NYS economy adds more than 22,000 private sector jobs, unemployment rate increases

ALBANY, N.Y. – The
New York State economy added 22,700 private sector jobs in August 2013.

Preliminary
figures from the New York State Department of Labor show that this is a growth
rate of 0.3%. 

However,
between July and August 2013, the unemployment rate in NY has increased from
7.5% to 7.6% and 12,300 state residents are newly unemployed.

These
increases in unemployment stemmed in part from the state's expanding labor
force. Also, the federal government determines the state's unemployment rate
partially based on a monthly telephone survey of 3,100 households in the state.

New York's
private sector job count is now 7,459,600, an all-time high.

The national
private sector job count grew by 0.1% in August 2013.

 

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