Hudson Valley Lost 58,000 Private Sector Jobs in Past Year 

The New York State Department of Labor reports that the Hudson Valley lost 58,100 private sector jobs between March 2020—the start of the COVID-19 pandemic in New York— and March 2021. During that one-year period the region’s workforce shrank by 7.3%, to 732,800. The Hudson Valley region did gain 9,200 jobs as of March 2021 as compared to a month earlier. 

Employment losses year-to-year were greatest in educational and health services (-16,500), leisure and hospitality (-15,800), trade, transportation and utilities (-8,500), other services (-5,700), natural resources, mining and construction (-3,800), financial activities (-3,500), manufacturing (-2,400), information (-1,400) and professional and business services (-500). 

Within the region, Sullivan County’s private employment sector declined the fastest year-over-year, down 8.2%. It was followed by the Dutchess-Putnam MSA and the Kingston MSA, both respectively down 8.1%, and the Orange-Rockland-Westchester labor market area (-7.1%). Access the latest state labor statistics.

read more…

hgar.com