- Associated Press - Friday, August 15, 2014

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.

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Information from: The Wall Street Journal, http://www.wsj.com

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