For the first time since August of 2009 New York’s unemployment rate fell below 10 percent last month. After a long recession, New York economy seems to be on a rebound now with this latest sign.
Colleen C. Gardner, New York’s labor commissioner said that the number of jobs in the private sector in the city rose up to a total of 21,000 in April which nearly triple the average increase for that month in the last 10 years.
The growth rate was spread to all industries; however, the rate of increase was particularly strong in the professional and business services which include the leisure and hospitality industries.
For the first time since 2009’s summer, the rate of unemployment in the state of New York is now lower than the unemployment rate of the whole United States.
In April the city’s rate was at 9.8 percent compared to being at 10 percent in March and at the end of 2009 was high reaching at 10.5 percent. As per the state’s rate it fell to 8.4 percent last April from the rate of 8.6 percent last March.
Ms. Gardner added that the state of New York, during this time of recession has done better than the nation as a whole.
No comments:
Post a Comment