Returning to original state after 4 years, a positive indicator of New York State’s economic recovery, the number of private sector jobs in New York State has fully recovered to the figure before the COVID-19 pandemic.
New York Governor Cathy Hokull announced on the 7th, “The number of private sector jobs, which had plummeted due to the pandemic, reached a total of 8,346,200, including an increase of 47,000 in January, exceeding the pre-pandemic figure.”
It is evaluated as a positive indicator of New York State’s economic recovery as it returns to its original state four years after the pandemic. According to the Governor’s Office, the number of private sector jobs plummeted to 6.4 million in April 2020, when COVID-19 spread rapidly, and closures continued. It was the lowest record in 30 years, but it is explained that 1,935,600 jobs were recovered over 4 years. T
he New York State Department of Labor, the current unemployment rate in New York is 4.5%. Compared to the average of 10% in 2020, it has improved by more than half.
New York’s private sector job numbers are based on a survey of corporate salaries conducted by the federal Bureau of Labor Statistics. Governor Hokul said, “New York is back.
“The private sector, particularly private education, health services, tourism (leisure and hospitality), and professional and business services, led the job recovery,” he said, adding that the country recorded a record 8.3 million jobs thanks to its remarkable resilience. Jobs in the private sector went beyond simple recovery and transformed into eco-friendly jobs.”