NYC Employment Update: private sector employment continues to rise

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New York City employment inched upward in April, besting the peak set in February

JLL’s New York City Employment Update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the June update include:

  • The city’s unemployment rate fell to 7.4 percent from 8.3 percent in March. The share of the employed working-age population grew to 55.5 percent in April.
  • NYC private sector employment continued to rise, growing by 1.9 percent (65,400 jobs) year-over-year.
  • Construction was the winner in April, more than doubling its historical monthly average for job additions.

Click here to read the report in full.