Overall unemployment rate stayed flat at 3.7% with the biggest shift in Transportation & Utilities, which gained 23,100 roles, based on the most recently available information published in January 2022.
Total employment in the New York-Newark-Jersey City, NY-NJ-PA market declined by 55,869 jobs in November and the unemployment rate stayed flat. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- New York-Newark-Jersey City, NY-NJ-PA unemployment rate is 34 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 2.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 2,127,300; +21,200
- Transportation & Utilities: 1,701,700; +23,100
- Business Services: 1,659,600; +17,100
- Government: 1,331,000; +13,300
- Restaurants & Hotels: 872,100; -9,700
- Financial Services: 785,100; +2,300
- Other Jobs: 410,600; +3,400
- Construction, Mining: 399,200; -2,800
- Manufacturing: 343,500; +900
- IT & Development: 331,400; -1,100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.