State: Long Island's employment market slows the most since 2010 – New York News

Long Island’s job growth has weakened the most in more than seven years, data released Thursday show.

The Island had 6,600 more jobs in August, compared with August 2016, the worst showing since August 2010, state Labor Department statistics show. The 0.5 percent employment growth last month trailed the state’s 1.8 percent and the nation’s 1.7 percent in the same year-over-year period.

Just three of the Island’s nine private sectors gained jobs. The private-education and health-services sector led gains, with 6,800 more jobs. Leisure and hospitality came in second with 3,800 more jobs. A sector dubbed “other services,” which includes personal and laundry services, added 200 jobs.

Some month-to-month numbers don’t bode well for the job market’s future performance. Long Island’s private-sector job count plummeted by 9,200 jobs in August compared with July, when a drop of 1,400 jobs is more typical, the Labor Department said.

The Island had a total of 1.343 million jobs in August, compared with 1.337 million a year earlier.

The department uses year-over-year comparisons because local data aren’t adjusted to account for seasonal fluctuations in employment

click here to read more.

New York News
No Comment

Leave a Reply