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September 21, 2018

County’s Jobless Rate Falls Because People Quit Looking For Work


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Caption goes here.

Oswego County’s unemployment rate dropped from its near-historic highs in August, but not because more county residents found jobs in the midst of a long and damaging recession.

The number of county residents listed as having a job stayed the same from July to August, at 55,500.  The number of people listed as unemployed dropped from 6,000 to 5,600.

It means 400 people stopped looking for a job during August.  The employment rate counts only those people who are working, and those people who are not working but are looking for work.

The county’s jobless rate fell from 9.7% to 9.2% from July to August as a result.

The unemployment rate is higher than it was a year ago in August.

New York State’s jobless rate edged up a tenth of a point.

“The recovery in New York State’s labor market slowed somewhat in August as we only added 2,500 private sector jobs over the month. In addition, our statewide unemployment rate increased from 8.2% to 8.3%, but remained well below the nation’s rate of 9.6% in August,” said Norman A. Steele, Deputy Director of the Division of Research and Statistics.

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