US

New York City September jobless rate falls to 9.3%, lowest in 16 months

interns Contributor

New York City’s seasonably adjusted unemployment rate dropped to 9.3 percent in September, the lowest in 16 months, the state Labor Department said.

The city jobless rate was down from 9.4 percent in August and 10.3 percent in September 2009, the department in Albany said in a report today. The state rate remained at 8.3 percent.

In the city, the nation’s most-populous, private employment increased by 8,200, below the 10-year average monthly gain of 24,100. It rose by 33,700 in the 12 months ending in September, the report said.

Full Story: New York City September jobless rate falls to 9.3%, lowest in 16 months – Bloomberg