Data released yesterday from the New York State Department of Labor shows that while employers are still creating jobs, the rate of hire has decreased significantly. In New York City in May, the number of new jobs rose by 6,700, much less than the average monthly increase of 21,400 earlier this year. Construction, bars and restaurants are showing strong job growth but the manufacturing industry, especially predominant in Western New York, has had a significant decrease.
See "New York City Still Adds Jobs, but Shows Signs of Slowdown", Leslie Eaton, The New York Times, June 14, 2001