The unemployment rate on Long Island is at record lows, according to a report in Long Island Business News.
A chart on ycharts tracking unemployment in the region shows that in September the unemployment rate for Nassau and Suffolk Counties was at 2.7%, that is one full percentage point lower than it was a year ago in September 2021 when it was 3.7%. Long Island Business News reported that the unemployment rate in October came in at 2.2% in a preliminary report, a drop from 3.4% in October 2021.
Ycharts says that the average Nassau/Suffolk unemployment rate is 4.97%.
Unemployment went as high as 18.2% in April 2020 during the height of pandemic shutdowns.