Change Amounted to Less Than One-Tenth of a Percent
According to preliminary seasonally adjusted figures released today by the New York State Department of Labor, the number of private sector jobs in New York State decreased over the month by 2,900, or less than 0.1%, to 8,392,500 in September 2024. The number of private sector jobs in the U.S. increased by 0.2% in September 2024.
New York State's private sector jobs (not seasonally adjusted) increased by 115,800, or 1.4%, over the year in September 2024, which matched the 1.4% increase in the number of private sector jobs in the U.S.
New York State's seasonally adjusted unemployment rate held constant at 4.4% in September 2024. At the same time, New York State's labor force (seasonally adjusted) decreased by 3,400. As a result, the statewide labor force participation rate decreased from 61.3% to 61.2% in September 2024.
The number of private sector jobs in New York State is based on a payroll survey of 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.
Note: Seasonally adjusted data provide the most valid month-to-month comparison. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month – for example, September 2023 versus September 2024.
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