Monday, June 21, 2021
Cuomo-nomics? New York lags rest of the country in job growth | Just The News
Cuomo-nomics? New York lags rest of the country in job growth | Just The News: Jobs data released Thursday shows New York gained private-sector jobs in May but not at the same rate as the rest of the country.
The New York State Department of Labor said the number of jobs grew by 17,500, or 0.2%, last month as there are now nearly 7.5 million jobs in the state.
Nationally, the number of private-sector jobs grew at a 0.4% clip, meaning 492,000 new jobs were created.
New York’s unemployment rate went from 8.2% in April to 7.8% last month. That’s still significantly higher than the U.S. average of 5.8%.
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