Albany, NY (July 16, 2009) - New York State's unemployment rate increased to 8.7 percent in June 2009, its highest level since October 1992, the State Labor Department reported today. At the same time, New York City's rate increased to 9.5 percent in June (the highest level since July 1997), while the rate outside of New York City climbed to 8.2 percent, the highest since June 1983. In June 2009, the number of unemployed state residents jumped to 854,200, the greatest number on record (current data extend back to 1976).
After seasonal adjustment, New York State's private sector job count decreased over the month by 17,700, or 0.2 percent, to 7,078,300 in June 2009; it has now dropped for ten consecutive months. Since the state's private sector job count peaked in August 2008, New York has lost 235,900 private sector jobs, erasing more than half of the 400,000 jobs added during the last economic expansion in 2003-2008.
"Labor market conditions continued to deteriorate in June 2009 as the number of unemployed New Yorkers reached its highest level since at least 1976. Nonetheless, the state lost jobs at a slower pace than the U.S.," 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, May 2009 versus June 2009. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month, for example, June 2008 versus June 2009.
1.) Unemployment rates (seasonally adjusted):New York State's unemployment rate, after seasonal adjustment, increased from 8.2 percent in May to 8.7 percent in June 2009. In June 2008, the state's rate was 5.3 percent. The U.S. rate was 9.5 percent in June 2009, up from 9.4 percent in May. In June 2008, the nation's rate was 5.6 percent. New York City's rate increased from 8.9 percent in May 2009 to 9.5 percent in June 2009. In June 2008, the city's rate was 5.4 percent. The rate outside of New York City was 8.2 percent in June 2009, up from May's 7.7 percent. In June 2008, the rate outside of New York City was 5.3 percent.
| June 2009* | May 2009 | June 2008 | |
| New York State | 8.7 | 8.2 | 5.3 |
| United States | 9.5 | 9.4 | 5.6 |
| New York City | 9.5 | 8.9 | 5.4 |
| NYS, excluding NYC | 8.2 | 7.7 | 5.3 |
| *Data are preliminary and subject to change. |
2.) Unemployment Insurance and EUC08 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 November 21, 2008, added up to 20 more weeks to the original 13 weeks of EUC08 benefits. Monthly beneficiaries data for these programs are noted below.
| Program and Data Item* | June 2009 | May 2009 | June 2008 |
| Regular UI, monthly beneficiaries | 425,964 | 421,131 | 193,237 |
| Regular UI, year-to-date beneficiaries | 770,178 | 708,300 | 452,526 |
| EUC08, monthly beneficiaries | 179,989 | 208,869 | NA |
| EUC08, year-to-date beneficiaries | 298,085 | 255,509 | NA |
| *Data are preliminary and subject to revision. |
3.) Job data (seasonally adjusted):
New York State and the nation, May 2009 - June 2009:
The number of private sector jobs in New York State decreased by 17,700, or 0.2 percent, to 7,078,300 in June 2009, on a seasonally adjusted basis. Nationally, the number of private sector jobs decreased by 0.4 percent over the same period. After seasonal adjustment, the number of nonfarm jobs in the state decreased over the month by 23,000, or 0.3 percent, to 8,582,200 in June 2009. Nationally, the number of seasonally adjusted nonfarm jobs decreased by 0.4 percent in June.
4.) Nonfarm jobs since June 2008 (not seasonally adjusted):
| Total nonfarm jobs | -214,900 | ||
| Private sector jobs | -209,000 |
Since June 2008, the number of nonfarm jobs (private plus public sectors) in New York State decreased by 214,900, or 2.4 percent, and the number of private sector jobs decreased by 209,000, or 2.8 percent. Nationally, the number of nonfarm jobs decreased by 4.2 percent and the number of private sector jobs decreased by 5.1 percent between June 2008 and June 2009.
Educational and health services (+31,900) was the only major sector to add jobs over the June 2008-June 2009 period, with increases in both health care and social assistance (+24,000) and educational services (+7,900).
Among declining sectors, trade, transportation and utilities (-62,500) registered the largest drop with losses centered in wholesale and retail trade (-48,800). The second largest employment drop was in professional and business services (-50,300), with sector losses centered in employment services (-31,000). Manufacturing (-43,900) had the third largest employment drop; the decline was focused in durable goods (-34,300). Financial activities (-40,000) had the next largest drop, with the securities industry (-24,400) experiencing the greatest decline in that sector.
Change in Jobs by Sector,
June 2008-June 2009 Sectors with Job Gains: Educational & Health Services +31,900 Sectors with Job Losses: Trade, Transportation & Utilities -62,500 Professional & Business Services -50,300 Manufacturing -43,900 Financial Activities -40,000 Construction -23,900 Information -12,300 Leisure & Hospitality -7,200 Government -5,900 Other Services -500 Natural Resources & Mining -300
5.) Nonfarm jobs since May 2009 (not seasonally adjusted):
| Total nonfarm jobs | +26,900 | ||
| Private sector jobs | +33,200 |
In June 2009, New York State had 8,672,500 total nonfarm jobs, including 7,151,300 private sector jobs. From May 2009 to June 2009, the number of nonfarm jobs increased by 26,900 and the number of private sector jobs increased by 33,200. On average, in the previous ten years, the number of nonfarm jobs in New York increased by 44,400 from May to June, and the number of private sector jobs increased by 51,400.
The not seasonally adjusted job count increased over the month in leisure and hospitality (+28,900), trade, transportation and utilities (+16,100), construction (+8,200), professional and business services (+6,200), financial activities (+2,100), other services (+1,900), manufacturing (+1,500), information (+1,200), and natural resources and mining (+200). The job count in educational and health services (-33,100) and government (-6,300) decreased over the month.
