New York State Department of Labor May 19, 2016
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NYS Economy Adds 13,300 Private Sector Jobs in April 2016, Reaches New Record HighUnemployment Rate Remains Below National Rate |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In April 2016, New York State’s private sector job count increased by 13,300, or 0.2%, to 7,905,500, a new record high, 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 811,200 private sector jobs and experienced employment growth in 56 of the past 64 months. The statewide unemployment rate increased from 4.8% to 4.9% in April 2016. New York’s unemployment rate remains below the comparable national unemployment rate and well below the state’s April 2015 rate of 5.5%. 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. “New York State’s labor market continued to strengthen in April 2016, reaching a new record high in private sector jobs as the state’s growth outpaced national job growth for the month,” said Bohdan M. Wynnyk, Deputy Director of the 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, April 2015 versus April 2016.
U.S. and New York State: March – April 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 March-April 2016.
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, which contacts approximately 3,100 households in New York State each month. In March-April 2016, the statewide unemployment rate increased from 4.8% to 4.9%. The number of unemployed New Yorkers increased from 475,300 in March to 476,800 in April 2016.
U.S., New York State and Metro Areas: April 2015 – April 2016 1) Jobs data (not seasonally adjusted): The table that follows 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 April 2015 and April 2016.
Job highlights since April 2015:
Change in jobs by major industry sector: April 2015 – April 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 April 2015 and April 2016.
Highlights among NYS sectors with job gains since April 2015:
Highlights among NYS sectors with job losses since April 2015:
Unemployment Insurance Benefits: April 2016 1) Regular Unemployment Insurance (UI): For New York State, during the week that included April 12, 2016, there were 133,775 people (including 122,526 who live in the State) who received benefits under the regular Unemployment Insurance (UI) program. New York State residents who received Unemployment Insurance benefits made up 26% of the total unemployed in the State in April 2016. 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) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
###
|