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NYS economy added more than 108,000 private sector jobs in past year

ALBANY - New York State’s private sector job count held steady at 7,539,300 in March 2014, an all-time high for the month, according to preliminary figures released today by the New York State Department of Labor. Over the 12-month period ending March 2014, the state’s private sector job count has climbed by 108,200, or 1.5 percent.

The state’s unemployment rate ticked up by 0.1% to 6.9% in March 2014, due in part to the state’s growing labor force, which expanded by 22,900 between February and March 2014, as more state residents had confidence about finding a job.

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 state’s economy held steady in March 2014. Looking over the past year, the state has added more than 100,000 private sector jobs,” said Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics.  “In addition, the state’s jobless rate has declined by 1.0 percentage point over the past 12 months, which is a steeper rate drop than in the nation as a whole over the same time frame.”

Change in Total Nonfarm and Private Sector Jobs, March 2013 – March 2014

 

Change in
Total Nonfarm Jobs:

(private sector + government)

Change in
Private Sector Jobs:

 

Net

%

Net

%

United States

+2,218,000

+1.6%

+2,242,000

+2.0%

New York State

+103,600

+1.2%

+108,200

+1.5%

Downstate NY (10-co. area)

+85,800

+1.5%

+93,300

+1.9%

  New York City

+73,600

+1.9%

+76,400

+2.3%

  Suburban Counties

+12,200

+0.7%

+16,900

+1.1%

    Nassau-Suffolk

+10,600

+0.8%

+14,100

+1.3%

    Putnam-Rockland-Westchester

+1,600

+0.3%

+2,800

+0.6%

Upstate NY (52-co. area)

+6,000

+0.2%

+12,100

+0.5%

  Metro Areas

+7,000

+0.3%

+11,500

+0.6%

    Albany-Schenectady-Troy

+100

0.0%

+1,500

+0.4%

    Binghamton

-400

-0.4%

-100

-0.1%

    Buffalo-Niagara Falls

+3,200

+0.6%

+3,100

+0.7%

    Elmira

-800

-2.1%

-600

-1.9%

    Glens Falls

0

0.0%

+300

+0.7%

    Ithaca

-1,000

-1.4%

-1,000

-1.6%

    Kingston

+1,100

+1.9%

+1,600

+3.7%

    Poughkeepsie-Newburgh-Middletown

+3,800

+1.5%

+4,600

+2.3%

    Rochester

+2,200

+0.4%

+2,900

+0.7%

    Syracuse

-1,500

-0.5%

-1,200

-0.5%

    Utica-Rome

+300

+0.2%

+400

+0.4%

Non-metro Counties

-1,000

-0.2%

+600

+0.1%