Change in Total Jobs
What does this measure?
The growth or decline in total jobs, shown as a percentage gain or loss from the previous year.
Why is this important?
Job growth is a key indicator of economic health and vitality and reveals whether and by how much an economy is expanding.
How is the region performing?
Total jobs increased by 1.8% in the Mid-Hudson Valley from 2014 to 2015, greater than the state (excluding NYC) increase of 1.3% but less than the national increase of 2.2%. Although the region has had fluctuating growth rates since 2000 (ranging from a high of 2.7% to a low of -2.0%), 2014 to 2015 was the third-largest annual increase in regional jobs since 2000.
From 2014 to 2015, total jobs increased by 2.3% in Orange, 1.6% in Ulster and 1.4% in Dutchess.
Notes about the data
County employment is reported by place of work, not place of residence. Data for this indicator are expected to be released in the fourth quarter.