This Place Has The Worst Unemployment In New York

One place in New York has the worst job market in the entire state. The economy in America is certainly not headed in the right direction. A lot of people voted to improve the economy, but they are getting the opposite of what they were looking for. Tariffs have wreaked havoc on the stock market, and the federal trade war isn't helping investors' confidence.

The power struggle and ego games being played over trade are costing American families. The national unemployment rate increased very slightly from 4.1% in February to 4.2 percent in March. As of February, the most recent data available, the unemployment rate in New York was 4.3 percent. However, one place in New York has a significantly higher unemployment rate than the national and state averages.

READ MORE: Many New Yorkers Will Soon Have Money Taken From Paychecks

The Federal Reserve cut its growth forecasts for the U.S. economy, releasing a statement saying, “Uncertainty around the economic outlook has increased.” It expects inflation to increase at an average rate of 2/7 percent in 2025, an increase from its previous projection of 2.5 percent. The quick crashing of the economy affects all of us in New York, but one area will likely be harder hit due to its horrible job market.

Bronx County Has Worst Job Market In New York

According to 247 Wall St., Bronx County, one of the five boroughs that make up New York City, has the worst job market in the state. The unemployment rate for Bronx County was 6.8 percent.

- Unemployment rate in Dec. 2024: 6.8% (4.2% statewide)
- 1-year change in local jobless rate: +0.2 ppt. (+0.2 ppt. statewide)
- Number of unemployed residents: 41,057 (+2.6% year over year)
- Number of employed residents: 566,053 (+0.4% year over year)
- Total labor force: 607,110 (+0.5% year over year)

Get our free mobile app