New York lags rest of the country in job growth

New York lags rest of the country in job growth

  • Steve Bittenbender | The Center Square contributor/June 18th, 2021

(The Center Square) – Jobs data released Thursday shows New York gained private-sector jobs in May but not at the same rate as the rest of the country.

The New York State Department of Labor said the number of jobs grew by 17,500, or 0.2%, last month as there are now nearly 7.5 million jobs in the state.

Nationally, the number of private-sector jobs grew at a 0.4% clip, meaning 492,000 new jobs were created.

New York’s unemployment rate went from 8.2% in April to 7.8% last month. That’s still significantly higher than the U.S. average of 5.8%.

text on black background
Photo by Anna Tarazevich on Pexels.com

In addition, while the state’s unemployment rate went down, so too did its labor participation rate, which accounts for the percentage of working-age individuals – people 16 or older – who are either working or actively seeking a job. It went from 61.4% in April to 60.9% last month.

New York City continues to be the main drag on the statewide numbers. According to the DOL, the city’s unemployment rate was 10.9% for the month. That’s down from 11.4% in April, but outside of the nation’s largest city, the rest of the state reported a 5.5% unemployment rate for May.

DOL data does show that the state is regaining the jobs it lost more than a year ago due to the COVID-19 pandemic. However, the job recovery is happening slower than the COVID-caused freefall.

In May 2020, the state reported a loss of more than 550,000 leisure and hospitality jobs from the previous year. From May 2020 to last month, the number of jobs in that sector grew by more than 255,000.

The next biggest gainer, in terms of job numbers, was trade, transportation and utilities. After losing nearly 359,000 jobs from May 2019 to May 2020, that industry has picked up 204,000 jobs from May 2020 to last month.

More from the Roosevelt Island Daily

  • FDR Four Freedoms State Park, Cool Green Oasis in a Hot City
    The long, hot days of summer can be a brutal experience in the city. The concrete and asphalt reflect the heat back up at you, and the dry air seems to suck all the moisture out of your skin. But just across the river, there’s a cool green oasis waiting for you. by David Stone
  • THE GREAT MIGRATION FAILED TO BRIDGE THE RACIAL WEALTH DIVIDE. WHAT’S NEXT?
    Real and lasting economic opportunities for Black families will come only through a serious national reckoning on race. By Dedrick Asante-Muhammad, Briana Shelton | August 3, 2022 Republished with Permission: The Roosevelt Island Daily News During the early 1900s through 1970, millions of African Americans migrated from the deeply segregated agricultural South to the industrial, less segregated Midwest
  • Judge Could Allow NYC Council to Revote on Education Budget
    New York City did not follow the proper procedure when approving the roughly $31 billion budget for the education department, a Manhattan judge said Thursday, potentially setting up the City Council to revote on funding for the nation’s largest public school system. Reema Amin, Chalkbeat New York This story was originally published by Chalkbeat. Sign
  • After Alice Childress Library Rejected Racism Charged
    An Alice Childress Library? That was the dream of Michael Rogers, who Childress mentored into a successful career on stage, as well as others. It made sense for Roosevelt Island, but it was dismissed out of hand by the New York Public Library. And City Council Member Julie Menin let it slide with the lamest
  • Two Dead in NYCHA Housing Blaze Ignited by Exploding E-bike Battery, Officials Say
    A 5-year-old girl and a 36-year-old woman were killed by a fire inside a public housing apartment in Harlem that officials believe was caused by the exploding battery of an electric scooter. The blaze, which ignited in the pre-dawn hours of Wednesday, also seriously injured the girl’s father. Greg B. Smith, The City Republished with

Written by:

2,431 Posts

View All Posts
Follow Me :

Leave a Reply

You May Have Missed

Wordpress Social Share Plugin powered by Ultimatelysocial
0
2k
%d bloggers like this: