A vibrant economy is the foundation of a thriving community.
In this section, we highlight trends for 4 indicators: 1) job growth or loss; 2) major employment sectors; 3) spending by county government; and 4) tourism revenue.
In all cases, comparisons to state statistics reflect the state excluding New York City.
Despite a small decline in jobs over the past year, regional job growth has been strong through the decade. Most major employment sectors have experienced job growth, with the strongest growth in financial activities, professional and business services and health care/social assistance. Country government spending is rising throughout the region. Tourism revenues have slipped since 2005 in the region, with Ulster having the only increase.
Regional job growth has been strong through the decade overall, despite job losses in 2009.
Between 2001 and 2014, total jobs in the region increased 12%, on par with the nation and above the state (7%). Between 2013 and 2014, jobs increased 1.3% in the region and 0.9% in the state, compared to a 1.9% increase for the nation. Orange County led the region with a 2.5% increase in jobs in 2014 followed by 1.9% in Ulster and a 0.5% decline in Dutchess.
Some of the largest employment sectors in the region added a significant number of jobs between 2001 and 2014.
Industries with the largest gains were Educational Services (40%). Financial Activities (32%), Professional and Business Services (26%), and Health Care and Social Assistance (24%). Manufacturing lost jobs at a greater rates (35%).
Spending by county government grew 12% from 2000 to 2014.
That compares to a statewide increase of 9%. County government spending per capita for the region was about $1,900 in 2014, compared to $2,100 for the state. From 2000 to 2014, per capita spending increased 20% in Orange County, 7% in Dutchess and stayed flat in Ulster. In 2014, Orange County had the highest county spending ($2,140), followed by Ulster ($1,790) and Dutchess ($1,530) counties.
Tourism revenue declined 1% over the past 10 years in the region.
Tourism revenue grew from $1,700 per capita in 2005 to $1,800 in 2007, but fell to $1,500 in 2009, about $200 below the state level. In 2014, tourism revenue was much greater in Ulster County at $2,800, compared to $1,700 in Dutchess and $1,200 in Orange counties.