ECONOMIC REPORT OF THE HUDSON VALLEY 3RD QUARTER 2010 Employment by Place of Residence
1-3
Non-Farm Employment by Place of Work
4-9
Total U.S. Non-Farm Employment
10-11
U.S. Manufacturing: Hours, Hourly
and Weekly Wages
12-15
Income Maintenance Payments
16-27
Home Sales, Prices, and Permits
28-32
Regional Inflation
33
Sales Tax Collection
34-35
Page 1 of 35
Labor Force, Employment and the Unemployment Rate for Hudson Valley Counties
Average Quarterly
County
3rd
2nd
2009.Q2 - 2010.Q3
1st
4th
3rd
2nd
Dec-07
% Change
12-07 and Q3
% Change
From Peak
Columbia
Labor Force
Employment
Unemployment rate
31,835
29,660
6.83%
31,343
29,187
6.90%
30,798
28,280
8.20%
31,017
28,761
7.27%
32,361
29,977
7.37%
31,945
29,621
7.27%
31,678
30,348
4.20%
0.50%
-2.27%
62.62%
-1.63%
-2.27%
-16.71%
Dutchess
Labor Force
Employment
Unemployment rate
145,942
135,120
7.43%
144,884
134,367
7.27%
143,693
131,980
8.13%
144,879
133,762
7.70%
147,531
135,788
7.97%
146,758
135,892
7.37%
146,674
140,631
4.10%
-0.50%
-3.92%
81.22%
-1.08%
-3.92%
-8.61%
Greene
Labor Force
Employment
Unemployment rate
24,822
22,919
7.63%
24,219
22,300
7.90%
24,478
22,273
9.00%
23,813
21,845
8.27%
24,707
22,736
8.00%
23,953
21,918
8.50%
24,357
23,051
5.40%
1.91%
-0.57%
41.30%
0.00%
-0.57%
-15.22%
Orange
Labor Force
Employment
Unemployment rate
180,984
166,767
7.87%
179,514
165,838
7.60%
177,972
162,892
8.43%
178,888
165,091
7.70%
182,286
167,591
8.03%
181,909
167,720
7.80%
180,437
172,514
4.40%
0.30%
-3.33%
78.86%
-0.71%
-3.33%
-6.64%
Putnam
Labor Force
Employment
Unemployment rate
55,218
51,607
6.53%
54,455
50,962
6.40%
53,885
50,042
7.13%
54,406
50,731
6.77%
56,033
52,166
6.93%
55,569
51,901
6.60%
56,228
54,259
3.50%
-1.80%
-4.89%
86.57%
-1.80%
-4.89%
-8.42%
Rockland
Labor Force
Employment
Unemployment rate
154,000
143,286
6.93%
151,537
141,497
6.63%
149,848
138,942
7.30%
151,251
140,856
6.87%
156,270
144,840
7.30%
154,832
144,102
6.93%
155,343
149,244
3.90%
-0.86%
-3.99%
77.69%
-1.45%
-3.99%
-5.07%
Sullivan
Labor Force
Employment
Unemployment rate
36,416
33,523
7.97%
35,057
32,112
8.40%
34,513
30,986
10.23%
34,583
31,528
8.83%
36,993
34,056
7.93%
35,677
32,676
8.43%
34,795
32,688
6.10%
4.66%
2.55%
30.66%
-1.56%
-1.57%
-22.09%
Ulster
Labor Force
Employment
Unemployment rate
91,140
84,194
7.63%
90,759
84,064
7.37%
89,908
82,326
8.43%
89,351
82,529
7.63%
91,272
83,998
8.00%
91,080
84,251
7.50%
90,510
86,142
4.80%
0.70%
-2.26%
58.96%
-0.14%
-2.26%
-9.49%
Source: New York State Dept. of Labor Place of Residence Series
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 2 of 35
Labor Force, Employment and the Unemployment Rate for Hudson Valley Counties
Average Quarterly
County
3rd
2nd
2009.Q2 - 2010.Q3
1st
4th
3rd
2nd
Dec-07
% Change
12-07 and Q3
% Change
From Peak
Westchester
Labor Force
Employment
Unemployment rate
488,532
454,693
6.93%
480,928
449,016
6.63%
477,023
440,909
7.57%
480,714
446,982
7.00%
495,990
459,624
7.33%
491,757
457,284
7.00%
494,814
475,580
3.90%
-1.27%
-4.39%
77.69%
-1.50%
-4.39%
-8.45%
Lower Hudson Valley
Labor Force
Employment
Unemployment rate
697,750
649,586
6.80%
686,920
641,475
6.55%
680,799
629,927
7.33%
699,301
604,267
6.80%
708,293
656,630
7.19%
702,158
653,287
6.84%
706,385
679,083
3.77%
-1.22%
-4.34%
80.53%
-1.49%
-4.34%
-7.23%
Labor Force
Employment
511,139
472,183
505,776
467,868
501,237
458,604
504,901
465,534
515,150
474,146
511,322
472,078
508,451
485,374
0.53%
-2.72%
-0.78%
-2.72%
Putnam-Rockland-Westchester
Upper Hudson Valley
