Overall unemployment rate moved up to 3.9% with the biggest shift in Government, which lost 1,300 roles, based on the most recently available information published in August 2022.
Total employment in the Utica-Rome, NY market declined by 115 jobs in July and the unemployment rate increased compared to the prior month by 40 bps to 3.9%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Utica-Rome, NY unemployment rate is 12 bps above the national rate which is a negative sign.
- Unemployment in the market is 140 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 1.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Government: 29,400; -1,300
- Education & Healthcare: 25,000; +200
- Transportation & Utilities: 20,200; -200
- Restaurants & Hotels: 11,300; +100
- Manufacturing: 11,200; +100
- Business Services: 8,000; +100
- Financial Services: 7,900; no change
- Other Jobs: 4,600; no change
- Construction, Mining: 3,500; +100
- IT & Development: 800; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.