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New York Employment Numbers for July 2016

Post: Aug. 23, 2016

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New York State’s private sector job count increased by 36,200, or 0.5% in July 2016, according to preliminary figures released by the New York State Department of Labor. According to the department, this represents the state’s largest monthly private sector job gain since September 2013. The statewide unemployment rate was unchanged from June’s level of 4.7%, and remained below the comparable U.S. rate of 4.9% in July 2016, this is its lowest level since August 2007. The good news did not extend to New York’s manufacturers however, as the Labor Department also reported that over the past 12 months manufacturing lost the most jobs (-4,200) of any major industry sector in New York. Job losses were focused in durable goods (-5,400), especially fabricated metals (-6,00). Read the full press release.