Unemployment rate
7.56%
7.57%
8.75%
7.98%
7.88%
7.81%
4.83%
56.41%
-13.60%
Total Hudson Valley
Labor Force
Employment
Unemployment rate
1,208,889
1,121,769
7.31%
1,192,696
1,109,343
7.23%
1,182,036
1,088,531
8.27%
1,204,202
1,069,801
7.56%
1,223,443
1,130,776
7.65%
1,213,480
1,125,365
7.49%
1,214,836
1,164,457
4.48%
-0.49%
-3.67%
63.25%
-1.19%
-3.67%
-11.61%
Albany-Schenectady-Troy
Labor Force
Employment
Unemployment rate
460,397
429,321
6.77%
459,219
429,141
6.53%
454,115
419,733
7.57%
453,907
423,140
6.77%
461,723
429,733
6.93%
463,421
432,042
6.76%
456,966
437,282
4.30%
0.75%
-1.82%
57.44%
-0.65%
-1.82%
-10.57%
New York City
Labor Force
Employment
Unemployment rate
4,009,486
3,630,354
9.47%
3,988,082
3,612,742
9.40%
3,976,573
3,570,323
10.20%
3,973,086
3,562,571
10.33%
4,010,472
3,601,190
10.20%
3,978,713
3,619,726
9.03%
3,886,826
3,702,769
4.70%
3.16%
-1.96%
101.49%
-0.02%
-1.96%
-8.33%
New York State
Labor Force
Employment
Unemployment rate
9,745,568
8,946,710
8.20%
9,675,110
8,890,160
8.07%
9,619,139
8,741,541
9.13%
9,623,334
8,788,767
8.67%
9,776,239
8,926,959
8.70%
9,717,567
8,927,263
8.13%
9,597,651
9,150,392
4.70%
1.54%
-2.23%
74.47%
-0.31%
-2.23%
-10.19%
U.S. (seasonally adjusted) Labor Force
Employment
Unemployment rate
153,942,667
139,200,333
9.57%
154,283,000
139,331,333
9.70%
153,530,667
138,626,333
9.70%
153,544,333
138,138,333
10.03%
154,234,667
139,339,333
9.63%
154,811,000
140,459,333
9.27%
153,869,000
146,173,000
5.0%
0.05%
-4.77%
91.40%
-0.56%
-4.77%
-4.59%
Source: New York State Dept. of Labor Place of Residence Series
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 3 of 35
Quarter-to-Quarter % Change (from Previous Year) in Employment
for the Hudson Valley 2001.Q1-2010.Q3
6.00%
4.00%
2.00%
0.00%
-2.00%
-4.00%
-6.00%
-8.00%
2001
2002
2003
2004
Hudson Valley
2005
2006
New York State
2007
United States
2008
2009
2010
Page 4 of 35
Rockland, Westchester, and Putnam Counties: Employment Data by Industry: CES Data
Quarterly Data are Averages of Monthly Data (Data in 1000's; Data in red are near-term lows)
Total Nonfarm
Total Private
Total Government
Federal Government
State Government
Local Government
Local Government Education
Goods Producing
Service-Providing
Private Service-Providing
Public Service-Providing
Manufacturing
Trade, Transportation, and Utilities
Wholesale Trade
Transportation and Warehousing
Retail Trade
Food and Beverage Stores
Clothing and Clothing Accessories Stores
General Merchandise Stores
Information
Financial Activities
Finance and Insurance
Professional and Business Services
Educational Services
Health Care and Social Assistance
Hospitals
Leisure and Hospitality
Accommodation and Food Services
2010.Q3
549.2
454.1
95.2
5.4
14.4
75.4
37.2
55.1
494.1
398.9
95.2
26.5
98.2
21.7
12.3
59.8
14.8
7.0
9.4
13.7
33.0
21.6
68.4
22.2
90.8
19.7
48.4
33.5
2010.Q2
548.2
450.6
97.6
6.2
14.3
77.2
44.2
53.4
494.8
397.2
97.6
26.4
99.3
21.8
13.0
60.1
14.8
7.2
9.2
13.8
32.7
21.6
67.0
24.9
90.9
19.7
44.2
32.0
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, School of Management, Marist College
2010.Q1
533.8
438.4
95.4
5.3
14.1
75.9
43.3
51.3
482.6
387.2
95.4
26.3
98.4
21.6
12.9
59.5
14.8
7.2
9.2
13.9
32.4
21.5
64.2
25.3
89.7
19.6
39.6
29.7
2009.Q4
556.5
460.1
96.5
5.3
14.3
76.9
43.7
56.6
499.9
403.4
96.5
27.0
104.0
22.1
13.5
63.9
15.1
8.2
10.4
14.2
32.9
21.7
68.3
26.6
90.2
19.6
43.0
32.1
2009.Q3
557.9
461.0
96.9
5.4
14.3
77.2
39.6
59.7
498.2
401.3
96.9
27.3
100.8
