The state’s Department of Labor says private sector jobs grew by 1%, or 75,300 positions in September as the unemployment rate dropped to 9.7%.
It brings the total number of private sector jobs to 7,285,400, according to preliminary figures released by the New York State Department of Labor.
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% in September 2020 — for the third month in a row.
New York State’s seasonally adjusted unemployment rate decreased from 12.5% to 9.7% in September 2020. In September 2020, the number of unemployed New York State residents decreased by 302,000, while labor force levels decreased by 362,900.
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.
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