Albany, NY (April 19, 2011) -
The State Labor Department today released local area unemployment rates for March 2011. All data in this release are not seasonally adjusted. The most valid comparisons with this type of data are year-to-year comparisons of the same month; for example, March 2010 versus March 2011.
The table below compares unemployment rates in New York State and the United States, as well as rates in the Upstate and Downstate regions, and metro areas in the state in March 2010 and March 2011 (not seasonally adjusted).
|March 2011:||March 2010:|
|New York State||8.0%||9.1%|
|Downstate NY (10-co. area)||7.9%||9.2%|
|New York City||8.4%||10.0%|
|Upstate NY (52-co. area)||8.3%||9.1%|
Unemployment rate highlights in March 2011:
Note: 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. All data in this release are not seasonally adjusted.
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. These are the most up-to-date estimates of persons employed and unemployed by place of residence. Estimates are available for New York State, labor market regions, metropolitan areas, counties, and municipalities of at least 25,000.