May job numbers worst in 4 years, but state experts still confident in the area

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(WBNG) — The latest job numbers from the New York State Department of Labor are some of the worst projections in recent memory, but local labor leaders say remain calm.

The state’s Labor Market Profile for the Binghamton area, which includes Broome and Tioga Counties, indicates a total decrease of 900 private sector jobs from May 2018 to May 2019. That’s about a one percent decrease, a cause for concern most of the time.

However, because the job numbers from the beginning of this year were so strong, and the relatively small sample size used to develop the profile, experts say there’s no need to sound the alarm.

“Prior to these May numbers, in April and March, we were showing job gains in the order of 300, so I’m a bit skeptical of these latest statistics,” said Christian Harris, a regional labor market analyst for the New York State Department of Labor.

The hardest hit industries were retail and professional and business services. Harris said he was not surprised by the drop in retail jobs as many shops in our area, including at the Oakdale Mall, have closed in the past year.

Harris says he expects the next few job reports to show an increase in jobs and be a more accurate reflection of our local economy.

Josh Rosenblatt

Josh Rosenblatt

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