New York State has been adding health care and hospitality jobs, but losing jobs in finance and insurance, according to the latest available data.
The number of private sector jobs in New York State grew by 8,900, or 0.1 percent, to 8,280,700 in August 2019 compared to a year ago, according to preliminary figures released by the New York State Department of Labor.
Education and health services added 53,000 jobs, while leisure and hospitality added 31,600, followed by trade, transportation and utilities, which added 14,600. Construction state-wide grew by 11,600 jobs year over year.
Financial activities lost 4,100 jobs, the most “of any major industry in the state,” according to the New York State Department of Labor.
Finance and insurance lost 5,900 over the past year, while jobs in securities, commodities and other investments declined by 4,600.
Manufacturing lost 4,000 jobs, as losses in durable goods manufacturing reached 4,800 and specially fabricated metal lost 2,200 jobs for the year.
Professional and business services declined by 3,500 jobs even as manu financial jobs declined.
The State’s private sector job count is based on a payroll survey of 18,000 New York employers conducted by the U.S. Department of Labor’s Bureau of Labor Statistics.
