Private sector employment in New York City rose by 96,300, or 2.7 percent, to 3,720,600 for the 12-month period ending March 2016. Jobs grew in educational and health services (+32,500), professional and business services (+27,900), natural resources, mining and construction (+9,000), leisure and hospitality (+8,100), information (+5,100), other services (+5,000), financial activities (+4,800), manufacturing (+2,800), and trade, transportation, and utilities (+1,100). Government employment rose by 4,100.
The city’s over-the-year picture was positive, with every sector adding jobs for the 12 months through March 2016. The city’s over-the-year private sector growth rate (+2.7 percent) was above the comparable rate at the state (+1.7 percent) and the nation (+2.3 percent).
The city’s seasonally-adjusted unemployment rate was 5.5 percent in March 2016, up 0.1 of a point from February but down 0.6 of a percentage point compared to a year ago. New York State’s rate was 4.8 percent in March 2016. The share of the city's working-age population (16+) who were employed was 58.2 percent in March 2016. The number of City residents with jobs increased by 77,500 (+2.0%) between March 2015 and March 2016.
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