- 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%.
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.
- Tribeca vs Chelsea in NYC. Which is best for you?If you’re thinking of moving to New York City, you’re probably wondering what the difference is between Tribeca vs Chelsea. Both neighborhoods are great places to live, but they each have their own unique vibe. Here’s a quick rundown of the differences between these two NYC gems. by David Stone Location – Tribeca is located
- Is Tribeca Worth Visiting? It’s New York City’s Film CenterIf you’re looking for a place to get away from the hustle and bustle of the city, Tribeca is not the place for you. However, if you’re looking for a place to find some of the best food, shopping, and entertainment in the city, then Tribeca is worth checking out. Here’s a look at what
- Can Bromance Turn Into Romance?Hollywood would have us believe that bromance is simply a close, Platonic friendship between two men. But what if there’s more to it than that? What if bromance can turn into something deeper, something more romantic? Let’s explore the possibility of bromance deepening into romance. by David Stone Defining bromance – what it is and
- 10 Reasons why you’d love living on the Upper West Side in New York CityHave you ever thought about living on the Upper West Side in New York City? Well, if you haven’t, you should! Here are 10 reasons why: by David Stone AD-> “Living on the UWS just puts you in an incredibly convenient location..” But there’s even more The people who live on the Upper West Side
- Racism on the Red Bus: Lost and Found or Left Behind?Racism on the Red Bus stunk its way onto an Octagon Red Bus yesterday, the first day of Black History Month. Found on a seat, it was either lost or – more likely – deliberately left there. by David Stone The Roosevelt Island Daily News Racism pervades American culture, and Roosevelt Island was never an