For the 12-month period ending in August 2014, private sector employment in the Hudson Valley Region increased by 0.8 percent or 5,800 jobs. Employment gains were strongest in educational and health services (+5,600), followed by leisure and hospitality (+2,500), professional and business services (+900) and other services (+700). Job losses were largest in financial activities (-1,600), followed by natural resources, mining and construction (-1,400) and manufacturing (-1,100). The government sector shed 2,900 jobs over the year.
Job growth occurred in five of the nine sectors. Two sectors posted year-to-year growth of at least 2.5 percent. Educational and health services (+3.1 percent), was the fastest growing sector in the region. Growth in that supersector was most apparent in the Putnam-Rockland-Westchester area, where the sector grew by 3.7 percent, adding 4,200 jobs. Meanwhile, job losses in natural resources, mining and construction showed considerable weakness, declining by 3.1 percent or 1,400 jobs. However, it’s important to note that most of the job losses in the construction industry were centered in the Putnam-Rockland-Westchester labor market area, down 5.9 percent or 1,900 jobs.
Within the Region, job growth was fastest in the Kingston MSA (+2.4 percent), followed by the Poughkeepsie-Newburgh-Middletown MSA (+1.3 percent) and the Putnam-Rockland-Westchester MSA (+0.5 percent). Sullivan County (-0.9 percent) was the only area in the region that experienced a decline in private sector jobs. Regional private sector employment growth continues to lag that of the state (+1.9 percent) and the nation (+2.1 percent).
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
Thanks for the feedback! It will help us improve your experience.