NYC loses construction jobs, adds other real estate positions in September: report

TRD New York /
Oct.October 25, 2011 11:55 AM

New York City lost 900 construction jobs in September and added 100 real estate sector jobs, according to an Eastern Consolidated report with the most recent city employment data from the New York State Department of Labor.

Overall, the city lost 13,500 jobs last month, including 8,700 private sector jobs, marking a correction in an otherwise positive trajectory of job growth.

“Since bottoming in September 2009, New York City has added 82,200 jobs, or 2.2 percent. The U.S. has added 2.09 million jobs since its nadir, February 2010, a growth rate of 1.6 percent,” the report says. “The city is 36,400 private sector jobs short of its peak in April 2008, or 1.5 percent below. The U.S. remains 6.26 million private sector jobs short of its peak in January 2008, or 5.4 percent below.”

Construction jobs in the city are down 2.2 percent since December 2010 and 10.2 percent since September 2009. Real estate sector jobs, which include any positions within a real estate company, are up 4.5 percent since December 2010 and 2.2 percent since September 2009. — Katherine Clarke

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