WPCNR LABOR NEWS. From Jonnie Nelson, New York State Department of Labor. March 5, 2010:
Private sector employment in the Hudson Valley decreased 23,100, or 3.2 percent, to 689,900 for the 12-month period ending January 2010. Employment gains were focused in educational and health services (+2,500). Job losses were centered in natural resources, mining and construction (-8,200), trade, transportation and utilities (-5,300), manufacturing (-4,500), professional and business services (-4,100), financial activities (-1,700) and information (-1,300). Government shed jobs (-2,700) over the year.
Analyst’s observation:
The regional job market continues to suffer from this protracted economic downturn. In January 2010, private sector jobs in the Hudson Valley fell over the year by 3.2 percent, a slight improvement from the 3.6 percent drop recorded in January 2009. Construction has been especially hard hit, with the sector accounting for more than a third of all private sector jobs over the period.
