City’s Job Growth Rate at Its Best Since the Fifties

NEW YORK, NY - FEBRUARY 13: The Empire State Building towers over the Manhattan skyline on February 13, 2012 in New York City. The owner of the Empire State Building, Malkin Holdings, plans to raise up to $1 billion in an initial public offering on the 102 story Manhattan landmark. (Photo by John Moore/Getty Images) Photo: John Moore/2012 Getty Images

The New York State Department of Labor said on Thursday that the city's private employers added about 27,000 jobs in April, dropping New York's jobless rate to 9.5 percent in April from 9.7 percent the month before. And according to a report by real estate investment firm Eastern Consolidated, the city's addition of 60,000 private sector jobs so far this year marks New York City's best four-month streak of job growth since the fifties. Happy days are here again! At least for about 90.5 percent of the city, excluding people who hate their jobs.