New York's unemployment rate stayed flat in December – Spectrum News

Get the best experience and stay connected to your community with our Spectrum News app. Learn More
Continue in Browser
Get hyperlocal forecasts, radar and weather alerts.
Please enter a valid zipcode.
Save
New York’s unemployment rate did not budge in December from 4.3%, though the private sector increased its number of new jobs at a slightly faster rate than the rest of the country, the state Department of Labor on Thursday reported. 
The state added 22,100 jobs in December, a 0.3% increase from November. Nationally, jobs in the private sector increased by 0.2%. 
In the last year, New York’s private sector has added 271,800, a 3.4% increase since the end of 2021. That exceeded the national rate of 3.2%. 
Job losses and gains are a potential indicator of the overall health of the economy as concerns grow over a possible recession in the new year. 
New York has struggled to fully regain the jobs lost in the early weeks of the COVID-19 pandemic, when more than 2 million positions were eliminated amid stay-at-home orders. The state is not expected to full regain the jobs lost for several more years. 
Labor force participation remained steady at 60.5%. 
 

source

Leave a Comment