The two-week strike by unionized employees of Verizon offset all of the hiring that occurred last month in New York City and pushed the city’s unemployment rate up slightly, according to figures released Thursday by the State Department of Labor.

The city’s official unemployment rate rose to 8.7 percent in August from 8.6 percent in July, as the total number of jobs declined, the department reported. Even discounting the strike, the city’s job market remained weak at the end of the summer as fears of another recession spoiled some employers’ appetites for new workers.

Without the strike by 8,700 Verizon workers, the city’s private-sector employment would have fallen by 4,500 jobs, after adjustments for the usual seasonal trends in hiring and firing, said Barbara Byrne Denham, an economist with Eastern Consolidated, a real estate services firm in Manhattan. Countering those losses — in jobs, if not in incomes — was a gain of about 4,900 government jobs in the month, she said.

Source: NY Times Continue Reading This Article Here

The city’s unemployment rate dipped slightly from 10.5 percent in December to 10.4 percent in January, according to the New York State Department of Labor.

The state’s unemployment rate also dropped slightly during this time period.

Unemployment is also down across the country, from 10 percent in December to 9.7 in January.

Source: NY1

New York State’s seasonally adjusted unemployment rate climbed over the month from 8.6 percent in November to 9.0 percent in December 2009, matching a 26-year high, the State Labor Department reported today. The number of unemployed state residents increased from 832,200 to 868,600 over the same period.

In December 2009, New York State’s seasonally adjusted private sector job count dropped by 3,100 (less than 0.1 percent) to 7,050,700. Since the state went into recession in August 2008, it has lost 263,500 private sector jobs, or about two-thirds of the employment added during the state’s 2003-2008 economic expansion. The statewide total nonfarm job count (private plus public sectors) also decreased over the month — by 5,900, or 0.1 percent, to 8,544,900 in December 2009.

“In December 2009, New York State’s unemployment rate remained well below the nation’s rate, while employers in the state cut jobs over the past year at a more modest pace than those in the U.S. Experience suggests that the unemployment rate may continue to increase in the early stages of an economic recovery as some firms are slow to hire new workers and job seekers re-enter the labor force,” said Peter A. Neenan, Ph.D., Director of the Division of Research and Statistics.

Note: When comparing different months, seasonally adjusted data provide the most valid comparison; for example, November 2009 versus December 2009. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month; for example, December 2008 versus December 2009.

1) Unemployment rates (seasonally adjusted):

New York State’s seasonally adjusted unemployment rate climbed from 8.6 percent in November to 9.0 percent in December 2009. In December 2008, the state’s rate was 6.6 percent. The U.S. rate held steady at 10.0 percent in December 2009. In December 2008, the nation’s rate was 7.4 percent. New York City’s rate increased from 10.0 percent in November to 10.6 percent in December 2009. In December 2008, the city’s rate was 7.0 percent. The rate outside of New York City increased from 7.6 percent in November to 7.8 percent in December 2009. In December 2008, the rate outside of New York City was 6.2 percent.

Unemployment Rates* (seasonally adjusted)
December 2009* November 2009 December 2008
New York State 9.0 8.6 6.6
United States 10.0 10.0 7.4
New York City 10.6 10.0 7.0
NYS, excluding NYC 7.8 7.6 6.2

*Data are preliminary and subject to change.

2) Regular Unemployment Insurance, Emergency Unemployment Compensation (EUC08) and Extended Benefits (EB) data (not seasonally adjusted):

Under the regular Unemployment Insurance (regular UI) program, individuals who are involuntarily unemployed through no fault of their own may be eligible for up to 26 weeks of benefits as long as they remain ready, willing and able to work, and are actively seeking employment. Under the temporary federal Emergency Unemployment Compensation (EUC08) program, enacted on June 30, 2008 as part of the Economic Stimulus Act of 2008, claimants who have exhausted their 26 weeks of regular benefits are eligible to receive up to 13 weeks of additional benefits. Federal legislation signed into law on December 21, 2008 added up to 20 more weeks to the original 13 weeks of EUC08 benefits.

State legislation signed on May 20, 2009 provides additional weeks of Extended Benefits (EB) for individuals who have exhausted their EUC08 benefits. Currently, up to 20 weeks of EB are available because the State’s three-month average seasonally adjusted unemployment rate exceeds 8.0 percent (the thresholds for 13 weeks and 20 weeks of EB are three-month average seasonally adjusted unemployment rates of 6.5 percent and 8.0 percent, respectively). Reference week beneficiaries data for these programs are noted below. (Note: The reference week refers to the week containing the 12th day of the month.)

