Manhattan’s April Unemployment Rate Lowest Among the 5 Boroughs

New York City’s overall unemployment rate decreased over the past year, lowering 46.8% to 5.8% in April 2022 according to New York State Department of Labor’s (DOL) Labor Market Briefing report for New York City released in early June. However, despite improving job numbers, unemployment in each of the five boroughs remained above New York State’s overall rate of 4.2%. Manhattan led the way, unemployment declining to 4.4% at the low, in contrast to the Bronx where unemployment was 8.3% at the high, followed by Brooklyn, Queens and Staten Island where April unemployment rates were 6.0%, 5.5%, and 5.2% respectively.

Queens saw the highest percentage of decline year-over-year, the unemployment rate lowering 48.6%, followed close behind by Manhattan’s 47.6% change during the same period; while the remaining three boroughs saw declines averaging 45.0% to 45.9%, versus NYS’ overall decline of 45.5% over the 12-month period. The four industry sectors that make up 67% of NYC’s total nonfarm jobs are Educational & Health Services, Professional & Business Services, Government, and Trade, Transportation & Utilities, of which at the end of April 2022 Educational and Health Services accounted for the highest job numbers of 1,092,600; while the Leisure & Hospitality industry saw the highest number of job gains year-over-year totaling 109,600 jobs.