Tuesday, May 24, 2016

NY State Labor Department Releases Preliminary April 2016 Area Unemployment Rates

The New York State Department of Labor today released preliminary local area unemployment rates for April 2016. Rates are calculated as prescribed by the U.S. Bureau of Labor Statistics. The State’s area unemployment rates rely in part on the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.
From April 2015 to April 2016, the State’s private sector job count increased by 114,400. In April 2016, the number of private sector jobs in the State was 7,905,500, a new record high. The State’s private sector job count is based on a payroll survey of 18,000 New York employers, which is conducted by the U.S. Department of Labor’s Bureau of Labor Statistics.
In addition, the State’s seasonally adjusted unemployment rate ticked up from 4.8% to 4.9% in April 2016.