Thursday, August 20, 2015

NYC | Leads NYS the State in July

New York State's private jobs grew in July to 7,831,700, a new record high, says the NYS Department of Labor today.

NYS unemployment rate fell to 5.4 percent from from 5.5 percent. The July rate is the lowest rate in  NYS since July 2008. 

New York City’s unemployment rate dropped to 5.6 percent from 6.1 percent, its lowest rate since August 2008.

The unemployment rate is estimated based on a monthly survey of 3,100 households in the state.

New York State kept pace with the United States in July. Both private-sector and total (including government) jobs grew at 0.2 percent compared with the month before.

                  Jobs, Nonfarm, June-July 2015, US and NYS
Change, Nonfarm Jobs:
(private sector + government)
Private Sector Jobs:

United States                    +215,000    
New York State                      +19,000

The number of unemployed in New York State decreased in July 2015 to 519,300 from 537,400 in June. The gap between New York State and New York City has greatly narrowed. New York State's unemployment rate fell 0.7 of a percentage point from a year earlier and New York City's fell 1.3 percentage points.

Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
July 2015*June 2015July 2014
United States5.3 5.36.2
New York State5.45.56.1
New York City5.76.17.0
NYS, outside NYC5.15.15.5

Compared with July 2014, the growth in jobs in New York State outpaced national growth. New York City led the state.

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

(private sector + government)
Change in
Private Sector Jobs:
United States+2,953,000+2.1%+2,868,000+2.4%
New York State+189,700+2.1%+189,000+2.5%
    Buffalo-Niagara Falls+12,600+2.3%+12,800+2.7%
    Glens Falls+900+1.5%+900+1.8%
    New York City+111,200+2.7%+107,800+3.0%
    Watertown-Fort Drum-200-0.5%-400-1.2%
    Non-metro Counties-2000.0%-800-0.2%