NY Private Sector Jobs Grow In February

YORKTOWN, NY — New York’s private sector job count grew in February 2018 by 28,700, or 0.4 percent, to 8,151,800, a new record high, according to preliminary figures released recently by the state Department of Labor. This was the state’s largest monthly job gain since July 2016, and the 0.4 percent growth in the state’s private sector job count was double the national growth rate. Since the beginning of Gov. Andrew Cuomo’s administration, the state’s economy has added 1,057,700 private sector jobs and experienced employment growth in 75 of the past 86 months.

The Dutchess-Putnam area led the Hudson Valley region with a 3.6 percent increase in private sector jobs. That is a net increase of 4,200 jobs.

Only Ithaca had a larger increase — 3.8 percent.

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Kingston had a 0.9 percent increase with 400 new jobs, and Orange-Rockland-Westchester had a 0.1 percent increase with 800 new jobs.

“New York’s economy expanded in February 2018 as the state added 28,700 private sector jobs to reach a new, all-time high, and our statewide unemployment rate dipped to 4.6 percent, its lowest level since before the recession,” said Bohdan M. Wynnyk, director of the state Department of Labor’s Division of Research and Statistics.

The state’s private sector job count is based on a payroll survey of 18,000 New York employers conducted by the U.S. Department of Labor’s Bureau of Labor Statistics. Monthly payroll employment estimates are preliminary and subject to revision as more data become available the following month. The federal government calculates New York State’s unemployment rate based partly upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York each month.

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