NYC adds 14,000 private jobs vs 9,300 in New Jersey

By Joan Gralla

NEW YORK, Dec 16 (BestGrowthStock) – New York City private
employers hired 14,000 workers in November, outpacing New
Jersey, whose governor just one day ago took credit for the
addition of 9,300 employees.

However, New York’s Norman Steele, deputy director of
research and statistics, in a statement on Thursday said that
New York on the whole has recently had a saw-tooth pattern of
gains, which he said mirrored the national experience.

New York state’s overall gain was quite small — just 700
private sector jobs but it “follows October’s very large gain
of 37,800,” he noted.

Republican Governor Chris Christie has won a national
reputation for closing a multibillion-dollar deficit without
raising taxes, and an article in the Wall Street Journal on
Thursday quoted him as saying his administration had spurred
the hiring spate by creating “optimism and certainty regarding
New Jersey’s business climate in the future because of the
tough things we’ve done on our spending and taxes.”

A Christie spokesman was not immediately available.

New Jersey employers sliced 115,600 jobs in the first 11
months of last year.

New York state’s unemployment rate slipped a tenth of a
percentage point to 8.3 percent in November from October. Last
month’s level was down six-tenths of a point from a year
earlier, its labor department said. New Jersey’s labor agency
said its jobless rate was unchanged at 9.2 percent, and down
seven-tenths of a point from a year-ago.

New York City’s unemployment in November also eased a tenth
of a percentage point to 9.1 percent from October, and compared
favorably with the year-ago higher reading of 10.5 percent.

Wall Street, which drives the city’s economy, hired 1,200
individuals at commodities and brokerages, according to data
city labor market analysts provided. But this sector, which
totals 162,200, has only grown 0.2 percent from a year ago.

Banking, from savings and loans to credit companies, lost
200 workers and now only employs 85,800 individuals. The
overall finance and insurance sector hired 1,400 people and
this workforce climbed to 312,300.

Professional and business services — accounting, legal
firms and such — hired 3,800 people and totals 583,500.

Reflecting the city’s strength as a center for academia and
medicine, the educational-health services sector added 8,100
jobs. Tourism was another strong suit: the leisure and
hospitality industry hired 1,400 workers. But the construction
and mining category cut 2,100 workers, squeezing the workforce
to 118,100.
(Editing by James Dalgleish)

NYC adds 14,000 private jobs vs 9,300 in New Jersey