According to figures released by the State Labor Department, the job market in New York City continues to recover more strongly than the rest of the state and nation.
NYC has accounted for all of the private-sector job growth in the state in the past year. The number of jobs in the private-sector in NYC has risen by 48,500, an increase of 1.6 percent. More than five times as fast as the nation's private-sector employment.
Much of the hiring is happenning in retail stores, restaurants, private schools, and health care facilities. Last month construction was a prime area of job growth. The financial services industry employed more people in the city last month than a year ago.
NYC generated more than 10% of US private-sector job gains in 2010. Over the past year, NYC and Long Island have added 60,000 private-sector jobs, while the rest of the state has lost several thousand jobs.
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