SPECIAL REPORT EMPLOYMENT IN THE HUDSON VALLEY 2011 MARIST COLLEGE Dr. Christy Huebner Caridi Bureau of Economic Research School of Management Poughkeepsie, New York 12601 Edited by Leslie Bates March 2011 This report is available on the Bureau of Economic Research homepage at http://www.marist.edu/management/bureau The support of student research assistant Sarah Greenberg and Kristen Sandberg and student intern Brian Day is acknowledged and appreciated. While every effort has been made to ensure that the information in this report is accurate, Marist College cannot be held responsible for any remaining errors. Hudson Valley Employment Annual Update Over the 10-year period ending in 2011, private-sector job creation in the Hudson Valley grew at an annualized rate of less than two tenths of one percent (.14 percent). Nearby regions witnessed similar results with the New York City Region posting the highest rate of growth at .82 percent followed by the Long Island and Capital regions at .25 percent and .22 percent, respectively. Statewide, private-sector job creation grew at an annualized rate of .32 percent per year. Across the state, the annual rate of job creation ranged from a high of 1.81 percent in Schuyler County to a low of -1.45 percent in Hamilton County. Overall, eight counties reported private-sector job growth greater than one percent per annum while half of all counties reported zero to negative job growth rates. Over the same 10-year period, public-sector job creation in the Hudson Valley contracted at an annualized rate of -.21 percent compared to a -.23 percent contraction statewide. Nearby regions—New York City, Long Island and Capital—posted similar results. Anemic job growth in both the private and public sectors placed downward pressure on wage growth. Over the 10-year period, private-sector wages in the Hudson Valley grew at an annualized rate of 2.84 percent compared to a 2.98 percent rate of growth in the Long Island Region and a 2.96 percent rate of growth in the Capital Region. Wage growth in the New York City Region was somewhat higher at 3.44 percent while statewide, the average annual privatesector wage grew at an annual rate of 3.32 percent. Across the state, the annual rate of wage growth ranged from a high of 4.23 percent in Orleans County to a low of 1.07 percent in Niagara County. Overall, three counties—5 percent of all counties—reported wage growth in excess of 4 percent per annum; 23 counties—37 percent of all counties—reported wage growth between 4 and 3 percent while 36 counties—58 percent of all counties—reported private-sector wage growth of less than 3 percent per year. Region-wide, private-sector employment is dominated by three sectors—education and health services, trade, transportation and utilities and professional and business services. Since 2002, the portion of total private-sector employment supplied by these three sectors has expanded from 58.25 percent of all private-sector employment to 61.83 percent in 2011. Over the period, the three sectors combined grew at an annualized rate of .81 percent. The education and health services sector generated the highest level of job growth at 1.84 percent followed by the professional and business services sector at .74 percent. The rate of job growth in the trade, transportation and utilities sector was -.10 percent. Over the period, the average wage grew at an annualized rate of 3.32 percent, 3.24 and 2.10, respectively. Across the Hudson Valley, employment in the manufacturing sector declined at an annual rate of 3.52 percent resulting in the loss of 18,311 manufacturing jobs and a diminishing presence in the Valley. Since 2002, the share of private-sector employment represented by manufacturing has fallen 2.70 percentage points from 9.48 percent in 2002 to 6.78 percent in 2011. The aggregate wage bill at 10.63 percent of total private-sector wages (2011) continues to be an important albeit declining source of wage income. Within the region, Ulster County reported the largest rate of decline at 4.70 percent followed by Dutchess and Westchester counties at 4.59 percent and 4.23 percent, respectively. As of year-end 2011, employment in the Hudson Valley accounted for 10.23 percent of all jobs in New York State compared to 10.28 percent of all jobs in 2010. Year over year, the job count rose from 857,286 in 2010 to 863,769 in 2011 while the average annual (all-industry) wage increased 1.47 percent from $53,379 to $54,166.Over the same period, the job count in New York State advanced—from 8,341,310 to 8,442,101—and the average annual (all-industry) wage increased 2.54 percent from $60,263 to $61,792. Overall, the region’s average annual privatesector wage ($52,530) was 110.00 percent of the average annual private-sector wage in the U.S. ($47,815), 83.28 percent of the average annual private-sector wage in New York State ($63,077) and 85.13 percent of the region’s average annual public-sector wage ($61,707). As of year-end 2011, 82.17 percent of all jobs were in the private sector with education and health services, trade, transportation and utilities and professional and business services accounting for 61.83 percent (438,840) of this total. Year over year, the number of jobs increased (2.95 percent) in the professional and business services sector, (2.11 percent) in the trade, transportation and utilities sector and (1.22 percent) in the education and health services sector. The average annual wage ranged from a high of $77,291 in the professional and business services sector to a low of $41,406 in the trade, transportation and utilities sector. The public sector accounted for 17.83 percent of all jobs, down from 18.61 percent in 2010. Year over year, the job count fell (5,551) from 159,560 in 2010 to 154,009 in 2011 while the average annual wage advanced 2.01 percent from $60,489 to $61,707. A little over 12 percent (12.72 percent) of all private-sector jobs were in high-wage industries—defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid —compared to 12.75 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the top four sectors rose 1.50 percent from 88,963 in 2010 to 90,295 in 2011. The job count increased in three of the four high-wage industries including management of companies and enterprises (4.62 percent), finance and