22.3
12.0
62.1
15.0
7.8
9.6
14.4
33.8
22.4
69.7
22.9
89.2
19.5
46.5
32.5
2009.Q2
561.3
462.6
98.7
5.7
14.5
78.5
45.7
59.9
501.4
402.7
98.7
27.9
102.5
22.4
13.4
62.3
15.0
7.6
9.7
14.5
33.8
22.5
69.8
24.8
89.5
19.4
43.5
32.0
Dec-07
593.2
495.7
97.5
5.5
14.2
77.8
45.5
70.1
523.1
425.6
97.5
30.8
116.4
24.8
14.6
72.7
15.0
10.5
11.7
16.2
36.9
24.8
74.7
24.9
88.8
18.9
42.7
32.5
Percent change
Percent change Q3.10 and peak
Q3.10 and near of last Business
term low
Cycle
2.88%
3.58%
0.00%
1.89%
2.13%
0.00%
0.00%
7.41%
2.38%
3.02%
0.00%
0.76%
0.00%
0.46%
2.50%
0.50%
0.00%
0.00%
2.17%
0.00%
1.85%
0.47%
6.54%
0.00%
2.25%
4.23%
22.22%
12.79%
-7.42%
-8.39%
-2.36%
-1.82%
1.41%
-3.08%
-18.24%
-21.40%
-5.54%
-6.27%
-2.36%
-13.96%
-15.64%
-12.50%
-15.75%
-17.74%
-1.33%
-33.33%
-19.66%
-15.43%
-10.57%
-12.90%
-8.43%
-10.84%
2.25%
4.23%
13.35%
3.08%
12/18/2010
Page 5 of 35
Dutchess and Orange Counties: Employment Data by Industry: CES Data
Quarterly Data are Averages of Monthly Data (Data in 1000's; Data in red are near-term lows)
Total Nonfarm
Total Private
Total Government
Federal Government
State Government
Local Government
Local Government Education
Goods Producing
Service-Providing
Private Service-Providing
Public Service-Providing
Manufacturing
Trade, Transportation, and Utilities
Wholesale Trade
Transportation and Warehousing
Retail Trade
Food and Beverage Stores
Clothing and Clothing Accessories Stores
General Merchandise Stores
Information
Financial Activities
Finance and Insurance
Professional and Business Services
Educational Services
Health Care and Social Assistance
Hospitals
Leisure and Hospitality
Accommodation and Food Services
2010.Q3
245.4
196.5
49.0
6.6
9.2
33.3
20.1
28.3
217.3
168.3
49.0
18.1
54.8
9.6
8.3
35.6
7.2
5.4
5.8
4.2
9.2
6.2
21.1
9.1
39.4
8.8
20.7
16.6
2010.Q2
247.9
195.0
52.9
7.1
9.2
36.5
23.0
27.5
220.4
167.5
52.9
17.9
54.6
9.5
8.6
35.4
7.1
5.3
5.7
4.2
9.2
6.2
20.9
10.5
39.5
8.8
19.2
16.1
Source: NY State Department of Labor-Current Employment Survey
Compiled by Bureau of Economic Research, School of Management, Marist College
2010.Q1
242.1
189.9
52.2
6.5
9.2
36.5
23.1
26.4
215.6
163.4
52.2
17.9
53.6
9.4
8.5
34.5
7.2
5.2
5.8
4.0
9.1
6.2
20.3
10.8
39.1
8.8
17.3
15.0
2009.Q4
250.7
198.0
52.7
6.5
9.2
37.0
23.6
28.1
222.6
169.9
52.7
18.2
56.0
9.6
9.1
36.2
7.3
5.7
6.2
4.1
9.2
6.3
20.9
12.1
39.0
8.8
19.0
15.9
2009.Q3
247.0
196.5
50.6
6.5
9.4
34.7
20.3
28.7
218.3
167.8
50.5
18.5
53.2
9.6
8.4
34.8
7.4
5.2
5.7
4.2
9.3
6.3
20.9
10.2
38.4
8.8
21.0
16.8
2009.Q2
250.3
196.6
53.7
6.6
9.6
37.5
24.2
29.2
221.1
167.4
53.7
19.3
53.9
9.5
8.4
34.7
7.2
5.1
5.7
4.3
9.2
6.3
21.0
11.4
38.4
8.8
19.7
16.1
Dec-07
260.1
207.7
52.4
6.4
9.6
36.4
23.3
33.9
226.2
173.8
52.4
21.6
59.7
10.1
9.4
39.0
7.3
5.7
6.6
4.6
9.8
6.7
21.9
11.6
36.7
8.9
19.5
16.0
Percent change
Q3.10 and near
term low
1.36%
3.48%
0.00%
3.12%
0.00%
0.00%
0.00%
7.20%
0.79%
3.00%
0.00%
1.12%
3.01%
2.13%
0.00%
3.19%
1.41%
5.88%
1.75%
5.00%
1.10%
0.00%
3.94%
0.00%
7.36%
0.00%
19.65%
10.67%
Percent change
Q3.10 and peak
of last Business
Cycle
-5.65%
-5.39%
-6.49%
3.12%
-4.17%
-8.52%
-13.73%
-16.52%
-3.93%
-3.16%
-6.49%
-16.20%
-8.21%
-4.95%
-11.70%
-8.72%
-1.37%
-5.26%
-12.12%
-8.70%
-6.12%
-7.46%
-3.65%
-21.55%
7.36%
-1.12%
6.15%
3.75%
12/18/2010
Page 6 of 35
Columbia County: Employment Data by Industry: CES Data
Quarterly Data are Averages of Monthly Data (Data in 1000's; Data in red are near-term lows)
Total Nonfarm
Total Private
Total Government
2010.Q3
