Unemployment Rate Falls in New York City
Thursday, May 19, 2011
The unemployment rate in New York state dropped slightly last month to 7.9 percent, down from 8.7 percent a year ago.
Unemployment also fell in New York City to 8.6 percent. The private sector has continued to add jobs during the last year, particularly in educational and health services. Professional and financial services also grew.
Construction is still in the doldrums. An analysis by the New York Building Congress finds that construction jobs in the city are at their lowest level in 13 years, down more than a quarter from 2008.
Government employers continue to cut jobs.
New Jersey's unemployment rate remained steady at 9.3 percent.