LABOR MARKET INFORMATION: A Tool for Making Sense of the World

2 NYS Department of Labor Internet Resources: *Look under the “Labor Statistics” section of “Government and Research”. Department of Labor Web Site* CareerZone (Career Exploration Tool) JobZone (Job Seeker Tool)

3 The State’s Economy New York's unemployment rate in May 2016 was 4.2 %, which was below the year-ago level of 5.3 %. New York’s labor force fell by 68,200 (0.7 %) people over the year ending May The number of people employed rose over the year and the number of people unemployed but actively looking for work decreased over the year. (not seasonally adjusted numbers)

4 Total nonfarm jobs rose (81,800 or 0.9 %) between May 2016 and May Natural resources & mining; information; and manufacturing sectors lost jobs over the year. Educational & health services; leisure & hospitality; professional & business services; trade, transportation & utilities; construction; financial activities; other services; and government sectors added jobs over the year. ( not seasonally adjusted numbers ) New York’s Nonfarm Jobs Are Rising

5 Central New York’s Economy: Total nonfarm jobs fell 400 or 0.1 percent between May 2015 and May 2016 in the Syracuse metro area. May’s unemployment rate of 4.3 % was below the year-ago level of 5.5 % in the Syracuse MSA. There are job opportunities in fields such as health care, engineering, computers, skilled trades, customer service, high-tech, scientific, R&D, construction, green-related jobs, leisure & hospitality, and accounting, as well as opportunities for entry-level positions. (not seasonally adjusted numbers)

6 Comparing May 2016 with May 2015, the Syracuse metro area economy had job gains in: Trade, Transportation & Utilities Manufacturing Government Central New York:

7 Comparing May 2016 with May 2015, the Syracuse metro area economy had job losses in these sectors: Natural Resources, Mining & Construction Other Services Financial Activities Information Leisure & Hospitality Educational & Health Services Professional & Business Services Central New York:

8 AREA APRIL 1, 2000 Census APRIL 1, 2010 Census CHANGE NEW YORK STATE18,976,45719,378, ,645 Cayuga County 81,96380,026-1,937 Cortland County48,59949, Madison County69,44173,442+4,001 Onondaga County458,336467,026+8,690 Oswego County122,377122, SOURCE: U.S. Census Bureau Population Trends

9 Albany (518) Binghamton (607) Buffalo (716) Hudson Valley (914) Lake Placid (518) Long Island (516) New York City (212) Rochester (585) Syracuse (315) Utica-Rome (315) For More Labor Market Information, Contact the Analyst Nearest You:

New York State Department of Labor Division of Research and Statistics Karen Knapik-Scalzo Associate Economist 450 S. Salina Street Voice (315) Syracuse, NY Fax (315) PREPARED BY: