Overall unemployment rate moved up to 4.5% with the biggest shift in Education & Healthcare, which gained 700 roles, based on the most recently available information published in April 2022.
Total employment in the Utica-Rome, NY market declined by 213 jobs in February and the unemployment rate increased compared to the prior month by 20 bps to 4.5%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Utica-Rome, NY unemployment rate is 36 bps above the national rate which is a negative sign.
- Unemployment in the market is 330 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Government: 29,700; no change
- Education & Healthcare: 25,700; +700
- Transportation & Utilities: 20,200; no change
- Manufacturing: 11,200; +100
- Restaurants & Hotels: 10,000; +200
- Financial Services: 7,800; no change
- Business Services: 7,600; no change
- Other Jobs: 4,400; no change
- Construction, Mining: 2,800; -100
- IT & Development: 800; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.