By RYAN WICKER
In January 2016, New York State’s private sector job count increased by 14,600, or 0.2%, to 7,868,100, a new record high, according to preliminary figures released today by the New York State Department of Labor. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 773,800 private sector jobs and experienced employment growth in 53 of the past 61 months.
The statewide unemployment rate decreased from 5.0% in December 2015 to 4.9% in January 2016, matching the national unemployment rate in January 2016.
The State’s private sector job count is based on a payroll survey of 18,000 New York employers conducted by the U.S. Department of Labor’s Bureau of Labor Statistics. Monthly payroll employment estimates are preliminary and subject to revision as more data becomes available the following month. The federal government calculates New York State’s unemployment rate based partly upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.
“New York State’s upward trend in private sector jobs continued in January 2016 as we reached a new record high. Moreover, our statewide unemployment rate is now at pre-recession levels,” said Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics.
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