WPCNR QUILL & EYESHADE. From The New York State Department of Labor. July 20. 2012:
Private sector employment in the Hudson Valley Region increased 11,700 or 1.6 percent, to 754,100 for the 12-month period ending June 2012. Employment gains were recorded in educational and health services (+5,600), leisure and hospitality (+4,500), trade, transportation and utilities (+3,000), professional and business services (+2,200), other services (+600), and financial activities (+500). Meanwhile, job losses were centered in the following industries: natural resources, mining and construction (-2,600), manufacturing (-1,400), and information (-700). The Government sector shed 700 jobs over the year.
Labor market analyst observations
The regional job market continues to grow, albeit at a slower pace. For the 12-month period ending in June 2012, private sector job count in the region grew by 1.6 percent or 11,700 jobs. Nonetheless, job growth continues to be broad-based, with more industries reporting job gains than losses.
Educational and health services, leisure and hospitality, professional and business services, and trade, transportation and utilities are the area’s leading job generators.
Meanwhile, job losses in construction remain a concern, as the sector has yet to fully recuperate from the collapse of the housing market. Through the first six months of the year, this sector averaged a 3.5 percent decline over the same period in the prior year.