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Recent Loss of City Jobs 'Unsettling': Analysis

Friday, January 20, 2012

Joblessness rose in New York City — but was flat in the state, and went down in New Jersey last month, according to a recent analysis.

An report from the firm Eastern Consolidated called the loss of nearly 9,000 jobs in New York City "somewhat unsettling" as hiring nationwide has been improving in recent months.

Restaurants and financial services had the most layoffs. The city's jobless rate rose 1/10 of a percent to 9 percent.

New Jersey also had a rate of 9 percent, which was the lowest unemployment level in more than 1-1/2 years in the state.

Meanwhile, New York state's unemployment rate held steady at 8 percent in December.

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