The July 2024 unemployment rate for the Hudson Valley Region is 3.9 percent.
Hudson Valley Region:
The July 2024 unemployment rate for the Hudson Valley Region is 3.9 percent. That is up from 3.5 percent in June 2024 and up from 3.4 percent in July 2023. In July 2024, there were 47,100 unemployed in the region, up from 41,700 in June 2024 and up from 40,600 in July 2023. Year-over-year in July 2024, labor force decreased by 14,600 or 1.2 percent, to 1,196,700.
The Hudson Valley Region’s July 2024 unemployment rate (3.9 percent) is ranked third among the 10 labor market regions in New York State, trailing only the Capital Region (3.7 percent) and the Long Island Region (3.8 percent).
- Capital Region 3.7 percent
- Long Island 3.8 percent
- Hudson Valley 3.9 percent
- Finger Lakes 4.0 percent
- Central New York 4.1 percent
- Southern Tier 4.2 percent
- Mohawk Valley 4.3 percent
- North Country 4.4 percent
- Western New York 4.5 percent
- New York City 6.1 percent
In July 2024, the lowest unemployment rate within the region (3.5 percent) was recorded in Sullivan County.
- Sullivan County 3.5 percent
- Rockland County 3.7 percent
- Putnam County 3.8 percent
- Dutchess County 3.9 percent
- Orange County 3.9 percent
- Westchester County 4.0 percent
- Ulster County 4.1 percent
Jobs data for August 2024 will be released on Thursday, September 19 and the labor force data will be released on Tuesday, September 24.
State Labor Department Releases Preliminary
July 2024 Area Unemployment Rates
The New York State Department of Labor today released preliminary local area unemployment rates for July 2024. Rates are calculated using methods prescribed by the U.S. Bureau of Labor Statistics. The State’s area unemployment rates rely in part on the results of the Current Population Survey, which contacts approximately 3,100 households in New York State each month. To recap last week’s statewide press release, New York State’s seasonally adjusted unemployment rate increased from 4.2% to 4.3% in July 2024.
Local Area Unemployment Rates* (%)
July 2023 and July 2024
(not seasonally adjusted)
The data in the preceding table are not seasonally adjusted, which means they reflect seasonal influences (e.g., holiday and summer hires). Therefore, the most valid comparisons with this type of data are year-to-year comparisons of the same month, for example, July 2023 versus July 2024. Labor force data for the current month are preliminary and subject to revision as more information becomes available the following month. Revised estimates for prior months are available at: https://dol.ny.gov/local-area-unemployment-statistics
Labor force statistics, including the unemployment rate, for New York and every other state are based on statistical regression models specified by the U.S. Bureau of Labor Statistics. These are the most up-to-date estimates of persons employed and unemployed by place of residence. Estimates are available for New York State, labor market regions, metropolitan areas, counties and municipalities with population of at least 25,000.
