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17,400 private sector jobs added to New York’s economy in September 2022

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 increased over the month by 17,400, or 0.2%, to 8,061,500 in September 2022. The number of private sector jobs in the U.S. also increased by 0.2% in September 2022.

New York State’s private sector jobs (not seasonally adjusted) increased by 361,400, or 4.7%, over the year in September 2022, which exceeded the 4.2% increase in the number of private sector jobs in the U.S.

New York State’s seasonally adjusted unemployment rate decreased from 4.7% in August to 4.3% in September 2022. From September 2021 to September 2022, the unemployment rate (not seasonally adjusted) fell from 5.7% to 3.9%.

From August to September 2022, New York State’s labor force (seasonally adjusted) decreased by 36,600. At the same time, the labor force participation rate went down from 60.5% in August 2022 to 60.3% in September 2022.

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.


Statewide Industry Employment

September 2022 – Seasonally Adjusted

  • On a net basis, the total number of nonfarm jobs in the state increased by 15,600 over the month, while private sector jobs rose by 17,400, in September 2022.
  • At the same time, the total number of nonfarm jobs in the nation increased by 263,000, while private sector jobs increased by 288,000. 

NYS Job Growth Equals Nation’s

Over-the-Month % Change in Total Nonfarm & Private Sector Jobs, August – September 2022  

NYS Job Growth Equals Nation's

Total Nonfarm and Private Sector Jobs Increased in September 2022

Total Nonfarm and Private Sector Jobs (in 1000s), September 1990 – September 2022

Total Nonfarm and Private Sector Jobs Increased in September 2022

Statewide Unemployment

September 2022 – Seasonally Adjusted

  • In September 2022, the statewide unemployment rate decreased from 4.7% to 4.3%.
  • New York City’s unemployment rate decreased from 6.6% to 5.6%. Outside of New York City, the unemployment rate increased from 3.2% to 3.3%.
  • The number of unemployed New Yorkers decreased over the month by 39,400, from 445,100 in August to 405,700 in September 2022.
 

NYS Unemployment Decreased in September 2022

Labor Force Statistics,  September 2021, August – September 2022

NYS Unemployment decreased in September 2022

The Labor Force and Number of Unemployed Decreased in September

Total Labor Force & Number of Unemployed, September 2010 – September 2022

The Labor Force and Number of Unemployed Decreased in September

NYS and US Unemployment Rates Decreased

Unemployment Rate, NYS & US, September 2010 – September 2022

NYS and US Unemployment Rates Decreased

Unemployment Rate Decreased in NYC, Increased in Balance of State

Unemployment Rate, NYC & BOS, September 2010 – September 2022

Unemployment Rate Decreased in NYC, Increased in Balance of State

Substate and Industry Employment 

September 2022 – Not Seasonally Adjusted

New York State Exceeded Nation in Job Growth

Over-the-Year Change in Total Nonfarm & Private Sector Jobs, September 2021 – September 2022

New York State Exceeded Nation in Job Growth

Note: The sum of sub-state area job estimates will usually differ from the New York State total. This is because the State total is calculated separately from the sub-state areas and is estimated based on an independent sample.

The Number of Leisure & Hospitality Jobs Increased by 10.0% Over the Year

Over-the-Year Change in Jobs by Major Industry Sector, September 2021 – September 2022

The Number of Leisure & Hospitality Jobs Increased by 10.0% Over the Year

*Educational and health services are in the private sector. Government includes public education and public health services.

Note: The responsibility for the production of monthly estimates of state and metro area nonfarm employment by industry moved from the NYS Department of Labor’s Division of Research and Statistics to the U.S. Bureau of Labor Statistics (BLS), starting with the March 2011 estimates. More detailed information on the change is available on the BLS web site.

Many economic data series have a seasonal pattern, which means they tend to occur at the same time each year (e.g., retail jobs usually increase in December). Seasonal adjustment is the process of removing seasonal effects from a data series. This is done to simplify the data so that they may be more easily interpreted and help to reveal true underlying trends. Seasonal adjustment permits comparisons of data from one month to data from any other month.

In New York State, payroll jobs data by industry come from a monthly survey of 18,000 business establishments conducted by the U.S. Bureau of Labor Statistics. Data are preliminary and subject to revision. Jobs data by industry do not include agricultural workers, the self-employed, unpaid family workers or domestic workers in private households.

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. The state’s unemployment rate is based partly upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York each month.

Table 1. Number of Nonfarm Jobs
Revised Note

Table 2. Number of Nonfarm Jobs by Industry
Cap

The number of private sector jobs in New York State increased by

Private sector jobs increased by

Professional and Business Services gained the most jobs over the year

New York State Labor Force Statistics

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