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. “We still have work to do, but the work we are doing is have 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 Borough President Diaz took office in 2009, The Bronx has seen more than $7 billion in total development, which has led to the creation of over 15,000 new jobs. In addition, a new partnership announced by Governor Andrew Cuomo announced in August between the New York State Department of Labor and the Bronx Overall Economic Development Corporation, as part of the “NY Works,” program is placing Bronx residents in these jobs, helping to ensure that new development here benefits everyone, especially Bronxites.