December 26, 2013
By Stephanie West
New York City's unemployment rate in November 2013 is higher than the state's (7.4%) and the nation's (7.0%). New York City's unemployment rate has been higher than the nation's for 26 months. New York City gained 113,700 private sector jobs since November 2012.
The City's private sector growth rate this year (+3.4%) was stronger than the state's (+1.9%) and the nation's (+2.1%). Over the past year, the sectors with the most job growth were – retail trade (+11,900);health care and social assistance (+30,100); food services (+18,500); and educational services (+18,300).
The largest job losses were in government (-3,500). The worst job losses in the past month were in real estate and rental and leasing; finance and insurance (-1,500); and laundry services.
New York City's seasonally adjusted unemployment rate decreased from October to November from 8.7% to 8.5%. This is lower than the City's unemployment rate of 8.9% one year ago.
