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New York State
Department of Labor

Andrew M. Cuomo, Governor Peter M. Rivera, Commissioner

NYS Economy Adds 21,300 Private Sector Jobs in February 2012

Almost 10% of all new jobs created in the United States in February were created in New York State

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Albany, NY (March 29, 2012) -

New York State's economy added 21,300 private sector jobs, or 0.3%, in February 2012, the State Labor Department reported today. Since the state's economic recovery began in November 2009, New York has recouped 95%, or 309,200, of the private sector jobs lost during the state's recession in 2008-2009.

Year over year from February 2011 to February 2012, New York State added 138,500 net new private sector jobs.

Almost 10% of all new jobs created in the United States in February were created in New York State.

"In February 2012, the New York State economy continued to grow as it added more than 21,000 private sector jobs. The state is poised to regain all of the private sector jobs lost during the 2008-2009 recession," said Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics.

1) Unemployment rates (seasonally adjusted):

The state's unemployment rate for February 2012 was 8.5%, up from January 2012's level of 8.3%. Over the same time period, the U.S. unemployment rate remained unchanged at 8.3%. The number of unemployed New Yorkers also increased over the month -- from 787,900 in January to 805,800 in February 2012.

Note: The data above are seasonally adjusted. Seasonally adjusted data 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, February 2011 versus February 2012.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
  February 2012* January 2012 February 2011
United States 8.3 8.3 9.0
New York State 8.5 8.3 8.1
New York City 9.6 9.3 8.8
NYS, outside NYC 7.7 7.6 7.6

 

2) Jobs data (seasonally adjusted):

U.S. and New York State, January 2012 - February 2012

The table below compares the over-the-month change in total nonfarm and private sector jobs in the United States and New York State between January 2012 and February 2012.

Change in Total Nonfarm and Private Sector Jobs,
January 2012 - February 2012
  Change in
Total Nonfarm Jobs:

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

Net
%
Net
%
United States +227,000 +0.2% +233,000 +0.2%
New York State +24,700 +0.3% +21,300 +0.3%

 

3) Jobs data (not seasonally adjusted):

U.S., New York State, Major Regions, and Metro Areas: February 2011 - February 2012

Year over year from February 2011 to February 2012, New York State added 124,000 net new private sector jobs, including 32,000 in upstate New York.

The table below compares the over-the-year change in total nonfarm and private sector jobs in the United States, New York State, the Upstate and Downstate regions, and metro areas in the state between February 2011 and February 2012.


Change in Total Nonfarm and Private Sector Jobs,
February 2011 - February 2012
  Change in
Total Nonfarm Jobs:

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +2,016,000 +1.6% +2,211,000 +2.1%
New York State +122,600 +1.4% +124,200 +1.8%
 
Downstate NY (10-co. area) +86,100 +1.6% +90,800 +2.0%
  New York City +62,000 +1.7% +65,200 +2.0%
  Suburban Counties +24,100 +1.4% +25,600 +1.8%
    Nassau-Suffolk +19,700 +1.6% +20,800 +2.1%
    Putnam-Rockland-Westchester +4,400 +0.8% +4,800 +1.1%
 
Upstate NY (52-co. area) +30,000 +1.0% +32,200 +1.4%
  Metro Areas +27,800 +1.1% +27,100 +1.4%
    Albany-Schenectady-Troy +5,500 +1.3% +5,400 +1.7%
    Binghamton +1,400 +1.3% +2,200 +2.7%
    Buffalo-Niagara Falls +3,600 +0.7% +3,800 +0.9%
    Elmira -1,700 -4.3% -1,200 -3.7%
    Glens Falls +3,400 +6.5% +3,900 +9.6%
    Ithaca -4,100 -6.1% -3,500 -6.2%
    Kingston +1,500 +2.5% +1,800 +4.1%
    Poughkeepsie-Newburgh-Middletown +5,700 +2.3% +4,900 +2.5%
    Rochester +9,000 +1.8% +8,200 +2.0%
    Syracuse +1,500 +0.5% -500 -0.2%
    Utica-Rome +2,000 +1.6% +2,100 +2.3%
Non-metro Counties +2,200 +0.4% +5,100 +1.3%

 

Job highlights since February 2011:

