Maloney: NYS Private Sector Jobs Increase, 1st Time Since April ‘08; High Unemployment Persists, More Action Needed To Spur Job Growth

Mar 5, 2010
Press Release
New York, N.Y. – Congresswoman Carolyn B. Maloney (D-NY), Chair of the Joint Economic Committee, issued the following statement regarding the release of the New York State Labor Department’s January 2010 state employment data. The data showed that private sector payrolls in New York State rose by 30,500 from December 2009 to January 2010. New York State’s unemployment rate ticked down to 8.8 percent in January. However, the release also contained a revision to the private sector job counts for April 2008 to December 2009, which showed that the number of private sector jobs fell more rapidly than was previously reported.
“Yesterday's state numbers show that the economy is continuing to recover, in large part because of the Recovery Act, which is stabilizing our economy, providing credit to small businesses, and preventing states from laying off workers,” said Maloney. “However, we have to do more to create jobs for New Yorkers and people across our country. I am committed to ensuring that Congress is doing everything it can to create jobs right now and put Americans back to work. The jobs bill passed the House yesterday and is expected to be signed into law over the next week. It includes a scaled down version of my employer tax credit and is a good step, but we will have to do even more to spur job growth.”

Highlights from the January 2010 New York State employment release:

· Private sector employment rose in New York for the first time since April 2008. New York’s private sector employers added 30,500 jobs in January 2010 – the first monthly increase since April 2008.

· New York State and New York City unemployment rates ticked down. New York State’s seasonally adjusted unemployment rate ticked down 0.1 percentage point to 8.8 percent in January 2010. New York City’s unemployment rate ticked down 0.1 percentage point to 10.4 percent.

· Certain jobs sectors experienced growth. From January 2009 to January 2010, education and health services (+18,200) and the leisure and hospitality (+9,400) sectors both showed employment gains. The manufacturing sector showed the largest decline over the same period (-44,100). Other sectors losing jobs from January 2009 to January 2010 include trade, transportation and utilities; construction; financial activities; professional and business services; and government.

###