Overall unemployment rate moved down to 6.2% with the biggest shift in Restaurants & Hotels, which gained 4,200 roles, based on the most recently available information published in June 2021.
Total employment in the Buffalo-Cheektowaga-Niagara Falls, NY market rose by 5,588 jobs in April and the unemployment rate decreased compared to the prior month by 100 bps to 6.2%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Buffalo-Cheektowaga-Niagara Falls, NY unemployment rate is 45 bps above the national rate which is a negative sign.
- Unemployment in the market is 1,470 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 94,900; -300
- Education & Healthcare: 91,000; -100
- Government: 86,900; -600
- Business Services: 68,500; +1,700
- Manufacturing: 51,300; +300
- Restaurants & Hotels: 48,300; +4,200
- Financial Services: 35,600; no change
- Other Jobs: 22,900; +600
- Construction, Mining: 20,200; +2,000
- IT & Development: 5,700; -100
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.