20.5
15.9
4.7
2010.Q2
20.4
15.4
5.0
2010.Q1
19.6
14.6
5.0
2009.Q4
20.4
15.3
5.1
2009.Q3
20.7
15.7
5.0
2009.Q2
20.7
15.5
5.2
Dec-07
21.6
16.2
5.3
2.3
18.2
13.5
4.7
1.2
3.7
2.2
18.2
13.2
5.0
1.3
3.7
2.1
17.5
12.5
5.0
1.4
3.6
2.1
18.3
13.2
5.1
1.1
3.8
2.2
18.5
13.5
5.0
1.1
3.8
2.3
18.4
13.2
5.2
1.2
3.7
1.2
0.3
0.6
0.9
0.3
0.5
0.7
0.3
0.5
1.0
0.3
0.6
1.1
0.3
0.6
1.5
4.5
1.5
4.5
1.3
4.4
1.5
4.6
1.9
1.7
1.4
1.4
Percent change
Percent change Q3.10 and peak
Q3.10 and near of last Business
term low
Cycle
4.59%
8.90%
0.00%
-5.09%
-1.85%
-11.32%
2.9
18.7
13.4
5.3
1.8
3.9
9.52%
4.00%
8.00%
0.00%
9.09%
2.78%
-20.69%
-2.67%
0.75%
-11.32%
-33.33%
-5.13%
1.0
0.3
0.6
1.1
0.3
0.6
71.43%
0.00%
20.00%
9.09%
0.00%
0.00%
1.5
4.5
1.5
4.5
1.7
4.3
15.38%
4.65%
-11.76%
4.65%
1.9
1.7
1.6
35.71%
18.75%
Federal Government
State Government
Local Government
Local Government Education
Goods Producing
Service-Providing
Private Service-Providing
Public Service-Providing
Manufacturing
Trade, Transportation, and Utilities
Wholesale Trade
Transportation and Warehousing
Retail Trade
Natural Resources, Mining and
Construction
Information
Financial Activities
Finance and Insurance
Professional and Business Services
Educational Health Services
Health Care and Social Assistance
Hospitals
Leisure and Hospitality
Accommodation and Food Services
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 7 of 35
Greene County: Employment Data by Industry: CES Data
Quarterly Data are Averages of Monthly Data (Data in 1000's; Data in red are near-term lows)
Total Nonfarm
Total Private
Total Government
2010.Q3
15.1
10.3
4.7
2010.Q2
14.7
10.0
4.8
2010.Q1
14.8
10.1
4.7
2009.Q4
14.6
9.8
4.7
2009.Q3
14.9
10.2
4.7
2009.Q2
14.2
9.5
4.7
Dec-07
15.5
10.7
4.8
1.6
13.4
8.7
4.7
0.9
3.0
1.5
13.2
8.4
4.8
0.9
3.1
1.2
13.6
8.8
4.8
0.9
3.1
1.7
12.9
8.2
4.7
0.9
3.0
1.8
13.1
8.4
4.7
1.0
3.0
1.6
12.6
7.9
4.7
1.0
3.1
0.7
0.2
0.5
0.6
0.2
0.5
0.3
0.2
0.5
0.8
0.2
0.5
0.8
0.2
0.5
0.4
1.3
0.4
1.3
0.4
1.3
0.5
1.3
2.8
2.5
2.9
2.3
Percent change
Percent change Q3.10 and peak
Q3.10 and near of last Business
Cycle
term low
6.34%
5.10%
0.00%
-2.58%
-3.74%
-2.08%
1.9
13.6
8.8
4.8
1.0
3.3
33.33%
3.88%
6.10%
0.00%
0.00%
0.00%
-15.79%
-1.47%
-1.14%
-2.08%
-10.00%
-9.09%
0.6
0.2
0.4
0.9
0.2
0.4
133.33%
0.00%
0.00%
-22.22%
0.00%
25.00%
0.5
1.2
0.5
1.3
0.6
1.4
0.00%
5.69%
-33.33%
-7.14%
2.6
2.0
2.5
21.74%
12.00%
Federal Government
State Government
Local Government
Local Government Education
Goods Producing
Service-Providing
Private Service-Providing
Public Service-Providing
Manufacturing
Trade, Transportation, and Utilities
Wholesale Trade
Transportation and Warehousing
Retail Trade
Natural Resources, Mining and
Construction
Information
Financial Activities
Finance and Insurance
Professional and Business Services
Educational Health Services
Health Care and Social Assistance
Hospitals
Leisure and Hospitality
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 8 of 35
Sullivan County: Employment Data by Industry: CES Data
Quarterly Data are Averages of Monthly Data (Data in 1000's; Data in red are near-term lows)
Total Nonfarm
Total Private
Total Government
2009.Q2
26.2
19.4
6.8
Dec-07
26.4
19.7
6.7
2.5
24.9
18.4
6.5
1.2
4.4
2.4
23.8
17.1
6.7
1.2
4.3
1.1
0.2
1.2
1.3
0.3
1.3
1.3
5.7
1.4
5.8
2.0
2.5
2010.Q3
26.8
20.6
6.2
2010.Q2
25.7
19.1
6.6
2010.Q1
24.5
18.0
6.5
2009.Q4
25.6
18.9
6.6
2009.Q3
27.4
20.9
6.5
2.5
24.4
18.1
6.3
1.2
4.4
2.4
23.3
16.8
6.5
1.2
4.3
2.2
22.3
15.8
6.5
1.2
4.2
2.2
23.4