insurance (1.03 percent), and professional and business services (1.48 percent) and fell in the utilities sector (2.69 percent). The average annual wage in the top four at $108,241 was two times as large as the average annual private-sector wage ($52,530) and almost four times the average annual wage paid in the bottom four ($27,535). Within the region, Dutchess County has the highest relative share of high-wage jobs at 16.00 percent of total private-sector employment followed by Westchester and Rockland counties at 13.00 and 12.60 percent, respectively. Orange County has the lowest relative share at 6.10 percent. The wage spread between the high- and low-wage sectors is the highest in Westchester County (4.72 times), followed by Dutchess County at 4.00 times and Rockland County at 3.20 times. The lowest wage spread—between high- and lowwage sectors—occurred in Ulster County at 2.18 times. During the same period, 32.01 percent of all private-sector jobs were in low-wage industries—defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage paid—compared to 31.64 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the bottom four increased 2.91 percent from 220,742 in 2010 to 227,173 in 2011. The job count increased in all low-wage industries including other services (2.54 percent), retail trade (2.12 percent), arts, entertainment and recreation (1.87 percent), and accommodation and food services (4.94 percent).The average annual wage in the bottom four sectors at $27,535 was 52.42 percent of the average annual private-sector wage and, as noted above, one-fourth (25.44 percent) of the average annual wage paid in the top four sectors. Hudson Valley Employment 2002-2011 Over the 10-year period ending in 2011, private-sector job creation in the Hudson Valley grew at an annualized rate of less than two tenths of 1 percent (.14 percent). Nearby regions witnessed similar results with the New York City Region posting the highest rate of growth at .82 percent followed by the Long Island and Capital regions at .25 percent and .22 percent, respectively. Statewide, private-sector job creation grew at an annualized rate of .32 percent per year. Across the state, the annual rate of job creation ranged from a high of 1.81 percent in Schuyler County to a low of -1.45 percent in Hamilton County. Overall, eight counties reported private-sector job growth greater than 1 percent per annum while half of all counties reported zero to negative job growth rates. The rate of private-sector job growth in Putnam County at .93 percent ranked ninth in the state and was the highest in the Hudson Valley Region. Orange County ranked second in the region at .86 percent followed by Rockland County at.47 percent. Statewide, Orange ranked 12th while Rockland ranked 20th. In Sullivan and Westchester counties the rate of job growth was not significantly different from zero while job growth fell in both Dutchess (-.29 percent) and Ulster (-0.93 percent) counties. Relative to state, Sullivan ranked 28th, Westchester ranked 29th, Dutchess ranked 39th and Ulster ranked 54th . Over the same 10-year period, public-sector job creation in the Hudson Valley contracted at an annualized rate of -.21 percent compared to a -.23 percent contraction statewide. Nearby regions—New York City, Long Island and Capital—posted similar results. Anemic job growth in both the private and public sectors placed downward pressure on wage growth. Over the 10-year period, private-sector wages in the Hudson Valley grew at an annualized rate of 2.84 percent compared to a 2.98 percent rate of growth in the Long Island Region and a 2.96 percent rate of growth in the Capital Region. Wage growth in the New York City Region was somewhat higher at 3.44 percent while statewide, the average annual privatesector wage grew at an annual rate of 3.32 percent. Across the state, the annual rate of wage growth ranged from a high of 4.23 percent in Orleans County to a low of 1.07 percent in Niagara County. Overall, three counties—5 percent of all counties—reported wage growth in excess of 4 percent per annum; 23 counties—37 percent of all counties—reported wage growth between 4 and 3 percent while 36 counties—58 percent of all counties—reported private-sector wage growth of less than 3 percent per year. Within the region, Westchester County reported the highest rate of private-sector wage growth at 2.97 percent (state rank 27th) followed by Ulster County (2.95 percent), Sullivan County (2.91 percent), Rockland County (2.88 percent), Putnam County (2.72 percent) and Orange County (2.63 percent). Dutchess County reported the lowest rate of growth at 2.39 percent. Private-sector employment in the Hudson Valley is dominated by three sectors— education and health services, trade, transportation and utilities and professional and business services. Since 2002, the portion of total private-sector employment supplied by these three 1 sectors has expanded from 58.25 percent of all private employment to 61.83 percent in 2011. Over Annualized Rate of Job Growth Dominant Sectors 2002‐2011 Dutchess County 1.76% 1.88% ‐0.91% Orange County 1.00% Putnam County 1.16% Rockland County 1.55% 0.25% 1.11% 2.97% Sullivan County ‐1.16% Ulster County Westchester County ‐0.13% ‐0.40% Hudson Valley Region ‐0.10% Education and Health 1.89% 0.84% ‐0.60% 2.68% 2.23% 2.43% 2.47% 1.75% 0.18% 1.84% 0.74% Trade, Transportation and Utilities Business and Professional the period, the three sectors combined grew at an annualized rate of .81 percent. The education and health services sector generated the highest level of job growth at 1.84 percent followed by Annualized Rate of Wage Growth Dominant Sectors 2002‐2011 Dutchess County Putnam County Rockland County Sullivan County Ulster County Westchester County Hudson Valley Region Education and Health 3.61% 3.66% 2.18% Orange County 2 4.93% 1.87% 1.86% 5.04% 1.39% 1.41% 2.56% 3.17% 2.07% 2.30% 2.81% 2.85% 2.68% 2.45% 1.88% 4.13% 3.14% 2.10% Trade, Transportation and Utilities 3.77% 3.32% 3.24% Business and Professional the professional and business services sector at .74 percent. The rate of job growth in the trade, transportation and utilities sector was -.10 percent. Over the period, the average wage grew at an annualized rate of 3.32 percent, 3.24 and 2.10, respectively. Within the region, the