New York state adds 5,400 private sector jobs in January, losses felt in Southern Tier communities

Mar 6, 2014

The New York State Department of Labor says that new figures showing the addition of 5,400 non-farm jobs in January saw the state’s unemployment drop from 7.0% to 6.8%, a five-year low.

The unemployment rate for areas outside NYC was 6% in January, a drop of 1.5% from a year ago.

Credit http://apps.cio.ny.gov/apps/mediaContact/public/view.cfm?parm=F286DE59-5056-9D2A-1005259390248AA6_6E1E4CE6-5056-9D5F-6FE16B3F6A71A713

Job losses for the year January 2013 - January 2014 show up in the non-seasonally adjusted figures for Albany-Schenectady-Troy, Binghamton and Elmira.

Employment trends for the same period show job growth in Educational and Health Services, Trade, Transportation & Utilities, Leisure & Hospitality and Professional and Business Services. The sectors where the losses appeared were Government, Manufacturing and Construction.

Combined private sector AND government sector Net figures showed a 1,400 job loss in the state.

The NYS Labor Department also released it's Benchmark Analysis showing, amongst other things, statewide industry trends for 2012-2013.

Annual Benchmark Analysis