16.8
6.6
1.1
4.4
1.3
0.3
1.3
1.2
0.2
1.3
1.0
0.2
1.2
1.3
5.8
1.3
5.8
3.8
2.6
Percent change
Percent change Q3.10 and peak
Q3.10 and near of last Business
term low
Cycle
9.39%
14.44%
0.00%
1.52%
4.57%
-7.46%
2.8
23.6
16.9
6.7
1.4
4.5
13.64%
9.42%
14.56%
0.00%
0.00%
4.76%
-10.71%
3.39%
7.10%
-5.97%
-14.29%
-2.22%
1.2
0.2
1.3
1.4
0.2
1.4
30.00%
50.00%
8.33%
-7.14%
50.00%
-7.14%
1.4
5.8
1.4
5.7
1.5
5.7
0.00%
1.75%
-13.33%
1.75%
4.1
2.8
2.4
90.00%
58.33%
Federal Government
State Government
Local Government
Local Government Education
Goods Producing
Service-Providing
Private Service-Providing
Public Service-Providing
Manufacturing
Trade, Transportation, and Utilities
Wholesale Trade
Transportation and Warehousing
Retail Trade
Natural Resources, Mining and
Construction
Information
Financial Activities
Finance and Insurance
Professional and Business Services
Educational Health Services
Health Care and Social Assistance
Hospitals
Leisure and Hospitality
Accommodation and Food Services
Source: NY State Department of Labor- Current Employment Survery
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 9 of 35
Ulster County: Employment Data by Industry: CES Data
Quarterly Data are Averages of Monthly Data (Data in 1000's; Data in red are near-term lows)
Total Nonfarm
Total Private
Total Government
Federal Government
State Government
Local Government
Local Government Education
Goods Producing
Service-Providing
Private Service-Providing
Public Service-Providing
Manufacturing
Trade, Transportation, and Utilities
Wholesale Trade
Transportation and Warehousing
Retail Trade
Natural
Resources, Mining and
Construction
Information
Financial Activities
Finance and Insurance
Professional and Business Services
Educational Health Services
Health Care and Social Assistance
Hospitals
Leisure and Hospitality
0.9
2.6
2010.Q2
62.0
46.1
15.9
0.7
4.7
10.6
6.4
5.9
56.1
40.2
15.9
3.5
11.7
1.3
1.7
8.7
2.4
0.9
2.5
2010.Q1
60.4
44.9
15.5
0.5
4.7
10.4
6.2
5.6
54.8
39.3
15.5
3.5
11.8
1.3
1.7
8.8
2.1
0.9
2.5
2009.Q4
61.4
46.1
15.3
0.4
4.5
10.3
6.2
5.9
55.5
40.2
15.3
3.6
12.5
1.3
1.8
9.3
2.6
0.9
2.5
2009.Q3
60.8
46.2
14.6
0.4
4.5
9.7
4.9
6.0
54.8
40.2
14.6
3.6
12.1
1.3
1.7
9.1
2.8
1.0
2.6
2009.Q2
61.9
45.9
16.0
0.5
4.8
10.7
6.4
5.9
56.0
39.9
16.1
3.6
12.2
1.3
1.8
9.1
2.7
1.0
2.4
Dec-07
64.3
48.5
15.8
0.5
4.8
10.5
6.3
7.1
57.2
41.4
15.8
4.2
13.4
1.4
1.9
10.1
2.9
1.1
2.7
4.4
10.6
4.6
10.7
4.4
10.6
4.1
10.7
4.0
10.4
4.6
10.4
7.5
7.0
6.4
6.8
7.2
6.9
2010.Q3
61.3
46.6
14.7
0.5
4.6
9.6
5.0
6.0
55.2
40.6
14.6
3.5
11.8
1.3
1.7
8.8
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, School of Management, Marist College
Percent change
Percent change Q3.10 and peak
Q3.10 and near of last Business
term low
Cycle
1.49%
3.79%
0.68%
25.00%
2.22%
-6.80%
2.04%
7.14%
0.73%
4.10%
0.00%
0.00%
0.85%
0.00%
0.00%
1.15%
N/A
0.00%
8.33%
-4.67%
-3.92%
-6.96%
0.00%
-4.17%
-8.57%
-20.63%
-15.49%
-3.50%
-1.93%
-7.59%
-16.67%
-11.94%
-7.14%
-10.53%
-12.87%
-100.00%
-18.18%
-3.70%
4.4
10.3
10.00%
2.91%
0.00%
2.91%
6.8
17.19%
10.29%
12/18/2010
Page 10 of 35
Total U.S. NonFarm Employees
(Seasonally Adjusted in Thousands)
Month
2010
2009
2008
2007
2006
2005
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
129,602
129,641
129,849
130,162
130,594
130,419
130,353
130,352
130,311
133,549
132,823
132,070
131,488
131,141
130,637
130,293
130,082
129,857
129,633
129,697
129,547
137,941
137,891
137,858
137,709
137,478
137,285
137,075
136,741
136,283
135,729
135,001
134,328
