FOR IMMEDIATE RELEASE
October 19, 2006
STATEMENT BY MAYOR BLOOMBERG ON NEW YORK CITY'S LOWEST UNEMPLOYMENT RATE IN 18 YEARS
Mayor Michael R. Bloomberg today announced the New York City unemployment rate fell to 4.5% in September, the lowest it has been since February 1988, down from 5.1% in August 2006 and 5.9% in September 2005, according to the New York State Department of Labor. In September 2006, the number of New Yorkers employed rose by 6,700 to 3,570,300 and the number of unemployed fell by 21,100 to 169,000.
"New York City's unemployment rate is the lowest it has been since February 1988, and it is lower than the national average for the first time since August of that year," said Mayor Bloomberg. "Our five borough economic strategy is creating jobs and opportunities for New Yorkers across the city, and the fact that unemployment has hit an almost 20-year low is a good sign our efforts are paying off."
Stu Loeser/Jennifer Falk (212) 788-2958