job count in the education and health services sector grew the fastest in Sullivan County ( 2.97 percent) followed by Orange County (2.68 percent) and Putnam County (2.43 percent). The job count in trade, transportation and utilities grew in Putnam (1.16 percent), Orange (1.00 percent), and Rockland (.25 percent) and fell across the balance of the region. The rate of job growth in the professional and business services sector was positive in all but Ulster County. Wage growth was positive across all three sectors and all seven counties. Region-wide, employment in the manufacturing sector declined at an annual rate of 3.52 percent resulting in the loss of 18,311 manufacturing jobs and a diminishing presence in the Annualized Rate of Job and Wage Growth Manufacturing Sector 2002‐2011 Dutchess County ‐4.59% 3.59% ‐2.41% Orange County 2.48% 0.41% Putnam County Rockland County 3.40% 2.63% 2.55% Sullivan County Ulster County Westchester County Hudson Valley Region 1.89% ‐2.48% ‐4.70% 3.05% ‐4.23% 3.99% ‐3.52% 3.30% Job Growth Wage Growth Valley. Since 2002, the share of private-sector employment represented by manufacturing has fallen 2.70 percentage points from 9.48 percent in 2002 to 6.78 percent in 2011. The aggregate Manufacturing Dutchess County Orange County Putnam County Rockland County Sullivan County Ulster County Westchester County Hudson Valley Region Percent of Total Private‐Sector Employment Average Annual Employment 2002 2011 2002 2011 18.36% 9.48% 7.41% 13.21% 5.29% 11.94% 6.12% 9.48% 12.35% 7.04% 7.08% 10.11% 6.65% 8.42% 4.13% 6.78% 16,714 9,044 1,373 11,793 1,001 5,669 20,817 66,411 10,954 7,258 1,425 9,410 1,264 3,677 14,114 48,102 Data Source: New York State Department of Labor QCEW Series; author calculations wage bill at 10.63 percent of total private-sector wages (2011) continues to be an important albeit declining source of wage income. Within the region, Ulster County reported the largest rate of decline at 4.70 percent followed by Dutchess and Westchester counties at 4.59 percent and 4.23 percent, respectively. 3 Hudson Valley Employment 2010-2011 In the year 2011, employment in the Hudson Valley accounted for 10.23 percent of all jobs in New York State compared to 10.28 percent of all jobs in 2010. Year over year, the job count rose from 857,286 in 2010 to 863,769 in 2011 while the average annual (all-industry) wage increased 1.47 percent from $53,379 to $54,166.Over the same period, the job count in New York State advanced—from 8,341,310 to 8,442,101—and the average annual (all-industry) wage increased 2.54 percent from $60,263 to $61,792. Overall, the region’s average annual private-sector wage ($52,530) was 110.00 percent of the average annual private-sector wage in the U.S. ($47,815), 83.28 percent of the average annual private-sector wage in New York State ($63,077) and 85.13 percent of the region’s average annual public-sector wage ($61,707). The private sector accounted for 82.17 percent of all jobs in 2011 and was dominated by three super-sectors: education and health services; trade, transportation and utilities; and professional and business services. Collectively these three super-sectors accounted for 61.83 percent (438,840) of the total private-sector job count in 2011. Year over year, the number of jobs increased 2.95 percent in the professional and business services sector, 2.11 percent in the trade, transportation and utilities sector and 1.22 percent in the education and health services sector. The average annual wage ranged from a high of $77,291 in the professional and business services sector to a low of $41,406 in the trade, transportation and utilities sector. Average Annual Employment Education and Health Services Trade, Transportation and Utilities Professional and Business Services Percent of Private-Sector Employment Percent of Private-Sector Wages Average Annual Wages 2011 2010 2011 2010 2011 2010 2011 2010 172,790 170,708 24.34% 24.47% 21.20% 21.04% $45,748 $44,502 171,541 168,004 24.17% 24.08% 19.05% 18.97% $41,406 $40,765 94,509 91,805 13.32% 13.16% 19.59% 19.41% $77,291 $76,351 Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 17.83 percent of all jobs in 2011, down from 18.61 percent in 2010. Year over year, the job count fell (5,551) from 159,560 in 2010 to 154,009 in 2011 while the average annual wage advanced 2.01 percent from $60,489 to $61,707. In the year 2011, 12.72 percent of all private-sector jobs were in high-wage industries—defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 12.75 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the top four sectors rose 1.50 percent from 88,963 in 2010 to 90,295 in 2011. The job count 4 increased in three of the four high-wage industries including management of companies and enterprises (4.62 percent), finance and insurance (1.03 percent), and professional and business services (1.48 percent) and fell in the utilities sector (2.69 percent). The average annual wage in the top four at $108,241 was two times as large as the average annual private-sector wage ($52,530) and almost four times the average annual wage paid in the bottom four ($27,535). Percent of Total Employment Percent of Aggregate Private-Sector Wages 2011 2010 2011 2010 High-Wage Industries 12.72% 12.75% 26.21% 26.12% Low-Wage Industries 32.01% 31.64% 16.78% 16.56% Data Source: New York State Department of Labor, QCEW Series; author calculations In the year 2011, 32.01 percent of all private-sector jobs were in low-wage industries— defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage paid—compared to 31.64 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the bottom four increased Annual Average Wages 2.91 percent from 220,742 in 2010 to Wages 227,173 in 2011. The job count Data Source: New York State Department of Labor, QCEW Series; author calculations increased in all low-wage industries 2011 2010 including other services (2.54 Private Sector $52,530 $51,753 percent), retail trade (2.12 percent), Public Sector $61,707 $60,489 High-Wage Industries $108,241 $106,031 arts, entertainment and recreation Low-Wage industries $27,535 $27,085 (1.87 percent) and accommodation and food services (4.94 percent).The average annual wage in the bottom four sectors at $27,535 was 52.42 percent of the average annual private-sector wage and, as noted above, one-fourth (25.44 percent) of the average annual wage paid in the top four sectors. 