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February Unemployment Numbers for Binghamton Show Slight Improvements

By Fox 40 Staff.
February unemployment numbers for Binghamton have been released.

The report shows some slight improvements.

The city's unemployment was at 6.0 percent in February, a slight decrease from 6.3 percent in January, and a major decrease from 7.3 percent a year ago.

The past year has seen slight increases in both the total number of jobs and the labor force.

"Promising statistics, better position than we were a year ago, still kind of above national and statewide comparables so we have some room to go and we're still well below our pre-recession job levels too so that's another water mark that we hopefully get to in this recovery," said Christian Harris, analyst for the NYS Department of Labor.

The information sector had the poorest performance in our region's jobs numbers over the past year.

Much of its problem came with the closure of Penguin and Random House publishing companies locally.

There is expected job creation in the near future with projects such as the expansion of the Binghamton University Pharmacy School in Johnson City.

Employers in our region such as Lockheed Martin, Tioga Downs, and Modern Marketing Concepts host good jobs as well.

Harris expects the 500 million dollar award from the Upstate Revitalization Initiative to help improve the local employment picture.