Developments in the Hudson Valley Labor Market
Over the past year, the private sector job count in the Hudson Valley rose by 34,500, or 4.5 percent, to 801,100 in August 2022. Growth was centered in professional and business services (+10,600), leisure and hospitality (+9,000), educational and health services (+6,000), other services (+3,500), natural resources, mining and construction (+3,400), trade, transportation and utilities (+2,300), manufacturing (+700) and information (+500). Losses were centered in financial activities (-1,500).
Job growth in the region’s private employment sector continued to be broad-based with eight sectors adding jobs for the 12 months through August 2022 while only one reported job losses. Job growth in the region’s professional and business services sector continued to trend upward – up 9.4 percent, year-over-year in August 2022 – a record high for the month. It’s also worth noting that job growth in the natural resources, mining, and construction sector was also impressive, climbing 6.0 percent over the period – its strongest year-over-year August growth since 2015.
Within the region, Sullivan County’s private employment sector grew the fastest year-over-year, up 12.1 percent. The second fastest growth was recorded in the Orange-Rockland-Westchester labor market area (+4.6 percent), followed by the Kingston MSA (+3.3 percent), and the Dutchess-Putnam Metropolitan Division (+2.8 percent).
Contact
For More Information Please Contact:
Johny Nelson
NYS Department of Labor
120 Bloomingdale Road, Room 218
White Plains, NY 10605
Phone: (914) 997-9571
Fax: (914) 997-4107
Email: [email protected]