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NYC Jobless Rate Drops Slightly Compared to Last Year

Photo: i2.cdn.turner.com The Labor Department found that New York City saw unemployment drop to 8.3 percent from 8.6 percent, compared to last year , while the 52 counties outside the metro area saw a drop from 8.
Unemployment
Photo: i2.cdn.turner.com

The Labor Department found that New York City saw unemployment drop to 8.3 percent from 8.6 percent, compared to last year, while the 52 counties outside the metro area saw a drop from 8.1 percent to 7 percent, the Daily News reports.

However, the city's rate is still significantly higher than the nation's, and more than 100,000 residents of the state have lost their extended unemployment benefits before they could find jobs, the State Labor Department reported.

Bronx had the highest unemployment rate last month, at 11.7 percent, followed by Brooklyn at 8.8 percent, Queens and Staten Island both at 7.6 percent, and Manhattan at 6.7percent.

The last time the city recorded an official unemployment rate of less than 8 percent was five years ago, in January 2009, at the start of financial crisis.




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