Binghamton's Unemployment Rate, Job Count Drop
12/24/2013 (Updated 6:45:23 PM)(Source: Jason Weinstein)
The Binghamton area had it's lowest number private-sector and nonfarm jobs in November than any November since 1990.
But Binghamton's unemployment rate in November was 7.1 percent, down from 7.3 percent in October and from 8.1 percent in November of 2012.
But while the jobless rate has dropped so has the total number of private-sector and non-farm jobs. However labor analyst Christian Harris says there are some long-term job postings which give hope the unemployment rate could drop more in the spring.
"Then we'll start to come into our much more stable months in March, April, and May. Hopefully by that point we'll start seeing that sub-seven percent unemployment rate locally. And I have every confidence that it should," said Christian Harris, Labor Analyst for the New York State Department of Labor.
The sectors which saw the biggest increase in jobs over the past year were local government education and natural resources, mining, and construction.
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