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Queens Chronicle

UNEMPLOYMENT WATCH Queens job outlook continues to improve, state says

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Posted: Thursday, March 13, 2014 10:30 am | Updated: 11:34 am, Thu Mar 20, 2014.

The unemployment rate in Queens rose in January, according to figures released by the state Department of Labor on Tuesday — but only when compared to December, not when compared to January 2013.

And it’s those year-to-year figures that really matter, analysts say. Statewide, Albany said, the economy is improving markedly.

“The state’s economy added 5,400 private sector jobs, reaching another all-time high in January,” Bohdan Wynnyk, deputy director of the department’s Division of Research and Statistics, said in announcing the figures. “This, coupled with federal benchmarking revisions, has shown the economy to be even stronger than we thought.”

The “benchmarking revisions” are annually updated calculations of previous data, the department noted.

The unemployment rate here was 7.3 percent in January, compared to 8.9 percent in January 2013, Albany reported. About 1,067,700 Queens residents were working, compared to 1,045,000 one year earlier. The number of people counted as unemployed fell from 101,500 to 84,700 during the same time period.

Citywide, unemployment dropped from 9.7 percent to 8.1 percent; statewide it fell from 9.1 percent to 7.3 percent; and nationwide it went from 8.5 percent to 7 percent.

Those numbers are not seasonally adjusted. Those that are, and more data, are posted online at labor.ny.gov.

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