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Jobs decrease; unemployment rises

The Rochester-area economy weakened slightly in October, with a year-over-year decrease in the number of jobs and an increase in the ranks of unemployed.
The area’s jobless rate last month was 4 percent, compared with 4.2 percent in September and 3.6 percent a year ago. The Rochester metropolitan area has lost some 600 non-farm jobs, or 0.1 percent, since October 2006, while private sector jobs have decreased by 600, or 0.1 percent.
The metropolitan area includes Monroe, Livingston, Ontario, Orleans and Wayne counties.
Statewide, the unemployment rate was 4.6 percent in October, unchanged from September but up from 4.2 percent a year ago. Some 77,700 non-farm jobs have been added statewide since October 2006, not seasonally adjusted, while the private sector has gained some 78,300 jobs.
Educational and health services led the industries with job gains since October 2006, adding some 25,900 jobs. The manufacturing sector continued to top the list of industries with job losses: New York has lost some 16,300 jobs in manufacturing since a year ago.
The number of unemployed in the Rochester region in October was 21,300, down from 22,000 in September but up from 19,300 a year ago. The number of employed here was 504,200 in October, compared with 502,500 in September and 514,000 in October 2006.
Jobless rates for area counties are:
• Monroe County—4.1 percent last month, compared with 4.3 percent in September and 3.7 percent in October 2006;
• Genesee County—was 3.9 percent in October, unchanged from September, but up from 3.6 percent a year ago;
• Livingston County—was 4.2 percent last month, unchanged from September, but up from 3.7 percent a year ago;
• Ontario County—3.5 percent in October, unchanged from September and up from 3.2 percent in October 2006;
• Orleans County—increased to 4.5 percent last month from 4.3 percent in September and 4 percent a year ago; and
• Wayne County—was 3.8 percent in October, compared with 4 percent in September and 3.4 percent a year ago.
The Buffalo area’s economy remained relatively stable in October. The jobless rate in that city was 4.3 percent, compared with 4.4 percent in September and 4.2 percent a year ago. The area has gained some 2,100 non-farm jobs since October 2006, while the number of private sector jobs has increased by 2,500.
The Syracuse area’s unemployment rate was 3.8 percent last month, compared with 4 percent in September and 3.7 percent a year ago. The number of non-farm jobs has increased by 2,400 since October 2006, and the number of private sector jobs has increased by 2,700.

(c) 2007 Rochester Business Journal. Obtain permission to
reprint this article.

Jobs decrease; unemployment rises

The Rochester-area economy weakened slightly in October, with a year-over-year decrease in the number of jobs and an increase in the ranks of unemployed.

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