New labor statistics show that Long Island jobs are growing.
Last month New York State’s private sector job count increased by 12,300, or 0.2%, to 8,045,400, a new all-time record high, according to preliminary figures released today by the New York State Department of Labor.
Since the end of the State’s recession in late 2009, New York has added more than one million private sector jobs.
Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 951,300 private sector jobs and experienced employment growth in 63 of the past 74 months.
In February 2017, New York’s statewide unemployment rate decreased from 4.6% to 4.4%, its lowest level since April 2007. Pushing the statewide rate lower was a steep drop in the New York City rate, which declined from 4.5% to 4.3%, its lowest level on records going back to 1976.
The State’s private sector job count is based on a payroll survey of 18,000 New York employers conducted by the U.S. Department of Labor’s Bureau of Labor Statistics. Monthly payroll employment estimates are preliminary and subject to revision as more data becomes available the following month.
The federal government calculates New York State’s unemployment rate based partly upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.
“The State’s labor market continued to expand in February 2017. Private sector employers in the state added 12,300 jobs, while our statewide unemployment rate decreased from 4.6% to 4.4% in February, which reflects the continued growth of the state’s economy,” said Bohdan M. Wynnyk, Deputy Director of the New York State Department of Labor’s Division of Research and Statistics.