Developments in the New York City Labor Market
Private sector jobs in New York City rose by 34,000 over-the-year to 4,127,200 in March 2024. Gains occurred in private education and health services (+65,600), leisure and hospitality (+13,400), financial activities (+2,500), and other services (+900). Losses occurred in information (-14,500), professional and business services (-14,200), trade, transportation, and utilities (-10,600), natural resources, mining, and construction (-7,500), and manufacturing (-1,600).
The city's seasonally adjusted unemployment rate was 4.9 percent in March, down 0.2 of a percent from February and a decrease of 0.3 percent from March 2023. New York State's rate was 4.3 percent in March 2024. The share of the city's working age population (16+) who were either employed or looking for a job stood at 62.0 in March.
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]