For the 12-month period ending in June 2014, private sector employment in the Hudson Valley Region increased by 1.2 percent or 8,800 jobs. Employment gains were strongest in educational and health services (+6,400), followed by leisure and hospitality (+2,800), professional and business services (+1,100), trade, transportation and utilities (+1,000) and other services (+800). Job losses were largest in natural resources, mining, and construction (-1,500) followed by manufacturing (-900), information (-500) and financial activities (-400). The government sector shed 3,000 jobs over the year.
Job growth occurred in five of the nine sectors. Three sectors posted year-to-year growth of at least two percent. Educational and health services (+3.5 percent) was the fastest growing sector in the region. Leisure and hospitality was close behind (+3.1 percent) aided by a surge in the Poughkeepsie-Newburgh-Middleton MSA. Meanwhile, job losses in manufacturing and construction were centered in the Putnam-Rockland-Westchester MSA.
Within the Region private sector job growth was fastest in the Kingston MSA (+2.8 percent), followed by the Poughkeepsie-Newburgh-Middletown MSA (+2.3 percent) and the Putnam-Rockland-Westchester MSA (0.6 percent). Sullivan County (-1.5 percent) was the only area in the region that experienced a decline in private sector jobs. Regional employment growth in the private sector lags that of the state (+1.8 percent) and the nation (+2.2 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
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