New York City’s economy climbed out of a ditch in October, adding the highest number of jobs since September of last year.
Employers added 40,200 jobs, counted on a seasonally adjusted basis, according to a report from the state’s Department of Labor. That’s 7.6% of all U.S. positions added last month, according to Barbara Denham, a New York City economist at Oxford Economics.
The city’s unemployment rate dropped to 9.4%, down from 9.8% in September.
Broadway, concerts and spectator sports brought workers back, providing fuel to a recovery that had been stalling without a full-fledged entertainment sector. Performing arts added 5,300 positions, following a 3,700 gain in
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