5 Dutchess County 2010-2011 In the year 2011, Dutchess County accounted for 12.75 percent of all jobs in the Hudson Valley and 1.30 percent of all jobs in New York State. Year over year, the job count fell from 110,154 in 2010 to 110,135 in 2011 while the average annual (all-industry) wage increased from $47,676 to $48,785. Overall, the average annual private-sector wage ($47,345) was 90.13 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 75.06 percent of the average annual private-sector wage in New York State ($63,077) and 86.49 percent of the average annual public-sector wage ($54,742). The private sector accounted for 80.52 percent (88,685) of all jobs in 2011 and was dominated by three super-sectors: education and health services; trade, transportation and utilities; and manufacturing. Collectively these three industry groups accounted for 60.90 percent (54,006) of the total private-sector job count in 2011 compared to 60.76 percent (53,470) of all private-sector jobs in 2010. Year over year, the number of jobs increased in the education and health services sector (2.15 percent) and the trade, transportation and utilities sector (0.43 percent) and fell in the manufacturing sector (0.70 percent). The average annual wage ranged from a high of $102,415 in the manufacturing sector to a low of $33,639 in the trade, transportation and utilities sector. Average Annual Employment 2011 Education and Health Services Trade, Transportation and Utilities Manufacturing 2010 Percent of Private-Sector Employment 2011 2010 Percent of Private-Sector Wages 2011 2010 Average Annual Wages 2011 2010 25,635 25,096 28.91% 28.52% 26.95% 26.72% $43,526 $42,569 17,417 17,343 19.64% 19.71% 14.15% 14.41% $33,639 $33,217 27.25% $102,415 $98,773 10,954 11,031 12.35% 12.53% 27.10% Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 19.48 percent of all jobs in 2011, down from 20.11 percent in 2010. Year over year, the job count fell from 22,149 in 2010 to 21,450 in 2011 while the average annual wage advanced 1.54 percent from $53,912 to $54,742. In the year 2011, 16.02 percent of all private-sector jobs were in high-wage industries—defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 16.31 percent in 2010. Year over year, the number of high-wage jobs declined 6 1.00 percent from 14,353 to 14,210. The job count declined in all four of the high-wage sectors. Mining posted the largest decline at 3.17 percent1 followed by the wholesale trade sector (2.44 percent) and the management of companies and enterprises sector (0.93 percent)2. Manufacturing employment continues to contract, posting a year-over-year loss of .70 percent. The average annual wage—in the high-wage industries—was $95,220: twice the average annual private-sector wage ($47,345) and four (4.03) times greater than the average annual wage paid in the low-wage industries ($23,546). Percent of Total Employment High-Wage Industries Low-Wage Industries 2011 16.02% 29.95% 2010 16.31% 29.80% Percent of Aggregate PrivateSector Wages 2011 32.23% 14.90% 2010 32.64% 14.91% Data Source: New York State Department of Labor, QCEW Series; author calculations As of year-end 2011, 29.95 percent of all private-sector jobs were in traditional low-wage industries—defined as the bottom Annual Average four sectors ranked from highest Wages Wages average wage paid to the lowest 2011 2010 average wage paid—compared to Data Source: New York State Department of labor, QCEW series; author calculations 29.80 percent of all private-sector Private Sector $47,345 $46,107 jobs in 2010. Year over year, the Public Sector $54,742 $53,912 number of jobs in the bottom four High-Wage Industries $95,220 $92,269 Low-Wage industries $23,546 $23,076 increased 1.29 percent from 26,224 in 2010 to 26,563 in 2011. The job count advanced in the other services sector (2.57 percent), the retail trade sector (1.38 percent) and accommodation and food services sector (1.56 percent). Employment in the arts, entertainment and recreation sector fell (2.52 percent).The average annual wage in the low-wage industries at $23,546 was 49.73 percent of the average annual private-sector wage ($47,345) and, as noted above, was one fourth the average annual wage paid in the high-wage industries. 1 2 The mining sector moved from the fourth highest-paying job in 2010 to the third highest-paying job in 2011 The management of companies and enterprises sector moved from the third highest-paying job in 2010 to the fourth highest-paying job in 2011 7 Orange County 2010-2011 In the year 2011, Orange County accounted for 15.02 percent of all jobs in the Hudson Valley and 1.54 percent of all jobs in New York State. Year over year, the total job count increased— from 128,344 to 129,766—while the average annual (all-industry) wage increased from $40,260 to $40,939. Overall, the average annual private-sector wage at $36,842 was 70.14 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 58.41 percent of the average annual private-sector wage in New York State ($63,077) and 64.88 percent of the annual publicsector wage ($56,787). The private sector accounted for 79.46 percent (103,111) of all jobs in 2011 and was dominated by three super-sectors: trade, transportation and utilities; education and health services; and professional and business services. Collectively these three super-sectors accounted for 65.99 percent (68,039) of all private-sector jobs in 2011 compared to 65.87 percent (66,409) of all private-sector jobs in 2010. Year over year, the number of jobs increased in the professional and business services sector (5.54 percent) and the trade, transportation and utilities sector (3.34 percent) and fell in the education and health services sector (0.44 percent). The average annual wage ranged from a high of $44,323 in the professional and business services sector to a low of $33,833 in the trade, transportation and utilities sector. Average Annual Employment Trade, Transportation and Utilities Education and Health Services Professional and Business Services Percent of Private-Sector Employment Percent of Private-Sector Wages Average Annual Wages 2011 2010 2011 2010 2011 2010 2010 2010 35,332 34,191 34.27% 33.92% 31.47% 31.85% $33,833 $33,948 21,567 21,663 20.92% 21.49% 