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New York State Department of Labor

NYS Economy Adds 4,800 Private Sector Jobs in November 2016

Statewide Unemployment Rate Drops to 5.1% in November

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Albany, NY (December 15, 2016) -

In November 2016, New York State’s private sector job count increased by 4,800, or 0.1%, to 7,950,000, 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 855,700 private sector jobs and experienced employment growth in 60 of the past 71 months. In November 2016, New York’s statewide unemployment rate decreased from 5.2% to 5.1%.

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 labor market improved in November 2016. The statewide economy added 4,800 private sector jobs, while New York’s unemployment rate decreased from 5.2% to 5.1% in November,” 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, November 2015 versus November 2016.

 

U.S. and New York State: October – November 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 October-November 2016.

Change in Total Nonfarm and Private Sector Jobs
October – November 2016
 Change in
Total Nonfarm Jobs:

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

Net
%
Net
%
United States +178,000 +0.1% +156,000 +0.1%
New York State +4,400 0.0% +4,800 +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 (CPS). The CPS contacts approximately 3,100 households in New York State each month. In November 2016, the statewide unemployment rate decreased from 5.2% to 5.1%. The number of unemployed New Yorkers decreased from 495,000 in October to 491,000 in November 2016.


Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.
 November 2016*October 2016November 2015
United States 4.6 4.9 5.0
New York State 5.1 5.2 4.9
New York City 5.7 5.9 5.2
NYS, outside NYC 4.6 4.6 4.8

 

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


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

(private sector + government)
Change in
Private Sector Jobs:
 
Net
%
Net
%
United States +2,277,000 +1.6% +2,046,000 +1.7%
New York State +104,500 +1.1% +100,900 +1.3%
    Albany-Schenectady-Troy +500 +0.1% +800 +0.2%
    Binghamton -1,200 -1.1% -1,100 -1.3%
    Buffalo-Niagara Falls +3,700 +0.7% +3,700 +0.8%
    Dutchess-Putnam +1,400 +1.0% +1,500 +1.2%
    Elmira 0 0.0% +100 +0.3%
    Glens Falls +600 +1.1% +600 +1.4%
    Ithaca +2,300 +3.2% +2,500 +4.0%
    Kingston +900 +1.5% +1,100 +2.3%
    Nassau-Suffolk +14,000 +1.1% +14,300 +1.3%
    New York City +66,700 +1.5% +61,700 +1.6%
    Orange-Rockland-Westchester +2,200 +0.3% +1,900 +0.3%
    Rochester +2,800 +0.5% +2,900 +0.6%
    Syracuse -800 -0.2% -500 -0.2%
    Utica-Rome -1,300 -1.0% -900 -0.9%
    Watertown-Fort Drum +200 +0.5% +100 +0.3%
    Non-metro Counties +2,100 +0.4% +2,700 +0.7%

 

Job highlights since November 2015:

  • Twelve metro areas in New York State added private sector jobs over the past year, with the most rapid growth in these areas:
    • Ithaca (+4.0%)
    • Kingston (+2.3%)
    • New York City (+1.6%)
    • Glens Falls (+1.4%)
    • Nassau-Suffolk (+1.3%)
  • Over the past year, three metro areas in the state – Binghamton (-1.3%), Utica-Rome (-0.9%) and Syracuse (-0.2%) – lost private sector jobs.

Change in jobs by major industry sector: November 2015 – November 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 November 2015 and November 2016.

Change in Jobs by Major Industry Sector
November 2015 – November 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* +61,800
Trade, Transportation & Utilities +15,200
Leisure & Hospitality +14,800
Professional & Business Services +12,900
Other Services +11,400
Government* +3,600
Information +2,100
 
Sectors With Job Losses:
Manufacturing -8,700
Construction -6,200
Financial Activities -2,200
Natural Resources & Mining -200

 

Highlights among NYS sectors with job gains since November 2015:

  • Private educational and health services added the most jobs (+61,800) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+42,000), especially ambulatory health care (+23,600).
  • The second largest employment increase over the past year occurred in trade, transportation and utilities (+15,200). Sector gains were centered in wholesale trade (+9,200) and transportation, warehousing and utilities (+5,900).
  • From November 2015 to November 2016, the third largest employment increase occurred in leisure and hospitality, which grew by 14,800. Over-the-year sector job gains were mostly in accommodation and food services (+9,600), especially food services and drinking places (+12,100).
  • Professional and business services had the fourth largest increase in jobs (+12,900) between November 2015 and November 2016. Over the past year, sector gains were centered in professional, scientific and technical services (+9,100), especially management, scientific, and technical consulting services (+4,700).

Highlights among NYS sectors with job losses since November 2015:

  • Over the past 12 months, manufacturing lost the most jobs (-8,700) of any major industry sector in New York. Job losses were focused in durable goods (-7,700), especially fabricated metals (-4,800).
  • From November 2015 to November 2016, the second largest employment decrease occurred in construction, which lost 6,200 jobs. Over-the-year sector job losses were concentrated in heavy and civil engineering construction (-5,200) and construction of buildings (-3,700).

 

Unemployment Insurance Benefits: November 2016

1) Regular Unemployment Insurance (UI):

For New York State, during the week that included November 5, 2016, there were 104,873 people (including 95,095 who live in the State) who received benefits under the regular Unemployment Insurance (UI) program.

In November 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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