Skip to content

Though unemployment rates are dropping in New York, they still remain above the national average

Last month New York’s unemployment rate dropped from 8.2% to 7.8%. The private sector added 17,500 jobs in May.

While the percentage has dipped below 8%, it still remains above the national average’s 5.8% and has doubled since the start of the pandemic. Sectors hit especially hard include tourism and hospitality.


New York City has fallen from 11.4% to 10.9% and outside the city has fallen from 5.7% to 5.5%.

With cases dropping, Governor Cuomo has lifted many restrictions on businesses this week.

Business Analysts believe it could take months for both the economy and unemployment to fully recover to the way it was before the pandemic.



Top