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Labor Market Information

Presented by, Paul Grasso - Executive Director of the North Country Workforce Investment Board

According to the New York State Department of Labor (NYSDOL) the state economy added 21,500 private sector jobs in March 2012. Since the beginning of the state's economic recovery in November 2009, New York has added 332,900 private sector jobs and regained all of the private sector jobs it lost during the recession. More interesting, is that the state's private sector job count - 7,317,400 - stands at an all-time high.

Year over year, from March 2011 to March 2012, New York State has added 155,000 private sector jobs.

"New York State's private sector job count hit an all-time high of more than 7.3 million in March 2012. What we have recouped now surpasses the total private sector jobs lost during the state's recession in 2008-2009," said Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics.

Unemployment Rates (%)*
  March
2012
February
2012
March
2011
United States 8.4 8.7 9.2
New York State 8.7 9.1 8.2
North Country 11.1 11.0 10.5
U-6 14.5 14.9 15.7
Clinton 10.5 10.7 10.6
Essex 11.0 11.5 10.7
Franklin 10.4 10.7 9.6
Hamilton 12.3 11.2 11.1

*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.

Unemployment rate highlights in March 2012:

The counties in New York State with the lowest unemployment rates include:
• Tompkins County (5.9%)
• Putnam County (6.4%)
• Rockland County (6.6%)
• Nassau County (6.7%)

The counties in New York State with the highest unemployment rates include:
• Bronx County (13.6%)
• Hamilton County (12.3%)
• Lewis County (11.5%)
• Oswego County (11.3%)


Number of Non-Farm Jobs in the North Country
  March
2012*
February
2012
March
2011
Clinton 33,700 34,200 33,500
Essex 14,200 14,400 14,000
Franklin 19,000 19,200 19,200
Hamilton 1,700 1,800 1,700
Total 68,600 69,600 68,400

*Data are preliminary and subject to change, based on standard procedures outlined by the U.S. Bureau of Labor Statistics.

Change in jobs by major industry sector,
March 2011 - March 2012

The table below compares the over-the-year change in jobs by major industry sector in New York State between March 2011 and March 2012.

Change in Jobs by Major Industry Sector,
March 2011 - March 2012
Sectors with Job Gains:
Professional & Business Services +58,200
Educational & Health Services* +40,500
Leisure & Hospitality +25,400
Trade, Transportation, & Utilities +21,100
Financial Activities +14,000
Sectors with Job Losses:
Construction -6,100
Information -3,400
Government* -1,200
Manufacturing -300
Other Services -100

*The educational and health services category is in the private sector. Government includes public education and health services.

Highlights among NYS sectors with job gains since March 2011:

Professional and business services added the most jobs (+58,200) of any sector between March 2011 and March 2012. Sector job gains over this period were focused in professional, scientific and technical services (+34,600), especially accounting, tax preparation and payroll services (+10,000) and management, scientific and technical consulting (+8,000).

Private educational and health services (+40,500) had the second largest jobs increase over the past year. Sector employment gains occurred in both educational services (+22,000), and health care and social assistance (+18,500).

Leisure and hospitality added 25,400 jobs over the past year. Sector gains were centered in accommodation and food services (+26,800).

Highlights among NYS sectors with job losses since March 2011:

Over the past year, construction lost more jobs (-6,100) than any other sector in the state. Most employment losses in the construction sector were due to cutbacks at specialty trade contractors (-3,200).

The information sector lost 3,400 jobs over the past year. Employment losses in this sector were concentrated in publishing (-1,100).