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19,600 private sector jobs added in November 2022

Data shows that private sector jobs in New York have risen by 19,600, or 0.2%, for November of 2022 according to the Department of Labor.

The overall number in the United States also rose by 0.2% for the month of November.

New York State’s private sector jobs (not seasonally adjusted) increased by 281,000, or 3.6%, over the year in November 2022, which exceeded the 3.5% increase in the number of private sector jobs in the U.S.

Finger Lakes Partners (Billboard)

New York State’s seasonally adjusted unemployment rate held constant at 4.3% in November 2022. At the same time, New York State’s labor force (seasonally adjusted) decreased by 1,000. As a result, the labor force participation rate held constant at 60.5% in November 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.

On a net basis, the total number of nonfarm jobs in the state increased by 21,800 over the month, while private sector jobs rose by 19,600 in November 2022. At the same time, the total number of nonfarm jobs in the nation increased by 263,000, while private sector jobs increased by 221,000.

In November 2022, the statewide unemployment rate held steady at 4.3%. New York City’s unemployment rate held steady at 5.8%. Outside of New York City, the unemployment rate was unchanged at 3.3%. The number of unemployed New Yorkers decreased over the month by 300, from 413,600 in October to 413,300 in November 2022.

Categories: New York StateNews

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