Unemployment Rate Declines as Jobs Return to Nassau County
Mineola, NY – Nassau County Executive Edward P. Mangano’s economic policies of freezing property taxes for four straight years and creating local jobs have resulted in lower unemployment. Today, the New York State Department of Labor released statistics indicating a drop in unemployment to 5.1% this past December, from 7.1% in December 2012. Long Island’s overall unemployment rate of 5.1% indicates how local economic policies are working when compared statewide (6.6% unemployment) and throughout the nation (6.5% unemployment).
“My administration knows that high property taxes kill jobs and depress the local economy. That is why I repealed the Home Energy Tax and froze property taxes for the past four years,” said County Executive Mangano. “My policies of freezing property taxes have sent a clear message to employers to ‘create jobs in Nassau.’ Long Island now having the lowest unemployment rate in the State of New York is evidence that Nassau’s economic policies have created unprecedented job opportunities for our residents.”
County Executive Mangano and his economic development team have helped create and retain more than 20,000 private sector jobs in Nassau County. Since taking office, the Mangano administration helped attract new employers to Nassau County including the International Headquarters of Hain Celestrial, while helping other local employers expand their operations and add jobs to local offices. Just recently, Camoin Associates issued an independent report that was commissioned by the Nassau County Industrial Development Agency demonstrating how the film industry is also expanding in Nassau and generated over $140 million in economic benefit for the County over the past year.
To help residents find employment, County Executive Mangano hosted several private sector job fairs that collectively drew thousands of employers and 25,000 job seekers. For those residents unable to attend the job fairs and employers unable to advertise local job opportunities, County Executive Mangano launched the application NassauWorks which connects job seekers with over 19,000 local employment opportunities at no cost to the employer.