The New York State Department of Labor has released preliminary local area unemployment rates for March 2024. Rates are calculated using methods prescribed by the U.S. Bureau of Labor Statistics. New York State’s seasonally adjusted unemployment rate decreased from 4.4% in February to 4.3% in March 2024.
Here is a look at March’s numbers:
Labor force statistics, including the unemployment rate, for New York and every other state are based on statistical regression models specified by the U.S. Bureau of Labor Statistics. These are the most up-to-date estimates of persons employed and unemployed by place of residence. Estimates are available for New York State, labor market regions, metropolitan areas, counties and municipalities with a population of at least 25,000.
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