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||ADVANCE FOR LABOR DAY WEEKEND (Sent Thursday, August 31, 2006)
NEW YORK LAGS IN BOTH SHORT-TERM AND LONG-TERM EMPLOYMENT TRENDS,
NEW 'JUST THE FACTS' SHOWS
ALBANYNew York State ranks behind most other states in keeping and creating jobs, both in the short term and over the past 10 years, a new Just The Facts data compilation by the Public Policy Institute of New York State shows.
From 1995 through 2005, overall private-sector employment in New York rose 8.7 percent, according to the Institute's analysis of data from the federal Bureau of Labor Statistics. Upstate's private-sector job growth was barely more than half that level, at 4.8 percent. Both figures are far below the national average of 14.1 percent for the period. Just The Facts also shows employment trends for the past three years, and the past year. New York State, and the Upstate region in particular, lag well behind the nation's performance for those periods, as well.
New York ranks near the bottom of the states in manufacturing trends. Over the 10 years ending in 2005, manufacturing employment in the Empire State dropped by 28.4 percent. Nationally, the loss was 17.5 percent. New York's manufacturing job losses were also among the worst in the nation over both the last three years, and the past year.
Just The Facts presents employment data for eight private-industry sectors. Over the past 10 years, New York's highest-ranking sector when compared to those in other states is construction. Employment in that sector boomed nationwide, rising by 38 percent. Construction employment in New York rose 28.7 percent, placing the state 30th in the nation.
New York ranks 35th among the states for 10-year employment growth in the information sector, which includes telecommunications, software, publishing and related industries. Information-sector employment in the state rose 1.4 percent over the decade, compared to 7.8 percent nationally. Upstate, however, jobs in the information sector declined by 9.3 percent.
Over the past three years, New York ranked 36th among the states for employment growth in the financial sector, a key player in the state's economy. In 2005, New York produced new financial jobs at a slightly higher rate than the nation as a whole. Over the last 10 years, the state lost jobs in the financial sector, partly because of the terrorist attacks on September 11, 2001.
Just The Facts shows that employment trends Upstate have been consistently worse than those throughout the state and nation. Excluding health-care and social-services employment, much of which is supported by taxpayers, Upstate's private-sector job growth from 1995 to 2005 was lower than that of all but three states. In the last three years, such "adjusted" private-sector employment figures show Upstate failing to create any net, new jobs at all.
The new Just The Facts also includes these statistics:
- Employment in professional and business activities rose 23.2 percent in New York from 1995 to 2005, compared to 31.4 percent nationally. The state ranked 40th or 41st among all the states for employment growth over 10 years, three years and one year.
- Employment in the trade, transportation and utilities sector rose 3.4 percent in New York over the last 10 years, compared to 8.7 percent nationally.
- In health and social services, employment in New York rose 19.5 percent over the 10 years studied. The nationwide increase was 28.8 percent. Hospital employment in New York was the same in 2005 as a decade earlier, rising slightly over the last three years and one year.
- Government employment in New York rose by 5 percent from 1995 through 2005. Upstate, the increase was 7.8 percent.
Just The Facts is available at http://www.ppinys.org/reports/JustTheFacts.html.