According to the New York State Department of Labor, the state’s economy saw the addition of 15,000 private-sector jobs in June, marking a 0.2% increase.
Despite this uptick, the unemployment rate remained unchanged, even as the number of unemployed individuals saw a rise of 1,900 within the month.
While job recovery in New York has been slower compared to the rest of the country following the initial COVID-19 hit in Spring 2020, recent figures suggest a slightly faster growth rate for private sector and non-farm employment in the state.
The overall unemployment rate in June stood at 3.9%, with labor force participation increasing slightly from 61% to 61.2% between May and June. Yet, New York still trails behind the national unemployment rate of 3.6%. In addition, the unemployment rate in New York City rose from 5.3% to 5.4% last month, while outside of the city, the jobless rate was recorded at 2.9%.
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