United States Employment Snapshot
In May, among the 50 states and the District of Columbia unemployment fell in 13, rose in 17, and remained unchanged in 21.
The highest unemployment rate was 5.3 percent in District of Columbia, and the lowest was 2 percent in North Dakota and South Dakota. Nationally, the unemployment rate rose by 0.1 percentage point to 4 percent.
In May, payroll jobs rose in 42 states and fell in 9. The largest payroll job percent increase was 0.9 percent in Idaho. The largest payroll job percent decline was 0.3 percent in Minnesota.
New York Employment Snapshot
In May, New York added 21,700 net payroll jobs and the unemployment rate remained unchanged at 4.2 percent. In the prior month, New York added 17,700 net payroll jobs.
Over the past 12 months, New York added 153,800 net payroll jobs and the unemployment rate rose by 0.3 percentage points from 3.9 percent.
Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. New York is tied for 22nd in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
In May, New York’s private sector added 15,800 net private payroll jobs, and over the past 12 months it added 122,800 private payroll jobs. In the prior month, New York added 15,300 net private payroll jobs.
In May, employment in New York fell by 7,148, and over the past 12 months it fell by 20,203.
New York’s labor force participation rate remained steady at 61.3 percent in May and ranks 37th in the nation. In the past 12 months, the labor force participation rate has risen by 0.2 percentage points.
New York Payroll Employment
New York added 21,700 net payroll jobs, or 0.2 percent, on a seasonally adjusted basis during May. In the prior month, New York added 17,700 jobs. New York nonfarm payroll employment has increased in 9 of the past 12 months.
Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. New York is tied for 22nd in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
New York added 15,800 private sector jobs, or 0.2 percent. on a seasonally adjusted basis during May. In the prior month, New York added 15,300 jobs. New York private sector payroll employment has increased in 10 of the past 12 months.
Nationally, private sector payroll jobs rose by 229,000 jobs in May, or 0.2 percent. New York is tied for 21st in the nation for percentage gain in private sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during May were Education and Health Services (14,100) and Government (5,900).
The poorest performing sectors during the month were Trade, Transportation, and Utilities (-2,700) and Professional and Business Services (-3,000).
The best performing sectors during the last 12 months were Education and Health Services (110,900) and Leisure and Hospitality (36,600).
The poorest performing sectors during the last 12 months were Information (-13,400) and Trade, Transportation, and Utilities (-18,300).
New York Labor Force
The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The labor force participation rate in New York remained unchanged at 61.3 percent in May.
New York ranks 37th in the nation.
The 10-year high for the labor force participation rate in New York was 61.5 percent in December 2023, and the 10-year low was 56.1 percent in April 2020.
The national labor force participation rate fell by 0.2 percentage points to 62.5 percent in May.