For the 12-month period ending in October 2014, private sector employment in the Hudson Valley Region increased by 0.6 percent or 4,200 jobs. Employment gains were strongest in leisure and hospitality (+3,300), followed by educational and health services (+3,200), and other services (+500). Meanwhile, job losses were centered in natural resources, mining and construction (-1,400), and manufacturing (-900). The government sector shed 2,700 jobs over the year.
As was the case last month, the job picture was mixed in the private sector, with five sectors losing jobs, while four sectors saw job gains. Leisure and hospitality was the region’s leading job generator, up 4.0 percent or 3,300 jobs; its second largest October over the year increase in the last 10 years. Growth in that sector was evident in the Putnam-Rockland-Westchester area, where the sector grew by 5.4 percent or 2,700 jobs. With several hotel projects underway in the area, in addition to the recent opening of a Cambria Suites Hotel in White Plains, the outlook for the sector remains positive. Educational and health services also grew at a decent clip, up 1.7 percent or 3,200 jobs, although almost all the gains occurred in the Putnam-Rockland-Westchester area.
Within the Region, private sector job growth was the fastest in the Kingston MSA (+1.3 percent), followed by the Poughkeepsie-Newburgh-Middletown MSA (+0.6 percent) and the Putnam-Rockland-Westchester labor area (+0.5 percent). Sullivan County’s private sector job count over the period was unchanged.
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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