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 the decline during the Great Recession, Ulster County is now at its highest level since 2007. 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 and nation throughout the decade and in recent years.
Ulster saw an increase in job growth in 2015, the third consecutive year since 2013. Between 2000 and 2015, jobs in Ulster increased 8%, on par with the state. Orange led the region with a 19% increase.
Just three of the five largest employment sectors in the region added more jobs between 2001 and 2015.
Industries with largest gains between 2001 and 2015 included Financial Activites (36%), Leisure and Hospitality (24%) and Professional Business Services (37%). Industries that saw declines were Government and Trade, Transportation, and Utilities (down 6% and 2% respectively).
From 2000 to 2015, spending by county government in Ulster grew at a slower rate than the state and region.
County government spending per capita in Ulster was about $1,840 in 2015, compared to $2,150 in the state. From 2000 to 2015, spending in Ulster increased 3% compared to a 15% increase in the region. Orange ($2,200) had the highest county spending in 2015 while Dutchess ($1,570) 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 $2,960 per resident in 2015, compared to $1,930 for the state. Tourism revenue was lower in both Orange and Dutchess at $1,200 and $1,790, respectively. Tourism spending in Ulster increased 14% since 2005, the only increase in the region.