23.76% 23.04% $41,857 $38,754 11,140 10,555 10.80% 10.47% 13.00% 12.87% $44,323 $44,425 Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 20.54 percent of all jobs in 2011, down from 21.45 percent in 2010. Year over year, the total job count fell from 27,531 to 26,655 as the average annual wage advanced 2.65 percent from $55,321 to $56,787. In the year 2011, 6.10 percent of all private-sector jobs were in high-wage industries— defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 6.16 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the high-wage industries increased 1.29 percent from 6,211 to 6,291. The job count decreased in the utilities sector (4.76 percent) and the professional and technical services sector (0.51 percent) but increased in both mining (1.75 percent) and the management of companies 8 and enterprises sector (21.22 percent)3. The average annual wage—in high-wage industries— was $63,931: 1.7 times the average annual private-sector wage ($36,842) and 2.8 times greater than the average annual wage paid in the low-wage industries ($22,820). Percent of Total Employment High-Wage Industries Low-Wage Industries Percent of Aggregate PrivateSector Wages 2011 2010 2011 2010 6.10% 6.16% 10.59% 10.61% 32.87% 32.02% 20.36% 20.12% Data Source: New York State Department of Labor, QCEW Series; author calculations As of year-end 2011, 32.87 percent of all private-sector jobs were in low-wage industries— defined as the bottom four sectors Average Annual Wages ranked from highest average wage paid Wages to the lowest average wage paid— Data Source: New York State 2011 2010 compared to 32.02 percent of all private- Department of Labor, QCEW series; author calculations sector jobs in 2010. Year over year, the Private Sector $36,842 $36,148 number of low-wage jobs increased 4.97 Public Sector $56,787 $55,321 percent from 32,284 in 2010 to 33,890 in High-Wage Industries $63,931 $62,255 Low-Wage industries $22,820 $22,710 2011. The job count advanced in all the 4 four sectors—the retail trade sector (4.53 percent), the unclassified sector (21.23 percent) , the arts, entertainment and recreation sector (5.43 percent) and the accommodation and food services sector (5.47 percent). The average annual wage in the low-wage industries was $22,820, which was 61.94 percent of the average annual private-sector wage ($47,345) and, as noted above, 2.8 times smaller (35.69 percent of) than the average annual wage in high-wage industries. 3 4 The job count increased from 622 in 2010 to 754 in 2011 The job count increased from 292 in 2010 to 354 in 2011 9 Putnam County 2010-2011 In the year 2011, Putnam County accounted for 2.85 percent of all jobs in the Hudson Valley and 0.29 percent of all jobs in New York State. Year over year, the total job count increased—from 24,617 to 24,623—while the average annual (all-industry) wage increased—from $46,785 to 47,723. Overall, the average annual private-sector wage at $43,696 was 83.18 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 69.27 percent of the average annual private-sector wage in New York State ($63,077) and 66.50 percent of the average annual public-sector wage ($65,708) The private sector accounted for 81.70 percent (20,118) of all jobs in 2011 and was dominated by three super-sectors: education and health services; trade, transportation and utilities; and professional and business services. Collectively these three industry groups accounted for 57.81 percent (11,630) of all private-sector jobs in 2011, up from 57.08 percent (11,370) of all privatesector jobs in 2010. Year over year, the job count advanced 4.32 percent in the trade, transportation and utilities sector and 6.16 percent in the professional and business services sector and fell .90 percent in the education and health services sector. The average annual wage ranged from a high of $50,679 in the education and health services sector to a low of $35,600 in the trade, transportation and utilities sector. 10 Average Annual Employment Percent of Private-Sector Employment Percent of Average Annual Private-Sector Wages Wages 2011 2010 2011 2010 2011 2010 2011 2010 Education and Health Services 5,184 5,231 25.77% 26.26% 29.89% 28.93% $50,679 $47,281 Trade, Transportation and Utilities 4,033 3,866 20.05% 19.41% 16.33% 16.35% $35,600 $36,156 Professional and Business Services 2,413 2,273 11.99% 11.41% 12.21% 12.00% $44,467 $45,128 Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 18.30 percent of all jobs in 2011, down from 19.08 percent in 2010. Year over year, the public-sector job count fell from 4,696 in 2010 to 4,505 in 2011 while the average annual wage advanced 3.95 percent from $63,211 to $65,708. In the year 2011, 11.82 percent of all private-sector jobs were in high-wage industries—defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 11.56 percent of all private-sector jobs in 2010. Year over year, the number of high-wage jobs increased 3.21 percent from 2,303 to 2,377. The job count increased in the information sector (3.68 percent), the management of companies and enterprises sector (20.83 percent)5 and the professional and technical services sector (6.33 5 The job count increased from 24 in 2010 to 29 in 2011. percent). Employment fell 2.77 percent in the finance and insurance sector. The average annual wage paid in the high-wage industries was $64,105: one and one half times (1.47) the average annual private-sector wage ($43,696) and more than double (2.57) the average annual wage paid in the low-wage industries ($24,942). Percent of Total Employment High-Wage Industries Low-Wage Industries 2011 11.82% 31.44% 2010 11.56% 30.68% Percent of Aggregate PrivateSector Wages 2011 2010 17.33% 16.84% 17.95% 18.03% Data Source: New York State Department of Labor, QCEW Series; author calculations As of year-end 2011, 31.44 percent of all private-sector jobs were in low-wage industries— defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage paid—compared to 30.68 Average Annual percent in 2010. Year over year, the Wages Wages Data Source: New York State Department of Labor, number of low-wage jobs QCEW Series; author calculations 2011 2010 increased 3.48 percent from 6,112 Private Sector $43,696 $42,913 to 6,325. The job count advanced Public Sector $65,708 $63,211 in the administrative and waste High-Wage Industries $64,105 $62,498 Low-Wage industries $24,942 $25,217 services sector (5.68 percent), the retail trade sector (4.00) and the arts, entertainment, and recreation sector (6.51). The job count in the accommodation and food services sector posted a slight decline (0.46 percent). The average annual wage in the low-wage industries was$24,942: 57.08 percent of the average annual private-sector wage ($43,696) and, as noted above, less than half (38.91 percent) of the average annual wage paid in the high-wage industries. 