NY State Unemployment Down, NYC Unemployment Up

The State Department of Labor released July unemployment numbers yesterday and it was slightly better news for the state, not very good news for the city: "New York State's unemployment rate, after seasonal adjustment, decreased from 8.7 percent in June to 8.6 percent in July 2009," but "New York City's rate increased from 9.4 percent in June 2009 to 9.6 percent in July 2009." And NY State-not- including- NYC unemployment decreased from 8.2% in June to 7.9% last month. National unemployment fell from 9.5% in June to 9.4% in July. A state Labor Department economist said, "Although the national economy is showing signs of bottoming out, the outlook for the city’s economy remains weak into 2010.”

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By Jen Chung in News on August 21, 2009 11:01 AM

Comments [rss]

Basketb926

I thought the post's out-of-NYC numbers seemed unreasonable so I checked the actual article. The NYS (excluding NYC) rate went form 8.2 to 7.9, not 2.9. Hopefully this can be corrected.

Dead Himmler

I don't understand why people just can't get a job and do a honest days work. Maybe they are lazy or something.

Shinobi Shaw

Is this irony or are you really this ignorant about the current state of the US economy?

Trilby16

Most people upstate didn't have jobs to begin with. That's why fewer are now "unemployed." On the other hand, you can buy very cheap houses all over NYS.

Steven

Go anyone within of 100 miles of NYC and the prices of homes fall sharply. The line is basically north of Orange into Sullivan, Northern Ulster and Northern Dutchess counties.

Ed

The unemployment numbers have been so manipulated that I'm not sure they are worth keeping an eye on. For all I know, more people may be out of work upstate than in the city.

The percentage employeed figures give a somewhat better picture of the labor market.