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Presented by EJ Siwek - Executive Director of the North Country Workforce Investment Board

NYS Economy Adds 14,100 Private Sector Jobs in March 2013

State Reaches All-time Jobs High

Albany, NY (April 18, 2013)
The New York State economy added 14,100 private sector jobs in March 2013, according to preliminary figures released today by the State Department of Labor. This job growth resulted in New York reaching an all-time high private sector job count of 7,426,100. 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.

Further, New York State's unemployment rate fell from 8.4% to 8.2% between February 2013 and March 2013. The rate in New York City also decreased over the month from 9.1% to 8.9% while the rate in the balance of state region (New York State outside of New York City) fell from 7.9% to 7.7%. 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 conducted by the U.S. Bureau of Labor Statistics.

Monthly employment estimates are provided by the U.S. Department of Labor, and are preliminary and subject to revision as more information becomes available the following month. After revision, the state's estimated total nonfarm job count for February 2013 was revised upwards by 1,000. As a result, the January-February change in nonfarm jobs showed a gain of 100 rather than a loss of 900. In addition, the state's private sector job count for February was revised upwards by 1,200.

"In March, the New York State economy improved as our seasonally adjusted private sector job count grew by 14,100, or 0.2%, to 7,426,100, an all-time high. In addition, New York State's unemployment rate declined over the month from 8.4% to 8.2%," said Bohdan M. Wynnyk, Deputy Director of the Division of Research and Statistics. "This trend of job growth is underscored by the revised numbers for February 2013, which show more strength than originally reported."

Notes: The data above are seasonally adjusted. Seasonally adjusted data 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, March 2012 versus March 2013.
Unemployment Rates-Not Seasonally adjusted (%)*
  March
2013		 February
2013		 March
2012
United States 7.6 8.1 8.4
New York State 8.1 8.8 8.7
North Country 10.9 11.6 11.3
U-6 13.9 14.9 14.8

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

Job highlights since March 2012:

  • Since March 2012, the number of private sector jobs in the state increased by 97,100, or 1.3%. Over the same time frame, the nation's private sector job count increased by 1.9%.

  • In the 10-county Downstate region, private sector jobs grew by 1.7% over the past year.

  • In the 52-county Upstate region, the private sector job count grew by 0.5% over the past year.

Over the past year, private sector jobs grew most rapidly in these metro areas in the state:

  • Kingston (+2.9%)
  • Nassau-Suffolk (+2.1%)
  • Glens Falls (+1.9%)
  • New York City (+1.8%)
  • Ithaca (+1.7%)

The only metro areas in the state to lose private sector jobs between March 2012 and March 2013 were:

  • Elmira (-1.5%)
  • Binghamton (-0.2%)
  • Utica-Rome (-0.1%)
Number of Non-Farm Jobs in the North Country*
  March
2013		 February
2013		 March
2012
Clinton 33,500 33,600 33,500
Essex 14,100 14,400 14,000
Franklin 19,200 19,200 19,200
Hamilton 1,700 1,800 1,800
Total 68,500 69,000 68,500

*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 2012 - March 2013

The table below compares the over-the-year change in jobs by major industry sector in New York State occurring between March 2012 and March 2013.

Sectors with Job Gains:
Educational & Health Services* +35,800
Professional & Business Services +32,600
Leisure & Hospitality +25,000
Trade, Transportation, & Utilities +15,200
Construction +7,300
Other Services +2,900
Information +100
Sectors with Job Losses:
Government* -17,200
Manufacturing -13,500
Financial Activities -7,900
Natural Resources & Mining -400

*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 2012:

  • Private educational and health services added the most jobs (+35,800) of any industry sector over the past year. Sector employment gains were centered in health care and social assistance (+28,500), especially ambulatory health care services (+15,200).

  • Professional and business services had the second largest increase in jobs (+32,600) between March 2012 and March 2013. Sector job gains over this period were concentrated in administrative and support services (+20,400), and professional, scientific and technical services (+12,600).

Highlights among NYS sectors with job losses since March 2012:

  • Over the past year, government lost more jobs (-17,200) than any other sector in the state. Government sector job losses were concentrated at the local level (-12,900).

  • Employment losses in the manufacturing sector (-13,500) were greatest in durable goods (-8,200), especially computer and electronic products (-2,800).