Watertown-Fort Drum, New York Unemployment
The BLS reported that the unemployment rate for Watertown rose 0.2 percentage points in November 2023 to 4.4%. For the same month, the metro unemployment rate was 0.1 percentage points higher than the New York rate. The unemployment rate in Watertown peaked in April 2020 at 18.2% and is now 13.8 percentage points lower. From a post peak low of 3.5% in February 2022, the unemployment rate has now grown by 0.9 percentage points. You can also compare Watertown unemployment with unemployment in other cities.
| Unemployment Rate | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | -0.1 | +0.1 |
| New York | 4.3% | +0.1 | +0.2 |
| Watertown | 4.4% | +0.2 | +0.2 |
Unemployment Rate: Watertown, New York, National
Note: Recessions shown in gray.
Watertown, New York Unemployed
The number of people unemployed in Watertown peaked in April 2020 at 8,026. There are now 6,076 fewer people unemployed in the metropolitan area. From a recent trough of 1,569 in February 2022, the number of unemployed has now grown by 381.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Watertown | 1,950 | +76 | +115 |
Number of Unemployed Persons
Watertown, New York Unemployment History
| Date | National Unemployment Rate |
New York Unemployment Rate |
Watertown Unemployment Rate |
Watertown Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 4.3% | 4.4% | 1,950 |
| October 2023 |
3.8% | 4.2% | 4.2% | 1,874 |
| September 2023 |
3.8% | 4.0% | 4.1% | 1,796 |
| August 2023 |
3.8% | 3.9% | 3.9% | 1,740 |
| July 2023 |
3.5% | 3.9% | 3.8% | 1,683 |
| June 2023 |
3.6% | 3.9% | 3.7% | 1,653 |
| May 2023 |
3.7% | 3.9% | 3.6% | 1,619 |
| April 2023 |
3.4% | 4.0% | 3.6% | 1,593 |
| March 2023 |
3.5% | 4.1% | 3.7% | 1,664 |
| February 2023 |
3.6% | 4.2% | 3.9% | 1,732 |
| January 2023 |
3.4% | 4.2% | 4.1% | 1,815 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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