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Report: NY’s Unemployment Down 0.4% in November, But 33,500 Jobs Lost

Posted By Jessica Bakeman On December 20, 2012 @ 5:42 pm In Other | Comments Disabled

The Department of Labor reported Thursday that the state’s unemployment rate dropped from 8.7 percent to 8.3 percent between October and November. However, the state had a decrease of 33,500 jobs during that time, Gannett’s Haley Viccaro reports.

The 0.4 percent decline is the steepest drop since 1976, the Department of Labor said. New York City’s unemployment rate also fell from 9.2 percent to 8.8 percent in November.

“In 2012, New York’s economy grew by 83,500 private sector jobs,” said Bohdan Wynnyk, Deputy Director of the Division of Research and Statistics, in a statement. “These year-to-date figures are particularly strong given the negative impact of Hurricane Sandy to our state’s economy.”

This recent survey for the state’s unemployment rate occurred within a week of Superstorm Sandy, so the full impact of the storm is not reflected.

The report shows that private-sector jobs in the state decreased by 29,100 from October to November. Since November 2011, however, jobs increased by 90,200, and private-sector jobs increased by 88,000.

The number of unemployed individuals in the state decreased from 829,800 in October to 794,200 in November.

The unemployment rate in the United States is 7.7 percent as of November, a 1 percent decrease from November of last year.


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