As the economy continued its slow post-pandemic reopening, New York State continued to slowly regain jobs—but preliminary data indicate there was no improvement in the state’s unemployment rate in July.

The Empire State’s private sector payroll job count in July was down 1.18 million jobs, or 14.2 percent, from the same month a year earlier, according to the latest monthly jobs report from the state Labor Department. Nationally, by comparison, private employment was about 10.6 million jobs, or 8.2 percent, below the July 2019 level.

On a monthly basis, New York gained 244,200 jobs in July compared to June, a growth rate of 3.6 percent that the monthly Labor Department press release touted as outstripping the national estimated job growth of just 1.3 percent last month. But New York’s July improvement also represented a slight slowdown from June, when the state added 296,400 jobs, a growth rate of 4.5 percent.

The preliminary, seasonally adjusted estimate of New York’s statewide unemployment rate in July was 15.9 percent, well above the national rate of 10.2 percent. The estimated jobless rate nationally went down almost a full point from the June level of 11.1 percent while New York’s was virtually unchanged (up a statistically insignificant 0.3 percent), mainly because the estimated unemployment rate rose in the rest of the state more than it dropped in New York City. A year ago, New York’s statewide jobless rate stood at just 3.9 percent.

On a regional basis, the employment picture has a familiar pattern, with job losses concentrated in the COVID-19 outbreak hotspot of New York City and its suburban counties.

On a seasonally adjusted basis, statewide private employment has barely recovered to the January 2000 level, as illustrated by the Labor Department chart below.

Tags:

About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

Read more by E.J. McMahon

You may also like

More NY job gains in August—but employment needs to rise a lot further

New York's jobs report for August looked relatively strong—but only by comparison, that is, with . On a seasonally adjusted basis, New York gained 28,000 private-sector jobs last month—a growth rate of 0.4 percent, according to . This was double th Read More

NY continues to trail U.S. in climb back to pre-pandemic jobs level

New York managed to tie the nation’s private-sector job growth rate in July—but compared to the U.S. as a whole, the Empire State remains much further below its pre-recession employment level, according to preliminary e Read More

Remote Threat 

Remote work and a more mobile professional class will increase the speed and scope of New York's ongoing out migration. Read More

NY Post-Pandemic Employment Tide Stopped Rising At Year’s End

New York's post-pandemic employment recovery came to a halt and moved into reverse in December, according to the state's for the final month of COVID-wracked 2020. Private payroll employment in December was 966,000 jobs below the level of the previous Read More

State Tax Receipts Strong Again in November, But Jobs Recovery Remains Slow

New York State's tax receipts in November were a whopping $800 million above Governor Cuomo's projections for the month—further evidence that the current-year budget gap is probably much smaller than Cuomo has been claiming. Meanwhile, however, priva Read More

New York’s Jobs Recovery Chugged to a Near-Halt in October

After rising sharply once the economy began to reopen, private payroll growth in New York ominously ran out of steam in October, according to the state's monthly jobs report. Read More

Fewer Workers, Not More Jobs, Explains NY’s September Unemployment Rate Drop

New York State's unemployment rate has fallen sharply since the economically devastating pandemic lockdown last spring. But as state Comptroller Thomas DiNapoli points out in  his latest economic report, the jobless rate doesn't tell the whole story. Read More

New York’s Private Jobs Rebound Still Trails Most of U.S.

In the seventh month of the coronavirus pandemic, private-sector employment in New York was still recovering more slowly than in other states from the after-effects of the broad spring shutdowns of normal business and social life, according to federal Bureau of Labor Statistics data. Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100

General Inquiries: Info@EmpireCenter.org

Press Inquiries: Press@EmpireCenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

Empire Center Logo Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!