The latest information released by the New York State Department of Labor for local area unemployment rates for November 2023 has Cortland County’s unemployment rate increasing to 4.1%.
A positive note though for the County, when compared to November 2022 to this year, the number of those employed within the county has increased by a thousand to 22,800 workers. The reason for the increased unemployment rate is due to the number of unemployed increasing in the county from 800 in November 2022 to now 1,000 this year.
The unemployment rate is calculated based on methods by the US Bureau of Labor Statistics. New York’s area unemployment rates rely in part on the current population survey.