The New York State Department of Labor released its preliminary local area unemployment rates for July 2023, revealing a steady state unemployment rate of 3.9%.
These figures, calculated using U.S. Bureau of Labor Statistics methodologies, incorporate data from the Current Population Survey which contacts around 3,100 New York State households monthly.
While the provided data is not seasonally adjusted, year-to-year comparisons for the same month, such as July 2022 versus July 2023, are recommended for accuracy.
Labor force statistics for New York, encompassing the unemployment rate, rely on regression models designated by the U.S. Bureau of Labor Statistics. Comprehensive estimates, including employment and unemployment rates by residence, are available for regions including New York State, metropolitan areas, and municipalities with populations exceeding 25,000.
What is unemployment like in counties across the Finger Lakes?
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