New York’s private sector added 47,400 jobs in May
ALBANY, N.Y. — The private sector in New York adding a whopping 47,400 jobs in May, the largest jump in employment since 2000. The preliminary numbers were reported by the New York State Department of Labor.
With the addition of those jobs, the state now has nearly 8 million people employed in the private sector.
Since the beginning of Gov. Andrew M. Cuomo’s administration, the state’s economy has added 673,500 private sector jobs and experienced employment growth in 46 of the past 53 months.
The statewide unemployment rate in New York was unchanged at 5.7 percent in May 2015, remaining at its lowest level since August 2008. New York City’s unemployment rate decreased over the month from 6.5% to 6.4%.
“This represented the state’s largest monthly private sector job gain in 15 years. In addition, the state’s unemployment rate remained at its lowest level since mid-2008,” said Bohdan M. Wynnyk, deputy director of the Division of Research and Statistics.