For the 12-month period ending December 2016, the private sector job count in New York City rose by 58,300, or 1.5 percent, to 3,825,300. Job gains were largest in educational and health services (+25,500), leisure and hospitality (+14,700), trade, transportation and utilities (+8,000), professional and business services (+7,700), other services (+6,400) and natural resources, mining and construction (+3,100). Losses were focused in financial activities (-4,200), information (-2,200) and manufacturing (-700).
The city’s over-the-year picture remained positive, with six sectors adding jobs for the 12 months through December 2016 while only three lost jobs. The city’s over-the-year private sector growth rate (+1.5 percent) was above the comparable rate for the state (+1.2 percent) and equal to the nation’s (+1.5 percent).
The city’s seasonally-adjusted unemployment rate was 5.2 percent in December 2016, down 0.5 of a point from November but unchanged from a year ago. New York State’s rate was 4.9 percent in December 2016. The share of the city’s working-age population (16+) who were employed was 56.6 percent in December 2016.