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Long Island posted the first gain in jobs in 2 years. 6,700 to be exact! Long Island’s unemployment rate is now 6.6%, at the height (February it was 7.9% which was the highest rate since 1992. This is music to the ears of all local commerce…
Leisure & Hospitality sector experienced the greatest growth by adding 5,500 jobs.
NYC’s unemployment rate dropped to 9.8% in April from 9.9% in March, not much of a recovery but at least stable.
Long Island’s economy should be emerging from this great recession ahead of the rest of the state & country.