New York State’s Private Sector Job Growth Matches U.S. in July
ALBANY, NY (08/16/2007; 1351)(readMedia)-- New York State’s private sector job count increased over the month by 5,500, or 0.1 percent, to 7,212,500 (seasonally adjusted) in July 2007, the State Labor Department reported today. Since the beginning of New York’s current economic expansion in August 2003, the state has added 308,700 private sector jobs. New York State’s unemployment rate, after seasonal adjustment, increasedfrom 4.7 percent in June 2007 to 4.9 percent in July 2007.
New York City’s seasonally adjusted unemployment rate also increased, going from 5.3 percent in June 2007 to 5.7 percent in July 2007. The rate in the balance of the state outside New York City increased from 4.2 percent in June 2007 to 4.3 percent in July 2007.
“In July 2007, New York State’s seasonally adjusted private sector job count grew by 0.1 percent over the month. This rate of growth matched the comparable U.S. growth rate,” said Nancy Dunphy, Deputy Commissioner for Employment Security.
Note: When comparing different months, seasonally adjusted data provide the most valid comparison, for example, June 2007 versus July 2007. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month, for example, July 2006 versus July 2007.
1) Unemployment rates (seasonally adjusted):
New York State’s unemployment rate, after seasonal adjustment, was 4.9 percent in July 2007, up from 4.7 percent in June 2007. In July 2006, the state’s rate was 4.6 percent. The nation’s rate was 4.6 percent in July 2007, up from 4.5 percent in June. In July 2006, the nation’s rate was 4.8 percent. In New York City, the unemployment rate was 5.7 percent in July 2007, up from 5.3 percent in June. In July 2006, the city’s rate was 5.0 percent. The rate for the balance of the state outside New York City was 4.3 percent in July 2007, up from 4.2 percent in June.
Unemployment Rates (seasonally adjusted)
July 2007
June 2007
July 2006
New York State
4.9
4.7
4.6
United States
4.6
4.5
4.8
New York City
5.7
5.3
5.0
NYS, excluding NYC
4.3
4.2
4.3
2) Job data (seasonally adjusted):
New York State and the nation, June 2007 - July 2007:
The number of private sector jobs in New York State increased by 5,500, or 0.1 percent, to 7,212,500 in July 2007, on a seasonally adjusted basis. Nationally, the number of private sector jobs increased by 0.1 percent over the same period. After seasonal adjustment, the number of nonfarm jobs in the state increased over the month by 11,800, or 0.1 percent, to 8,707,100 in July 2007. Nationally, the number of seasonally adjusted nonfarm jobs increased over the month by 0.1 percent.
3) Nonfarm jobs since July 2006 (not seasonally adjusted):
Total nonfarm jobs
+95,600
Private sector jobs
+87,500
Since July 2006, the number of nonfarm jobs in New York State increased by 95,600, or 1.1 percent, and the number of private sector jobs increased by 87,500, or 1.2 percent. Nationally, the number of nonfarm jobs increased by 1.3 percent and the number of private sector jobs increased by 1.4 percent between July 2006 and July 2007.
Educational and health services added the largest number of jobs (+29,500) over the July 2006-July 2007 period, with most of the increase in health care and social assistance (+19,500). Employment also increased in professional and business services; construction; leisure and hospitality; financial activities; trade, transportation and utilities; government; other services; and natural resources and mining.
Manufacturing (-14,200) registered the largest over-the-year drop among declining industries. Manufacturing job losses were mostly in non-durable goods. The over-the-year decline in non-durable goods employment (-13,100) was centered in chemical manufacturing (-4,800) and apparel manufacturing (-3,800). Employment losses in durable goods (-1,100) were centered in machinery manufacturing (-2,300). Information employment also declined over the year.
Industries With Job Gains:
Educational & Health Services
+29,500
Professional & Business Services
+24,500
Construction
+15,500
Leisure & Hospitality
+12,800
Financial Activities
+11,300
Trade, Transportation & Utilities
+9,300
Government
+8,100
Other Services
+2,700
Natural Resources & Mining
+600
Industries With Job Losses:
Manufacturing
-14,200
Information
-4,500
4) Nonfarm jobs since June 2007 (not seasonally adjusted):
Total nonfarm jobs
-78,500
Private sector jobs
-31,800
In July 2007, New York State had 8,708,700 total nonfarm jobs, including 7,248,800 private sector jobs. From June 2007 to July 2007, the number of nonfarm jobs decreased by 78,500 and the number of private sector jobs decreased by 31,800. Typically, both the total nonfarm and the private sector job counts decrease between June and July. On average, in the previous ten years, the number of nonfarm jobs in New York decreased by 78,200 from June to July, and the number of private sector jobs decreased by 40,600.
