Sandy / Nearly 30,000 Jobs Lost says NYLD

Hurricane Sandy wiped out nearly 30,000 jobs in and around New York City last month, the New York State Labor Department said on Thursday.

The impact of the storm on small businesses and larger companies whose offices could not reopen for weeks afterward left New York City and the state with fewer jobs in November than in October. But the Labor Department also reported that the unemployment rates, which are calculated from a separate survey of employers, fell significantly last month.

New York City’s unemployment rate dropped to 8.8 percent from 9.2 percent in October, and the statewide unemployment rate declined to 8.3 percent from 8.7 percent. Both are still higher than the national unemployment rate, which was 7.7 percent in November.

Choosen excerpts by Job Market Monitor from

via Nearly 30,000 Jobs Lost Because of Hurricane Sandy – NYTimes.com.

Job Market Monitor:

This is what the BLS said on the latest job report:

Not exactly in the same direction!

Read More @ (UPDATE) US / Unemployment Rate Falls to Four-Year Low / Sandy: no substantively impact the job market

Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care. Household Survey Data The unemployment rate edged down to 7.7 percent in November. The number of unemployed … Continue reading »