Federal legislation signed on December 19, 2009 extends the deadline for which an individual may initially establish eligibility for EUC benefits from December 31, 2009 to February 28, 2010. The December 31, 2009 deadline for individuals collecting EB was also extended to February 28, 2010. Finally, the deadline for individuals moving from one EUC tier to the next was extended to February 28, 2010. A total of 53 weeks of EUC are now available to individuals who exhaust their third tier of EUC benefits by February 28, 2010 and can enter the last tier, for a grand total of 99 weeks of regular UI/EB/EUC benefits.
Program and Data Item* December 2009 November 2009 December 2008
Regular UI, reference week beneficiaries 269,947 254,420 229,773
Regular UI, year-to-date beneficiaries 1,051,525 1,008,609 715,514
EUC08, reference week beneficiaries 307,362 281,135 115,538
EUC08, year-to-date beneficiaries 544,795 509,887 177,063
EB, reference week beneficiaries 38,219 47,315 NA
EB, year-to-date beneficiaries 120,919 120,820 NA

*Data are preliminary and subject to revision.

Note: EUC08 Tier 1 began 7/13/2008; Tier 2 began 2/22/2009; Tier 3 began 11/15/2009. Extended Benefits began 5/24/2009.

3) Job data (seasonally adjusted):

New York State and the nation, November 2009-December 2009:

The number of private sector jobs in New York State decreased by 3,100, or less than 0.1 percent, to 7,050,700 in December 2009, on a seasonally adjusted basis. Nationally, the number of private sector jobs decreased by 0.1 percent over the same period. After seasonal adjustment, the number of nonfarm jobs (private plus public sectors) in the state decreased over the month by 5,900, or 0.1 percent, to 8,544,900 in December 2009. Nationally, the number of seasonally adjusted nonfarm jobs also decreased by 0.1 percent in December.

4) Nonfarm jobs since December 2008 (not seasonally adjusted):
Total nonfarm jobs
-169,800
Private sector jobs -153,100

Since December 2008, the number of nonfarm jobs (private plus public sectors) in New York State decreased by 169,800, or 1.9 percent, and the number of private sector jobs decreased by 153,100, or 2.1 percent. Nationally, the number of nonfarm jobs decreased by 3.0 percent and the number of private sector jobs decreased by 3.6 percent between December 2008 and December 2009.

Educational and health services (+44,800) was the only major industry sector to add jobs over the December 2008-December 2009 period. Within this sector, increases were registered in both health care and social assistance (+27,800) and educational services (+17,000).

Professional and business services (-40,300) registered the largest over-the-year drop among declining sectors. Losses in this sector were concentrated in professional, scientific and technical services (-21,100), and in administrative and support services (-20,100). Manufacturing lost 38,700 jobs between December 2008 and December 2009 with most of the loss in durable goods (-29,900), especially fabricated metal product manufacturing (-6,100). Trade, transportation and utilities lost 34,600 jobs over the year with its losses concentrated in the economically-sensitive wholesale and retail trade industry group (-26,200). Job losses in financial services (-30,700) were centered in the securities industry (-18,400). Construction lost 25,400 jobs, with specialty trade contractors experiencing the largest decline within the sector (-16,700). Jobs also decreased over the year in government, information, leisure and hospitality, other services, and natural resources and mining.

Change in Jobs by Sector, December 2008 – December 2009
Sector With Job Gain:
Educational & Health Services +44,800
Sectors With Job Losses:
Professional & Business Services -40,300
Manufacturing -38,700
Trade, Transportation & Utilities -34,600
Financial Activities -30,700
Construction -25,400
Government -16,700
Information -13,800
Leisure & Hospitality -9,800
Other Services -4,200
Natural Resources & Mining -400

5) Nonfarm jobs since November 2009 (not seasonally adjusted):
Total nonfarm jobs -5,200
Private sector jobs -4,100

In December 2009, New York State had 8,648,300 total nonfarm jobs, including 7,131,200 private sector jobs. From November 2009 to December 2009, the number of nonfarm jobs decreased by 5,200 and the number of private sector jobs decreased by 4,100. On average, in the previous ten years, the number of nonfarm jobs in New York increased by 25,800 from November to December, and the number of private sector jobs increased by 23,500.