6.) New York State nonfarm job highlights since May 2009 (not seasonally adjusted):
Leisure and hospitality
Leisure and hospitality employment increased over the month, with hiring activity in both accommodation and food services, particularly food services and drinking places, and arts, entertainment, and recreation.
Trade, transportation and utilities
Most of this month's employment increase in the trade, transportation and utilities sector reflected seasonal gains in retail trade.
Construction
Construction employment experienced its typical seasonal increase in June, with most of the increase due to specialty trade contractors.
Professional and business services
This month's hiring increase was concentrated in professional, scientific, and technical services, especially legal services, and in administrative and support services.
Financial activities
Seasonal employment gains in real estate and rental and leasing outweighed losses in finance and insurance.
Other services
This sector's over-the-month job growth was greatest in personal and laundry services, and in religious, grantmaking, civic, professional and similar organizations.
Manufacturing
Manufacturing's job count increased over the month as gains in non-durable goods, particularly food manufacturing, more than offset losses in durable goods.
Information
The motion picture and sound recording industry accounted for most of this sector's employment gain in June.
Natural resources and mining
Natural resources and mining employment experienced its usual May-June increase.
Government
Overall public sector employment decreased seasonally, as many public colleges and universities reduced staffing levels in June.
Educational and health services
Sector employment decreased over the month, with educational services -- especially colleges, universities, and professional schools -- losing the most jobs in June.
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, June 2008 versus June 2009.
Albany-Schenectady-Troy: Since June 2008, the number of nonfarm jobs has decreased by 11,900, or 2.6 percent, and the number of private sector jobs has decreased by 9,300, or 2.7 percent. The area's unemployment rate was 7.4 percent in June 2009, compared with 6.7 in May and 4.8 in June 2008.
Binghamton: Since June 2008, the number of nonfarm jobs has decreased by 3,200, or 2.7 percent, and the number of private sector jobs has decreased by 3,200, or 3.5 percent. The area's unemployment rate was 8.5 percent in June 2009, compared with 7.9 in May and 5.3 in June 2008.
Buffalo-Niagara Falls: Since June 2008, the number of nonfarm jobs has decreased by 13,000, or 2.3 percent, and the number of private sector jobs has decreased by 13,600, or 2.9 percent. The area's unemployment rate was 8.9 percent in June 2009, compared with 8.3 in May and 5.6 in June 2008.
Glens Falls: Since June 2008, the number of nonfarm jobs has decreased by 2,400, or 4.1 percent, and the number of private sector jobs has decreased by 2,200, or 4.7 percent. The area's unemployment rate was 7.4 percent in June 2009, compared with 7.5 in May and 4.6 in June 2008.
Ithaca: Since June 2008, the number of nonfarm jobs has decreased by 500, or 0.8 percent, and the number of private sector jobs has decreased by 500, or 0.9 percent. The area's unemployment rate was 6.8 percent in June 2009, compared with 5.4 in May and 4.6 in June 2008.
Kingston: Since June 2008, the number of nonfarm jobs has decreased by 1,100, or 1.7 percent, and the number of private sector jobs has decreased by 1,600, or 3.3 percent. The area's unemployment rate was 8.2 percent in June 2009, compared with 7.4 in May and 5.3 in June 2008.
Nassau-Suffolk: Since June 2008, the number of nonfarm jobs has decreased by 40,300, or 3.1 percent, and the number of private sector jobs has decreased by 40,400, or 3.7 percent. The area's unemployment rate was 7.5 percent in June 2009, compared with 6.9 in May and 4.7 in June 2008.
New York City (five boroughs): Since June 2008, the number of nonfarm jobs has decreased by 96,100, or 2.5 percent, and the number of private sector jobs has decreased by 95,100, or 2.9 percent. The area's unemployment rate was 9.3 percent in June 2009, compared with 8.7 in May and 5.1 in June 2008.
Poughkeepsie-Newburgh-Middletown: Since June 2008, the number of nonfarm jobs has decreased by 6,000, or 2.3 percent, and the number of private sector jobs has decreased by 6,100, or 3.0 percent. The area's unemployment rate was 8.3 percent in June 2009, compared with 7.6 in May and 5.3 in June 2008.
Putnam-Rockland-Westchester: Since June 2008, the number of nonfarm jobs has decreased by 10,200, or 1.7 percent, and the number of private sector jobs has decreased by 10,100, or 2.1 percent. The area's unemployment rate was 7.5 percent in June 2009, compared with 6.9 in May and 4.7 in June 2008.
Rochester: Since June 2008, the number of nonfarm jobs has decreased by 7,700, or 1.5 percent, and the number of private sector jobs has decreased by 7,400, or 1.7 percent. The area's unemployment rate was 8.4 percent in June 2009, compared with 7.7 in May and 5.3 in June 2008.
Syracuse: Since June 2008, the number of nonfarm jobs has decreased by 4,900, or 1.5 percent, and the number of private sector jobs has decreased by 5,600, or 2.1 percent. The area's unemployment rate was 8.6 percent in June 2009, compared with 8.0 in May and 5.4 in June 2008.
Utica-Rome: Since June 2008, the number of nonfarm jobs has decreased by 1,900, or 1.4 percent, and the number of private sector jobs has decreased by 1,800, or 1.8 percent. The area's unemployment rate was 7.7 percent in June 2009, compared with 7.2 in May and 5.2 in June 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 Unemployment Rates
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