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State Economy Outpacing That Of New employment data from the Department of Labor shows that New York State’s economy continues to outpace the national economy, with pri-vate sector job growth in Upstate substantially outpacing national growth. Private employment (seasonally ad-justed) rose 9,900 in November 2003, the third consecutive increase. Over the last three months, the New York private sector added 27,300 jobs, an increase of 0.4 percent. Over the dame period, the US increased private jobs 0.1 percent. From November 2002 to November 2003, statewide private employment was down 0.1 percent. Tha nation was also down 0.1 percent. The New York job decline was concentrated in New York City. Exchanging New York City, the rest of the state increased private jobs 0/3 percent. Upstate gained 0.2 percent and the City’s suburbs added 0.5 percent. Most of the upstate regions continue to show strong results. From Nov-ember 2002 to November 2003, private jobs expanded in Glens Falls (+4.9 percent), Newburgh (+2.7 percent), Dutchess County (+1.9 percent), Albany (+0.9 percent), the North Coun-try (+0.9 percent), Utica-Rome (+0>9 percent) and Syracuse (+0.6 percent). Western New York grew modestly (+0.1 percent). The job market in the New York City suburbs continued to grow. The pace quickened on Long Island with private job gains of 0.4 percent. Westchester increased 0.5 percent, Rockland rose 2.2 percent and Putnam gained 2.6 percent. The New York City economy continues to improve. Private jobs in the City were down 17,700 or 0.6 percent in November 2003 compared with November 2002. This compares with a decline of 0.9 percent registered in October 2003. In January 2002, in the aftermath of the attack on the World Trade Center, private employment in the City was down 169,200 or 5.4 percent. Further evidence of the New York City recovery is the decline in the rate of unemployment to a seasonally ad-justed 7.7 percent in November 2003 from a peak of 8.8 percent two months earlier.
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