For the 12-month period ending in December 2014, private sector employment in the Hudson Valley increased by 5,700, or 0.8 percent, to 760,400. Employment gains were strongest in leisure and hospitality (+3,500), educational and health services (+2,700), natural resources, mining and construction (+2,100), and other services (+700). Meanwhile, job losses were centered in financial activities (-1,000), trade, transportation and utilities (-1,000), manufacturing (-800) and professional and business services (-500). The government sector shed 2,800 jobs over the year.
The job picture in the private sector continues to be mixed, with an equal of number of sectors posting gains and losses. The four growing sectors all had year over year increases of more than 1.3 percent. Leisure and hospitality remains the region’s leading job generator. The region’s construction industry reported its strongest December year-to-year growth in 8 years, up 5.3 percent or 2,100 jobs.
Private sector job growth was fastest in the Kingston MSA (+2.2 percent), the Poughkeepsie-Newburgh-Middletown MSA (+0.9 percent), and the Putnam-Rockland-Westchester labor area (+0.6 percent). Sullivan County (-0.5 percent) was the only area in the region that experienced a decline in private sector jobs.
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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