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New York State Department of Labor

State Unemployment Rate Remains at 6½ Year Low

NYS Adds More Than 126,000 Private Sector Jobs Over Past Year

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Albany, NY (May 21, 2015) -

Since April 2014, New York State’s private sector job count has increased by 126,200, or 1.7 percent. Since the beginning of Governor Andrew M. Cuomo’s administration, the state’s economy has added 626,100 private sector jobs and experienced employment growth in 45 of the past 52 months. In April 2015, the state’s private sector job count decreased by 18,300, or 0.2 percent, to 7,736,400.

The statewide unemployment rate in New York remained unchanged at 5.7% in April 2015, its lowest level since August 2008, according to preliminary figures released today by the New York State Department of Labor. New York City’s unemployment rate decreased over the month from 6.6% to 6.5%.

The state’s private sector job count is based on a payroll survey of 18,000 New York employers conducted by the U.S. Department of Labor’s Bureau of Labor Statistics. Monthly payroll employment estimates are preliminary and subject to revision as more data becomes available the following month. The federal government calculates New York’s unemployment rate partly based upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.

“New York State’s economy has remained resilient, adding more than 125,000 private sector jobs over the past year. In addition, the state’s unemployment rate remained at its lowest level since August 2008,” said Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics.

Note: Seasonally adjusted data are used to provide the most valid month-to-month comparison. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month; for example, April 2014 versus April 2015.

 

1) Jobs data (seasonally adjusted):

U.S. and New York State, March - April 2015

The table below compares the over-the-month change in total nonfarm and private sector jobs in the United States and New York State in March-April 2015.

Change in Total Nonfarm and Private Sector Jobs,
March 2015 – April 2015
  Change in
Total Nonfarm Jobs:

(private sector + government)
Change in
Private Sector Jobs:

Net
%
Net
%
United States +223,000 +0.2% +213,000 +0.2%
New York State -14,700 -0.2% -18,300 -0.2%

 

2) Unemployment rates (seasonally adjusted):

The state’s unemployment rate is calculated by the U.S. Bureau of Labor Statistics, using a statistical regression model that primarily uses the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month. The statewide unemployment rate remained unchanged at 5.7% in April 2015. The number of unemployed New Yorkers increased slightly over the past month – from 548,200 in March 2015 to 552,400 in April 2015.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
  April 2015* March 2015 April 2014
United States 5.4 5.5 6.2
New York State 5.7 5.7 6.5
New York City 6.5 6.6 7.6
NYS, outside NYC 5.1 5.1 5.7

 

3) Jobs data (not seasonally adjusted):

U.S., New York State and Metro Areas: April 2014 - April 2015

The table that follows compares the over-the-year change in total nonfarm and private sector jobs that occurred in the United States, New York State and metro areas within the state between April 2014 and April 2015.


Change in Total Nonfarm and Private Sector Jobs, April 2014 – April 2015
  Change in
Total Nonfarm Jobs:

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +3,085,000 +2.2% +3,019,000 +2.6%
New York State +127,800 +1.4% +126,200 +1.7%
 
    Albany-Schenectady-Troy +4,000 +0.9% +3,400 +1.0%
    Binghamton -300 -0.3% -400 -0.5%
    Buffalo-Niagara Falls +7,500 +1.4% +8,100 +1.8%
    Dutchess-Putnam -600 -0.4% -200 -0.2%
    Elmira +800 +2.1% +800 +2.5%
    Glens Falls +700 +1.3% +700 +1.6%
    Ithaca -800 -1.1% -400 -0.6%
    Kingston +500 +0.8% +600 +1.3%
    Nassau-Suffolk +8,200 +0.6% +7,900 +0.7%
    New York City +96,600 +2.4% +93,900 +2.7%
    Orange-Rockland-Westchester +3,700 +0.5% +4,000 +0.7%
    Rochester +5,400 +1.0% +5,800 +1.3%
    Syracuse +1,700 +0.5% +1,600 +0.6%
    Utica-Rome +1,600 +1.3% +1,800 +1.9%
    Watertown-Fort Drum +500 +1.2% +400 +1.4%
    Non-metro Counties +600 +0.1% +400 +0.1%