The not seasonally adjusted job count increased over the month in leisure and hospitality (+13,800), financial activities (+5,800), construction (+5,400), and natural resources and mining (+200). The job count decreased over the month in government (-46,700), educational and health services (-26,300), trade, transportation and utilities (-19,500), manufacturing (-5,800), information (-2,100), professional and business services (-1,700), and other services (-1,600).
5) New York State nonfarm job highlights since June 2007 (not seasonally adjusted):
Leisure and hospitality
Employment increased seasonally in most component industries, with gains largest in arts, entertainment and recreation.
Financial activities
Sector employment increased over the month, with gains concentrated in finance and insurance, particularly securities and commodity contracts.
Construction
Construction sector employment increased seasonally as all component industries added workers, most notably specialty trade contractors.
Natural resources and mining
Natural resources and mining sector employment increased seasonally in July.
Other services
Employment decreased over the month with losses focused in religious, grantmaking, civic and similar organizations.
Professional and business services
Over-the-month losses in administrative and support services more than overshadowed gains in professional, scientific and technical services.
Information Sector employment losses were centered in motion picture and sound recording.
Manufacturing
Manufacturing employment decreased over the month. Most losses were in durable goods, particularly transportation equipment manufacturing and fabricated metal product manufacturing.Trade, transportation and utilities
Sector employment losses were centered in transportation and warehousing, especially transit and ground passenger transportation, reflecting seasonal layoffs by many private providers of school bus transportation.
Educational and health services
Employment levels decreased in both educational services, reflecting the end of the school year for many private elementary and secondary schools and colleges and universities, and in health care and social assistance.
Government
Government employment declined in July due to seasonal staff reductions by public elementary and secondary schools.
6) Metropolitan Areas:
Job Growth and Unemployment Rates (not seasonally adjusted):
Albany-Schenectady-Troy: Since July 2006, the number of nonfarm jobs has increased by 4,200, or 0.9 percent, and the number of private sector jobs has increased by 2,700, or 0.8 percent. The area’s unemployment rate was 4.0 percent in July 2007, compared with 3.9 in June and 4.1 in July 2006.
Binghamton: Since July 2006, the number of nonfarm jobs increased by 300, or 0.3 percent, and the number of private sector jobs increased by 300, or 0.3 percent. The area’s unemployment rate was 4.6 percent in July 2007, compared with 4.4 in June and 4.8 in July 2006.
Buffalo-Niagara Falls: Since July 2006, the number of nonfarm jobs has increased by 6,700, or 1.2 percent, and the number of private sector jobs has increased by 4,800, or 1.1 percent. The area’s unemployment rate was 4.9 percent in July 2007, compared with 4.6 in June and 5.2 in July 2006.
Elmira: Since July 2006, the number of nonfarm jobs has increased by 200, or 0.5 percent, and the number of private sector jobs has increased by 100, or 0.3 percent. The area’s unemployment rate was 4.9 percent in July 2007, compared with 4.8 in June and 5.1 in July 2006.
Glens Falls: Since July 2006, the number of nonfarm jobs increased by 100, or 0.2 percent, and the number of private sector jobs decreased by 100, or 0.2 percent. The area’s unemployment rate was 3.8 percent in July 2007, compared with 3.7 in June and 3.8 in July 2006.
Ithaca: Since July 2006, the number of nonfarm jobs has increased by 200, or 0.3 percent, and the number of private sector jobs has increased by 100, or 0.2 percent. The area’s unemployment rate was 3.8 percent in July 2007, compared with 3.7 in June and 4.0 in July 2006.
Kingston: Since July 2006, the number of nonfarm jobs has increased by 1,400, or 2.2 percent, and the number of private sector jobs has increased by 1,300, or 2.6 percent. The area’s unemployment rate was 4.4 percent in July 2007, compared with 4.1 in June and 4.5 in July 2006.