137,067
137,171
137,410
137,502
137,651
137,706
137,686
137,615
137,667
137,753
137,881
137,951
135,075
135,401
135,705
135,879
135,910
135,979
136,211
136,352
136,452
136,495
136,696
136,873
132,453
132,693
132,835
133,195
133,364
133,610
133,979
134,174
134,237
134,321
134,655
134,813
Average
% Change
130,143
-0.58%
130,901
-4.30%
136,777
-0.59%
137,588
1.10%
136,086
1.79%
133,694
1.73%
Monthly Changes in LABSTAT Series Report
(in Thousands)
Period
2010
2009
2008
2007
2006
2005
Jan-Feb
Feb-Mar
Mar-Apr
Apr-May
May-Jun
Jun-Jul
Jul-Aug
Aug-Sep
Sep-Oct
Oct-Nov
Nov-Dec
Dec-Jan
39
208
313
432
(175)
(66)
(1)
(41)
(726)
(753)
(582)
(347)
(504)
(344)
(211)
(225)
(224)
64
(150)
(20)
(50)
(33)
(149)
(231)
(193)
(210)
(334)
(458)
(554)
(728)
(673)
(779)
104
239
92
149
55
(20)
(71)
52
86
128
70
(10)
326
304
174
31
69
232
141
100
43
201
177
194
240
142
360
169
246
369
195
63
84
334
158
262
Total
Average
709
89
(4,022)
(335)
(4,392)
(366)
874
73
1,992
166
2,622
219
*All numbers have been adjusted for recent changes
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 11 of 35
Month to Month Change in Non-Farm Employment
(in thousands)
313
400
208
(41)
Jul-Aug/10
Aug-Sep/10
Jun-Jul/10
May-Jun/10
Apr-May/10
Mar-Apr/10
Jan-Feb/10
Feb-Mar/10
39
Dec-Jan/09
Nov-Dec/09
(224)
Aug-Sep/09
Sep-Oct/09
Oct-Nov/09
(225)
(753)
Feb-Mar/ 09
(728)
Aug-Sep/08
Sep-Oct/08
Oct-Nov/08
Nov-Dec/08
Dec-Jan/08
Jan-Feb/ 09
(779)
(726)
Mar-Apr/09
Apr-May/09
May-Jun/09
Jun-Jul/09
Jul-Aug/09
(344)
(347)
(554)
(458)
Jul-Aug/08
Jun-Jul/08
Apr-May/08
Mar-Apr/08
Feb-Mar/08
(149)
(231)
(210)
(334)
(673)
(582)
(211)
(150)
(20)
(175)
(66)
(1)
(1,000)
(33)
64
200
12/18/2010
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
(504)
(800)
May-Jun/08
(600)
(193)
(400)
Jan-Feb/08
(200)
(50)
-
432
600
Page 12 of 35
Wage and hours data for Manufacturing workers (NAICS 30)
Average Weekly Hours
New York City**
January
February
March
April
May
June
July
August
September
October
November
December
2010
41.6
39.3
40.6
40.4
41.0
40.5
40.1
40.8
41.5
2009
39.0
38.3
38.5
38.5
39.2
39.5
38.7
38.4
38.8
39.4
38.9
38.7
2008
37.3
38.5
38.4
38.4
37.4
37.6
37.5
37.1
37.0
38.4
38.4
39.8
2007
38.4
37.9
37.3
39.0
40.6
40.7
40.4
39.4
40.0
39.9
40.4
42.3
2006
35.2
36.2
36.0
35.1
37.2
38.3
35.8
35.8
37.2
37.8
37.7
39.2
2005
37.7
37.7
38.0
38.7
38.4
37.3
35.8
38.9
34.9
35.1
35.4
36.6
2004
35.7
35.6
36.4
34.6
36.4
36.0
34.6
36.2
35.7
37.6
38.1
37.6
2003
38.4
37.4
37.0
36.3
36.9
36.8
36.0
34.6
36.4
36.3
36.3
36.0
New York State**
January
February
March
April
May
June
July
August
September
October
November
December
2010
38.4
38.1
38.8
39.2
39.3
39.5
39.2
39.4
39.0
2009
37.1
37.3
37.3
36.8
37.7
38.3
37.6
38.3
38.3
38.5
38.6
39.0
2008
38.4
38.5
39.1
38.7
38.6
38.8
38.0
38.6
38.3
37.9
38.1
37.9
2007
39.1
38.1
38.5
39.0
39.1
39.1
38.8
38.7
39.2
38.7
38.9
39.4
2006
40.7
41.3
41.7
40.0
41.2
41.5
40.3
41.0
41.5
40.8
41.1
41.8
2005
39.3
39.4
39.2
39.6
39.4
39.1
38.5
39.2
39.9
40.5
40.2
40.4
2004
39.6
39.6
39.7
39.1
39.9
39.6
38.9
39.7
39.5
39.7
40.2
40.5
2003
40.3
40.3
40.3
39.9
40.1
40.0
39.0
38.9
40.2
40.1
40.2
40.4
United States*
January
February
March
April
May
June
July
August
September
October
November
December
2010
39.9
39.7
40
40.1
40.5
40.1
40.1
40.2
40.2
2009
39.8
39.1
38.7
38.7
38.7
38.7
38.8
39.1
39
39.1
39.6
39.6
2008
40.1
40.1
40.4
40.1
40.0
40.1
39.7
39.7
39.5
39.5
39.5
39.1
2007
40.0
39.9
40.1
40.2
40.1
40.0
40.1
39.9
40.0
2006
40.9
41.0
41.1
40.1
40.1
40.0
40.0
39.8
