Unemployment rates drop to 4.5 percent

Jan 23, 2018 at 09:28 pm by Observer-Review


Unemployment rates drop to 4.5 percent ADVERTISEMENT

Unemployment rates drop to 4.5 percent

YATES COUNTY--The unemployment rate for Yates County has dropped to 4.5 percent. This ranks eighth-lowest in the state and returns the area to the low unemployment rates from 2006-'07. In the surrounding area, Schuyler is listed at 6.2 percent while Steuben County records 5.9 percent unemployed. (November, 2017)
New York's statewide unemployment rate decreased from 4.7 percent to 4.6 percent in December 2017, according to preliminary figures released by the New York State Department of Labor.
From December 2016 to December 2017, New York state's private sector job count rose by 111,700, or 1.4 percent. Over the month, the state's private sector job count was essentially unchanged, down by 200 (or 0.0 percent) in December 2017.
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 state each month.

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