New York City’s unemployment rate hits a record low

Let the good times roll.

New York City’s economy is humming along — recording a historic low unemployment rate of 4.2 percent in the spring of 2018, according to a report released Monday by City Comptroller Scott Stringer.

The analysis shows that the city’s gross domestic product grew 2.7 percent, adding 13,800 jobs in April, May and June.

High wage-industries accounted for 6,000 of those new jobs — the biggest gain in the last two years, according to Stringer.

The unemployment rate dipped from 4.3 percent citywide in the first quarter of 2018 to 4.2 percent in the second quarter.

While it ranged from a low of 3.4 percent in Queens to a high of 5.3 percent in The Bronx, both figures represented record lows.

Manhattan unemployment was at 3.5 percent, with Staten Island at 3.9 percent and Brooklyn at 4 percent — also all record lows.

Meanwhile, the number of employed New Yorkers also set a new record, at 4,049,200.

Despite the sunny trends, Stringer voiced a note of caution given the prolonged growth in the economy without a setback.

“These numbers are good signs, but there are risks to the continued expansion,” he said. “Between rising federal deficits and a possible trade war, it is more important than ever to prepare for the future.”

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