11 Rockland County 2010-2011 In the year 2011, Rockland County accounted for 13.17 percent of all jobs in the Hudson Valley and 1.35 percent of all jobs in New York State. Year over year, the job count increased (1.61 percent) from 111,993 in 2010 to 113,799 in 2011 while the average annual (all-industry) wage increased 1.68 percent from $50,529 to $51,376. Overall, the average annual private-sector wage at $49,785 was 94.77 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 78.93 percent of the average annual private-sector wage in New York State ($63,077) and 85.06 percent of the average annual public-sector wage ($58,526). The private sector accounted for 81.80 percent (93,089) of all jobs in 2011 and was dominated by three super-sectors: education and health services; trade, transportation and utilities; and professional and business services. Collectively these three industry groups accounted for 61.16 percent (56,931) of all private-sector jobs in 2011, up from 60.74 percent (55,037) of all private-sector jobs in 2010. Year over year, the number of jobs increased in the education and health services sector (3.43 percent), the trade, transportation and utilities sector (4.23 percent) and the professional and business services sector (1.93 percent). The average annual wage ranged from a high of $56,426 in the professional and business services sector to a low of $41,294 in the education and health services sector. 12 Average Annual Employment Education and Health Services Trade, Transportation and utilities Professional and Business Services Percent of Private-Sector Employment Percent of Private-Sector Wages Average Annual Wages 2011 2010 2011 2010 2011 2010 2011 2010 23,146 22,379 24.86% 24.70% 20.62% 20.69% $41,294 $41,066 22,494 21,581 24.16% 23.82% 21.63% 20.10% $44,559 $41,359 11,291 11,077 12.13% 12.23% 13.75% 14.36% $56,426 $57,581 Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 18.20 percent of all jobs in 2011, down from 19.10 percent in 2010. Year over year, the job count fell from 21,386 in 2010 to 20,710 in 2011 while the average annual wage advanced 2.77 percent from $56,950 to $58,526. In the year 2011, 12.60 percent of all private-sector jobs were in high-wage industries—defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 13.42 percent of all private-sector jobs in 2010. Year over year, the number of high-wage jobs declined 3.52 percent from 12,157 in 2010 to 11,729 in 2011. The job count increased in the utilities sector (4.24 percent)6, the management of companies and enterprises 6 The utilities sector moved from the second highest-paying job to the top highest paying job in 2011 sector (0.42 percent)7 and the mining sector (1.23 percent) and fell (4.88 percent) in the manufacturing sector. The average annual wage paid in the high-wage industries was $86,798: 1.73 times greater than the average private-sector wage ($49,785) and more than triple (3.16) the average annual wage paid in the low-wage industries ($27,450). Percent of Total Employment High-Wage Industries Low-Wage Industries Percent of Aggregate PrivateSector Wages 2011 2010 2011 2010 12.60% 13.42% 21.97% 23.04% 25.96% 25.60% 14.31% 14.17% Data Source: New York State Department of Labor, QCEW Series; author calculations As of year-end 2011, 25.96 percent of all private-sector jobs were in low-wage industries8— defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage paid—compared to 25.60 percent in 2010. Year over year, the number of low-wage jobs increased 4.20 percent from 23,195 Wages Average Annual in 2010 to 24,166 in 2011. The job Wages Data Source: New York State Department of Labor QCEW series; author calculations count advanced in all four sectors, 2011 2010 Private Sector $49,785 $49,014 rising (8.74 percent) in the arts, Public Sector $58,526 $56,950 entertainment and recreation High-Wage Industries $86,798 $84,152 sector, (4.43 percent) in the retail Low-Wage industries $27,450 $27,124 trade sector, (4.72 percent) in the other services sector and less than one percent (.73 percent) in the education services sector. The average annual wage in the bottom four sectors at $27,450 was 55.14 percent of the average annual private-sector wage ($49,785) and, as noted above, was one third (31.16 percent) of the average annual wage paid in high-wage industries 7 8 The management of companies and enterprises sector moved down from the top highest-paying job to the second highest-paying job in 2011 For year-over-year consistency education services was included in the bottom, unclassified was excluded 13 Sullivan County 2010-2011 In the year 2011 Sullivan County accounted for 2.88 percent of the total job count in the Hudson Valley and 0.29 percent of all jobs in New York State. Year over year, the total job count decreased—from 25,088 in 2010 to 24,880 in 2011—while the average annual (all-industry) wage posted a slight increase, rising from $35,596 to $35,914. Overall, the average annual private-sector wage at $31,637 was 60.23 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 50.16 percent of the average annual private-sector wage in New York State ($63,077) and 63.54 percent of the average annual public-sector wage ($49,791). The private sector accounted for 76.44 percent (19,019) of all jobs in 2011 and was dominated by three super-sectors: education and health services; trade, transportation and utilities; and leisure and hospitality. Collectively these three industry groups accounted for 65.51 percent (12,459) of the all private-sector jobs in 2011, an increase from 65.60 percent (12,365) in 2010. Year over year, the job count increased in the education and health services sector (3.65 percent) and decreased in both the trade, transportation and utilities sector (1.96 percent) and the leisure