screen-shot-2014-07-17-at-3-14-21-pm-150x150-3139018New York State’s year-over-year private sector job creation rate remained behind the national average in June, according to data released today by the state Labor Department. 

During the 12 months ending in June, New York gained 137,300 jobs — a 1.8 percent gain statewide during a period when the U.S. averaged a net private employment increase of 2.2 percent. This is based on seasonally non-adjusted monthly data, which provide for regional comparisons. (In map at left, counties with dark shading had low or no job growth.)

The year-over-year statistics tell what’s become a very familiar story

  • New York City (up 2.8 percent) accounted for 70 percent of the statewide job gain.
  • Long Island (+1.7 percent) was considerably stronger than Putnam-Rockland-Westchester (+0.6 percent), although growth improved in the mid-Hudson Valley, where private employment grew 2.3 percent in the Poughkeepsie-Newburgh-Middletown metro area.
  • Growth in the 50 counties of upstate was just above 0.5 percent, less than one-quarter the national rate. The strongest upstate metro area was Kingston, up 2.8 percent, while job losses were reported for Elmira, Glens Falls and Syracuse.
  • New York’s manufacturing sector lost another 6,000 jobs, or 1.3 percent. That ran counter to a national trend that saw manufacturing firms boosting employment by 129,000 jobs, or 1 percent, during the same period.

The summary from the official press release:

screen-shot-2014-07-17-at-3-13-41-pm-300x174-7720908

screen-shot-2014-07-17-at-4-28-31-pm-300x203-3011862

 

About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

Read more by E.J. McMahon

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