New York Area Economic Summary - U.S. Bureau of Labor …

Nov 29, 2024 · New York Area Economic Summary Updated November 29, 2024 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, …

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New York City Economic Summary - U.S. Bureau Of Labor …

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Unemployment rates for the nation and selected areas Average weekly wages for all industries by county New York City, first quarter 2024 (U.S. = $1,527)

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FAQs about New York Area Economic Summary - U.S. Bureau of Labor … Coupon?

What are New York state's labor market briefings?

These briefings offer an in-depth look at statistics for each of New York State's labor market regions. You'll find information about which industries gained jobs, the region's unemployment rate, demographics, and more. ...

How does New York's unemployment rate compare to the US?

The latest data shows that New York has a higher unemployment rate than the US overall. In November 2023, the unemployment rate in New York was 4.3%. Published by the Bureau of Labor Statistics (BLS), the official unemployment rate is the number of active job seekers divided by the labor force. ...

How did New York's unemployment affect the economy?

However, due to the slow recovery in the years following, New York’s employment growth lagged that of the nation as a whole; New York’s unemployment rate increased, resulting in workers dropping out of the labor force. ...

How old is the labor force in New York?

Source: U.S. Bureau of Labor Statistics For both New York and the rest of the nation, the labor force is predominantly ages 25 to 64, the age range when the population is generally finished with their education and has yet to enter retirement. As shown in Figure 19, New York has a higher share of its labor force that is older, aged 65 and over. ...

Is New York's economy strong?

New York's economy ranks 3rd in size among states and Washington, DC. Explore this page to learn about the state's economic growth, job market, and economy size, backed by data from reputable sources like the Bureau of Economic Analysis and the Bureau of Labor Statistics. Government data offers valuable insights into a state's economy. ...