39.8
39.8
39.7
39.9
2005
40.7
40.6
40.4
40.5
40.4
40.4
40.5
40.6
40.7
41.0
40.8
40.8
2004
41.0
41.0
40.9
40.8
40.4
40.7
40.8
40.9
40.8
40.7
40.5
40.5
2003
40.3
40.4
40.4
40.1
40.2
40.3
40.1
40.2
40.8
40.7
41.2
41.3
39.7
39.9
40.2
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 13 of 35
Wage and hours data for Manufacturing workers (NAICS 30)
Average Weekly Earnings
New York City
January
February
March
April
May
June
July
August
September
October
November
December
2010
$648.96
$633.12
$649.19
$633.07
$630.99
$649.62
$615.13
$631.18
$646.99
2009
$638.82
$633.87
$651.81
$651.42
$671.10
$662.02
$625.01
$640.90
$633.60
$643.80
$624.73
$634.68
2008
$593.07
$614.85
$612.10
$610.94
$592.42
$607.62
$609.75
$593.60
$604.58
$614.78
$615.17
$651.13
2007
$610.18
$602.61
$587.10
$601.38
$592.76
$610.50
$589.03
$574.85
$597.20
$586.53
$587.01
$619.70
2006
$529.41
$540.10
$560.88
$540.89
$555.77
$574.50
$547.74
$554.54
$555.02
$587.03
$581.71
$648.76
2005
$571.16
$569.27
$567.34
$594.43
$610.18
$593.82
$547.74
$580.00
$532.23
$527.55
$562.51
$561.08
2004
$499.44
$496.98
$507.05
$485.78
$506.69
$522.36
$511.39
$515.85
$509.44
$527.90
$557.40
$566.26
2003
$519.55
$483.96
$506.16
$502.03
$504.05
$502.69
$516.60
$491.67
$523.07
$489.32
$507.11
$506.88
New York State
January
February
March
April
May
June
July
August
September
October
November
December
2010
$737.35
$737.35
$746.23
$744.19
$750.06
$747.25
$745.42
$749.70
$740.34
2009
$684.94
$705.41
$701.57
$702.67
$714.40
$731.41
$724.78
$741.42
$759.09
$757.24
$740.48
$749.73
2008
$724.40
$729.20
$738.07
$742.96
$730.36
$734.42
$730.39
$742.50
$743.16
$739.31
$732.65
$729.15
2007
$753.36
$731.67
$749.18
$767.75
$759.53
$774.38
$748.37
$771.86
$769.83
$735.07
$749.43
$750.83
2006
$722.02
$744.23
$757.27
$735.60
$758.08
$764.85
$738.30
$757.27
$757.38
$749.50
$756.65
$772.46
2005
$697.97
$698.96
$688.35
$703.69
$698.17
$697.15
$675.68
$700.11
$713.81
$713.61
$721.59
$724.37
2004
$679.93
$673.20
$671.72
$672.52
$688.67
$682.70
$666.75
$687.60
$697.97
$688.00
$701.49
$718.47
2003
$676.64
$673.01
$674.62
$665.93
$669.67
$664.00
$645.84
$656.63
$678.98
$670.07
$679.78
$694.88
United States
January
February
March
April
May
June
July
August
September
October
November
December
2010
$753.38
$748.04
$757.27
$761.38
$770.24
$760.14
$763.23
$764.05
$767.97
2009
$716.80
$714.56
$714.72
$718.74
$716.93
$717.72
$728.57
$732.40
$733.76
$736.40
$744.39
$744.39
2008
$719.66
$723.88
$728.53
$726.77
$725.29
$728.16
$728.84
$725.83
$719.12
$723.39
$721.59
$715.21
2007
$697.82
$699.05
$706.23
$710.36
$709.88
$716.22
$714.90
$714.82
$716.97
$715.23
$719.03
$715.96
2006
$686.37
$688.45
$687.19
$689.69
$690.51
$691.34
$695.11
$691.71
$691.71
$694.59
$693.31
$698.70
2005
$666.67
$667.46
$665.82
$666.63
$667.81
$668.22
$669.02
$673.52
$675.62
$684.29
$682.21
$680.95
2004
$651.95
$654.77
$655.22
$655.66
$658.46
$655.68
$660.14
$662.58
$663.00
$660.16
$660.15
$663.81
2003
$628.28
$627.92
$631.86
$625.20
$629.93
$633.52
$629.60
$634.36
$640.71
$642.70
$650.31
$647.94
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 14 of 35
Wage and hours data for Manufacturing workers (NAICS 30)
Average Hourly Earnings
New York City
January
February
March
April
May
June
July
August
September
October
November
December
2010
$15.60
$16.11
$15.99
$15.67
$15.39
$16.04
$15.34
$15.47
$15.59
2009
$16.38
$16.55
$16.93
$16.92
$17.12
$16.76
$16.15
$16.69
$16.33
$16.34
$16.06
$16.40
2008
$15.90
$15.97
$15.94
$15.91
$15.84
