The first decade of the new millennium started off on a high note as the Internet-fueled tech bubble that began in the 1990s continued to elevate the overall economy. However, soon the bubble burst, and a severe national recession soon followed, devastating both labor and financial markets.
After a modest five-year recovery, a second, more severe recession—dubbed the "Great Recession"—again shattered markets and had the distinction of being the longest U.S. economic downturn since the 1930s. With a tech bubble and the worst U.S. economic downturn in over 70 years serving as bookends, it is easy to understand why some analysts refer to 2000-2010 as a "lost decade" for American workers.
This new report from the New York State Department of Labor’s Division of Research and Statistics examines what happened to labor markets here in New York State over 2000-2010. The report consists of:
Read: Appendix C: Employment Trends in New York State Regions, Metro Areas and Non-Metro Counties, 2000-2010
or select a specific region from the table below.
|Region||Includes data for:|
|Trends in New York State||Statewide only|
|Trends in the Capital District
||Albany-Schenectady-Troy and Glens Falls MSAs; Columbia and Greene Counties|
|Trends in Central New York
||Syracuse MSA; Cayuga and Cortland Counties|
|Trends in the Finger Lakes
||Rochester MSA; Genesee, Seneca, Wyoming, and Yates Counties|
|Trends in the Hudson Valley
||Kingston and Poughkeepsie-Newburgh-Middletown MSAs; Putnam-Rockland-Westchester Labor Market Area; Sullivan County|
|Trends in Long Island
||Nassau-Suffolk Metropolitan Division|
|Trends in the Mohawk Valley
||Utica-Rome MSA; Fulton, Montgomery, and Otsego Counties|
|Trends in New York City
||New York City Labor Market Area|
|Trends in the North Country
||Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis, and St. Lawrence Counties|
|Trends in the Southern Tier
||Binghamton and Ithaca MSAs; Chemung, Chenango, Delaware,Schuyler, and Steuben Counties|
|Trends in Western New York
||Buffalo-Niagara Falls MSA; Allegany, Cattaraugus, and Chautauqua Counties|
This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the grantee and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.
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