Hudson Valley Jobs #s: No Manufacturing Revival Yet
New York’s Department of Labor has released its latest jobs numbers for the Hudson Valley. For the 12-month period ending in November 2016, private sector employment in the Hudson Valley increased by 4,700 or 0.6 percent, to 796,400. Those gains were not in the manufacturing sector however, which lost 1,100 jobs. Job losses were also found in natural resources, mining, and construction (-2,900), financial activities (-900), other services (-700), and information (-500). In November 2016, the region’s private sector job count came in a little weaker than expected. Private sector employment grew by just 0.6 percent – its weakest November over-the-year growth since 2009. More industry sectors reported losses than gains, with a ratio of five to four. The education and health services sector continued to be region’s leading job generator, up 2.7 percent year-over-year. Employment growth in the leisure and hospitality sector (+3.4 percent) was quite apparent – strongest November year-over-year growth since 2013.
