Mayor Michael R. Bloomberg today announced New York City’s average monthly unemployment rate in 2005 was 5.8%, the lowest since 2000, and the average number of residents employed was 3.51 million, the highest since comparable employment data collection began in 1978, according to the New York State Department of Labor. New York City’s unemployment rate fell to 6.0% in December 2005 from 6.4% in November 2005 and 6.6% in December 2004, and the number of New Yorkers employed rose by 17,500.
“The decline in unemployment last year is the latest sign that our five-borough economic development strategy is working,” said Mayor Bloomberg. “On average, more than 3.5 million New Yorkers had jobs last year – the highest number in at least 25 years, and our average unemployment rate was the lowest it’s been since 2000. By making New York City more livable, more business-friendly and more economically diverse, we continue to grow the economy and create jobs for New Yorkers.”