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NY Unemployment Rate Dips Slightly

Posted By Joseph Spector On January 17, 2013 @ 1:08 pm In Uncategorized | Comments Disabled

New York’s economy added 34,300 private-sector jobs in December, and the unemployment rate fell slightly from 8.3 percent to 8.2 percent, the state Department of Labor reported today.

[1]The state has gained 123,200 private-sector jobs compared to the same period in 2011. The labor department said [2] the private-sector job count of nearly 7.4 million is the highest on record.

New York’s unemployment rate, however, is still above the national average of 7.8 percent.

“The New York State economy closed out the year with 34,300 private sector jobs added in December and 123,200 added to the state’s economy in 2012. In addition, the state’s unemployment rate continued its downward trend in December,” said Bohdan Wynnyk, the agency’s deputy director of research, in a statement.

Professional and business services added the most jobs, up 47,900, over the past year. The construction industry suffered the biggest loss in employment, down 6,900 jobs, the state said.

The number of unemployed New Yorkers decreased from 793,600 last November to 786,800 last December, a drop of 0.9 percent.

The metro area that lost the most private-sector jobs between December 2011 and December 2012 was the Elmira area, down 2.3 percent or 900 jobs.

The areas that had the largest growth was in Glens Falls, which saw jobs increase 3.6 percent over the year, and Ithaca, which was up 3.5 percent or 1,900 jobs.


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[1] Image: http://statepolitics.lohudblogs.com/files/2013/01/Jobs-Dec.-20121.png

[2] The labor department said: http://labor.ny.gov/stats/pressreleases/pruistat.shtm