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Mayor Rudolph W. Giuliani announced today that, according to the Employment/ Unemployment reports released today by the State Department of Labor, New York City continues to grow jobs, adding 1,900 new private sector jobs in March.
The Mayor also cited promising unemployment figures that show the rate falling
to 5.1% (seasonally adjusted) from 5.3% in February. Though the growth in new
jobs has slowed, year-over-year private employment is still up 75,400 jobs,
or 2.4%.
"This is good news for New York City," said Mayor Giuliani. "The
City's economy continues to show strength and resilience in spite of a sluggish
national economy."