Overall unemployment rate moved up to 5.7% with the biggest shift in Restaurants & Hotels, which gained 3,700 roles, based on the most recently available information published in July 2021.
Total employment in the Buffalo-Cheektowaga-Niagara Falls, NY market rose by 5,266 jobs in June and the unemployment rate increased compared to the prior month by 30 bps to 5.7%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Buffalo-Cheektowaga-Niagara Falls, NY unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 800 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 97,800; +900
- Education & Healthcare: 88,700; -1,200
- Government: 86,900; -700
- Business Services: 69,100; +1,000
- Restaurants & Hotels: 56,400; +3,700
- Manufacturing: 51,800; +200
- Financial Services: 35,800; no change
- Other Jobs: 23,600; +400
- Construction, Mining: 23,400; +300
- IT & Development: 5,900; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.