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

LABOR MARKET INFORMATION: A Tool for Making Sense of the World. NYS Department of Labor Internet Resources:. Department of Labor Web Site* www.labor.ny.gov CareerZone (Career Exploration Tool) www.careerzone.ny.gov

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

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

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

  3. The State’s Economy • New York's unemployment rate in October 2014 was • 5.7 %, which was well below the year-ago level of 7.3 %. • New York’s labor force fell by 35,500 (-0.4 %) people over the year ending October 2014. • 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. New York’s Nonfarm Jobs Are Rising • Total nonfarm jobs rose (106,500 or 1.2 %) between • October 2013 and October 2014. • The manufacturing, information, and government • sectors lost jobs over the year. • Private educational & health services; leisure & • hospitality; professional & business services; trade, • transportation & utilities; construction; financial • activities; natural resources & mining; and other • services sectors added jobs over the year. • (not seasonally adjusted numbers)

  5. Central New York’s Economy: • Total nonfarm jobs fell by 1,800 (-0.6 %) between • October 2013 and October 2014 in the Syracuse metro area. • October’s unemployment rate of 5.8 % was below the year-ago level of 6.8 % in the Syracuse MSA. • There are still 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. Central New York: • Comparing October 2014 with October 2013, the Central New York economy had job gainsin: • Trade, Transportation & Utilities • Other Services

  7. Central New York: • Comparing October 2014 with October 2013, the Central New York economy hadjob lossesin these sectors: • Manufacturing • Government • Professional & Business • Services • Educational & Health Services

  8. Population Trends SOURCE: U.S. Census Bureau

  9. For More Labor Market Information, Contact the Analyst Nearest You: Albany (518) 462-7600, ext. 136 Binghamton (607) 741-4485 Buffalo (716) 851-2742 Hudson Valley (914) 997-8798 Lake Placid (518) 523-7157 Long Island (516) 934-8533 New York City (212) 775-3330 Rochester (585) 258-8870 Syracuse (315) 479-3391 Utica-Rome (315) 793-2282

  10. New York State Department of Labor Division of Research and Statistics Karen Knapik-Scalzo Associate Economist 450 S. Salina Street Voice (315) 479-3391 Syracuse, NY 13202 Fax (315) 479-3271 E-Mail: karen.knapik-scalzo@labor.ny.gov www.labor.ny.gov PREPARED BY:

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