New York

New York State, outside NYC, unemployment rate remains lower than national average

NEW YORK  — New York State has reported an additional month of gains for the economy.
The New York State Department of Labor has reported statistics for November 2020; confirming the seventh consecutive month of gains for the state economy.
According to the DOL, in November 36,300 new private sector jobs were added with statewide unemployment dropping to 8.4%/. The DOL stated that the states private sector job count grew faster in November than the national count.
Compared to October 2020, New York State saw a net increase of 29.5 thousand, or +0.3% change in total nonfarm jobs, and a net increase of 33.6 thousand, or 0.5% change in private sector jobs.
These rates are compared to the National rates below. All rates are seasonally adjusted.

Change in total nonfarm jobs Change in private sector jobs
Net % Net %
New York State +29,500 +0.3 +36,300 +0.5
United States +245,000 +0.2 +344,000 +0.3

Additionally, in November, New York State saw a decrease in the average unemployment rate. In November 2020, the statewide unemployment rate fell to 8.4%, with all areas outside of New York City falling to 5.7%. However, these rates are still an increase compared to the same timeframe last year due to the COVID-19 pandemic.
November 2020 unemployment rates, compared to previous rates are outlined below. All rates are seasonally adjusted.

November 2020 October 2020 November 2019
New York State (outside of NYC) 5.7% 6.5% 4.1%
New York City 12.1% 13.0% 3.6%
New York State 8.4% 9.2% 3.9%
United States 5.7% 6.9% 3.5%
Unemployment Rates (%)

According to the DOL, the number of private sector jobs in New York State is based on a payroll survey of 18 thousand New York businesses.

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