NYS Unemployment Rate Dips to 4.0%, Matching All-Time Low

ALBANY, NY — New York State’s unemployment rate fell to 4.0% in October 2018, matching its lowest level on record (last reached in May 1988), according to preliminary figures released today by the New York State Department of Labor. In addition, the number of unemployed New Yorkers fell in October, from 397,600 to 387,700, its lowest level since April 2001. There was also a 26,600 person increase in the state’s civilian labor force, the largest monthly gain recorded since March 2004. Current labor force data extend back to 1976.

In addition, New York State’s private sector job count rose by 22,600, or 0.3%, to 8,218,800 in October 2018, a new, all-time high. Since the beginning of Governor Andrew M. Cuomo’s administration, New York State’s economy has added 1,124,700 private sector jobs and experienced employment growth in 81 of the past 94 months.

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Source: NEWZJUNKY.com (via Empire Report New York)