Nassau-Suffolk: Since July 2006, the number of nonfarm jobs has increased by 8,000, or 0.6 percent, and the number of private sector jobs has increased by 7,300, or 0.7 percent. The area’s unemployment rate was 4.1 percent in July 2007, compared with 3.7 in June and 4.2 in July 2006.
New York City (five boroughs): Since July 2006, the number of nonfarm jobs has increased by 52,500, or 1.4 percent, and the number of private sector jobs has increased by 51,800, or 1.7 percent. The area’s unemployment rate was 6.1 percent in July 2007, compared with 5.2 in June and 5.6 in July 2006.
Poughkeepsie-Newburgh-Middletown: Since July 2006, the number of nonfarm jobs has increased by 2,700, or 1.1 percent, and the number of private sector jobs has increased by 2,100, or 1.0 percent. The area’s unemployment rate was 4.3 percent in July 2007, compared with 4.0 in June and 4.3 in July 2006.
Putnam-Rockland-Westchester: Since July 2006, the number of nonfarm jobs has increased by 6,400, or 1.1 percent, and the number of private sector jobs has increased by 5,300, or 1.1 percent. The area’s unemployment rate was 3.9 percent in July 2007, compared with 3.6 in June and 4.0 in July 2006.
Rochester: Since July 2006, the number of nonfarm jobs has increased by 3,300, or 0.6 percent, and the number of private sector jobs has increased by 2,400, or 0.6 percent. The area’s unemployment rate was 4.6 percent in July 2007, compared with 4.3 in June and 4.6 in July 2006.
Syracuse: Since July 2006, the number of nonfarm jobs has increased by 1,700, or 0.5 percent, and the number of private sector jobs has increased by 1,600, or 0.6 percent. The area’s unemployment rate was 4.4 percent in July 2007, compared with 4.3 in June and 4.7 in July 2006.
Utica-Rome: Since July 2006, the number of nonfarm jobs has increased by 600, or 0.4 percent, and the number of private sector jobs has decreased by 600, or 0.6 percent. The area’s unemployment rate was 4.2 percent in July 2007, compared with 4.1 in June and 4.3 in July 2006.
Note: The unemployment rate for New York and every other state is based on statistical regression models specified by the U. S. Bureau of Labor Statistics. Job data for New York are obtained from a survey of 18,000 business establishments. Job data exclude agricultural workers, the self-employed, unpaid family workers and domestic workers in private households.
New York City’s seasonally adjusted unemployment rate also increased, going from 5.3 percent in June 2007 to 5.7 percent in July 2007. The rate in the balance of the state outside New York City increased from 4.2 percent in June 2007 to 4.3 percent in July 2007.
“In July 2007, New York State’s seasonally adjusted private sector job count grew by 0.1 percent over the month. This rate of growth matched the comparable U.S. growth rate,” said Nancy Dunphy, Deputy Commissioner for Employment Security.
Note: When comparing different months, seasonally adjusted data provide the most valid comparison, for example, June 2007 versus July 2007. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month, for example, July 2006 versus July 2007.
1) Unemployment rates (seasonally adjusted):
New York State’s unemployment rate, after seasonal adjustment, was 4.9 percent in July 2007, up from 4.7 percent in June 2007. In July 2006, the state’s rate was 4.6 percent. The nation’s rate was 4.6 percent in July 2007, up from 4.5 percent in June. In July 2006, the nation’s rate was 4.8 percent. In New York City, the unemployment rate was 5.7 percent in July 2007, up from 5.3 percent in June. In July 2006, the city’s rate was 5.0 percent. The rate for the balance of the state outside New York City was 4.3 percent in July 2007, up from 4.2 percent in June.
Unemployment Rates (seasonally adjusted)
July 2007
June 2007
July 2006
New York State
4.9
4.7
4.6
United States
4.6
4.5
4.8
New York City
5.7
5.3
5.0
NYS, excluding NYC
4.3
4.2
4.3
2) Job data (seasonally adjusted):
New York State and the nation, June 2007 - July 2007:
The number of private sector jobs in New York State increased by 5,500, or 0.1 percent, to 7,212,500 in July 2007, on a seasonally adjusted basis. Nationally, the number of private sector jobs increased by 0.1 percent over the same period. After seasonal adjustment, the number of nonfarm jobs in the state increased over the month by 11,800, or 0.1 percent, to 8,707,100 in July 2007. Nationally, the number of seasonally adjusted nonfarm jobs increased over the month by 0.1 percent.
