State Added Private Sector Jobs for 3rd Month in a Row
NYS Unemployment Rate Fell to 8.6% in March, Lowest Since June 2009
Albany, NY (April 15, 2010) - New York State's economy gained 9,200 private sector jobs (+0.1%) on a seasonally adjusted basis in March 2010, the State Labor Department reported today. This was the state's third straight monthly increase.
New York's total nonfarm job count grew by 11,700 (+0.1%) in March. The nonfarm job count tracks all jobs in the private and public sectors. It does not count the self-employed and workers in private homes and on farms.
New York State's seasonally adjusted unemployment rate went down from 8.8% in February to 8.6% in March 2010. This was its lowest level since June 2009. The number of unemployed New Yorkers dropped slightly, from 844,500 in February to 831,800 in March 2010.
"We continue to see improvement in the New York State economy. In March 2010, the state added private sector jobs for the third month in a row, while the state's unemployment rate dropped to its lowest level since June 2009," said Peter A. Neenan, Ph.D., Director of the Division of Research and Statistics.
Note: When comparing different months, seasonally adjusted data provide the most valid comparison; for example, February 2010 versus March 2010. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month; for example, March 2009 versus March 2010.
Unemployment rates (seasonally adjusted)
New York State's seasonally adjusted unemployment rate decreased from 8.8% in February to 8.6% in March 2010. The U.S. unemployment rate held steady at 9.7% in March 2010. New York City's rate decreased from 10.2% in February to 10.0% in March 2010. The rate in the rest of the state (outside of New York City) stayed the same at 7.7% in March.
Unemployment Rates* (seasonally adjusted)
*Data are preliminary and subject to change.
For the complete report, please see the NYSDOL March 2010 Job Numbers Report.