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New York City Comptroller Scott M. Stringer New York City Comptroller Scott M. Stringer

NEW YORK CITY—The New York City gross domestic product rose a moderate 2.7% in the second quarter, which helped fuel the lowest unemployment rate on record of 4.2%.

The GDP growth was the same as the 2.7% rate posted in the first quarter of this year, but lower than the 3.4% registered in the fourth quarter of 2017. The city’s unemployment rate fell from 4.3% in the first quarter. Most second quarter economic metrics were higher or still strong, according to a report released by New York City Comptroller Scott Stringer on Monday.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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