Public sector losses slow region's job growth
ALBANY The Capital Region may have had the largest job gains last month compared to the rest of upstate New York, but its public sector losses continue to rein in its net job growth.
The Albany-Schenectady-Troy metropolitan area gained 2,600 private-sector jobs in March, but when taking the public sector into account, its net gain fell to 1,900 jobs, according to preliminary state figures released today. This marks a 0.4 percent increase in jobs since February.
Upstate New York reported an increase of 5,400 jobs last month. When including New York City and its surrounding suburban counties, the state gained an overall 79,900 jobs. And when looking only at private sector jobs, the state added 14,100 jobs last month — marking the state’s highest private sector job count ever of nearly 7.43 million.
Unemployment fell from 8.4 percent to 8.2 percent in New York from February to March, according to a U.S. Labor Bureau survey of 3,100 households. Outside of New York City, the state’s rate fell from 7.9 percent to 7.7 percent.
After revision, February’s job count showed the state had gained 100 jobs rather than lost 900. In addition, the state’s private sector job count for February was revised upwards by 1,200.
“This trend of job growth is underscored by the revised numbers for February 2013, which show more strength than originally reported,” said Deputy Director of the Division of Research and Statistics Bohdan Wynnyk.