For the 12-month period ending in March 2014, private sector employment in the Hudson Valley Region increased by 1.2 percent or 8,500 jobs. Employment gains were strongest in educational and health services (+5,300), followed by professional and business services (+2,900), leisure and hospitality (+1,900), and trade, transportation and utilities (+1,200). Job losses were centered in natural resources, mining, and construction (-1,700), and manufacturing (-1,200). The government sector shed 2,600 jobs over the year.
For the 12 months ending in March 2014, regional private sector job growth was fairly strong, up 1.2 percent or 8,500 jobs. In comparison, over the same period last year, the private sector was up only 0.4 percent or 3,000 jobs. Job growth continues to be broad-based, with more sectors reporting job gains than losses. Three sectors posted year-to-year growth of at least 2.5 percent. Educational and health services, remains the region’s top job generator, growing by 2.8 percent or 5,300 jobs. Job growth also occurred in professional and business services, up 2.9 percent or 2,900 jobs. Employment growth in that supersector was mostly centered in the Putnam-Rockland-Westchester labor market area which accounted for two-thirds of the sector’s gains. Meanwhile, for the third consecutive month, employment in natural resources, mining and construction trailed year earlier levels. The sector declined by 4.3 percent or 1,700 jobs – its largest March year over year decline since 2010.
Regionally, job growth was most rapid in the Kingston MSA (+3.7 percent); followed by Poughkeepsie-Newburgh-Middletown MSA (+2.3 percent), and the Putnam-Rockland-Westchester labor market area (+0.6 percent). Sullivan County (-2.7 percent) was the only area in the region that experienced a decline in private sector job count.
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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