NYC Creates More Jobs But Unemployment Is Still Rising
by Adel Manoukian Despite the positive fact that the city gained about 25,000 jobs in May, the amount of unemployment still rises to 9.7% according to the NY State Department of Labor. Employers claim that they are hiring more workers, yet finding work has proved to be difficult for residents. The increase in jobs has been great for the spring, greater than it has ever been for this time of year. In this year alone, employment opportunities have increased at faster rates in the city than in the nation. But economists are still puzzled as to why unemployment is continuing to increase despite the efforts of businesses and companies. The unemployment rate for the city is actually higher than the national unemployment rate. James P. Brown, principal economist for the New York State Department of Labor claims that although the economy is strengthening by creating jobs, the market is still tough, according to an article published by the New York Times. Brown notes that most of the jobs that have been created are in the professional and business services. These services include careers such as lawyers and accountants, so it really depends on the industry.
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