NYS Economy Added 137,300 Private Sector Jobs in May 2020

Posted to Applied Web NY on Thu, 06/18/2020 - 16:18

In May 2020, the number of private sector jobs in New York State increased over the month by 137,300, or 2.1 percent, to 6,612,000, according to preliminary figures released today by the New York State Department of Labor.

New York State's seasonally adjusted unemployment rate decreased from 15.3% to 14.5% in May 2020. In May 2020, the number of unemployed New York State residents decreased by 76,300, while labor force levels increased by 5,700.

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. 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 the State each month.

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