banner

 

November 21, 2012

 

Jobless rate edges lower

Unemployment rate continued to fall last month, dropping to 7.7 percent

By SARAH BULLOCK
Staff Reporter
sbullock@cortlandstandardnews.net

Cortland County’s unemployment rate for October ticked down a tenth of a percentage point to 7.7 percent from 7.8 percent in September, according to a state Labor Department report released Tuesday.
The unemployment rate peaked in January at 10.5 percent.
The number of unemployed remained at 1,900 from September to October. In September and October 2011, 1,800 were unemployed, or 100 fewer workers.
More Cortland County residents were employed in October than September this year, an increase of 1.8 percent from 22,400 in September to 22,800 in October.
Employment is also up by 400 positions from October 2011.
“We’ve seen over the year an increase of the total labor force,” said Karen Knapik-Scalzo, a state Labor Department analyst.
In October, 24,700 people comprised the labor force and 24,100 were in the labor force in October 2011.
Since October 2011, 400 more people were employed and 100 more were unemployed and looking for work, Knapik-Scalzo said.
The state unemployment rate was 8.9 percent and the national unemployment rate was 7.5 percent in October.
Since October 2011, Cortland County saw growth in the private sector while the government sector remained stable, Knapik-Scalzo said.
“We’re up 200 jobs in the private sector in Cortland County,” she said.
The private sector contained 15,500 workers in October.
In September, 15,100 people worked in the private sector.
Service providing and private service providing jobs both grew over the month.
Service providing gained 500 positions to total 16,500 jobs, an increase of 3.1 percent. Since October 2011, the sector gained 100 positions, a 0.6 percent rise.
Private service providing added 400 jobs from September to October, a bump of 3.4 percent, to total 12,000 positions. The sector has gained 100 jobs over the year, a 0.8 percent rise.
The professional and business services sector gained 100 positions from September to October, totaling 1,600 jobs. The sector had 1,700 jobs a year ago.
The manufacturing sector gained 100 positions over the year, an increase of 3.7 percent. From September to October, manufacturing jobs remained at 2,800.
Sectors that lost positions from October 2011 to October 2012 include professional and business services and trade, transportation and utilities.
Trade, transportation and utilities added 100 jobs from September to October and the sector lost 100 jobs from October 2011. It posted 2,800 positions last month.
No sectors lost jobs from September to October.

 

To read this article and more, pick up today's Cortland Standard
Click here to subscribe