NYS Economy added 75,300 Private Sector Jobs in September

New York: In September 2020, the number of private sectors’ jobs in New York State has increased over the month by 75,300 or 1.0 percent to7, 285,400, according to the preliminary figures released by the New York State Department of Labor on October 15. This represents the fifth straight month of job gains for the Empire State. New York’s private-sector job growth outpaced the nation’s private-sector job growth — 0.7 percent in September 2020 — for the third month in a row.

New York State’s seasonally adjusted unemployment rate decreased from 12.5 percent to 9.7 percent in September 2020. The number of unemployed New Yorkers decreased over the month by 302,000, from 1,186,700 in August to 884,700 in September 2020.

Within the leisure and hospitality sector, job losses were greatest in accommodation and food services (-283,400), especially foodservices and drinking places (-223,100), as stated by the department. Within the trade, transportation, and utility sector, job losses were focused in retail trade (-91,900), especially clothing and clothing accessories stores (-44,800).Within the professional and business services sector, job losses were concentrated in administrative and support services (-97,300) and professional, scientific, and technical services (-40,700).

As stated by the department, the number of private-sector jobs in New York State is based on a payroll survey of 18,000 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.