According to to preliminary seasonally adjusted figures released Thursday by the New York State Department of Labor, the number of private sector jobs in New York State increased over the month by 21,200, or 0.3%, to 8,233,700 in February 2023. The number of private sector jobs in the U.S. increased by 0.2% in February 2023.
New York State’s private sector jobs (not seasonally adjusted) increased by 244,800, or 3.1%, over the year in February 2023, which matched the 3.1% increase in the number of private sector jobs in the U.S.
The Empire State’s seasonally adjusted unemployment rate held constant at 4.2% in February 2023. At the same time, New York State’s labor force (seasonally adjusted) increased by 14,500. As a result, the labor force participation rate increased from 60.5% to 60.6% in February 2023.
