A vibrant economy is the foundation of a thriving community. In all cases, comparisons to state statistics reflect the state excluding New York City.
Regional job growth has been strong through the decade overall, despite job losses in 2010.
Between 2001 and 2019, total jobs in the region increased 17%, below the nation (23%) but above the state (12%). Between 2018 and 2019, jobs increased 1.4% in the region and 0.9% in the state, compared to a 1.8% increase for the nation. Sullivan County led the region with a 3.0% increase in jobs in 2019 followed by 2% in Orange and 1.7% in Putnam. While Greene County had a 0.8% decline.
Some of the largest employment sectors in the region added a significant number of jobs between 2001 and 2019.
Industries with the largest gains were Financial Activities (48%), Leisure and Hospitality (44%), Professional and Business Services (41%), and Health Care and Social Assistance (36%), while Government lost jobs (2%). Putnam and Orange counties had the largest total gains at 27% each. Dutchess and Ulster counties had the lowest gains both at 9%.
Spending by county government, after adjusting for inflation, grew 14% from 2000 to 2018.
That compares to a statewide increase of 3%. County government spending per capita for the region was about $2,200 in 2018, compared to $2,500 for the state. From 2000 to 2018, per capita spending increased the most, 22%, in Orange County followed by 20% in Dutchess. Putnam County (8%) was the only county with a decrease in per capita spending from 2000 to 2018. In 2018, Sullivan County had the highest county spending ($4,000), while Putnam had the least ($1,630).
Tourism revenue increased 45% in the region since 2005.
Tourism brought about $3,000 per capita into the region in 2019 and was strongest in Sullivan and Greene counties on a per-capita basis. Adjusted for inflation, tourism revenue per capita declined after the Great Recession in 2008 but has slowly rebounded.
INDICATORS | TREND | STATE |
---|---|
Change in Total Jobs | Increasing |
Employment by Sector | Not Applicable |
Spending for County Government | Increasing |
Tourism Revenue | Increasing |