NYS Economy Continues to Grow, Adding 6,400 Private Sector Jobs

Statewide Unemployment Rate Remains at 4.0%
Number of Unemployed NYers Has Dropped Nearly 35,000 Since 2018

The number of private sector jobs in New York State grew by 6,400, or 0.1%, to 8,285,300 in June 2019, 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 1,187,200 private sector jobs.

In June 2019, New York State’s seasonally adjusted unemployment rate was 4.0% for the second consecutive month. In addition, the number of unemployed New York State residents dipped slightly over the month, from 382,500 to 379,200. In the first half of this year, the jobless rate in New York State is down 0.4 percentage points and the number of unemployed New Yorkers has dropped by almost 35,000 compared to the same period in 2018.

“In June 2019, the New York State economy added 6,400 private sector jobs. In addition, the statewide unemployment rate held steady at 4.0% in June,” said Bohdan M. Wynnyk, 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, June 2018 versus June 2019.

United States and New York State: May – June 2019

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 May-June 2019.

Change in Total Nonfarm and Private Sector Jobs
May – June 2019
Change in
Total Nonfarm Jobs:
(private sector + government)
Change in
Private Sector Jobs:
Net % Net %
United States +224,000 +0.1% +191,000 +0.1%
New York State +12,800 +0.1% +6,400 +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 from the Current Population Survey (CPS). The CPS contacts approximately 3,100 households in New York State each month.

In June 2019, the statewide unemployment rate was unchanged, remaining at 4.0%. The unemployment rates remained unchanged in New York City at 4.3% and outside of New York City at 3.7% in June 2019.

Unemployment Rates (%)*
*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.

 

June 2019* May 2019 June 2018
United States 3.7 3.6 4.0
New York State 4.0 4.0 4.1
New York City 4.3 4.3 4.1
NYS, outside NYC 3.7 3.7 4.1

 

United States, New York State and Metro Areas: June 2018 – June 2019

1) Jobs data (not seasonally adjusted):

The following table compares the changes in total nonfarm and private sector jobs occurring in the United States, New York State and metro areas within the State, between June 2018 and June 2019.

 

Change in Total Nonfarm and Private Sector Jobs by Area
June 2018 – June 2019
Change in
Total Nonfarm Jobs:
(private sector + government)
Change in
Private Sector Jobs:
Note: The aggregate sub-state area jobs estimate will usually differ from the New York State total. This is because the State total is calculated separately from the sub-state areas and is estimated based on an independent sample.
Net % Net %
United States +2,245,000 +1.5% +2,108,000 +1.7%
New York State +111,300 +1.1% +102,200 +1.2%
    Albany-Schenectady-Troy +1,100 +0.2% +1,400 +0.4%
    Binghamton 0 0.0% 0 0.0%
    Buffalo-Niagara Falls +5,800 +1.0% +5,400 +1.1%
    Dutchess-Putnam +2,100 +1.4% +2,300 +1.9%
    Elmira 0 0.0% 0 0.0%
    Glens Falls -200 -0.3% -400 -0.8%
    Ithaca +1,400 +2.2% +1,400 +2.6%
    Kingston +1,600 +2.5% +1,500 +3.0%
    Nassau-Suffolk +5,300 +0.4% +5,500 +0.5%
    New York City +102,400 +2.2% +94,400 +2.4%
    Orange-Rockland-Westchester -2,100 -0.3% -1,200 -0.2%
    Rochester +2,600 +0.5% +1,000 +0.2%
    Syracuse +7,100 +2.2% +6,900 +2.6%
    Utica-Rome -600 -0.5% -200 -0.2%
    Watertown-Fort Drum 0 0.0% 0 0.0%
    Non-metro counties +2,600 +0.5% +2,700 +0.7%

 

Job highlights since June 2018:

Nine metro areas in New York State added private sector jobs since June 2018. The most rapid growth was in these metro areas:

  • Kingston (+3.0%)
  • Ithaca (+2.6%)
  • Syracuse (+2.6%)
  • New York City (+2.4%)
  • Dutchess-Putnam (+1.9%)
  • Buffalo-Niagara Falls (+1.1%)

Non-metro counties in New York added 2,700 private sector jobs over the past year.

Over the past 12 months, three metro areas in New York State lost private sector jobs: Glens Falls (-0.8%), Orange-Rockland-Westchester (-0.2%) and Utica-Rome (-0.2%).

Change in jobs by major industry sector: June 2018 – June 2019

1) Jobs data (not seasonally adjusted):

The table below compares the change in jobs by major industry sector in New York State occurring between June 2018 and June 2019.

 

 Change in Jobs by Major Industry Sector
June 2018 – June 2019
*Educational and health services is in the private sector.
Government includes public education and public health services.
Sectors With Job Gains:
Educational & Health Services* +71,600
Leisure & Hospitality +10,400
Trade, Transportation & Utilities +10,400
Government* +9,100
Professional & Business Services +7,900
Construction +7,000
Information +900
Natural Resources & Mining +100
Sectors With Job Losses:
Financial Activities -4,600
Manufacturing -800
Other Services -700

Highlights among New York State sectors with job gains since June 2018:

Private educational and health services added the most jobs (+71,600) of any major industry sector over the past year. Sector job gains were mostly in health care and social assistance (+61,600), especially ambulatory health care (+40,300).