NEW YORK (AP) — The state labor department says New York City's unemployment rate has dropped.
It was 7.8 percent in July. That's down from 7.9 percent in June.
The Wall Street Journal (http://on.wsj.com/1nVIsgY ) says the drop occurred even though the private sector lost 9,000 jobs.
A department analyst says a contraction in the private labor market between June and July is typical. But this year the decrease was much smaller than usual.
Information from: The Wall Street Journal, http://www.wsj.com