Overall unemployment rate moved down to 5.7% with the biggest shift in Education & Healthcare, which gained 1,400 roles, based on the most recently available information published in September 2021.
Total employment in the Buffalo-Cheektowaga-Niagara Falls, NY market declined by 1,715 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 5.7%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Buffalo-Cheektowaga-Niagara Falls, NY unemployment rate is 41 bps above the national rate which is a negative sign.
- Unemployment in the market is 440 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 1.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 95,600; -400
- Education & Healthcare: 89,900; +1,400
- Government: 78,300; -800
- Business Services: 68,400; -700
- Restaurants & Hotels: 60,500; +500
- Manufacturing: 51,500; -100
- Financial Services: 35,600; +200
- Other Jobs: 24,200; -200
- Construction, Mining: 24,000; +600
- IT & Development: 5,900; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.