New York City’s unemployment rate has fallen to 5.7 percent, the lowest it’s been in seven years.
Weekly unemployment benefit applications dropped 24,000 to 297,000, the Labor Department said Thursday. That’s the fewest since May 12, 2007. The four week average, a less volatile measure, dipped 2,000 to 323,250.
The New Jersey Labor Department said the state gained 66,400 jobs in 2012. The figure is more than 18,000 greater than the preliminary estimate made in January.
Despite an aggressive campaign of job creation, a new report shows that New York City’s unemployment rate has risen to 10 percent– the same rate seen during the height of the recession in September 2009.
The retail and transportation industries, plus the government, all cut jobs last month. Manufacturing jobs were up and so were jobs in health care and financial services.
Unemployment rates were unchanged in four states. That’s better than December, when rates fell in 37 states, were unchanged in 10 and rose in three.
The state Labor Department says preliminary estimates indicate total nonfarm wage and salary employment grew to 3,881,000.
The unemployment rate dropped to the lowest level in more than two and a half years, falling to 8.6 percent in November, the Labor Department said Friday.
When the dismissal bell rings today, more than 700 New York City teacher aids and support staff will officially be out of a job.
The Labor Department has released some grim numbers showing economic growth is slowing and unemployment is rising.
New Jersey’s unemployment rate held steady in April as the state added 14,000 jobs. It was the third straight month of job increases.
The Labor Department said the private sector shed 13,300 jobs last month while the public sector cut 3,000 jobs.
Senate President Stephen Sweeney and Assembly Speaker Sheila Oliver said aggressive efforts are needed to bring down New Jersey’s unemployment rate. It’s currently 9.2 percent.
The latest figures show the number of unemployed New Yorkers climbed to 799,500 from 797,400 a month earlier.