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New York State Department of Labor

NYS Economy Adds 13,200 Private Sector Jobs in December 2015,
Reaching New Record High

Statewide Unemployment Rate Remains at Eight-Year Low

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Albany, NY (January 21, 2016) -

In December 2015, New York State’s private sector job count increased by 13,200, or 0.2%, to 7,880,000, a new record high, according to preliminary figures released today by the New York State Department of Labor. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 769,700 private sector jobs and experienced employment growth in 52 of the past 60 months.

The statewide unemployment rate remained unchanged at 4.8% in December 2015, its lowest level since November 2007. In addition, New York State’s unemployment rate remained below the national unemployment rate of 5.0% in December 2015.

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 on its upward trend in December 2015. Not only did New York State’s private sector job count reach a new record high, but our statewide unemployment rate remained below the nation’s rate in December 2015,” 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, December 2014 versus December 2015.

 

U.S. and New York State: November - December 2015

1) Jobs data (seasonally adjusted):

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 November-December 2015.

Change in Total Nonfarm and Private Sector Jobs
November – December 2015
 Change in
Total Nonfarm Jobs:

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

Net
%
Net
%
United States +292,000 +0.2% +275,000 +0.2%
New York State +12,400 +0.1% +13,200 +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. In November-December 2015, the statewide unemployment rate remained unchanged at 4.8%. The number of unemployed New Yorkers increased slightly, from 465,600 in November to 470,600 in December 2015.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
 December 2015*November 2015December 2014
United States 5.0 5.0 5.6
New York State 4.8 4.8 5.8
New York City 5.0 4.8 6.5
NYS, outside NYC 4.7 4.8 5.3

 

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

1) Jobs data (not seasonally adjusted):

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 December 2014 and December 2015.


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

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +2,707,000 +1.9% +2,597,000 +2.2%
New York State +160,300 +1.7% +164,100 +2.1%
    Albany-Schenectady-Troy +3,400 +0.7% +3,500 +1.0%
    Binghamton -1,800 -1.7% -1,900 -2.3%
    Buffalo-Niagara Falls +6,100 +1.1% +7,100 +1.5%
    Dutchess-Putnam -3,300 -2.3% -2,900 -2.5%
    Elmira -100 -0.3% 0 0.0%
    Glens Falls +400 +0.7% +400 +0.9%
    Ithaca -1,000 -1.4% -1,000 -1.6%
    Kingston +200 +0.3% +400 +0.9%
    Nassau-Suffolk +19,900 +1.5% +21,600 +1.9%
    New York City +87,100 +2.1% +84,500 +2.3%
    Orange-Rockland-Westchester +11,600 +1.7% +12,500 +2.1%
    Rochester +4,600 +0.9% +5,600 +1.2%
    Syracuse +3,600 +1.1% +3,900 +1.5%
    Utica-Rome +1,300 +1.0% +1,500 +1.6%
    Watertown-Fort Drum 0 0.0% 0 0.0%
    Non-metro Counties -700 -0.1% -900 -0.2%

 

Job highlights since December 2014:

  • Over the past year, private sector jobs grew most rapidly in these metro areas in New York State:
    • New York City (+2.3%)
    • Orange-Rockland-Westchester (+2.1%)
    • Nassau-Suffolk (+1.9%)
    • Utica-Rome (+1.6%)
    • Buffalo-Niagara Falls (+1.5%)
    • Syracuse (+1.5%)
  • Between December 2014 and December 2015, three metro areas in the state -- Dutchess-Putnam (-2.5%), Binghamton (-2.3%), and Ithaca (-1.6%) -- lost private sector jobs.

Change in jobs by major industry sector: December 2014 – December 2015

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 December 2014 and December 2015.

Change in Jobs by Major Industry Sector
December 2014 – December 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* +73,400
Professional & Business Services +27,000
Construction +26,700
Leisure & Hospitality +11,300
Other Services +10,900
Financial Activities +8,300
Information +6,200
Trade, Transportation & Utilities +3,000
 
Sectors With Job Losses:
Government* -3,800
Manufacturing -2,400
Natural Resources & Mining -300

 

Highlights among NYS sectors with job gains since December 2014:

  • Private educational and health services added the most jobs (+73,400) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+53,700), especially ambulatory health care services (+32,200).
  • The second largest employment increase over the past year occurred in professional and business services (+27,000), with sector gains centered in professional, scientific and technical services (+16,500), and administrative and support services (+9,000).
  • Construction had the third largest increase in jobs (+26,700) between December 2014 and December 2015. Over the past year, sector job gains were mostly in specialty trade contractors (+23,400).

Highlights among NYS sectors with job losses since December 2014:

  • Over the past 12 months, government lost more jobs (-3,800) than any other major industry sector in New York State. Losses at the local (-3,900) and state (-1,100) levels offset a gain in federal jobs (+1,200).
  • Manufacturing had the second largest decrease in jobs (-2,400) over the past year, with losses evenly split between durable goods (-1,200) and nondurable goods (-1,200).

 

Unemployment Insurance Benefits: December 2015

1) Regular Unemployment Insurance:

For New York State, during the week that included December 5, 2015, there were 132,474 people (including 121,062 who live in the State) who received benefits under the regular Unemployment Insurance program.

New York State residents who received Unemployment Insurance benefits made up 26% of the total unemployed in the State in December 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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