Private sector employment in New York City rose by 102,500, or 2.9 percent, to 3,584,400 for the 12-month period ending February 2015. Jobs grew in educational and health services (+31,500), professional and business services (+26,100), leisure and hospitality (+14,800), trade, transportation, and utilities (+13,600), financial activities (+9,300), other services (+4,400), information (+3,200) and construction (+1,300). Manufacturing (-1,700) was the only sector to lose jobs. Government employment rose by 3,100.
The City’s over-the-year picture was positive, with every sector except manufacturing adding jobs for the 12 months through February 2015. The city’s over-the-year private sector growth rate (+2.9 percent) was above comparable rates at the state (+2.0 percent) and national (+2.8 percent) levels.
The city’s seasonally-adjusted unemployment rate was 6.6 percent in February 2015, up slightly from January, but down 1.3 percentage points compared to last February. New York State’s rate was 5.8 percent in February 2015. The share of the city's working-age population (16+) who were employed was 56.8 percent in February 2015, up 1.0 percent from the same time last year. The number of New York City residents with jobs climbed 96,600 (+2.6 percent) in the last 12 months. The over-the-year decline in the unemployment rate occurred even as New York City’s labor force grew by 1.1 percent.
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