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Region adds jobs in November

Rochester Business Journal
December 20, 2012

The Rochester metropolitan economy continued its upswing in November, with an increase in both private-sector and non-farm jobs, the state Department of Labor said Thursday.

Over the last year Rochester has added 3,400 non-farm jobs, or 0.7 percent, while the private sector has gained 3,000 jobs, also 0.7 percent. Job gains again were concentrated primarily in the professional and business services industry.

The Rochester area trailed only the Albany-Schenectady-Troy region in the number of jobs added year over year. It ranked seventh among upstate regions in terms of percentage of private-sector job growth and sixth in non-farm job growth.

The Buffalo-area economy continued to decline, with a loss of 1,500 non-farm jobs, or 0.3 percent. The private sector lost 1,600 jobs, or 0.4 percent. Syracuse fared slightly better, with a gain of 400 non-farm jobs, or 0.1 percent. The private sector lost 100 jobs.

Among the 52-county Upstate New York region, non-farm job growth was 12,000, while the private sector gained 16,300 jobs. Statewide, some 90,200 non-farm jobs were added since November 2011, while the private sector gained 88,000 jobs.

Statewide, some 29,100 private-sector jobs were lost from October to November, a result of the widespread impact of Hurricane Sandy on the New York City region. The seasonally adjusted jobless rate was 8.3 percent statewide, down from 8.7 percent in October, but up slightly from 8.2 percent a year ago.

Non-seasonally adjusted data are valuable in year-to-year comparisons for the same month, for example November 2011 versus November 2012, the department noted. When comparing different months, seasonally adjusted data provide the most valid comparison.

The professional and business services sector continued to show the largest job gains statewide in November, having added 55,000 jobs, not seasonally adjusted. The construction sector continued to lose the most jobs.

Local employment rates are scheduled to be released next week.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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