New York City residents, rejoice! A mere 9.4 percent of you were unemployed in August, according to figures released today by the New York State Department of Labor. That’s a little better than the nationwide rate of 9.6 percent.
The city rate remained flat from July, and marked a decrease from the August 2009 reading of 10.1 percent. Statewide unemployment rose to 8.3 percent from 8.2 percent in July. Sure, upstaters are more likely to have jobs, but they also don’t get to live in NYC.
According to Reuters, a pickup in construction employment offset dismal hiring on Wall Street, where 200 jobs were lost and the total number of workers fell to 161,200.