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Jobs report: NY unemployment rate drops to Dec. 2008 levels

March 6, 2014
Updated 1:34 p.m.
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— New York’s unemployment rate dropped from 7 percent in December to 6.8 percent in January, the state’s lowest level since December 2008.

The state Department of Labor reported Thursday that private sector jobs in New York increased by 5,400 in January, bringing the total private sector job count to an all-time high of about 7.5 million.

“The state’s economy added 5,400 private sector jobs, reaching another all-time high in January,” said Bohdan Wynnyk, deputy director of the labor department’s division of research and statistics. “This, coupled with federal benchmarking revisions, has shown the economy to be even stronger than we thought.”

New York added 119,600 private sector jobs and 114,000 nonfarm jobs compared to January of last year. But in Albany, Schenectady and Troy, non-farm and private sector jobs decreased by 1,700.

Industries in the state that experienced job losses include construction, manufacturing and government. Educational and health services added 37,500 jobs since January of last year.

Since Gov. Andrew Cuomo took office in 2011, the state has added 426,600 private sector jobs, according to the Department of Labor. The job count is based on a payroll survey of 18,000 state employers.

Nationwide, private sector jobs increased by 142,000 in January and the unemployment rate decreased from 6.7 percent in December to 6.6 percent in January.

 
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