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New York State Department of Labor

NYS Economy Adds 32,100 Private Sector Jobs in May 2017, Reaches New Record High

State Records Largest Monthly Gain Since October 2015

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Albany, NY (June 15, 2017) -

In May 2017, New York State’s private sector job count increased by 32,100, or 0.4%, to 8,063,200, 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 nearly 1.1 million private sector jobs. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 969,100 private sector jobs and experienced employment growth in 65 of the past 77 months.

New York’s statewide unemployment rate rose from 4.3% to 4.4% in May 2017. This over-the-month rise in the State’s jobless rate was due in large part to a 27,700 expansion in the statewide workforce as more re-entrants and new entrants to the labor force sought employment. Since the beginning of this year, the statewide labor force is up more than 175,000.

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.

“The State’s private sector job count increased by 32,100 in May 2017, reaching a new record high. This marks the state’s largest over-the-month employment gain since October 2015,” 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, May 2016 versus May 2017.

 

United States and New York State: April – May 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 April-May 2017.

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

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

Net
%
Net
%
United States +138,000 +0.1% +147,000 +0.1%
New York State +27,700 +0.3% +32,100 +0.4%

 

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 May 2017, the statewide unemployment rate increased from 4.3% to 4.4%. The number of unemployed New Yorkers increased over the month, from 416,800 to 428,500.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
 May 2017*April 2017May 2016
United States 4.3 4.4 4.7
New York State 4.4 4.3 4.8
New York City 4.3 4.1 5.2
NYS, outside NYC 4.5 4.5 4.5

 

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


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

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +2,223,000 +1.5% +2,122,000 +1.7%
New York State +148,700 +1.6% +138,100 +1.7%
    Albany-Schenectady-Troy +4,600 +1.0% +2,600 +0.7%
    Binghamton -100 -0.1% -400 -0.5%
    Buffalo-Niagara Falls +3,600 +0.6% +2,000 +0.4%
    Dutchess-Putnam +1,400 +1.0% +1,300 +1.1%
    Elmira -800 -2.2% -900 -2.9%
    Glens Falls +2,400 +4.4% +1,600 +3.6%
    Ithaca +700 +1.1% +600 +1.1%
    Kingston +600 +1.0% +500 +1.1%
    Nassau-Suffolk +23,200 +1.7% +20,100 +1.8%
    New York City +85,000 +2.0% +83,300 +2.2%
    Orange-Rockland-Westchester +11,300 +1.6% +10,300 +1.7%
    Rochester -2,700 -0.5% -2,400 -0.5%
    Syracuse +3,200 +1.0% +2,600 +1.0%
    Utica-Rome +1,100 +0.9% +1,200 +1.3%
    Watertown-Fort Drum +200 +0.5% +300 +1.0%
    Non-metro Counties +3,500 +0.7% +3,900 +1.0%

 

Job highlights since May 2016:

  • Twelve metro areas in New York State added private sector jobs over the past year, with the most rapid employment growth in these areas:
    • Glens Falls (+3.6%)
    • New York City (+2.2%)
    • Nassau-Suffolk (+1.8%)
    • Orange-Rockland-Westchester (+1.7%)
    • Utica-Rome (+1.3%)
  • Over the past year, three metro areas in the state – Elmira (-2.9%), Binghamton (-0.5%) and Rochester (-0.5%) – lost private sector jobs.

Change in jobs by major industry sector: May 2016 – May 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 May 2016 and May 2017.

Change in Jobs by Major Industry Sector
May 2016 – May 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* +52,600
Professional & Business Services +44,000
Leisure & Hospitality +23,200
Information +11,200
Government* +10,600
Other Services +8,700
Construction +6,700
Trade, Transportation & Utilities +5,700
Financial Activities +1,600
Natural Resources & Mining +100
 
Sectors With Job Losses:
Manufacturing -15,700

 

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

  • Private educational and health services added the most jobs (+52,600) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+57,700), especially ambulatory health care (+26,300).
  • From May 2016 to May 2017, the second largest employment increase occurred in professional and business services (+44,000). Sector gains were centered in professional, scientific and technical services (+24,100) and administrative and support services (+18,300).
  • The third largest increase in jobs over the past year occurred in leisure and hospitality, which grew by 23,200. Most over-the-year sector job gains were in accommodation and food services (+14,500), especially food services and drinking places (+11,800).
  • Information had the fourth largest increase in jobs (+11,200) between May 2016 and May 2017. Over-the-year sector gains were concentrated in telecommunications (+8,300).

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

  • Over the past 12 months, manufacturing lost the most jobs (-15,700) of any major industry sector in New York State. Over-the-year sector losses were concentrated in durable goods (-14,200), especially computers and electronic products (-3,300) and fabricated metals (-2,100).

 

Unemployment Insurance Benefits: May 2017

1) Regular Unemployment Insurance:

For New York State, during the week that included May 12, 2017, there were 110,694 people (including 100,309 who live in the State) who received benefits under the regular Unemployment Insurance program.

In May 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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