Overall unemployment rate moved down to 8.2% with the biggest shift in Restaurants & Hotels, which gained 44,000 roles, based on the most recently available information published in June 2021.
Total employment in the New York-Newark-Jersey City, NY-NJ-PA market rose by 1,993 jobs in April and the unemployment rate decreased compared to the prior month by 60 bps to 8.2%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- New York-Newark-Jersey City, NY-NJ-PA unemployment rate is 245 bps above the national rate which is a negative sign.
- Unemployment in the market is 780 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Education & Healthcare: 1,984,100; +6,000
- Transportation & Utilities: 1,540,400; +1,800
- Business Services: 1,493,200; +21,700
- Government: 1,291,400; +2,200
- Financial Services: 754,800; +600
- Restaurants & Hotels: 613,900; +44,000
- Construction, Mining: 367,500; +13,300
- Other Jobs: 348,200; +2,700
- Manufacturing: 331,500; +500
- IT & Development: 287,200; -2,900
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.