Overall unemployment rate moved down to 3.6% with the biggest shift in Construction, Mining, which gained 1,400 roles, based on the most recently available information published in June 2022.
Total employment in the Buffalo-Cheektowaga-Niagara Falls, NY market rose by 1,708 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 3.6%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Buffalo-Cheektowaga-Niagara Falls, NY unemployment rate is 26 bps above the national rate which is a negative sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 97,600; -900
- Education & Healthcare: 93,800; -400
- Government: 83,600; +200
- Business Services: 67,600; +500
- Restaurants & Hotels: 53,600; +1,000
- Manufacturing: 51,900; +200
- Financial Services: 34,100; -600
- Other Jobs: 24,100; +200
- Construction, Mining: 20,800; +1,400
- IT & Development: 5,800; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.