NYC Jobless Rate Climbs to 10%, Highest Since February 2010
The rate climbed from 9.7 percent in May, even as the city’s private employers added about 11,500 jobs, James Brown, a labor department economist, said today in an e-mail. The rate is up from 8.9 percent a year ago.
A growing city labor force over the past 12 months helped push up the unemployment rate, which is an estimated ratio of the people not working as a percentage of the total seeking employment, the department said.
The department recorded gains in professional, scientific and technical services, and retail. Industries that showed weakness include construction and wholesale trade, and leisure and hospitality, which usually shows gains in June, Brown said.
The city came through the recession better than the rest of the U.S. and has more private-industry jobs now than ever, Mayor Michael Bloomberg said in response to the report.
“As fast as New York City is creating jobs, people are entering the labor market even faster, which indicates optimism and confidence” in the city’s future, Bloomberg said in a statement. “We will not be satisfied until everyone who is searching for work finds it.”
For New York state, June’s jobless rate was 8.9 percent, up from 8.6 percent in May, while the U.S. rate stood at 8.2 percent, the department said.
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