LIBN: LI Unemployment Drops
Long Island’s not seasonally adjusted unemployment rate fell to 4.5 percent in January, down 0.8 percentage points from a year ago, well below the state’s 5.5 percent and the nation’s 5.3 percent.
Nassau County’s rate decreased by 0.7 percentage points to 4.2 percent from a year ago, while Suffolk County’s rate decreased by 0.8 percentage points to 4.8 percent.
“We had a very large increase in the number of employed residents and a smaller decrease in the number of unemployed residents,” said Shital Patel, a labor analyst with the New York State Department of Labor’s Division of Research and Statistics in Hicksville. “That’s painting a better picture of the Long Island labor force. People who were previously out of the labor force are entering and finding jobs.”
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