3) Nonfarm jobs since July 2006 (not seasonally adjusted):
Total nonfarm jobs
+95,600
Private sector jobs
+87,500
Since July 2006, the number of nonfarm jobs in New York State increased by 95,600, or 1.1 percent, and the number of private sector jobs increased by 87,500, or 1.2 percent. Nationally, the number of nonfarm jobs increased by 1.3 percent and the number of private sector jobs increased by 1.4 percent between July 2006 and July 2007.
Educational and health services added the largest number of jobs (+29,500) over the July 2006-July 2007 period, with most of the increase in health care and social assistance (+19,500). Employment also increased in professional and business services; construction; leisure and hospitality; financial activities; trade, transportation and utilities; government; other services; and natural resources and mining.
Manufacturing (-14,200) registered the largest over-the-year drop among declining industries. Manufacturing job losses were mostly in non-durable goods. The over-the-year decline in non-durable goods employment (-13,100) was centered in chemical manufacturing (-4,800) and apparel manufacturing (-3,800). Employment losses in durable goods (-1,100) were centered in machinery manufacturing (-2,300). Information employment also declined over the year.
Industries With Job Gains:
Educational & Health Services
+29,500
Professional & Business Services
+24,500
Construction
+15,500
Leisure & Hospitality
+12,800
Financial Activities
+11,300
Trade, Transportation & Utilities
+9,300
Government
+8,100
Other Services
+2,700
Natural Resources & Mining
+600
Industries With Job Losses:
Manufacturing
-14,200
Information
-4,500
4) Nonfarm jobs since June 2007 (not seasonally adjusted):
Total nonfarm jobs
-78,500
Private sector jobs
-31,800
In July 2007, New York State had 8,708,700 total nonfarm jobs, including 7,248,800 private sector jobs. From June 2007 to July 2007, the number of nonfarm jobs decreased by 78,500 and the number of private sector jobs decreased by 31,800. Typically, both the total nonfarm and the private sector job counts decrease between June and July. On average, in the previous ten years, the number of nonfarm jobs in New York decreased by 78,200 from June to July, and the number of private sector jobs decreased by 40,600.
The not seasonally adjusted job count increased over the month in leisure and hospitality (+13,800), financial activities (+5,800), construction (+5,400), and natural resources and mining (+200). The job count decreased over the month in government (-46,700), educational and health services (-26,300), trade, transportation and utilities (-19,500), manufacturing (-5,800), information (-2,100), professional and business services (-1,700), and other services (-1,600).
5) New York State nonfarm job highlights since June 2007 (not seasonally adjusted):
Leisure and hospitality
Employment increased seasonally in most component industries, with gains largest in arts, entertainment and recreation.
Financial activities
Sector employment increased over the month, with gains concentrated in finance and insurance, particularly securities and commodity contracts.
Construction
Construction sector employment increased seasonally as all component industries added workers, most notably specialty trade contractors.
Natural resources and mining
Natural resources and mining sector employment increased seasonally in July.
Other services
Employment decreased over the month with losses focused in religious, grantmaking, civic and similar organizations.
Professional and business services
Over-the-month losses in administrative and support services more than overshadowed gains in professional, scientific and technical services.
Information Sector employment losses were centered in motion picture and sound recording.
Manufacturing
Manufacturing employment decreased over the month. Most losses were in durable goods, particularly transportation equipment manufacturing and fabricated metal product manufacturing.Trade, transportation and utilities
Sector employment losses were centered in transportation and warehousing, especially transit and ground passenger transportation, reflecting seasonal layoffs by many private providers of school bus transportation.
Educational and health services
Employment levels decreased in both educational services, reflecting the end of the school year for many private elementary and secondary schools and colleges and universities, and in health care and social assistance.
Government
Government employment declined in July due to seasonal staff reductions by public elementary and secondary schools.
6) Metropolitan Areas:
Job Growth and Unemployment Rates (not seasonally adjusted):
Albany-Schenectady-Troy: Since July 2006, the number of nonfarm jobs has increased by 4,200, or 0.9 percent, and the number of private sector jobs has increased by 2,700, or 0.8 percent. The area’s unemployment rate was 4.0 percent in July 2007, compared with 3.9 in June and 4.1 in July 2006.
