Private sector employment in New York City rose by 91,400, or 2.6 percent, to 3,644,600 for the 12-month period ending August 2015. Jobs grew in educational and health services (+34,200), leisure and hospitality (+16,700), professional and business services (+15,200), other services (+9,700), trade, transportation, and utilities (+8,200), financial activities (+6,500), and construction (+3,800). Manufacturing (-2,100) and information (-800) were the only sectors to lose jobs. Government employment rose by 2,600.
New York City’s private sector job count fell by 13,100 between July and August (not seasonally adjusted), which was a larger than usual decline. Besides the expected seasonal declines in education and leisure and hospitality, there were also losses in retail trade, information, professional, scientific and technical services and real estate. Areas of strength included construction and administrative and support services.
The city’s over-the-year picture was positive, with every sector except manufacturing and information adding jobs for the 12 months through August 2015. The city’s over-the-year private sector growth rate (+2.6 percent) was above comparable rates at the state (+2.1 percent) and the nation (+2.3 percent) levels.
The city’s seasonally-adjusted unemployment rate was 5.4 percent in August 2015, down 0.3 of a point from July and 1.4 percentage points compared to a year ago. New York State’s rate was 5.2 percent in August 2015. The share of the city's working-age population (16+) who were employed was 57.5 percent in August 2015. The number of New York City residents with jobs climbed 114,600 (+3.0 percent) in the last 12 months.
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