National job-growth rates have exceeded those in New York for the first time in six years, according to a new report New York State Comptroller Thomas DiNapoli released today. DiNapoli’s report, entitled “Employment Trends in New York State,” noted that New York added 110,000 jobs between June 2012 and June 2013. But over […]
National job-growth rates have exceeded those in New York for the first time in six years, according to a new report New York State Comptroller Thomas DiNapoli released today.
DiNapoli’s report, entitled “Employment Trends in New York State,” noted that New York added 110,000 jobs between June 2012 and June 2013.
But over the same period, national job-growth rates exceeded New York’s rates in nearly every major employment sector, including professional services, leisure and hospitality, trade, transportation and utilities, financial activities, and mining, logging, and construction.
The “good news” is that New York’s job count has increased above its pre-recession levels, DiNapoli said in a news release.
“The bad news is that, over the past year, we have fallen short of the national growth rate in several major employment sectors. New York, like much of the nation, is still struggling to generate the well-paying, secure jobs that workers at various skill levels and experience need and deserve,” DiNapoli said.
The report also analyzed New York employment data over the past six years.
From 2007 through 2011, private-sector job trends were more favorable in New York than nationwide, partly because of sharp housing-market declines in some other areas of the nation that didn’t occur in New York.
Private-sector jobs in New York rose 1.5 percent during this period while employment nationwide declined 3.1 percent.
New York also retains a significant advantage in personal income per capita, at $52,095 in 2012 compared to a national average of $42,693, the DiNapoli report said.
Regionally, the state’s employment picture remains “uneven,” according to the state comptroller.
In the period from 2007 through 2012, private employment increased in New York City, the Ithaca region, the Capital District and the Buffalo-Niagara region. In the same time period, regions including Syracuse, Utica–Rome, Binghamton, Elmira, and Kingston “experienced sizeable declines” in private-sector employment.
Private-sector employment declined more than 3 percent in the Syracuse region, nearly 4 percent in the Utica–Rome area, and nearly 7 percent in the Binghamton region, the data in the DiNapoli report indicates.
Contact Reinhardt at ereinhardt@cnybj.com
