State’s Private Sector Job Count Grew Faster Than Nation’s
New York State's seasonally adjusted unemployment rate increased from 15.6% to 15.9% in July 2020. In July 2020, the number of unemployed New York State residents increased by 60,000, while labor force levels increased by 204,800. The increase in the unemployment rate — despite New York State adding 244,200 private sector jobs — may be explained by a combination of the use of different data sources for the two figures, the use of statistical regression models to determine the unemployment rate, a growing labor force, and the impact of out-of-state workers, among other factors.
The number of private sector jobs in New York State is based on a payroll survey of 18,000 New York businesses conducted by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). Monthly payroll employment estimates are preliminary and subject to revision as more complete data become available the following month. The BLS calculates New York State’s unemployment rate based partly upon the results of the monthly Current Population Survey (CPS) of approximately 3,100 households in the State.