Submitted by John Tepper-Marlin
New York State Department of Labor
Contact Us: 518-457-5519
October 19, 2017
|NYS Economy Added 84,400 Private Sector Jobs over the Past Year|
From September 2016 to September 2017, New York State’s private sector job count rose by 84,400, or 1.1%, according to preliminary figures released today by the New York State Department of Labor. In September 2017, the state’s private sector job count fell by 36,500. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 967,500 private sector jobs and experienced employment growth in 68 of the past 81 months. In September 2017, New York’s statewide unemployment rate increased from 4.8% to 4.9%.
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 become 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.
“Despite today’s preliminary job report, when looking over the past year, New York State’s economy has added more than 84,000 private sector jobs and experienced historically low statewide unemployment rates,” 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, September 2016 versus September 2017.
United States and New York State: August – September 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 August-September 2017.
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 September 2017, the statewide unemployment rate increased from 4.8% to 4.9%. In addition, the number of unemployed New Yorkers increased over the month, from 466,100 to 472,700.
U.S., New York State and Metro Areas: September 2016 – September 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 September 2016 and September 2017.
Job highlights since September 2016:
Change in jobs by major industry sector: September 2016 – September 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 September 2016 and September 2017.
Highlights among New York State sectors with job gains since September 2016:
Highlights among New York State sectors with job losses since September 2016:
Unemployment Insurance Benefits: September 2017
1) Regular Unemployment Insurance:
For New York State, during the week that included September 12, 2017, there were 99,716 people (including 90,363 who live in the State) who received benefits under the regular Unemployment Insurance program.
In September 2017, 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.