For the 12-month period ending in January 2014, private sector employment in the Hudson Valley Region increased by 1.5 percent or 10,500 jobs. Employment gains were strongest in educational and health services (+5,100), followed by professional and business services (+4.500), trade, transportation and utilities (+1,400), leisure and hospitality (+1,200), and financial activities (+1,100). Job losses were largest in natural resources, mining and construction (-1,700), and manufacturing (-800). The government sector shed 2,800 jobs over the year.
For the 12-months ending in January 2014, the region’s private sector job growth was fairly strong, up 1.5 percent or 10,500 jobs. In comparison, over the same period last year, private sector was up only 0.4 percent or 2,800 jobs. Job growth is broad-based, with twice as many sectors reporting job gains, as losses. Educational and health services is the region’s leading job generator, growing by 2.8 percent or 5,100 jobs. Aided by a strong health care and social assistance component, the supersector posted its largest January year-over-year gain since 1999. Professional and business services also posted very strong over-the-year growth, up 4.6 percent or 4,500 jobs; – its largest January year-to-year increase since 2001.
Although the regional job market continues to expand, private sector job growth in the region lags that of the state (1.7 percent) and the nation (2.1 percent). Overall, private sector employment growth occurred in most of the region. Percentage wise, the Kingston MSA again posted the strongest job growth (+4.5 percent); followed by the Poughkeepsie-Newburgh-Middletown MSA (+2.2 percent); and the Putnam-Rockland-Westchester labor market area (+1.0 percent). Sullivan County (-2.7 percent) was the only area in the region that experienced a decline in private sector jobs.
Special Interest to the Hudson Valley Region:
For more information, please contact:
NYS Department of Labor
120 Bloomingdale Rd., Room 218
White Plains, NY 10605
Phone: (914) 997-8798
Fax: (914) 997-4107
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