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New York’s Unemployment Rate Falls


unem1.jpgNew York state’s seasonally-adjusted unemployment rate fell in November, according to new figured released this afternoon by the Department of Labor.

The jobless rate fell from 9.0 percent to 8.6 percent last month.

Moreover, the number of unemployment residents declined from 871,000 to 833,000.

In New York City, the number of unemployed moved from 413,000 in October to 397,000 in November – bringing the number of unemployed in the city down .3 percent to 10 percent.

The city saw 41,000 new jobs in the education and health sectors, with the biggest losses in trade and utilities.

The figures are still much higher than this time last year, when the state jobless rate in November was 6.3 percent and the city jobless rate was 6.7 percent.

The nation’s unemployment rate also saw a slight drop. It was 10 percent in November, down from 10.2 percent in October.

Experts say while the numbers are encouraging, it’s too early to establish a trend.

(Source: NY1)



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