State Unemployment Rate Falls To 4.6 Percent
New York’s statewide unemployment rate decreased slightly in December.
The state’s unemployment rate dropped .1 percent, going from 4.7 percent to 4.6 percent, according to preliminary figures released Thursday by the state Department of Labor.
From December 2016 to December 2017, the state’s private sector job count rose by 111,700, or 1.4 percent. In Chautauqua County, the private sector job count decreased by 300 between December 2016 and December 2017 to a total of 51,500, which is a .6 percent decrease.
Over the month, the state’s private sector job count was essentially unchanged, down by 200 in December 2017.
Since the start of Gov. Andrew M. Cuomo’s administration, the state’s economy has added more than one million private sector jobs and experienced employment growth in 69 of the past 84 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 data become 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 the state each month.
“New York state’s unemployment rate fell over the month, from 4.7 percent to 4.6 percent,” said Bohdan M. Wynnyk, state Labor Department Division of Research and Statistics director. “This was due, in part, to a decrease in the number of unemployed. Additionally, the state’s economy has added 111,700 private sector jobs over the past year.”