and hospitality sector (1.05 percent). The average annual wage ranged from a high of $35,727 in the education and health services sector to a low of $19,787 in the leisure and hospitality sector. Average Annual Employment Education and Health Services Trade, Transportation and Utilities Leisure and Hospitality Percent of Private-Sector Employment Percent of Private-Sector Wages Average Annual Wages 2011 2010 2011 2010 2011 2010 2011 2010 5,770 5,567 30.34% 29.49% 34.26% 33.73% $35,727 $35,816 4,061 4,142 21.35% 21.94% 18.97% 19.57% $28,114 $27,929 2,628 2,656 13.82% 14.07% 8.64% 8.77% $19,787 $19,509 Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 23.56 percent of all jobs in 2011, down from 24.75 percent in 2010. Year over year, the job count fell (5.60 percent) from 6,209 to 5,861 in 2011 while the average annual wage advanced 2.37 percent from $48,640 to $49,791. In the year 2011, 7.94 percent of all private-sector jobs were in highwage industries—defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid— compared to 7.02 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the Wages Data Source: New York State Department of Labor QCEW Series; author calculations Private Sector Public Sector High-Wage Industries Low-Wage industries Average Annual Wages 2011 $31,637 $49,791 $53,886 $19,514 2010 $31,307 $48,640 $61,259 $20,760 14 top four increased 13.95 percent from 1,326 in 2010 to 1,511 in 2011. The job count increased in the information sector (2.91 percent)9 and decreased in the finance and insurance sector (2.32 percent), the mining sector (2.11 percent)10 and the wholesale trade sector (4.91 percent)11. The average annual wage paid in high-wage sectors was $53,886: 170.33 percent of the average annual private-sector wage ($31,637) and almost triple (2.76) the average annual wage paid in the lowwage industries (19,514). In the year 2011, 21.07 percent of all private-sector jobs were in low-wage industries—defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage Percent of Total Employment Percent of Aggregate Private-Sector Wages 2011 2010 2011 2010 High-Wage Industries 7.94% 7.02% 13.53% 12.28% Low-Wage Industries 21.07% 21.43% 12.99% 13.00% Data Source: New York State Department of Labor, QCEW Series; author calculations paid—compared to 21.43 percent in 2010. Year over year, the number of jobs in the bottom four decreased 0.94 percent from 4,045 in 2010 to 4,007 in 2011. The job count increased in the other services sector (0.65 percent) and the educational services sector (1.23 percent) and decreased in the real estate, rental and leasing sector (4.42 percent) and the accommodation and food services sector (1.51 percent). The average annual wage in the bottom four sectors was at $19,514 which was 61.68 percent of the average annual private-sector wage ($31,637) and, as noted above, was slightly more than one third (36.21 percent) of the average annual wage in the top four. The information sector moved down from the second highest-paying job in 2010 to the fourth highest-paying job in 2011 The mining sector increased from the third highest-paying job in 2010 to the second highest-paying job in 2011 11 The wholesale trade sector moved from the fifth highest-paying job in 2010 to the third highest-paying job in 2011 9 10 15 Ulster County 2010-2011 In the year 2011, Ulster County accounted for 6.64 percent of all jobs in the Hudson Valley and 0.68 percent of all jobs in New York State. Year over year, the job count decreased from 58,171 in 2010 to 57,330 in 2011 while the average annual (all-industry) wage increased from $37,047 to $37,739. Overall, the average annual private-sector wage at $33,062 was 62.94 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 52.42 percent of the average annual private-sector wage in New York State ($63,077) and 62.77 percent of the average annual public-sector wage ($52,668). The private sector accounted for 76.14 percent (43,653) of all jobs in 2011 and was dominated by three super-sectors: trade, transportation and utilities; education and health services; and leisure and hospitality. Collectively these three super-sectors accounted for 63.62 percent (27,774) of all private-sector jobs in 2011, up from 63.48 percent (27,980) of all privatesector jobs in 2010. Year over year, the number of jobs increased in the leisure and hospitality sector (1.37 percent) and decreased in both the education and health services sector (0.59 Average Annual Employment Percent of Private-Sector Employment Percent of Private-Sector Wages 2010 2011 2010 2011 2010 2011 2010 11,366 11,607 26.04% 26.33% 22.88% 23.58% $29,058 $28,960 9,622 6,786 9,679 6,694 22.04% 15.55% 21.96% 15.19% 23.56% 8.40% 23.44% 8.07 $35,338 $17,855 $34,527 $17,184 2011 Trade, Transportation and Utilities Education and Health Services Leisure and Hospitality Average Annual Wages Data Source: New York State Department of Labor, QCEW Series; author calculations percent) and in the trade, transportation and utilities sector (2.08 percent). The average annual wage ranged from a high of $35,338 in the education and health services sector to a low of $17,855 in the leisure and hospitality sector. The public sector accounted for 23.86 percent of all jobs in 2011, down from 24.23 percent in 2010. Year over year, the job count fell from 14,093 in 2010 to 13,677 in 2011 while the average annual wage advanced 1.74 percent from $51,767 to $52,668. Wages Data Source: New York State Department of Labor, QCEW series; author calculations Private Sector Public Sector High-Wage Industries Low-Wage industries Average Annual Wages 2011 $33,062 $52,668 $49,635 $22,721 2010 $32,341 $51,767 $49,296 $19,346 As of year-end 2011, 7.50 percent of all private-sector jobs were in high-wage industries— defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 7.63 percent of all private-sector jobs in 2010. Year over year, the 16 number of jobs in the top four sectors declined 2.62 percent from 3,362 in 2010 to 3,274 in 2011. The job count advanced in the management of companies and enterprises sector12 (63.44 percent) and the wholesale trade sector (2.35 percent) and decreased in both the mining sector13 (14.74 percent), and the finance and insurance sector (13.55 percent). The average annual wage in the high-wage industries was $49,635: one and one