Private sector grows in New York, sinks locally

By Conor Mooney

Credit: MGN Stills

Private sector grows in New York, sinks locally

March 6, 2014 Updated Mar 7, 2014 at 1:36 PM EDT

(WBNG Binghamton) New York's private sector grew to an all-time high, and the unemployment rate fell to its lowest level since 2008, although those trends weren't as positive locally. That's according to the latest Siena Poll.

During the month of January, New York's private sector's job total rose to 7,520,000 which is the most ever.

Statewide unemployment fell to 6.8 percent. That's slightly higher than the nation's 6.6 percent.

From January 2013 to January of this year, the total amount of jobs fell in the Binghamton area's private sector by about 500 jobs throughout the year, and total non farm jobs fell by 1,700.

Experts at the Department of Labor say different divisions of the private sector may have actually seen growth.

Health, education, leisure, hospitality and business services have increased, but not enough to combat the losses in local government and manufacturing.

The harsh winter has also hurt local retailers.