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Saturday 26 November 2022
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Syracuse’s Unemployment Rate Slightly Falls in May

By Staff

 

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Syracuse’s unemployment rate fell slightly in May of 2016, to 4.3 percent, from 5.5 percent during the same period of time last year.

According to the New York State Department of Labor, the numbers are in keeping with the statewide average, which dropped from 5.4 percent last year, to 4.7 percent in May. The labor department said the data represents the state’s lowest rate of unemployment since August 2007.

“Both the statewide unemployment rate, and the number of unemployed New Yorkers decreased in May,” Bohdan Wynnyk, deputy director of the New York State Department of Labor Division of Research and Statistics, stated. “The state’s unemployment rate fell from 4.9 percent to 4.7 percent over the month, its lowest level since August 2007. In addition, the number of unemployed state residents fell by 14,800, to reach its lowest level since October 2007.”

The Rochester area’s unemployment rate also fell, from 5.3 percent to 4.2 percent during the same time period, and Buffalo’s unemployment rate also dropped last month, to 4.4 percent, down from 5.5 percent the year before.

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