half times the average annual privatesector wage ($33,062) and more than double (2.18) the average annual wage paid in the lowwage industries ($22,721). High-Wage Industries Percent of Total Employment 2011 2010 7.50% 7.63% Low-Wage Industries 37.20% Percent of Aggregate PrivateSector Wages 2011 2010 11.26% 11.63% NC* 25.57% NC* NC: Not Comparable Data Source: New York State Department of Labor, QCEW Series; author calculations In the year 201114, 37.20 percent of all private-sector jobs were in low-wage industries—defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage paid. The low-wage industries included the retail trade sector15, the educational services sector16, the arts, entertainment and recreation sector and the accommodation and food services sector. Year over year, the job count advanced (3.49 percent) in the educational services sector and (2.36 percent) in the accommodation and food services sector and declined in both the retail trade sector (-2.37 percent) and the arts, entertainment and recreation sector (-6.23 percent). The average annual wage in the bottom four sectors was at $22,721 which was 68.72 percent of the average annual private-sector wage and, as noted above, less than one half (45.78 percent) of the average annual wage in the high-wage industries. 12 The management of companies and enterprises rose from the second highest-paying job in 2010 to highest-paying job in 2011 The mining sector rose from the fifth highest-paying job in 2010 to the second highest-paying job in 2011 14 Because of a significant shift in the industries that fell into the bottom four, a year-over-year comparison is not meaningful 15 Retail trade sector moved down from the fifth lowest-paying job in 2010 to the fourth lowest-paying job in 2011 16 The educational services sector moved from the fourth lowest-paying job in 2010 to the third lowest-paying job in 2011 13 17 Westchester County 2010-2011 In the year 2011, Westchester County accounted for 46.68 percent of all jobs in the Hudson Valley and 4.78 percent of all jobs in New York State. Year over year, the total job count increased—from 398,919 in 2010 to 403,237 in 2011—while the average annual (all-industry) wage increased from $63,881 to $64,535. Overall, the average annual private-sector wage at $63,515 was 120.91 percent of the average annual private-sector wage in the Hudson Valley ($52,530), 100.69 percent of the average annual private-sector wage in New York State ($63,077) and 90.43 percent of the average annual public-sector wage ($70,240). The private sector accounted for 84.83 percent (342,085) of all jobs in 2011 and was dominated by three super-sectors: education and health services; trade, transportation and utilities; and professional and business services. Collectively these three industry groups accounted for 62.02 percent (212,160) of all private-sector jobs in 2011, down from 62.12 percent (208,356). Year over year, the job count increased in the education and health services sector (0.96 percent), trade, transportation and utilities sector (2.10 percent) and the professional and business services sector (2.77 percent). The average annual wage ranged from a high of $98,513 in the professional and business services sector to a low of $47,862 in the trade, transportation and utilities sector. Average Annual Employment 2011 Education and Health Services Trade, Transportation and Utilities Professional and Business Services 2010 Percent of Private-Sector Employment 2011 2010 Percent of Private- Sector Wages 2011 2010 Average Annual Wages 2011 2010 81,866 81,091 23.93% 24.18% 18.97% 18.91% $50,346 $49,192 75,799 74,239 22.16% 22.13% 16.70% 16.70% $47,862 $47,464 54,495 53,026 15.93% 15.81% 24.71% 24.29% $98,513 $96,635 Data Source: New York State Department of Labor, QCEW Series; author calculations The public sector accounted for 15.17 percent of all jobs in 2011, down from 15.92 percent in 2010. Year over year, the public-sector job count fell from 63,497 to 61,152 while the average annual wage advanced 1.64 percent from 69,107 to $70,240. As of year-end 2011, 13.17 percent of all private-sector jobs were in high-wage industries— defined as the top four sectors ranked from the highest average wage paid to the lowest average wage paid—compared to 13.43 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the top four increased by two, rising from 45,047 in 2010 to 45,049 in 2011. The job count increased in the management of companies and enterprises sector (3.15 percent) and the finance and insurance sector (3.71 percent) and fell in both the utilities sector (5.95 18 percent) and the manufacturing sector (5.19 percent). The average annual wage in the top four sectors was $142,714: over two times as great (2.25) as the average annual privatesector wage ($63,515) and almost five times larger (4.72) than the average annual wage paid in the low-wage industries ($30,256). High-Wage Industries Low-Wage Industries Percent of Total Employment 2011 2010 13.17% 13.43% 30.10% 29.59% Percent of Aggregate Private-Sector Wages 2011 2010 29.59% 30.44% 14.34% 14.02% Data Source: New York State Department of Labor ,QCEW Series; author calculations In the year 2011, 30.10 percent of all private-sector jobs were in low-wage industries—defined as the bottom four sectors ranked from highest average wage paid to the lowest average wage paid—compared to 29.59 percent of all private-sector jobs in 2010. Year over year, the number of jobs in the bottom four sectors Average Annual Wages Wages increased 3.73 percent from 99,266 in 2010 to 102,964 in 2011. The job Data Source: New York State Department of Labor 2011 2010 count increased in all four QCEW Series; author calculations sectors—the other services sector Private Sector $63,515 $62,892 Public Sector $70,240 $69,107 (2.59 percent), the arts, High-Wage Industries $142,714 $142,561 entertainment and recreation Low-Wage industries $30,256 $29,803 sector (1.60 percent), the retail trade sector (2.35 percent) and the accommodation and food services sector (8.05 percent). The average annual wage in the bottom four sectors was $30,256: less than one half (47.64 percent) of the average annual private-sector wage ($63,515) and, as noted above, one fifth (21.20 percent) of the average annual wage in the high-wage industries. 19