banner

 

December 28, 2012

Jobless rate back above 8 percent

By SARAH BULLOCK
Staff Reporter
sbullock@cortlandstandardnews.net

After four months of decline, the county’s unemployment rate nudged upward to 8.1 percent in November, according to state Labor Department statistics released Thursday.
The unemployment rate for October was 7.7 percent and the rate for November 2011 was 7.8 percent.
Historically, Cortland County sees a small increase in the unemployment rate from October to November, said Karen Knapik-Scalzo, a state Labor Department analyst.
“It’s not unusual,” Knapik-Scalzo said.
An expanded labor force contributed to the higher unemployment rate, Knapik-Scalzo said. The rate peaked at 10.5 percent in January.
The number of unemployed rose by 100, from 1,900 in October to 2,000 in November, an increase of 5.3 percent. In November 2011, 1,900 people in the county were unemployed.
Four hundred fewer people were employed from November to October, with 22,400 employed in November and 22,800 employed in October, a decrease of 1.8 percent.
Over the year, the number of people employed rose by 300 from 22,100, an increase of 1.4 percent.
The total number of nonfarm jobs fell from 20,000 in October to 19,700 in November, a decrease of 1.5 percent. From November 2011 to November 2012, the number of jobs grew by 200 or 1 percent.
The private sector is outperforming the government sector in job creation in Cortland County, Knapik-Scalzo said, continuing a trend that started in October 2011.
“It’s more the private sector that’s growing over the year in Cortland County,” she said.
The leisure and hospitality sector posted the greatest gains over the year, adding 300 jobs and growing by 11.1 percent.
“That’s one of the stronger growth ones (sectors),” Knapik-Scalzo said.
Over the month the sector was stable at 3,000 jobs.
Natural resources, mining and construction jobs fell by 100 from November to October, a decrease of 14.3 percent to 600, but remained stable over the year. Manufacturing lost 100 jobs over the month, falling from 2,800 jobs in October to 2,700 in November, a decrease of 3.6 percent. Over the year the sector added 100 jobs.
No job sector added positions over the month, while most posted small gains over the year or remained stable.

 

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