  • Since February 2011, the number of private sector jobs in the state increased by 124,200, or 1.8%. Over the same time frame, the nation's private sector job count increased by 2.1%.
  • In the 10-county Downstate region, private sector jobs grew by 2.0% over the past year. Within the Downstate region, jobs grew by 2.0% in New York City and by 1.8% in the suburban counties.
  • In the 52-county Upstate region, the private sector job count grew by 1.4% over the past year.
  • Over the past year, private sector jobs grew most rapidly in these metro areas in the state:
    • Glens Falls (+9.6%)
    • Kingston (+4.1%)
    • Binghamton (+2.7%)

    • Poughkeepsie-Middletown-Newburgh (+2.5%)
    • Utica-Rome (+2.3%)
    • Nassau-Suffolk (+2.1%)
  • Ithaca (-6.2%), Elmira (-3.7%) and Syracuse (-0.2%) were the metro areas in the state that lost private sector jobs between February 2011 and February 2012.

4) Jobs data (not seasonally adjusted):

Change in jobs by major industry sector, February 2011 - February 2012

The table below compares the over-the-year change in jobs by major industry sector in New York State between February 2011 and February 2012.

Change in Jobs by Major Industry Sector,
February 2011 - February 2012

*The educational and health services category is in the private sector. Government includes public education and health services.
Sectors With Job Gains:
Professional & Business Services +55,200
Educational & Health Services* +25,400
Leisure & Hospitality +25,100
Trade, Transportation & Utilities +17,000
Financial Activities +12,900
 
Sectors With Job Losses:
Information -5,900
Construction -4,600
Government* -1,600
Manufacturing -700
Natural Resources and Mining -100
Other Services -100

 

Highlights among NYS sectors with job gains since February 2011:

  • Professional and business services added the most jobs (+55,200) of any sector between February 2011 and February 2012. Sector job gains over this period were focused in professional, scientific and technical services (+35,000).
  • Private educational and health services (+25,400) had the second largest jobs increase over the past year. Sector employment gains occurred in both educational services (+13,000) and health care and social assistance (+12,400).
  • Leisure and hospitality added 25,100 jobs over the past year. Sector gains were centered in accommodation and food services (+28,800).

Highlights among NYS sectors with job losses since February 2011:

  • Over the past year, information lost more jobs (-5,900) than any other sector. Losses in this sector were concentrated in motion picture and sound recording (-1,700).
  • The construction sector lost 4,600 jobs over the past year. Most construction losses were due to cutbacks at specialty trade contractors (-4,000).

 

5) Regular Unemployment Insurance (UI), Emergency Unemployment Compensation (EUC) and Extended Benefits (EB) programs:

For New York, during the week that included February 12, 2012, there were 483,642 people (including 443,387 who live in the state) who received benefits under:

  • Regular Unemployment Insurance (UI),
  • Federal Emergency Unemployment Compensation (EUC), or
  • Federal Extended Benefits (EB) programs.

New Yorkers who received unemployment insurance made up 55% of the total unemployed in the state in February 2012.

Currently, Unemployment Insurance claimants in New York State may receive up to 93 weeks of benefits. In February 2012, Congress passed an extension of EUC and EB through December 2012. However, we expect New York State will no longer be eligible for EB as of this spring. At that time, the maximum number of weeks of benefits will be 73 until September 2012, when new EUC provisions take effect. See the table that follows for the maximum number of weeks available under the new federal regulations.


Maximum Number of Weeks of Unemployment Insurance Benefits
Available in New York State
Program: Current Spring 2012 September 2012 January 2013
Regular UI 26 26 26 26
EUC Total 47 47 37 0
Tier 1
20 20 14 0
Tier 2
14 14 14 0
Tier 3
13 13 9 0
EB 20 0 0 0
Total 93 73 63 26

 

People who file a new claim during the week that begins June 25, 2012 or later are likely to only receive up to 26 weeks of regular UI. We encourage people to use the Department's online Unemployment Insurance calculator to estimate how many weeks they may receive. See the calculator on the State Department of Labor's website or go here: http://www.labor.ny.gov/ui/claimantinfo/UIBenefitsCalculator.shtm

 

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 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. We survey 18,000 business establishments to get jobs data for New York State by industry. The jobs data do not include agricultural workers, the self-employed, unpaid family workers and 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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