FOR IMMEDIATE RELEASE
March 8, 2006
STATEMENT BY MAYOR BLOOMBERG ON NEW YORK CITY'S CONTINUED JOB GROWTH
Mayor Michael R. Bloomberg today announced a record monthly gain in employment among New Yorkers, setting a new record for the number of New Yorkers with jobs, according to the New York State Department of Labor. The City's unemployment rate fell to 5.6% in January 2006 from 5.8% in December 2005. The number of New Yorkers employed rose by 35,600 in January 2006 to a total of 3.58 million.
"More New Yorkers have jobs today than ever before, a clear sign our five-borough economic development strategy is working and moving the City in the right direction," said Mayor Bloomberg. "The City's unemployment rate stands at 5.6%, down from 6.0% a year ago, 8.0% two years ago and 8.6% three years ago, and we won't stop there. I've set a goal of creating 250,000 new private sector jobs throughout the City over the next five years, and by investing in economic development projects, making New York the most business-friendly city in the nation and encouraging growing industries, I'm confident we'll make that happen."
Stu Loeser/Jennifer Falk (212) 788-2958