 

Job highlights since April 2014:

  • Over the past year, private sector jobs grew most rapidly in these metro areas:
    • New York City (+2.7%)
    • Elmira (+2.5%)
    • Utica-Rome (+1.9%)
    • Buffalo-Niagara Falls (+1.8%)
    • Glens Falls (+1.6%)
    • Watertown-Fort Drum (+1.4%)
    • Kingston (+1.3%)
    • Rochester (+1.3%)
  • Three metro areas in New York State -- Ithaca (-0.6%), Binghamton (-0.5%) and Dutchess-Putnam (-0.2%) -- experienced declines in their respective private sector job counts between April 2014 and April 2015.

4) Jobs data (not seasonally adjusted):

Change in jobs by major industry sector, April 2014 – April 2015

The table below compares the over-the-year change in jobs by major industry sector in New York State occurring between April 2014 and April 2015.

Change in Jobs by Major Industry Sector,
April 2014 – April 2015

*Educational and health services is in the private sector.
Government includes public education and public health services.
Sectors With Job Gains:
Educational & Health Services* +44,500
Professional & Business Services +29,800
Trade, Transportation & Utilities +18,200
Leisure & Hospitality +12,100
Other Services +8,800
Financial Activities +7,600
Construction +5,600
Information +2,800
Government* +1,600
 
Sectors With Job Losses:
Manufacturing -3,000
Natural Resources & Mining -200

 

Highlights among NYS sectors with job gains since April 2014:

  • Private educational and health services added the most jobs (+44,500) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+38,500), especially ambulatory health care services (+23,200).
  • Professional and business services had the second largest increase in jobs (+29,800) between April 2014 and April 2015. Over the past year, sector job gains were mostly in professional, scientific and technical services (+20,900), especially computer systems design and related services (+8,000).
  • The third largest employment increase over the past year was registered in trade, transportation and utilities (+18,200), with sector gains centered in retail trade (+11,500) and transportation, warehousing and utilities (+4,000).

Highlights among NYS sectors with job losses since April 2014:

  • Over the past 12 months, manufacturing lost more jobs (-3,000) than any other major industry sector in the state. Sector losses were split between nondurable goods (-1,700) and durable goods (-1,300).
  • Natural resources and mining also lost jobs (-200) over the past year.

 

5) Regular Unemployment Insurance (UI):

For New York State, during the week that included April 12, 2015, there were 145,057 people (including 133,211 who live in the state) who received benefits under the regular Unemployment Insurance (UI) program.

New York State residents who received Unemployment Insurance benefits made up 24% of the total unemployed in the state in April 2015.

Note: The responsibility for the production of monthly estimates of state and metro area nonfarm employment by industry moved from the Division of Research and Statistics to the U.S. Bureau of Labor Statistics (BLS), starting with the March 2011 estimates. More detailed information on the change is available on the BLS web site.

Many economic data series have a seasonal pattern, which means they tend to occur at the same time each year (e.g., retail jobs usually increase in December). Seasonal adjustment is the process of removing seasonal effects from a data series. This is done to simplify the data so that they may be more easily interpreted and help to reveal true underlying trends. Seasonal adjustment permits comparisons of data from one month to data from any other month.

Labor force statistics, including the unemployment rate, for New York and every other state are based on statistical regression models specified by the U. S. Bureau of Labor Statistics. In New York State, payroll jobs data by industry come from a monthly survey of 18,000 business establishments. Jobs data by industry do not include agricultural workers, the self-employed, unpaid family workers or domestic workers in private households.

 

See State and Area Job Data (opens in new window)
See Labor Market Overview (opens in new window)
See Jobs and Unemployment Fact Sheet (opens in new window)

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