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.
Ulster County lost jobs in eight of the past twelve years, including every year since 2008. Most major employment sectors have experienced job loss, though there was growth for educational services and leisure and hospitality. County government spending increased over the decade. Ulster County was the only county in the region that saw increases in tourism revenues since 2005.
Job growth has lagged behind the region, state, and nation throughout the decade and in recent years.
Ulster saw an increase in job growth in 2014, the first year since 2007. Between 2000 and 2014, jobs in Ulster increased 1.9%, on par with the nation. Orange led the region with a 2.5% increase.
Just three of the six largest employment sectors in the region added more jobs between 2001 and 2014.
Industries with largest gains between 2001 and 2014 included Educational Services (35%), Leisure and Hospitality (20%) and Health Care and Social Services (12%). Industries that saw small declines were Government and Trade, Transportation, and Utilities (down 5% and 4% respectively). Industries with the largest losses include Information (-48%) and Manufacturing (-41%).
From 2000 to 2014, spending by county government in Ulster grew at a slower rate than the state.
County government spending per capita in Ulster was about $1.790 in 2014, compared to $2,150 in the state. That amount was 5% lower compared to 2013 after adjusting for inflation. From 2000 to 2014, spending in Ulster remained steady compared to a statewide increase of 9%. Orange ($2,140) had the highest county spending in 2014 while Dutchess ($1,530) had the lowest.
Tourism revenue peaked in 2007 before declining to 2005 levels in 2010, but there’s been growth in the last few years.
Revenue from tourism was higher for Ulster County at $2,850 per resident in 2014, compared to $1,890 for the state. Tourism revenue was lower in both Orange and Dutchess at $1,200 and $1,700, respectively. Tourism spending in Ulster increased 10% since 2005, the only increase in the region.