Battling back from the recession in 2008 and 2009, New York added 538,000 jobs since 2009 and last year had the strongest growth since 2000 with 143,000 jobs added, the report f...om state Comptroller Thomas DiNapoli found.
Graph:Change in labor force by region, 2009-14
Change in labor force by region, 2009-14 In fact, New York City gained three out of four new statewide jobs from 2009 to 2014, while four upstate regions — the Southern Tier, central New York, the Mohawk Valley, and the North Country – lost jobs over the five-year period, DiNapoli said.
The other upstate regions, including the Finger Lakes and the Hudson Valley — added jobs at rates less than half the national average during the same stretch.
Jobs increased 2.4 percent in the Hudson Valley, 2.1 percent in the Finger Lakes and 1.5 percent in western New York over the five years, but were down 2.2 percent in the Southern Tier.
Hudson Valley “Six years after the Great Recession, growth is steady statewide, but some specific regions are still struggling,” DiNapoli said in a statement. “While unemployment has dropped sharply, more New Yorkers are relying on part-time jobs or have dropped out of the labor force.”
Indeed, while the state’s unemployment rate fell to 5.5 percent in June — slightly above the national rate of 5.3 percent — the labor force fell by 78,000 workers to about 9.5 million from 2009 through 2014, a decline of nearly 1 percent, while the nation added almost 2 million workers, a 1.2 percent increase.
the state’s unemployment rate fell to 5.5 percent The report showed the ongoing dichotomy in the New York economy: The city keeps humming along, while upstate largely remains mired in an economic malaise.
More:How to get the top jobs in the Hudson Valley
How to get the top jobs in the Hudson Valley “While the statewide number of jobs has been growing at a healthy pace, the picture varies sharply from region to region,” the report said.
Job growth was highest in the leisure and hospitality sector, up nearly 22 percent over the five years.
The biggest percentage decrease over the five years was in the manufacturing sector, a drop of 5 percent.
The loss of government jobs also outpaced the national rate: New York saw a decline of 87,000 federal, state and local governments positions, falling from the sector from second to third as New York’s largest employment sector.
Employment in natural resources and mining increased by almost 30 percent nationwide, but dropped slightly in New York. New York has not allowed for hydraulic fracturing for natural gas, citing environmental concerns, while the industry has boomed in other states.
“Since this industry sector includes oil and gas extraction, the large increase in domestic oil and natural gas production over the past five years contributed to this significant employment growth at the national level,” DiNapoli’s report said.
Wages, meanwhile, rose 14 percent statewide from 2009 to 2014, ahead of the 10.3 percent inflation rate.
Read the full story