Developments in the New York City Labor Market
Private sector jobs in New York City rose by 330,800 over-the-year to 3,609,800 in June 2021. Gains occurred in leisure and hospitality (+95,600), educational and health services (+79,300), trade, transportation, and utilities (+60,900), professional and business services (+38,500), information (+23,600), other services (+23,400), natural resources, mining, and construction (+5,400), and manufacturing (+4,300). Financial activities were relatively flat for the month (-200).
With pandemic restrictions easing further in June, the labor market data for the month reflect a resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. The city's private sector rate of change (+10.1 percent) compares to a 9.8 percent rise for the state and a 6.4 percent increase for the nation.
The city's seasonally adjusted unemployment rate was 10.6 percent in June 2021, a drop of 0.3 percent from May and a decrease of 8.2 percent from June 2020. New York State's rate was 7.7 percent in June 2021. The share of the city's working age population (16+) who were either employed or looking for a job was 61.5 in June.
Industry Data
Contact
For More Information Please Contact:
Elena Volovelsky
NYS Department of Labor
9 Bond Street, 4th Floor
Brooklyn, NY 11201
Phone: (718) 613-3971
Email: [email protected]