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State’s job count reaches another all-time high but unemployment rate unchanged

ALBANY - New York State’s private sector job count grew by 12,800, or 0.2 percent, in February 2014, according to preliminary figures released today by the New York State Department of Labor. This latest monthly gain raised New York State’s private sector job count to 7,543,100, an all-time high. The state’s unemployment rate remained unchanged at 6.8 percent which is a five-year low. Since the beginning of Governor Andrew M. Cuomo’s administration, the New York State economy has added 440,500 private sector jobs and experienced employment growth in 33 of the past 38 months.

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 information becomes available the following month. The federal government calculates New York’s unemployment rate partly based upon the results of a monthly telephone survey of 3,100 households in the state.

“The New York State economy continued its upward trend, adding 12,800 private sector jobs in February 2014. The state’s jobless rate held steady and remained at a five-year low,” said Bohdan Wynnyk, Deputy Director of the Division of Research and Statistics.

Seasonally adjusted data are used to provide the most valid month-to-month comparison. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month; for example, February 2013 versus February 2014.