August rate of 5.1 percent reaches 8-year low; Erie County rate is lower than state average
The New York State Department of Labor released the August unemployment report for counties across the state, revealing the unemployment rate in the Buffalo-Niagara region had fallen to 5.2 percent, while the unemployment rate in Erie County alone slipped to 5.1 percent, the lowest it has been in eight years. The local unemployment rate, which stood at 8.6 percent in August 2012, has been dropping steadily for the past 36 months and has been below 6 percent for six straight months, the first time that has happened since 2008.
"These numbers clearly show Erie County's continuing resurgence and the increasing vitality of our economic sector," Erie County Executive Mark C. Poloncarz said Tuesday. "Today, more people are employed, more people are staying and working in Western New York or coming here to pursue jobs, and more employers are looking at our area as one that fits their workforce needs. While these numbers are very good, there is still work to do to ensure that everyone who is looking for work can take part in this employment boom."
More information on the August report can be found at https://labor.ny.gov/stats/.