Developments in the New York City Labor Market
Private sector jobs in New York City fell by 48,900 over-the-year to 4,179,700 in February 2026. Gains occurred in financial activities (+6,500) and information (+4,200). Losses occurred in private education and health services (-21,400), leisure and hospitality (-10,000), trade, transportation, and utilities (-7,100), mining, logging and construction (-6,600), professional and business services (-6,500), other services (-4,900), and manufacturing (-3,100).
The city's seasonally adjusted unemployment rate was 5.8 in February, up one tenth of a percent from January and up 1.0% from February 2025. New York State's rate was 4.6 percent in February 2026. The share of the city's working age population (16+) who were either employed or looking for a job stood at 62.8 in February.
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]
Funded by U.S. Department of Labor's Employment and Training Administration
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration.