State Labor Department Releases December 2012 Area Unemployment Rates
Albany, NY (January 22, 2013) - The State Labor Department today released local area unemployment rates for December 2012, which are calculated following procedures prescribed by the U.S. Bureau of Labor Statistics. The state's unemployment rate relies in part on the results of a telephone survey of 3,100 households (out of more than 7 million)
(Media-Newswire.com) - Albany, NY ( January 22, 2013 ) - The State Labor Department today released local area unemployment rates for December 2012, which are calculated following procedures prescribed by the U.S. Bureau of Labor Statistics. The state's unemployment rate relies in part on the results of a telephone survey of 3,100 households ( out of more than 7 million ) in New York State.
The state's private sector job count increased by 123,200 from December 2011 to December 2012. As reported last week, the state's unemployment rate was 8.2% in December 2012. New York State's rate has plummeted since August 2012, dropping by 0.9 percentage points. This represents the state's largest four-month rate drop since February 1984.
Local Area Unemployment Rates* ( % ), December 2011 to December 2012 ( not seasonally adjusted ) *Data are preliminary and subject to change December 2012* December 2011
Downstate NY ( 10-co. area ) 8.2 8.1 New York City 8.8 8.8 Suburban Counties 7.0 6.7 Nassau-Suffolk 7.1 6.8 Putnam-Rockland-Westchester 6.8 6.5
The data above are not seasonally adjusted, which means they reflect seasonal influences ( e.g., holiday and summer hires ). Therefore, the most valid comparisons with this type of data are year-to-year comparisons of the same month; for example, December 2011 versus December 2012.
Unemployment rate highlights in December 2012:
The counties in New York State with the lowest unemployment rates include: Tompkins County ( 5.6% ) Putnam County ( 6.3% ) Rockland County ( 6.6% ) Nassau County ( 7.0% ) Westchester County ( 7.0% ) The counties in New York State with the highest unemployment rates include: Bronx County ( 11.9% ) Oswego County ( 11.0% ) Orleans County ( 10.9% ) Hamilton County ( 10.8% ) Essex County ( 10.7% ) Lewis County ( 10.7% )
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. These are the most up-to-date estimates of persons employed and unemployed by place of residence. Estimates are available for New York State, labor market regions, metropolitan areas, counties, and municipalities of at least 25,000.
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