25 August 2015
Last Friday, New Yorkers were able to start their weekend with some good news from the New York State Department of Labor. At 5.7%, New York City’s unemployment rate had fallen to the lowest it’s been in seven years! In this same report, the Department of Labor noted that the city had added 107,800 private sector jobs in the last year – an impressive increase of 3%, which is greater than the national growth rate of 2.4%. 10,000 of these jobs were created in June and July alone, which drove the NYC unemployment rate down from 6.1% – the greatest decline in New York City history, according to the Deputy Mayor for Economic Development. “As a professional living or working in New York City, now is an excellent time to be a job seeker,” says Edward Fleischman, CEO of The Execu|Search Group. “The improving economy has driven a demand for talent, which has resulted in the declining unemployment rate. This has created a very candidate-driven market where many professionals have the upper-hand and can choose the opportunity that is the best fit for them.” In other words, get out there and start looking!