New York State, outside NYC, unemployment rate remains lower than national average

NEW YORK  — New York State has reported an additional month of gains for the economy.

The New York State Department of Labor has reported statistics for November 2020; confirming the seventh consecutive month of gains for the state economy.

According to the DOL, in November 36,300 new private sector jobs were added with statewide unemployment dropping to 8.4%/. The DOL stated that the states private sector job count grew faster in November than the national count.

Compared to October 2020, New York State saw a net increase of 29.5 thousand, or +0.3% change in total nonfarm jobs, and a net increase of 33.6 thousand, or 0.5% change in private sector jobs.

These rates are compared to the National rates below. All rates are seasonally adjusted.

Additionally, in November, New York State saw a decrease in the average unemployment rate. In November 2020, the statewide unemployment rate fell to 8.4%, with all areas outside of New York City falling to 5.7%. However, these rates are still an increase compared to the same timeframe last year due to the COVID-19 pandemic.

November 2020 unemployment rates, compared to previous rates are outlined below. All rates are seasonally adjusted.

According to the DOL, the number of private sector jobs in New York State is based on a payroll survey of 18 thousand New York businesses.