Overall unemployment rate moved down to 4.2% with the biggest shift in Transportation & Utilities, which gained 1,800 roles, based on the most recently available information published in December 2021.
Total employment in the Buffalo-Cheektowaga-Niagara Falls, NY market declined by 1,182 jobs in November and the unemployment rate decreased compared to the prior month by 40 bps to 4.2%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Buffalo-Cheektowaga-Niagara Falls, NY unemployment rate is 31 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 99,200; +1,800
- Education & Healthcare: 93,200; +1,500
- Government: 84,000; +400
- Business Services: 69,500; +600
- Restaurants & Hotels: 52,200; -1,400
- Manufacturing: 52,100; +500
- Financial Services: 35,600; +100
- Other Jobs: 24,600; +200
- Construction, Mining: 23,500; -500
- IT & Development: 5,900; +100
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.