For the 12-month period ending in September 2014, private sector employment in the Hudson Valley Region increased by 0.6 percent or 4,700 jobs. Employment gains were strongest in educational and health services (+3,700), followed by professional and business services (+1,600), leisure and hospitality (+1,500), and other services (+600). Job losses were largest in manufacturing (-1,000), followed by natural resources, mining and construction (-800). The government sector shed 2,600 jobs over the year.
The job picture was mixed in the private sector, with five sectors losing jobs, while four sectors saw job gains. Educational and health services, the region’s largest employment sector was also its fastest growing, up 2.0 percent over the year. Growth in that sector was mostly centered in the Putnam-Rockland-Westchester area, where it grew by 2.8 percent or 3,300 jobs. Strength in the healthcare component was keyed. Recent expansions at several medical facilities in the area could further strengthen growth in that sector. Meanwhile, the region’s manufacturing sector continues to lose jobs. Through the first 9 months of the year, the sector is on pace to decline by about 2.1 percent, noticeably worse than during the same last year when it declined by 0.7 percent.
Within the Region, job growth continued to be the fastest in the Kingston MSA (+1.3 percent), followed by the Poughkeepsie-Newburgh-Middletown MSA and the Putnam-Rockland-Westchester labor area – both up 0.6 percent respectively. Sullivan County’s private sector count over the period was unchanged. Regional private sector employment growth continues to lag that of the state (+1.6 percent) and the nation (+2.3 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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