Overall unemployment rate moved up to 5.8% with the biggest shift in Government, which lost 6,200 roles, based on the most recently available information published in September 2021.
Total employment in the Buffalo-Cheektowaga-Niagara Falls, NY market rose by 3,841 jobs in July and the unemployment rate increased compared to the prior month by 10 bps to 5.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Buffalo-Cheektowaga-Niagara Falls, NY unemployment rate is 14 bps above the national rate which is a negative sign.
- Unemployment in the market is 740 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 2.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 95,300; -2,100
- Education & Healthcare: 88,900; +400
- Government: 80,700; -6,200
- Business Services: 69,700; +1,500
- Restaurants & Hotels: 60,900; +4,600
- Manufacturing: 51,600; +200
- Financial Services: 35,300; -500
- Other Jobs: 23,900; no change
- Construction, Mining: 23,500; +200
- IT & Development: 5,900; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.