The not seasonally adjusted job count increased over the month in trade, transportation and utilities (+17,300), information (+700), and other services (+400). The job count decreased over the month in construction (-11,300), professional and business services (-6,200), leisure and hospitality (-1,900), manufacturing (-1,800), government (-1,100), educational and health services (-700), and natural resources and mining (-600). Financial activities employment was unchanged in December.

6) New York State nonfarm job highlights since November 2009 (not seasonally adjusted):

Trade, transportation and utilities

This month’s increase reflected employment gains in retail trade, particularly at clothing and clothing accessories stores.

Information

Sector employment gains in December were centered in motion picture and sound recording.

Other services

This sector’s December job gains were centered in business, professional, labor, political and similar organizations.

Financial activities

Employment in financial activities was unchanged over the month, as a small seasonal gain in real estate and rental and leasing was just offset by a small loss in finance and insurance.

Natural resources and mining

Natural resources and mining employment declined seasonally in December.

Educational and health services

Sector employment decreased over the month as gains in health care and social assistance were overshadowed by seasonal losses in educational services, particularly at colleges, universities, and professional schools.

Government

Overall government employment decreased in December with small losses registered at the federal, state, and local levels.

Manufacturing

The over-the-month decline in manufacturing employment was centered in non-durable goods, especially apparel manufacturing.

Leisure and hospitality

This month’s decrease in leisure and hospitality jobs reflected losses in accommodation and food services.

Professional and business services

Over-the-month job decreases in this sector were largest in administrative and support services, especially employment services.

Construction

Construction sector employment decreased seasonally in December, particularly in heavy and civil engineering construction.

7) Metropolitan Areas:

Job Growth and Unemployment Rates (not seasonally adjusted):

Note: All data reported in this section are not seasonally adjusted; the most valid comparisons with this type of data are year-to-year comparisons of the same month, for example, December 2008 versus December 2009.

Albany-Schenectady-Troy: Since December 2008, the number of nonfarm jobs has decreased by 9,300, or 2.1 percent, and the number of private sector jobs has decreased by 5,500, or 1.6 percent. The area’s unemployment rate was 7.0 percent in December 2009, compared with 6.7 in November and 5.9 in December 2008.

Binghamton: Since December 2008, the number of nonfarm jobs has decreased by 2,900, or 2.5 percent, and the number of private sector jobs has decreased by 3,300, or 3.7 percent. The area’s unemployment rate was 8.7 percent in December 2009, compared with 8.2 in November and 7.1 in December 2008.

Buffalo-Niagara Falls: Since December 2008, the number of nonfarm jobs has decreased by 11,300, or 2.0 percent, and the number of private sector jobs has decreased by 9,300, or 2.0 percent. The area’s unemployment rate was 8.5 percent in December 2009, compared with 8.0 in November and 7.1 in December 2008.

Glens Falls: Since December 2008, the number of nonfarm jobs has decreased by 1,300, or 2.5 percent, and the number of private sector jobs has decreased by 500, or 1.2 percent. The area’s unemployment rate was 8.8 percent in December 2009, compared with 8.0 in November and 7.7 in December 2008.

Ithaca: Since December 2008, the number of nonfarm jobs has decreased by 100, or 0.2 percent, and the number of private sector jobs has decreased by 400, or 0.7 percent. The area’s unemployment rate was 5.3 percent in December 2009, compared with 5.2 in November and 4.6 in December 2008.

Kingston: Since December 2008, the number of nonfarm jobs has decreased by 400, or 0.6 percent, and the number of private sector jobs has decreased by 700, or 1.5 percent. The area’s unemployment rate was 7.8 percent in December 2009, compared with 7.5 in November and 6.5 in December 2008.

Nassau-Suffolk: Since December 2008, the number of nonfarm jobs has decreased by 24,600, or 1.9 percent, and the number of private sector jobs has decreased by 21,800, or 2.1 percent. The area’s unemployment rate was 7.0 percent in December 2009, compared with 6.8 in November and 5.8 in December 2008.

New York City (five boroughs): Since December 2008, the number of nonfarm jobs has decreased by 75,000, or 2.0 percent, and the number of private sector jobs has decreased by 67,500, or 2.1 percent. The area’s unemployment rate was 10.4 percent in December 2009, compared with 9.9 in November and 7.2 in December 2008.

