LI adds 10K+ jobs in past year; June a big gainer

The Long Island economy added 10,600 private sector jobs in the year ending in June, a 0.9 percent increase to 1,145,900.

The percentage increase, which lagged the state (1.5 percent) and national (2 percent) rates, suggests the region is nearing full employment.

Month over month, however, the Island added 20,800 jobs, significantly more than the average of about 13,500. Construction was the big gainer in June, adding 3,000 jobs, or almost triple the normal increase, according to the Labor Department’s Long Island analyst, Shital Patel.

Seven off the local industry sectors added positions in the year ending in June, led by education and health services (8,300 new jobs), leisure and hospitality  (+3,500), construction (+3,200), general services (+1,100), professional and business services (+700), financial activities (+300) and manufacturing (+100).

The government sector also gained 1,500 jobs over-the-year.

New York State added almost 24,000 jobs in June, for a record high of 7,918,400.

The State’s private sector job count is based on a payroll survey of 18,000 New York employers conducted by the U.S. Department of Labor’s Bureau of Labor Statistics. Monthly payroll employment estimates are preliminary and subject to revision as more data becomes available the following month. The federal government calculates New York State’s unemployment rate based partly upon the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.

“New York State’s labor market continued to strengthen in June 2016, reaching a new record high in private sector jobs. In addition, the state’s over-the-month percentage gain in private sector jobs (+0.3 percent) in June was greater than the nation’s (+0.2 percent),” said Bohdan M. Wynnyk, deputy director of the New York State Department of Labor’s Division of Research and Statistics.

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