Employment: Many industries are reaping the benefits of improving market fundamentals

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NYC Office Employment Update: September 2014

Employment_blogJLL’s monthly office employment update covers key employment statistics and trends, and the subsequent implications for real estate.

Highlights from the September update include:

  • The city’s unemployment rate fell to 7.3 percent in August from 7.8 in July, the lowest level since 2008.
  • Employment, however, increased marginally by 4,700 payrolls in August when seasonally adjusted, indicative of the summer slowdown.
  • The private sector declined by 0.1 percent month-over-month but is still 3.1 percent larger than August 2013.

Explore the full report for further trends and news about various companies operating in New York City.