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NYS: Slow Growth Continues in LI Job Market

Albany - (WALK)  Long Island added jobs in March but at the lowest rate of the previous 12 months; 10,600 more than in March of 2013, according to a State report Thursday.

The jobs-total for our region last month was 1.26 million, the highest number for March in more than 20 years, according to the New York State Department of Labor.

The greatest number of jobs added last month were in lower-paying categories, including retail hiring. One of Long Island's better-paying jobs categories, the government sector, shed 3,500 jobs, mainly because of layoffs at public schools. said authorities.

The highest-paying sector, financial services, lost 900 jobs.  The financial sector on Long Island had 54,000 jobs, the lowest total since 2011, according to the report.

Month-to-month comparisons offer a clear indication of economic performance not influenced by seasonal employment trends, according to authorities.  The department of labor will publicize Long Island's unemployment rate in a report Tuesday.  February's unemployment rate on Long Island was 6.2 percent, down from 7.3 percent in February 2013.

Photo: Agnosticpreacherskid

 

 

 

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