FOR IMMEDIATE RELEASE
April 19, 2007
STATEMENT BY MAYOR MICHAEL BLOOMBERG ON NEW YORK CITY'S LOWEST UNEMPLOYMENT RATE EVER
Mayor Michael R. Bloomberg today announced the New York City unemployment rate fell to 4.3% in March, the lowest since comparable data collection began in 1976, according to the New York State Department of Labor. Over the past five years, the City's unemployment rate has fallen steadily from 8.4% in March 2003, 7.7% in March 2004, 5.5% in March 2005, 5.3% in March 2006 and 4.3% in March 2007.
"New York City's economy continues to grow, and today's news that our unemployment rate fell yet again to an historic low is the latest sign that everything we're doing to create and keep jobs in New York is working," said Mayor Bloomberg. "Our ambitious five-borough economic development strategy is designed to make the City more livable, more business-friendly and more economically diverse. Our crime rate is lower and our schools are getting better, so it's no surprise that people want to locate and grow businesses here and create more jobs."
Stu Loeser/John Gallagher (212) 788-2958