Poughkeepsie-Newburgh-Middletown: Since December 2008, the number of nonfarm jobs has decreased by 5,500, or 2.1 percent, and the number of private sector jobs has decreased by 5,500, or 2.7 percent. The area’s unemployment rate was 7.7 percent in December 2009, compared with 7.5 in November and 6.2 in December 2008.

Putnam-Rockland-Westchester: Since December 2008, the number of nonfarm jobs has decreased by 12,500, or 2.1 percent, and the number of private sector jobs has decreased by 11,000, or 2.3 percent. The area’s unemployment rate was 6.8 percent in December 2009, compared with 6.7 in November and 5.6 in December 2008.

Rochester: Since December 2008, the number of nonfarm jobs has decreased by 7,600, or 1.5 percent, and the number of private sector jobs has decreased by 8,200, or 1.9 percent. The area’s unemployment rate was 8.0 percent in December 2009, compared with 7.6 in November and 6.7 in December 2008.

Syracuse: Since December 2008, the number of nonfarm jobs has decreased by 4,600, or 1.4 percent, and the number of private sector jobs has decreased by 4,500, or 1.7 percent. The area’s unemployment rate was 8.2 percent in December 2009, compared with 7.8 in November and 6.9 in December 2008.

Utica-Rome: Since December 2008, the number of nonfarm jobs has decreased by 2,100, or 1.6 percent, and the number of private sector jobs has decreased by 2,100, or 2.1 percent. The area’s unemployment rate was 7.8 percent in December 2009, compared with 7.3 in November and 6.9 in December 2008.

Note: Labor force statistics, including the unemployment rate, for New York and every other state are based on statistical regression models specified by the U. S. Bureau of Labor Statistics. Jobs data for New York are obtained from a survey of 18,000 business establishments. Jobs data exclude agricultural workers, the self-employed, unpaid family workers and domestic workers in private households.

See State and Area Job Data

See State and Area Unemployment Rates

See Jobs and Unemployment Fact Sheet

See Labor Market Overview

Source: NY State Department of Labor

New York’s unemployment rate was unchanged from August to September, remaining at 8.9 percent. That’s still lower than the national rate.

The state labor department released the latest figures Thursday, just as the national unemployment rate reached a 26-year high of 9.8 percent.

The rate in New York City rose slightly to 10.3 percent, up from 10.2 percent in August.

State labor analyst Peter Noonan says employers have been cutting jobs at a more modest rate than employers nationwide in the past year. September saw a loss of 18,300 private sector jobs.

Outside New York City, Tompkins and Hamilton counties had the lowest unemployment rate at 5.6 percent. The highest rate — 9.5 percent — was in Steuben County.

Source: AP

New York’s unemployment rate fell slightly in July, dropping to 8.6 percent from 8.7 in June. That’s the state’s first month-to-month decrease in a year.

The state labor department’s Peter Neenan says federal stimulus-funded projects helped boost employment in the construction sector. He says there was also an increase in the number of young people hired for government-funded summer jobs.

Despite the increase statewide, the unemployment rate in New York City rose to 9.6 percent, the highest level since June 1997 and up from 9.3 percent in July.

Outside the Big Apple, St. Lawrence County in northern New York had the highest unemployment rate at 9.9. percent. Saratoga and Tompkins counties tied for the lowest rate with 6.3 percent.

Source: AP

A new report released Monday by City Comptroller Bill Thompson predicts about 400,000 New Yorkers will be out of work by next year.

It’s the largest number in more than 15 years.

Thompson says by 2010 the unemployment rate will likely be 9.5 percent. He also says African Americans will be among the groups hardest hit, having already seen the unemployment rate grow four times faster than other ethnic groups.

“It clearly is a disaster, particularly in the African American community,” Thompson said. “What it also means is we need to create focus in this city and understand what’s going on around us. Some of the job training programs that are disjoined and not tied together, they need to tie together.”

In response to the report’s findings, Reverend Al Sharpton says he is particularly disturbed by the unemployment rate among African Americans.

During a press conference outside City Hall Monday, he urged Mayor Michael Bloomberg to step up and fix the problem.

“The report by the Comptroller’s Office about how blacks or African Americans have lost jobs at 14.7 percent higher rate than whites in the city is indicative of the racial imbalance in the economic downcurve that is happening all over the country,” Sharpton said.

To view Thompson’s complete study, visit comptroller.nyc.gov.

Source: NY1