State and Bronx Unemployment Rate Continues to Drop
State Labor Department Releases Preliminary October 2014 Area Unemployment Rates
Albany, NY (November 25, 2014) -
The New York State Department of Labor today released preliminary local area unemployment rates for October 2014. Rates are calculated following procedures prescribed by the U.S. Bureau of Labor Statistics. The state’s unemployment rate relies in part on the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.
The state’s private sector job count increased by 110,000 from October 2013 to October 2014. In October 2014, the number of private sector jobs in the state was 7,606,700. The state’s seasonally adjusted unemployment rate fell from 6.2% to 6.0% in October 2014, its lowest level since October 2008.
Local Area Unemployment Rates* (%), October 2013 and October 2014
(not seasonally adjusted)*Data are preliminary and subject to change
Upstate NY (52-co. area)
Downstate NY (10-co. area)
New York City
The data in the preceding table are not seasonally adjusted, which means they reflect seasonal influences (e.g., holiday and summer hires). Therefore, the most valid comparisons with this type of data are year-to-year comparisons of the same month; for example, October 2013 versus October 2014.
Unemployment rate highlights in October 2014:
The counties in New York State with the lowest unemployment rates include:
Tompkins County (3.9%)
Yates County (4.3%)
Saratoga County (4.4%)
Columbia County (4.5%)
Putnam County (4.5%)
Nassau County (4.6%)
Albany County (4.8%)
Ontario County (4.8%)
Rockland County (4.8%)
Suffolk County (4.9%)
The Bronx came in at an even 9 % down from 9.8 % in sept 204, and over 10 % one year age.
Labor force data for the current month are preliminary and subject to revision as more information becomes available the following month. Revised estimates for prior months are available at: http://labor.ny.gov/stats/LSLAUS.shtm
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. These are the most up-to-date estimates of persons employed and unemployed by place of residence. Estimates are available for New York State, labor market regions, metropolitan areas, counties, and municipalities with population of at least 25,000.