Wednesday, March 15, 2017

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Unemployment remains low in Hudson Valley

ALBANY – Unemployment in the Hudson Valley this January was comparable to the rate of was one year earlier.

The fact that unemployment has remained stable and new jobs are up, coupled with several months of declining joblessness are all good signs for the economy.

“We are still seeing some positive job numbers as far as private sector is concerned,” said Labor Department analyst John Nelson. “We added 8,000 jobs from January 2016 to January 2017 and when you see 5,400 jobs in professional and business services, a lot of those jobs are good paying jobs so that bodes pretty well for our region.”

The state Labor Department announced the latest rates on Tuesday with Columbia and Rockland counties each had the lowest in the region at 4.3 percent. Rockland dropped by 0.1 of one percent while Columbia stayed the same in 2016 as in the first month of 2017.

Putnam County, at 4.4 percent joblessness, came in second lowest, down 0.1 percent from January 2016.

Placing third lowest were Orange and Westchester counties, both at 4.5 percent. Both counties had the same rates in the same month of last year.

Ulster County had an unemployment rate of 5.0 percent, up 0.2 percent from January of last year while Sullivan County fell 0.3 percent in January from 5.6 percent to 5.3 percent.

Greene County’s joblessness was at 5.6 percent in January, down 0.2 percent from the same month last year.


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