LOCAL LABOR MARKET CONDITIONS
2020
Regional Labor Review
18
NYC
Figure 1. Unemployment Rates in U.S., NYC & Long Island, 2019-2020 (% monthly, seasonally adjusted)
16
US
14
12
Long Island
10
8
6
4
2
0
A 2019
M
J
J
A
S
O
N
D
J 2020
F
M
A
M
Figure 2. U.S. Unemployment Rates, by Age, Race/Ethnicity, Educ. & Occ., May 2019-2020 35.0 30.7
Unemployment Rate (%, nsa)
30.0 23.6
25.0 20.0 16.5 15.0
17.2
17.1 15
14.8 12.8
12.1
10.0
7.2
5.9 5.0
3.0
2.3
3.7
3.3
6.6 4.1
4.0 2.0
1.7
0.0
2019
2020
Fig. 3: Unemployment Rate (%), NYC & 20 Other Largest Metros, May 2020 25
Unemployment Rate, %
20
15
10
23.7
19.1 15.3 15.2 15.1 14.9
13.9 13.6 13.4 13.3 13.1 12.7 12.3
11.2 11.2
10.4 10.4 10.3
9.5
9
8.3
5
0
2
Figure 4 NYC Job Changes by Industry: May 2019 – May 2020 (in thousands of jobs, & % change)
0 -6.6% -17.3%
-4.9%
-50
Govt -100
-55.5%
Wh. Trade
-25% TWU
-25.7%
-4.9%
Manf.
Const.
Info
FIRE -23.7% -13.6%
Retail
-150
-11%
Profsnl Srvcs
Jobs
Educ+ Health
-200
-250
Leisure + Hospitality
-300
-67% -350
Figure 5 Long Island Job Changes by Industry: May 2019 – May 2020 (in thousands of jobs & % change)
0 -8.8%
-10 -20
GOVT -30 Jobs -40 -50 -60 -70 -80
-11-6%
-6.9% -20.4% Constcn.
Info
-17.3%
Wholesale Trade
-6.2%
Manf.
FIRE
-35..4% TWU
-21.3% Retail
-12.9% Prfsnl Srvcs
-12.6% Ed+ Health Leisure+ Hospitality
-56.3%
3
.Figs 4-5 Source: NYS Dept. of Labor: nonfarm payroll job data from CES establishment survey in Nassau & Suffolk counties. Year-to-year changes, not seasonally adjusted. Note: FIRE = Finance, Insurance & Real Estate; TW U= Transport, Warehousing & Utilities.
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Table 1: International Unemployment, April 2019-2020 U.S., Canada & Western European Nations
country U.S. Canada Japan S. Korea European Union Denmark France Germany Italy Netherlands Portugal Sweden
Unemployment Rate (%) April April 2020
2019
14.7% 13.0 2.6 3.8
3.6% 5.7 2.4 4.0
6.6 4.6 8.7 3.5 6.3 3.4 6.3 7.9
6.4 5.3 8.7 3.2 10.2 3.3 6.7 5.9
source: OECD Short-term Labour Force Statistics (2020): https://stats.oecd.org. Limited to countries with available April data. Harmonized country rates.
Table 2: Number of Nonfarm Jobs: New York City, Long Island & All U.S., 2019–2020
U.S. NY State NYC Long Island
(in thousands, not seasonally adjusted) May 2019May April May April 2020 2020 2019 2019 Net Chg 133,342 131,071 151,109 150,430 -17,767 8,048.7 7,889.4 9,829.1 9,784.5 -1,780 3,777.0 3,756.9 4,657.5 4,648.7 -881 -252 1,106.3 1,056.6 1,358.7 1,348.8
% Chg -11.8 -18.1 -18.9 -18.6
Table 2 Source: Establishment survey data from US Department of Labor. Note that data reflect regular revisions by Dept. of Labor.
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Table 3: Civilian Labor Force, Employment & Unemployment (in thousands, not seasonally adjusted)
Labor Force
Employed
Unemployed
Unemp. Rate
May
May
May
May
May
May
May
May
2020
2019
2020
2019
2020
2019
2020
2019
AREA U.S. NYS NYC Bronx Brooklyn Manhattan Queens Staten Island
157,975 9,063 3,655.5 551.1 1,076.4 781.5 1,051.1 195.4
162,655 9,457 4,052.5 593.8 1,193.7 908.8 1,134.9 221.3
137,461 7,774 2,992.0 432.3 880.5 674.2 841.9 163.1
157,152 9,112 3,897.5 563.6 1,146.5 877.6 1,096.8 213.1
20,514 1289.1
5,503 345.1
13.0% 14.2
3.4% 3.6
663.5 118.8 195.9 107.3 209.2 32.3
155.0 30.2 47.2 31.2 38.1 8.2
18.2 21.6 18.2 13.7 19.9 16.5
3.8 5.1 4.0 3.4 3.4 3.7
LONG ISLAND Nassau Co. Suffolk Co.
1,470.5 700.8 769.6
1,479.0 705.8 773.2
1,290.7 616.5 674.2
1,431.8 683.6 748.2
179.8 84.3 95.4
47.2 22.2 25.0
12.2 12.0 12.4
3.2 3.1 3.2
Table 3 Source: CPS household survey data from NYS Dept. of Labor. Data reflect their regular revisions.
Table 4: NYC Unemployment & Labor Force Non-Participation Rates, by Race, Hispanic Origin & Sex: Feb-May 2020 Unemployed (%) Characteristic Whites Blacks Asians Hispanics Men Women
Feb 2020 2.0 4.6 3.4 5.2 3.5 3.5
May 2020 11.8 23.5 25.6 25.1 21.5 18.1
Not in Labor Force (%) Feb 2020 35.4 40.0 38.1 42.4 31.0 45.1
May 2020 42.5 52.6 49 45 37.7 53.6
source: NY Dept. of Labor & NYC Comptroller
REGIONAL LABOR REVIEW, vol. 22, no.2 (Spring/Summer 2020). © 2020 Center for the Study of Labor and Democracy, Hofstra University 6