Lisa Chow is the economics reporter at WNYC. She tries to explore in her stories surprising aspects of New York’s many economies—in plain view or hidden, in neighborhoods or sectors.
Unemployment Falls in NYC But Rises in State
Thursday, December 16, 2010
Bucking the national trend, New York City unemployment dropped slightly last month.
The city's unemployment rate fell to 9.1 percent in November from 9.2 percent in October, whereas joblessness rose in New York State and the U.S. last month.
"What's driving New York City is primarily tourism," said Barbara Byrne Dehman, chief economist at Eastern Consolidated, a real estate firm. "But also, our health services industry and our private education and retail industry have really been outperforming the U.S. almost every month this year."
New York City added 13,000 jobs in education and health services over the past year. On the flip side, the city continued to lose government jobs at local, state and federal levels last month.
Denham said one good sign for the city's employment situation is the growing number of temporary workers. The state's monthly jobs report shows that in November, the city added 3,000 jobs in the area of "employment services," which includes temp agencies. "Employers generally hire temps first and then full-time later," Denham said, which suggests there will be more job gains in six months.
New York State's unemployment rate rose last month to 8.3 percent from 8.2 percent in October. The national unemployment rate is 9.8 percent.