Overall unemployment rate moved up to 8.0% with the biggest shift in Restaurants & Hotels, which gained 56,100 roles, based on the most recently available information published in July 2021.
Total employment in the New York-Newark-Jersey City, NY-NJ-PA market rose by 84,242 jobs in June and the unemployment rate increased compared to the prior month by 40 bps to 8.0%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- New York-Newark-Jersey City, NY-NJ-PA unemployment rate is 191 bps above the national rate which is a negative sign.
- Unemployment in the market is 820 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 4.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Education & Healthcare: 1,966,100; -13,800
- Transportation & Utilities: 1,577,300; +19,600
- Business Services: 1,516,400; +20,600
- Government: 1,299,300; +8,100
- Financial Services: 760,400; +7,600
- Restaurants & Hotels: 709,300; +56,100
- Construction, Mining: 372,100; +2,200
- Other Jobs: 355,500; +3,700
- Manufacturing: 335,800; +3,500
- IT & Development: 301,700; +8,000
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.