Employment in New York State fell in June at an annualized rate of 3.8%, ending below 8,600,000 (seasonally adjusted).  This is February 2006’s level of employment.  Employment was down from May for all metros in New York.  Utica had the sharpest decline (6.2% annualized).

The information sector employment in New York State declined by a 7.5% annualized rate in June.  Buffalo and Rochester were the only two metros in the state that had growth in their information jobs.  Utica lost jobs at the fastest rate (-28.5% annualized).

Information jobs decreased in New York State by 4.6% over the year.  All metros’ information jobs are down from the previous year, with Utica, once again, leading with the fastest job loss.

New York State continued to lose jobs in May at an annualized rate of 1.9% (seasonally adjusted).  All metros experienced a decline in from April with Poughkepsie losing jobs the fastest (a 6% annualized rate) and Buffalo the slowest (a 0.2% annualized rate).  All sectors, except government, lost jobs in May.

Employment in the transportation, warehousing, and public utilities sector declined to about 264,000 jobs, down 10.2% from April (annualized), and 4.7% from May 2008.  Utica-Rome’s employment in this sector declined the fastest (26% annualized) over the month.

New York State employment continued to decline at a 1.8% annualized rate in April (seasonally adjusted).  This is less severe than the two preceding months (-3.5% in March and -2.9% in February). New York City inched into positive teritory in April, gaining jobs at a 0.8% annualized rate.  All other metros in New York State, however, posted declines in April.

Trade employment declined by a 3.8% rate over the year for New York State.  Employment in the trade sector is down for all metros in the state.  The downstate metros – Long Island, New York City, and Putnam Rockland Westchester – lost trade jobs at a 4% or higher rate over the year. 

Over the month trade jobs were down in New York State by a 6.8% annualized rate.  Growth from March’s level was seen, however, in Binghamton (2.7% annualized) and Syracuse (3.5% annualized).

The effects the recession on employment are visible in the first quarter numbers for 2009.  New York State nonagricultural employment continued its decline at a slightly higher rate than last quarter (-3.4% annualized). Erie and Niagara counties were the hardest hit losing jobs twice as fast as New York State.  While employment is down in most of the state, the decline has slowed in the Utica-Rome, Binghamton, Albany, the Hudson Valley, and Long Island metros.

Manufacturing employment continued its long standing decline, although at a substantially higher rate (-11.7% annualized) than the -4.2% annualized rate of the 4th quarter of 2008.  All metros in New York lost manufacturing jobs, with New York City leading the state with a staggering 23.4% annualized decline.  Education and Health Services had the highest increase of jobs at an annualized rate 1.6% statewide, with Utica-Rome adding jobs in this sector at a 4.5% annualized rate.

New York State continued to lose jobs in March at an annualized rate of 4% (seasonally adjusted).  Only the Education and Health Services sector grew, up by about 2,000 jobs from February 2009 (an annualized rate of 2%).

New York State continues to diversify away from a goods producing economy.  In 1990, roughly 12% of all jobs in New York were manufacturing jobs.  In 2009, manufacturing makes up 6% of all jobs.  Jobs in the service sector are offsetting the losses in the manufacturing sector.

It is important to note, however, that although manufacturing employment declines, output continues to increase.  In 2007 manufacturers in New York State produced over 66 billion dollars worth of goods.  This is up  21% since 1997, and 1% from 2006.  Even after adjusting for inflation, manufacturing output in 2007 was the highest in the last 10 years.

Manufacturing employment dropped sharply in March (-15% annualized), a faster decline than both the historical average (-4%) and the average during recessionary months (-5%). New York City lost the most manufacturing jobs (2,000+ or -32%), although manufacturing makes up only 2% of New York City’s jobs.  Rochester, a metro with a 13% manufacturing share, experienced a 5% decline. Buffalo Niagara Falls didn’t experience much change over the month.

There has been a 7% decline in manufacturing employment in 2009, once again above both the historical average (3%) and the recesionary average (5%).  Year over year, New York City lost the most manufacturing jobs (about 15,000 or 15%).

New York State resumed its decline in employment losing about 25,000 jobs in February, a decline at a 4% annualized rate.  This decline was not nearly as severe as the November and December drop, when employment fell at an annualized rate of 7% and 10% respectively.  Employment in New York State is about 2% lower from February of last year.

The Natural Resource and Construction sectors contracted 6% from February 2008 in New York State as contruction projects have slowed in the wake of the credit crisis.  New York City lead the state job loss in this sector, lossing about 14,500 jobs (11%) from February 2008.  Employment in these sectors in Syracuse and Rochester, two areas in New York with real estate markets left largely untouched by the housing buble, is up from the previous year.

Statewide employment in the Natural Resource and Construction sector is down close to 3,000 jobs from January.  The jobs created most notably in Albany, and Long Island could not ofset the declines elseware in the state.  New York City was the largest contributor to job loss in this sector, loosing about 2,000 jobs in the month.

New York State employment rolled back to the December 2006 level of employment.  The state posted a 1.3% decline from January 2008 to January 2009.  With the exception of Rochester, all areas lost jobs in 2008.

Buffalo and Long Island lead the state in job loss, shedding jobs at a rate of 1.7% and 1.6% respectively from 2008.  As previously noted, Rochester retained some of the jobs created in 2008, largely in the Educational and Health Services sectors.  Employment in Rochester only slid back to March 2008’s level.

January offered most areas in New York a pause in job loss.  New York State added about 8,000 jobs in the month of January.  All private service providing sectors grew in Long Island during the month of January.  Long Island regained about 6,000 jobs, the most out of all the metropolitan areas in the state.  Buffalo lost the most jobs (about 4,000) in the January.