force last month.
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]