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Rochester region adds jobs

Rochester Business Journal
November 15, 2012

The Rochester metropolitan area economy continued to improve in October, with an increase in the number of private-sector and non-farm jobs, the state Department of Labor said Thursday.

Over the last year Rochester added 3,600 non-farm jobs, up 0.7 percent, while the private sector gained 3,200 jobs, or 0.7 percent. Both were on a not seasonally adjusted basis. Job gains in the area again were concentrated primarily in the professional and business services industry.

The Rochester area ranked fifth among upstate regions last month in terms of percentage of non-farm and private-sector job growth.

Among the 52-county Upstate New York region, non-farm growth was 10,000 in October, while the private sector gained 14,400 jobs, not seasonally adjusted. Statewide, some 135,300 non-farm jobs were added last month, while the private sector gained 133,100 jobs.

The Buffalo area economy again showed no improvement last month, with a 100-job decline in both the non-farm and private sectors. The Syracuse region gained 300 non-farm jobs in October, or 0.1 percent, while the private sector lost 100 jobs.

Statewide, the job count reached a record high at 7.34 million in October, the Department of Labor said. The seasonally adjusted jobless rate was 8.7 percent last month, down from 8.9 percent in September, but up from 8.2 percent a year ago.

Non-seasonally adjusted data are valuable in year-to-year comparisons for the same month, for example October 2011 versus October 2012, the Department of Labor noted. When comparing different months, seasonally adjusted data provide the most valid comparison.

The professional & business services sector continued to show the largest job gains statewide in October, having added 52,600 jobs since October 2011, not seasonally adjusted. The construction sector continued to shed jobs last month, having lost 12,400 since October 2011.

Local employment rates are scheduled to be released next week.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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