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New York


						
						

New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area Employment Analysis

( Data Date : March 2019 )

New York Employment Data

Located in the BLS New York-New Jersey region, the Empire State’s primary economic driver historically is New York City, the world’s financial capital. Job growth in the leisure and hospitality sectors confirms New York City’s status as a national and international shopping and tourist destination. New York is also known for agricultural products such as dairy, apples, cherries, cabbages, and maple syrup. New York’s economy will continue to be challenged by slow population growth and a sizable state debt burden. (Source: FY 2016 Executive Budget: Economic and Revenue Outlook)




State/Metropolitan Employment Data:

New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area Unemployment Rate Trends (% change)


  • The unemployment rate in the New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area, metro area was 4.3% in February 2019, 0.1% lower than last month, and lower by 0.3% from a year ago.

  • Compared to national and state unemployment rates, the New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area, metro area unemployment rate in February 2019 was higher by 0.5% than the U.S. rate of 3.8%, and higher by 0.2% than the New York state unemployment rate of 4.1%.

  • Total employment in the New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area, metro area declined by 3.3% (226273 less persons employed) over the past quarter, and increased by 4.6% ( 385482 more ) over the past year.

  • The New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area, metro area has an employable civilian labor force (employed + unemployed persons age 16 and older) of 9,946,261 persons.

  • The New York-Newark-Jersey City, NY-NJ-PA Metropolitan Area, metro area labor force shrunk by 1.3% (32533 persons) over the past quarter, and shrunk by 2.7% (35477 persons) over the past year.

  • Current Rate
    Last Year
    Last QTR
    Last Month
    Difference Since Last Quarter
    4.3%
    + 4.6%
    - 3.3%
    + 4.4%
    -226273


    %95.68 of the Total Labor Force is Employed.


    Employment information is based on data provided by the U.S. Bureau of Labor Statistics (BLS).

    Graphs and charts are based on monthly data from 2000 to present (BLS reports monthly data a month to six weeks after the close of each month).

    The data MuniNet Guide uses and presents is seasonally adjusted.