Business

Job growth slows in NY

New York’s metropolitan tri-state private sector employment gains in April were a far cry from the jobs juggernaut in other areas of the country, according to a jobs report released Friday.

The combined tally for New York, New Jersey and Connecticut was 3,370 last month, compared with a whopping 23,390 private- sector job gains in Texas alone, 9,570 in Florida and 4,110 in Utah, according to the inaugural monthly ADP Regional Employment Report.

New York’s 1,490 job gains and Connecticut’s 1,230 were not exactly fighting for bragging rights.

But they still overtook New Jersey, which produced a mere 650 private-sector jobs.

Professional- and business-service jobs and manufacturing were hammered in New York, shedding more than 2,000 jobs.

Jim O’Sullivan, chief US economist at High Frequency Economics, warned not to read too much into the damning ADP report — just yet.

“You have to average these numbers out,” he told The Post.

“National numbers in April, for example, were a bit slower than the year-to-date average. And keep in mind that ADP was too low on national payroll numbers in April — it reported the economy added 119,000 private sector jobs.

The number ends up being 175,000 or so,” O’Sullivan added.

Still, ADP said Texas, Florida, Tennessee, Utah and Arizona all stood out in April, showing the largest job increases in the nation.

“The regions showing the largest increases last month were the South Atlantic region, driven by Florida, Georgia and Virginia, and the West South Central region, driven by Texas. Together, these two regions generated a combined total of 60,000 private sector jobs — approximately half of all private sector jobs created during the month, said Ahu Yildirmaz, senior director of the ADP.

But while the Sun Belt was enjoying stronger growth, the ADP report showed that private sector employment in New York reflected a continued slowdown since the start of the year.

The report also highlighted weaker job gains over two consecutive months in New Jersey.

According to Bureau of Labor Statistics New York State’s unemployment rate fell to 8.2 percent last month.

The rate in New York City also decreased over the month to 8.9 percent while the rate in the balance of state region (New York State outside of New York City) fell to 7.7 percent.