For the 12-month period ending in May 2016, private sector employment in the Hudson Valley increased by 11,200 or 1.4 percent, to 790,900 – its highest May job count on record (dating back to 1990). Jobs were added in educational and health services (+6,300), natural resources, mining and construction (+4,400), trade, transportation and utilities (+2,300), professional and business services (+1,600), and other services (+1,100). Job losses were mostly centered in information (-1,900), leisure and hospitality (-1,700), and financial activities (-900). The government sector added 1,500 jobs over the period.
Although the job market continued to expand in May 2016 job growth in the region’s private sector slowed down considerably. Year-over-year, the sector is up just 1.4 percent – its weakest output in 2016. Educational and health services and natural resources, mining, and construction remained the region’s leading job generators, accounting for more than 90 percent of all job gains in the private sector. Job growth was also apparent in the professional and business services sector, which grew by 1.5 percent over the period. Impacted by the Verizon strike, the region’s information sector declined by 11.4 percent. Leisure and hospitality continued to show weakness, down 1.9 percent over the period.
Private sector job growth continued to spread throughout the region. Year-over-year, the Kingston MSA posted the strongest growth in May, up 1.7 percent. The Dutchess-Putnam MSA and the Orange-Rockland-Westchester labor market area both came in at 1.5 percent. Sullivan County remained relatively unchanged over the period.
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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