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New York State Department of Labor

NYS Economy Adds 23,900 Private Sector Jobs in June 2017,
Reaches New Record High

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Albany, NY (July 20, 2017) -

In June 2017, New York State’s private sector job count increased by 23,900, or 0.3%, to 8,079,200, a new record high, according to preliminary figures released today by the New York State Department of Labor. Since the end of the State’s recession in late 2009, New York has added more than 1.1 million private sector jobs. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 985,100 private sector jobs and experienced employment growth in 66 of the past 78 months. In June, New York’s statewide unemployment rate increased from 4.4% to 4.5%.

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 State’s unemployment rate based partly upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.

“New York’s labor market continued to expand in June 2017. The State’s private sector job count increased by 23,900, reaching a new record high,” said Bohdan M. Wynnyk, Director of the New York State Department of Labor’s 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, June 2016 versus June 2017.

 

United States and New York State: May – June 2017

1) Jobs data (seasonally adjusted):

The table below compares the over-the-month change in the total nonfarm and private sector job counts in the United States and New York State in May-June 2017.

Change in Total Nonfarm and Private Sector Jobs
May – June 2017
  Change in
Total Nonfarm Jobs:

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

Net
%
Net
%
United States +222,000 +0.2% +187,000 +0.2%
New York State +26,000 +0.3% +23,900 +0.3%

 

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 (CPS). The CPS contacts approximately 3,100 households in New York State each month. In June 2017, the statewide unemployment rate increased from 4.4% to 4.5%. The number of unemployed New Yorkers increased over the month, from 428,300 to 440,000.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
  June 2017* May 2017 June 2016
United States 4.4 4.3 4.9
New York State 4.5 4.4 4.9
New York City 4.4 4.3 5.3
NYS, outside NYC 4.6 4.5 4.5

 

U.S., New York State and Metro Areas: June 2016 – June 2017

1) Jobs data (not seasonally adjusted):

The following table compares the over-the-year changes in the total nonfarm and private sector job counts occurring in the United States, New York State and metro areas within the State between June 2016 and June 2017.


Change in Total Nonfarm and Private Sector Jobs
June 2016 – June 2017
  Change in
Total Nonfarm Jobs:

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +2,206,000 +1.5% +2,076,000 +1.7%
New York State +164,800 +1.7% +155,800 +1.9%
    Albany-Schenectady-Troy +4,200 +0.9% +2,300 +0.6%
    Binghamton +600 +0.6% +300 +0.4%
    Buffalo-Niagara Falls +2,900 +0.5% +1,800 +0.4%
    Dutchess-Putnam +2,000 +1.4% +1,900 +1.6%
    Elmira -200 -0.5% -300 -1.0%
    Glens Falls +1,500 +2.6% +900 +1.9%
    Ithaca +700 +1.1% +600 +1.1%
    Kingston +800 +1.3% +700 +1.4%
    Nassau-Suffolk +21,500 +1.6% +19,100 +1.7%
    New York City +101,100 +2.3% +99,800 +2.6%
    Orange-Rockland-Westchester +11,800 +1.6% +10,800 +1.8%
    Rochester +1,600 +0.3% +1,700 +0.4%
    Syracuse +2,200 +0.7% +1,500 +0.6%
    Utica-Rome +1,900 +1.5% +2,200 +2.3%
    Watertown-Fort Drum +700 +1.6% +700 +2.2%
    Non-metro Counties +3,100 +0.6% +3,300 +0.9%

 

Job highlights since June 2016:

  • Fourteen metro areas in New York State added private sector jobs over the past year, with the most rapid employment growth in these areas:
    • New York City (+2.6%)
    • Utica-Rome (+2.3%)
    • Watertown-Fort Drum(+2.2%)
    • Glens Falls (+1.9%)
    • Orange-Rockland-Westchester (+1.8%)
    • Nassau-Suffolk (+1.7%)
    • Dutchess-Putnam (+1.6%)
  • Over the past year, only one metro area in the state – Elmira (-1.0%) – lost private sector jobs.

Change in jobs by major industry sector: June 2016 – June 2017

1) Jobs data (not seasonally adjusted):

The table below compares the over-the-year change in jobs by major industry sector in New York State occurring between June 2016 and June 2017.

Change in Jobs by Major Industry Sector
June 2016 – June 2017

*Educational and health services is in the private sector.
Government includes public education and public health services.
Sectors With Job Gains:
Educational & Health Services* +67,000
Professional & Business Services +50,900
Leisure & Hospitality +37,300
Other Services +10,300
Government* +9,000
Construction +7,400
Financial Activities +1,500
Natural Resources & Mining +100
 
Sectors With Job Losses:
Manufacturing -16,300
Information -2,100
Trade, Transportation & Utilities -300

 

Highlights among New York State sectors with job gains since June 2016:

  • Private educational and health services added the most jobs (+67,000) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+64,600), especially ambulatory health care (+30,200).
  • From June 2016 to June 2017, the second largest employment increase occurred in professional and business services (+50,900). Sector gains were centered in professional, scientific and technical services (+31,200) and administrative and support services (+17,000).
  • The third largest increase in jobs over the past year occurred in leisure and hospitality, which grew by 37,300. Most over-the-year sector job gains were in accommodation and food services (+24,800), especially food services and drinking places (+19,500).
  • Other services had the fourth largest increase in jobs (+10,300) between June 2016 and June 2017. Over-the-year sector gains were concentrated in religious, grant-making and civic organizations (+6,400) and repair and maintenance services (+2,300).

Highlights among New York State sectors with job losses since June 2016:

  • Over the past 12 months, manufacturing lost the most jobs (-16,300) of any major industry sector in New York State. Over-the-year sector losses were concentrated in durable goods (-15,300), especially computers and electronic products (-3,000) and fabricated metals (-2,300).
  • From June 2016 to June 2017, the second largest employment decrease occurred in information, which lost 2,100 jobs. Sector job losses were focused in telecommunications (-3,200).

 

Unemployment Insurance Benefits: June 2017

1) Regular Unemployment Insurance:

For New York State, during the week that included June 12, 2017, there were 110,793 people (including 100,624 who live in the State) who received benefits under the regular Unemployment Insurance program.

In June 2017, New York State residents who received Unemployment Insurance benefits made up 23% of the total unemployed.

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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