City Sees Decreasing Unemployment Rate
5/22/2013 (Updated 11:09:05 PM)The unemployment rate in greater Binghamton is decreasing.
The rate was 7.8 percent in April, compared to 8.2 percent in April 2012, according to the State Labor Department. The area has added 800 jobs from March to April. Local economist Christian Harris says it is typical for more jobs to crop up as summer approaches-- especially in seasonal industries such as construction and hospitality.
"The over-month improvement falls in line maybe a little better than what we traditionally see March to April. Taking a look over the year we're also seeing an improvement. Opportunities are increasing, but not at the rate we need to capture a lot of these unemployed individuals," said Christian Harris, Regional Analyst for the New York State Department of Labor.
The lowest unemployment rate in the state is 4.8 percent in Tompkins County, and the highest unemployment rate is 11.4 percent in Hamilton County.
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