Yesterday, the New York State Department of Labor released preliminary unemployment data for the month of August and there is some good news to be found.
Jobless rates across Central New York continue to decrease, including in Cortland County, where it’s now at just over 8% — that’s down from just over 10% in both June and May.
Before that, it peaked at more than 14% in April.
Last year’s numbers were 4.4%, 4.7% and 4.5% in August, July and June 2019, respectively.
At the worst point during the COVID-19 pandemic, the unemployment rate across Central New York spiked upwards of 269%.
More information from DOL:
Rates are calculated using methods prescribed by the U.S. Bureau of Labor Statistics. The State’s area unemployment rates rely in part on the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month.
From August 2019 to August 2020, the State’s private sector employment count decreased by 1,096,900.
The State’s seasonally adjusted private sector job count increased over the month by 96,300, or 1.4%, to 7,198,600 in August 2020. That calculation is based on a payroll survey of 18,000 New York employers, conducted by the U.S. Bureau of Labor Statistics.
The State’s seasonally adjusted unemployment rate decreased from 15.9% to 12.5% in August 2020