Monthly Jobs Report: New York City Unemployment Rate at 5.2 Percent

According to the most recent monthly jobs report, the seasonally adjusted New York City unemployment rate for July was 5.2 percent, an increase of 0.2 percentage points from the month prior. During the same reporting period, 29,700 New York City jobs were added, on a seasonally adjusted basis, according to the New York Department of Labor.

Statewide, the seasonally adjusted unemployment rate remained unchanged at 4.7 percent in July. Month over month, the state saw seasonally adjusted job gains of 37,500.

How do these numbers impact employers looking to staff New York City jobs?

Robert Half District President Dawn Fay advises hiring managers to make their organizations stand out in the current market. “In spite of the increase in the New York City unemployment rate, we saw significant job growth this reporting period,” she says. “Therefore, it’s reasonable for employers to expect increased competition for skilled talent.” Fay recommends businesses gain an edge on competitors by crafting thorough job descriptions that accurately outline the required experience for the position and the responsibilities of the job. “Starting with a detailed description will help limit applicants to those with the required skills,” Fay states. “Too general a posting will bring in a large number of candidates who don’t fit the bill. Including additional information like a description of your corporate culture can also make your organization stand out to job seekers.”

Fay adds that, although candidates consider many other factors besides money when deciding whether to accept a job offer, salary remains an important part of the equation. “To attract top talent, you need to ensure the salaries you’re offering remain competitive,” she says. Fay also notes that employers can edge out the competition by offering comprehensive benefits packages that include basics like health insurance and retirement savings, along with additional perks like flexible work hours.

In search of talent for New York City jobs? Your local Robert Half recruiter is here to help. Call (844) 839-6888 today.