New York Unemployment

According to the BLS current population survey (CPS), the unemployment rate for New York fell 0.1 percentage points in May 2023 to 3.9%. The state unemployment rate was 0.2 percentage points higher than the national rate for the month. The unemployment rate in New York peaked in May 2020 at 16.6% and is now 12.7 percentage points lower. From a post peak low of 3.9% in August 2022, the unemployment rate has now grown by 0.0 percentage points. You can also see New York unemployment compared to other states.

Unemployment Rate	May 2023	Month/Month	Year/Year
National	3.7%	+0.3	+0.1
New York	3.9%	-0.1	-0.2

Note: All comparisons are made with May data as June state level unemployment data has not yet been released.

Unemployment Rate: New York, National

New York monthly unemployment rate chart from 1990 to May 2023

Note: Recessions shown in gray

New York Unemployed

The number of people unemployed in New York peaked in May 2020 at 1,569,673. There are now 1,187,172 fewer people unemployed in the state. From a recent trough of 370,386 in August 2022, the number of unemployed has now grown by 12,115. New York job growth data is also available.

Unemployed Persons	May 2023	Month/Month	Year/Year
New York	382,501	-2,382	-15,836

Number of Unemployed Persons