The New York state jobless rate held steady in June at 4.5 percent, the state Department of Labor reported Thursday.
Yesterday’s release of economic numbers focused on unemployment rates and industry data for major metropolitan areas around New York. It also included regional and county labor market profiles, considered a key to understanding trends in less populated areas.
Local economy watchers will have to wait until next Tuesday’s labor department release to get June’s jobless rates for Steuben and Allegany counties. For May, Steuben County had an unemployment rate of 5 percent, while Allegany’s rate was 5.3 percent for the month.
As far as the state goes, June’s 4.5 percent unemployment rate matches New York’s lowest level since June 2007, the labor department said. The state’s private sector job count increased by 0.2 percent, to 8,185,900. That’s an all-time employment high, according to preliminary figures.
“In June 2018, New York’s labor market continued to grow as the state added 15,000 private sector jobs to reach a new, all-time high employment count. In addition, the statewide unemployment rate remained at its lowest level since before the recession,” said Bohdan M. Wynnyk, director of the New York State Department of Labor’s Division of Research and Statistics.
Using seasonally adjusted data, the labor department ranked New York’s top growing and top declining industries for the most recent 30-day period.
- The statewide industry sectors adding the most jobs in May-June 2018 included: educational and health services (+11,000), construction (+3,700), information (+3,400), financial activities (+2,400) and other services (+1,000).
- The industry sectors with the largest employment losses in June 2018 were professional and business services (-2,400), trade, transportation and utilities (-2,300) and leisure and hospitality (-1,700).
Labor officials expect to see continued growth for the healthcare Industry.
“Health services should continue to be a fertile ground for job growth as baby boomers grow older,” said Christian Harris, a Southern Tier labor analyst with the Department of Labor.
Labor Market Profiles
In Steuben County, private sector jobs rose by 600 positions from May, coming in at 30,600 jobs for June. Over 12 months, the gains were a modest 100 more positions than 12 months ago.
By industry, goods-producing went up by 100 jobs over the month, from 5,700 in May to 5,800 in June. Service-producing went up by 300, from 32,800 in May to 33,100 in June. Increases were also seen in Health Services (100), Professional and Business Services (100) and Leisure and Hospitality (200).
As expected, public sector jobs decreased over the month, as schools and colleges entered summer break. Government jobs fell from 8,500 in May to 8,300 in June. The 8,300 government jobs in June is the same as June 2017.
In Allegany County, total nonfarm jobs fell from 14,700 in May to 14,100 in June. For the private sector, there were 9,600 positions last month, 500 fewer than May and a drop of 700 over 12 months.
Steepest losses for the county occurred in the private Service-Providing sector, which came in at 7,200 in June. That represented a 700 job loss over 12 months and a 500 job decline from May.
Government jobs fell by 100, from 4,600 in May to 4,500 in June. That’s the same number as 12 months ago.