New York-Newark-Jersey City, New York Unemployment
The BLS reported that the unemployment rate for New York rose 0.2 percentage points in October 2023 to 4.6%. For the same month, the metro unemployment rate was 0.4 percentage points higher than the New York rate. The unemployment rate in New York peaked in May 2020 at 17.5% and is now 12.9 percentage points lower. From a post peak low of 3.9% in July 2022, the unemployment rate has now grown by 0.7 percentage points. You can also compare New York unemployment with unemployment in other cities.
| Unemployment Rate | October 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.9% | +0.1 | +0.2 |
| New York | 4.2% | +0.2 | 0.0 |
| New York | 4.6% | +0.2 | +0.7 |
Unemployment Rate: New York, New York, National
Note: Recessions shown in gray.
New York, New York Unemployed
The number of people unemployed in New York peaked in May 2020 at 1,723,054. There are now 1,247,589 fewer people unemployed in the metropolitan area. From a recent trough of 394,343 in September 2022, the number of unemployed has now grown by 81,122. New York employment and jobs data (including jobs lost/gained in New York, New York) is also available.
| Unemployed Persons | October 2023 | Month/Month | Year/Year |
|---|---|---|---|
| New York | 475,465 | +14,100 | +77,662 |
Number of Unemployed Persons
New York, New York Unemployment History
| Date | National Unemployment Rate |
New York Unemployment Rate |
New York Unemployment Rate |
New York Unemployed |
|---|---|---|---|---|
| November 2023 |
3.7% | — | — | — |
| October 2023 |
3.9% | 4.2% | 4.6% | 475,465 |
| September 2023 |
3.8% | 4.0% | 4.4% | 461,365 |
| August 2023 |
3.8% | 3.9% | 4.3% | 450,949 |
| July 2023 |
3.5% | 3.9% | 4.2% | 437,949 |
| June 2023 |
3.6% | 3.9% | 4.2% | 432,752 |
| May 2023 |
3.7% | 3.9% | 4.1% | 419,976 |
| April 2023 |
3.4% | 4.0% | 4.0% | 412,155 |
| March 2023 |
3.5% | 4.1% | 4.0% | 409,901 |
| February 2023 |
3.6% | 4.2% | 4.0% | 407,464 |
| January 2023 |
3.4% | 4.2% | 3.9% | 405,171 |
| December 2022 |
3.5% | 4.1% | 3.9% | 403,056 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Unemployment
- / New York
- / New York
