Private sector employment in New York City rose by 94,600, or 2.7 percent, to 3,653,500 for the 12-month period ending May 2015. Jobs grew in educational and health services (+27,100), professional and business services (+22,000), trade, transportation, and utilities (+13,700), leisure and hospitality (+12,600), other services (+7,100), financial activities (+6,200), construction (+4,900), and information (+3,500). Manufacturing (-2,500) was the only sector to lose jobs. Government employment rose by 3,300.
The City’s over-the-year picture was positive, with every sector except manufacturing adding jobs for the 12 months through May 2015. The city’s over-the-year private sector growth rate (+2.7 percent) was above comparable rates at the state (+1.8 percent) and national (+2.6 percent) levels.
The city’s seasonally-adjusted unemployment rate was 6.4 percent in May 2015, down 0.1 of a point from April and 1.1 percentage points compared to a year ago. New York State’s rate was 5.7 percent in May 2015. The share of the city's working-age population (16+) who were employed was 57.6 percent in May 2015, the highest on record. The number of New York City residents with jobs climbed 139,300 (+3.7 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 2.5 percent.
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