Bronx Job Numbers Up

BRONX UNEMPLOYMENT DROPS AGAIN

 

Bronx Borough President Ruben Diaz Jr. is praising new job numbers from the New York State Department of Labor, which show another drop in the borough’s unemployment rate and a significant increase in the county’s labor participation rate.

 

“We are creating more jobs in The Bronx, and more and more Bronxites are finding work,” said Bronx Borough President Ruben Diaz Jr. He admitted that more work still remains to be done, but acknowledged that “the work we are doing is having a real effect on the economic outlook of The Bronx.”

 

Newly released statistics from the New York State Department of Labor show The Bronx unemployment rate at 7.8% for June 2015, down from 9.7% in June 2014 and down from a peak of 13.9% in January 2010. In addition, these numbers indicate that roughly 20,500 more Bronx residents are employed now than in June 2014, and that the overall Bronx labor force grew by roughly 10,000 individuals over the same time period. 

 

The Department of Labor’s complete release can be found at http://on.ny.gov/1HRKDx1.

 

Since taking office in 2009, Diaz has overseen more than $7 billion in new development, which has led to the creation of over 15,000 new Bronx jobs. In addition, the NY Works partnership –announced by Governor Andrew Cuomo in August 2014– between the New York State Department of Labor and the Bronx Overall Economic Development Corporation, is placing Bronx residents in these jobs and helping to ensure that new development projects in the borough benefits everyone, especially Bronxites.

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