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NYS: LI Unemployment Rate 6.2% in August

NYS: LI Unemployment Rate 6.2% in August

Albany - (WALK)  Long Island's jobs scene is improving. The unemployment rate for August is 6.2 percent, down from 7.5 percent in August of last year, according state labor officials.

The year-to-year comparison indicates steady improvement since February, with 27,100 more jobs on Long Island last month than during August of 2012, according to a report released by the New York State Department of Labor Tuesday.

While the numbers are an improvement, economists are not impressed by the quality of jobs generated during the years since the Great Recession, with most growth in the lower-wage categories, such as hospitality and retail.

The unemployment rate on Long Island in August of 2007, prior to the economic crisis, was 3.9 percent, according to the labor department.

Photo: NYS Dept. of Labor

 

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