New York, NY Jobs Report
Real time jobs report data summary. Figures are based on the latest data provided by the Bureau of Labor Statistics (BLS.gov). All jobs numbers are for non-farm employment.
The unemployment rate fell to 13.3% in May, the Labor Department said Friday, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20% after it hit 14.7% in April, which was the highest since the government began keeping official statistics after World War II and after more than 20 million jobs were lost.
Financial markets have been on an upward trajectory for weeks, as investors have responded to signs around the world that businesses were slowly but steadily returning to normal.
*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov. The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries. The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.