Manufacturing jobs growing againJanuary 1998
For the first time in more than a decade, New York's manufacturing employment grew on a year-to-year basis in 1997, according to new figures from the state Labor Department.
The state had 922,300 manufacturing jobs in December 1997, an increase of 6,400 -- or 0.7 percent -- from a year earlier, according to data just released by the department. Employment in durable goods manufacturing grew by 7,500, while the nondurable-goods sector lost 1,100 jobs over the year.
From 1985 to 1995, the state lost more than 300,000 manufacturing jobs -- an average of some 30,000 a year. In the last three years, however, state leaders have cut business taxes, made major improvements in the regulatory environment, reduced workers' compensation costs and enacted other reforms to make New York a better place for manufacturers to do business.
Governor Pataki hailed the new job growth Wednesday during a centennial celebration for International Paper Co. The world's largest forest products company and one of New York's largest manufacturing employers, IP marked the occasion with a ceremony at its birthplace, the Hudson River mill in Corinth.
- Facts & Figures About New York's Economy, Public Policy Institute Calculations.
January 29, 1998