Watertown-Fort Drum, New York Unemployment
The BLS reported that the unemployment rate for Watertown fell 0.0 percentage points in May 2023 to 3.6%. For the same month, the metro unemployment rate was 0.3 percentage points lower than the New York rate. The unemployment rate in Watertown peaked in April 2020 at 18.2% and is now 14.6 percentage points lower. From a post peak low of 3.5% in February 2022, the unemployment rate has now grown by 0.1 percentage points. You can also compare Watertown unemployment with unemployment in other cities.
| Unemployment Rate | May 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | +0.3 | +0.1 |
| New York | 3.9% | -0.1 | -0.2 |
| Watertown | 3.6% | 0.0 | -0.4 |
Unemployment Rate: Watertown, New York, National
Note: Recessions shown in gray.
Watertown, New York Unemployed
The number of people unemployed in Watertown peaked in April 2020 at 8,026. There are now 6,406 fewer people unemployed in the metropolitan area. From a recent trough of 1,569 in February 2022, the number of unemployed has now grown by 51.
| Unemployed Persons | May 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Watertown | 1,620 | +27 | -169 |
Number of Unemployed Persons
Watertown, New York Unemployment History
| Date | National Unemployment Rate |
New York Unemployment Rate |
Watertown Unemployment Rate |
Watertown Unemployed |
|---|---|---|---|---|
| June 2023 |
3.6% | — | — | — |
| May 2023 |
3.7% | 3.9% | 3.6% | 1,620 |
| April 2023 |
3.4% | 4.0% | 3.6% | 1,593 |
| March 2023 |
3.5% | 4.1% | 3.7% | 1,664 |
| February 2023 |
3.6% | 4.2% | 3.9% | 1,732 |
| January 2023 |
3.4% | 4.2% | 4.1% | 1,815 |
| December 2022 |
3.5% | 4.1% | 4.2% | 1,834 |
| November 2022 |
3.6% | 4.1% | 4.2% | 1,835 |
| October 2022 |
3.7% | 4.2% | 4.2% | 1,848 |
| September 2022 |
3.5% | 4.0% | 4.3% | 1,873 |
| August 2022 |
3.7% | 3.9% | 4.3% | 1,894 |
| July 2022 |
3.5% | 4.0% | 4.3% | 1,890 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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