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New York State Department of Labor

NYS Economy Added 115,100 Private Sector Jobs over the Past Year

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Albany, NY (October 20, 2016) -

From September 2015 to September 2016, New York State’s private sector job count climbed by 115,100, or 1.5 percent, according to preliminary figures released today by the New York State Department of Labor. In September 2016, the state’s private sector job count fell by 4,400. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 839,500 private sector jobs and experienced employment growth in 58 of the past 69 months.

In September 2016, the statewide unemployment rate increased from 4.8% to 5.0%, which was equal to the comparable U.S. unemployment rate of 5.0%.

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.

“Looking over the past year, the New York State economy has added more than 115,000 private sector jobs,” said Bohdan M. Wynnyk, Deputy 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, September 2015 versus September 2016.

 

U.S. and New York State: August – September 2016

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 August-September 2016.

Change in Total Nonfarm and Private Sector Jobs
August – September 2016
 Change in
Total Nonfarm Jobs:

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

Net
%
Net
%
United States +156,000 +0.1% +167,000 +0.1%
New York State -1,400 0.0% -4,400 -0.1%

 

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 September 2016, the statewide unemployment rate increased from 4.8% to 5.0%. The number of unemployed New Yorkers increased from 461,200 in August to 481,100 in September 2016.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
 September 2016*August 2016September 2015
United States 5.0 4.9 5.1
New York State 5.0 4.8 5.0
New York City 5.8 5.4 5.2
NYS, outside NYC 4.4 4.4 4.8

 

U.S., New York State and Metro Areas: September 2015 – September 2016

1) Jobs data (not seasonally adjusted):

The following table 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 September 2015 and September 2016.


Change in Total Nonfarm and Private Sector Jobs
September 2015 – September 2016
 Change in
Total Nonfarm Jobs:

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +2,423,000 +1.7% +2,261,000 +1.9%
New York State +120,000 +1.3% +115,100 +1.5%
    Albany-Schenectady-Troy -300 -0.1% 0 0.0%
    Binghamton -1,400 -1.4% -1,100 -1.3%
    Buffalo-Niagara Falls +1,700 +0.3% +1,600 +0.3%
    Dutchess-Putnam +1,900 +1.3% +1,800 +1.5%
    Elmira -800 -2.1% -600 -1.8%
    Glens Falls -700 -1.2% -600 -1.3%
    Ithaca +4,100 +5.9% +4,300 +7.0%
    Kingston +1,600 +2.6% +1,900 +4.0%
    Nassau-Suffolk +14,600 +1.1% +14,500 +1.3%
    New York City +89,100 +2.1% +83,800 +2.3%
    Orange-Rockland-Westchester +11,100 +1.6% +10,600 +1.8%
    Rochester +1,100 +0.2% +1,200 +0.3%
    Syracuse -200 -0.1% -100 0.0%
    Utica-Rome -1,100 -0.9% -900 -0.9%
    Watertown-Fort Drum +600 +1.4% +500 +1.6%
    Non-metro Counties +2,400 +0.5% +2,700 +0.7%

 

Job highlights since September 2015:

  • Nine metro areas in New York State added private sector jobs over the past year, with the most rapid growth in these areas:
    • Ithaca (+7.0%)
    • Kingston (+4.0%)
    • New York City (+2.3%)
    • Orang-Rockland-Westchester (+1.8%)
    • Watertown-Fort Drum (+1.6%)
  • Over the past year, four metro areas in the state – Elmira (-1.8%), Binghamton (-1.3%), Glens Falls (-1.3%) and Utica-Rome (-0.9%) – lost private sector jobs.

Change in jobs by major industry sector: September 2015 – September 2016

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 September 2015 and September 2016.

Change in Jobs by Major Industry Sector
September 2015 – September 2016

*Educational and health services is in the private sector.
Government includes public education and public health services.
Sectors With Job Gains:
Educational & Health Services* +57,500
Leisure & Hospitality +25,400
Construction +11,100
Other Services +8,600
Professional & Business Services +8,200
Government* +4,900
Information +3,900
Trade, Transportation & Utilities +2,900
Financial Activities +2,700
 
Sectors With Job Losses:
Manufacturing -4,900
Natural Resources & Mining -300

 

Highlights among NYS sectors with job gains since September 2015:

  • Private educational and health services added the most jobs (+57,500) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+42,600), especially ambulatory health care (+22,700).
  • The second largest employment increase over the past year occurred in leisure and hospitality (+25,400). Sector gains were centered in accommodation and food services (+21,800), especially food services and drinking places (+24,300).
  • From September 2015 to September 2016, the third largest employment increase occurred in construction, which added 11,100 jobs. Over-the-year sector job gains were mostly in specialty trade contractors (+10,600), especially building equipment contractors (+6,600).
  • Other services had the fourth largest increase in jobs (+8,600) between September 2015 and September 2016. Over the past year, most sector job gains were in religious, grant-making, civic, professional and similar organizations (+5,200).

Highlights among NYS sectors with job losses since September 2015:

  • Over the past 12 months, manufacturing lost the most jobs (-4,900) of any major industry sector in New York. Job losses were focused in durable goods (-6,200), especially fabricated metals (-5,900).

 

Unemployment Insurance Benefits: September 2016

1) Regular Unemployment Insurance (UI):

For New York State, during the week that included September 12, 2016, there were 102,619 people (including 92,942 who live in the State) who received benefits under the regular Unemployment Insurance (UI) program.

In September 2016, New York State residents who received Unemployment Insurance benefits made up 19% 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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