Binghamton: Since July 2006, the number of nonfarm jobs increased by 300, or 0.3 percent, and the number of private sector jobs increased by 300, or 0.3 percent. The area’s unemployment rate was 4.6 percent in July 2007, compared with 4.4 in June and 4.8 in July 2006.
Buffalo-Niagara Falls: Since July 2006, the number of nonfarm jobs has increased by 6,700, or 1.2 percent, and the number of private sector jobs has increased by 4,800, or 1.1 percent. The area’s unemployment rate was 4.9 percent in July 2007, compared with 4.6 in June and 5.2 in July 2006.
Elmira: Since July 2006, the number of nonfarm jobs has increased by 200, or 0.5 percent, and the number of private sector jobs has increased by 100, or 0.3 percent. The area’s unemployment rate was 4.9 percent in July 2007, compared with 4.8 in June and 5.1 in July 2006.
Glens Falls: Since July 2006, the number of nonfarm jobs increased by 100, or 0.2 percent, and the number of private sector jobs decreased by 100, or 0.2 percent. The area’s unemployment rate was 3.8 percent in July 2007, compared with 3.7 in June and 3.8 in July 2006.
Ithaca: Since July 2006, the number of nonfarm jobs has increased by 200, or 0.3 percent, and the number of private sector jobs has increased by 100, or 0.2 percent. The area’s unemployment rate was 3.8 percent in July 2007, compared with 3.7 in June and 4.0 in July 2006.
Kingston: Since July 2006, the number of nonfarm jobs has increased by 1,400, or 2.2 percent, and the number of private sector jobs has increased by 1,300, or 2.6 percent. The area’s unemployment rate was 4.4 percent in July 2007, compared with 4.1 in June and 4.5 in July 2006.
Nassau-Suffolk: Since July 2006, the number of nonfarm jobs has increased by 8,000, or 0.6 percent, and the number of private sector jobs has increased by 7,300, or 0.7 percent. The area’s unemployment rate was 4.1 percent in July 2007, compared with 3.7 in June and 4.2 in July 2006.
New York City (five boroughs): Since July 2006, the number of nonfarm jobs has increased by 52,500, or 1.4 percent, and the number of private sector jobs has increased by 51,800, or 1.7 percent. The area’s unemployment rate was 6.1 percent in July 2007, compared with 5.2 in June and 5.6 in July 2006.
Poughkeepsie-Newburgh-Middletown: Since July 2006, the number of nonfarm jobs has increased by 2,700, or 1.1 percent, and the number of private sector jobs has increased by 2,100, or 1.0 percent. The area’s unemployment rate was 4.3 percent in July 2007, compared with 4.0 in June and 4.3 in July 2006.
Putnam-Rockland-Westchester: Since July 2006, the number of nonfarm jobs has increased by 6,400, or 1.1 percent, and the number of private sector jobs has increased by 5,300, or 1.1 percent. The area’s unemployment rate was 3.9 percent in July 2007, compared with 3.6 in June and 4.0 in July 2006.
Rochester: Since July 2006, the number of nonfarm jobs has increased by 3,300, or 0.6 percent, and the number of private sector jobs has increased by 2,400, or 0.6 percent. The area’s unemployment rate was 4.6 percent in July 2007, compared with 4.3 in June and 4.6 in July 2006.
Syracuse: Since July 2006, the number of nonfarm jobs has increased by 1,700, or 0.5 percent, and the number of private sector jobs has increased by 1,600, or 0.6 percent. The area’s unemployment rate was 4.4 percent in July 2007, compared with 4.3 in June and 4.7 in July 2006.
Utica-Rome: Since July 2006, the number of nonfarm jobs has increased by 600, or 0.4 percent, and the number of private sector jobs has decreased by 600, or 0.6 percent. The area’s unemployment rate was 4.2 percent in July 2007, compared with 4.1 in June and 4.3 in July 2006.
Note: The unemployment rate for New York and every other state is based on statistical regression models specified by the U. S. Bureau of Labor Statistics. Job data for New York are obtained from a survey of 18,000 business establishments. Job data exclude agricultural workers, the self-employed, unpaid family workers and domestic workers in private households.
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