Overall unemployment rate stayed flat at 8.0% with the biggest shift in Government, which lost 64,400 roles, based on the most recently available information published in September 2021.
Total employment in the New York-Newark-Jersey City, NY-NJ-PA market declined by 12,288 jobs in July and the unemployment rate stayed flat. 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 234 bps above the national rate which is a negative sign.
- Unemployment in the market is 740 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Education & Healthcare: 1,942,300; -16,400
- Transportation & Utilities: 1,563,000; -17,500
- Business Services: 1,519,400; +2,400
- Government: 1,234,300; -64,400
- Financial Services: 752,100; -7,400
- Restaurants & Hotels: 747,400; +35,200
- Construction, Mining: 374,700; +1,200
- Other Jobs: 359,800; +3,000
- Manufacturing: 334,500; -1,000
- IT & Development: 296,900; -500
Employment Change by Key Sector
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.