New York’s unemployment rate decreased from 7.7 percent to 7.4 percent between October and November, reaching the lowest level since January 2009, the state Labor Department said today.
The state added 4,300 private-sector jobs over the last month, up to nearly 7.5 million jobs—the highest in state history.
But New York’s unemployment rate is still higher than the national rate, which was 7 percent in November. And some regions of the state are faring better than others.
“In November 2013, the state’s economy continued to expand, reaching another all-time high number of private sector jobs – 7,493,500. In addition, the state’s unemployment rate fell to its lowest level since early 2009,” said Bohdan Wynnyk, deputy director of the Labor Department’s division of research and statistics.
Poughkeepsie-Newburgh-Middletown (-1.5%) and Binghamton (-0.2%) were the only metro areas in the state to lose private-sector jobs between November 2012 and November 2013, the Labor Department said.
When all private sector and government jobs are included, the Elmira area also had a decline over the past year, down 200 jobs, or 0.5 percent.
Since November 2012, the number of private-sector jobs in New York increased by 141,700, or 1.9 percent.
The increase has been fueled by growth downstate. In the 10-county New York City area, private-sector jobs grew by 3 percent over the past year—with the highest increase in New York City at 3.4 percent and Long Island at 3 percent.
Jobs increased by 2,800, up 0.5 percent, in Putnam, Rockland and Westchester counties.
Upstate, the private-sector job count grew by 0.7 percent, mainly its metropolitan areas.
The Ithaca area had an increase of 800 jobs over the past year, up 1 percent. Jobs were up 3,000 in the Rochester, an increase of 0.6 percent. The increase in jobs in the Buffalo area was 7,200, up 1.3 percent.
Private educational and health services added the most jobs, up 61,200, over the past year. Government jobs declined the most, a loss of 13,100 jobs, led by 8,100 job cuts on the local level.