$16.16
$16.26
$16.00
$16.34
$16.01
$16.02
$16.36
2007
$15.89
$15.90
$15.74
$15.42
$14.60
$15.00
$14.58
$14.59
$14.93
$14.70
$14.53
$14.65
2006
$15.04
$14.92
$15.58
$15.41
$14.94
$15.00
$15.30
$15.49
$14.92
$15.53
$15.43
$16.55
2005
$15.15
$15.10
$14.93
$15.36
$15.89
$15.92
$15.30
$14.91
$15.25
$15.03
$15.89
$15.33
2004
$13.99
$13.96
$13.93
$14.04
$13.92
$14.51
$14.78
$14.25
$14.27
$14.04
$14.63
$15.06
2003
$13.53
$12.94
$13.68
$13.83
$13.66
$13.66
$14.35
$14.21
$14.37
$13.48
$13.97
$14.08
New York State
January
February
March
April
May
June
July
August
September
October
November
December
2010
$18.48
$18.62
$18.38
$18.24
$18.52
$18.36
$18.36
$18.33
$18.28
2009
$18.12
$18.37
$18.27
$18.54
$18.46
$18.47
$18.68
$18.77
$18.93
$18.79
$18.42
$18.65
2008
$18.11
$18.23
$18.36
$18.39
$18.49
$18.64
$18.68
$18.75
$18.91
$18.86
$18.69
$18.89
2007
$18.33
$18.43
$18.59
$18.68
$18.48
$18.75
$18.57
$18.78
$18.64
$18.24
$18.19
$18.18
2006
$17.74
$18.02
$18.16
$18.39
$18.40
$18.43
$18.32
$18.47
$18.25
$18.37
$18.41
$18.48
2005
$17.76
$17.74
$17.56
$17.77
$17.72
$17.83
$17.55
$17.86
$17.89
$17.62
$17.95
$17.93
2004
$17.17
$17.00
$16.92
$17.20
$17.26
$17.24
$17.14
$17.32
$17.67
$17.33
$17.45
$17.74
2003
$16.79
$16.70
$16.74
$16.69
$16.70
$16.60
$16.56
$16.88
$16.89
$16.71
$16.91
$17.20
United States
January
February
March
April
May
June
July
August
September
October
November
December
2010
$18.42
$18.47
$18.47
$18.48
$18.56
$18.54
$18.57
$18.59
$18.64
2009
$18.01
$18.09
$18.14
$18.15
$18.15
$18.17
$18.26
$18.31
$18.39
$18.41
$18.38
$18.37
2008
$17.51
$17.57
$17.64
$17.64
$17.69
$17.76
$17.82
$17.79
$17.80
$17.95
$17.95
$17.97
2007
$17.02
$17.05
$17.10
$17.20
$17.23
$17.30
$17.31
$17.35
$17.36
$17.36
$17.41
$17.42
2006
$16.70
$16.71
$16.72
$16.74
$16.76
$16.78
$16.79
$16.83
$16.83
$16.90
$16.91
$17.00
2005
$16.38
$16.44
$16.44
$16.46
$16.53
$16.54
$16.56
$16.63
$16.60
$16.69
$16.68
$16.69
2004
$15.94
$15.97
$16.02
$16.07
$16.06
$16.11
$16.18
$16.20
$16.29
$16.26
$16.30
$16.35
2003
$15.59
$15.62
$15.64
$15.63
$15.67
$15.72
$15.74
$15.78
$15.82
$15.83
$15.92
$15.92
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 15 of 35
Average Weekly Earnings of Manufacturing Workers
$775.00
$725.00
NYS
Dollars
$675.00
$625.00
USA
$575.00
`
$525.00
$475.00
$425.00
NYC
2003
2004
2005
2006
NYC
2007
NYS
2008
2009
2010
USA
Length of Average Work Week for Manufacturing Workers
43.0
42.0
USA
41.0
40.0
NYS
Hours
39.0
38.0
37.0
NYC
36.0
35.0
34.0
2003
2004
2005
2006
NYC
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
2007
NYS
2008
2009
2010
USA
12/18/2010
Page 16 of 35
Food Stamps - Recipients
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
14,580
13,898
13,378
12,982
12,710
12,159
Dutchess
61,986
59,955
57,087
54,273
50,670
47,465
Greene
15,858
15,747
15,588
14,846
14,139
13,588
Orange
116,587
112,727
106,702
100,256
93,845
90,086
Putnam
5,406
5,309
5,214
5,009
4,581
4,181
105,044
100,520
95,295
91,758
87,677
83,066
Sullivan
31,508
31,348
30,696
28,410
26,470
25,623
Ulster
55,034
52,908
51,221
47,743
44,929
41,931
Westchester
200,229
191,553
185,520
178,739
168,186
156,966
Hudson Valley Total
606,232
583,965
560,701
534,016
503,207
475,065
New York City
5,296,347
5,147,814
5,006,681
4,871,893
4,675,680
4,420,075
New York State
8,630,578
8,400,454
8,166,655
7,896,345
7,542,569
7,150,986
Rockland
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009 Q2
Columbia
4.91%
3.89%
3.05%
2.14%
4.53%
8.55%
Dutchess
3.39%
5.02%
5.18%
7.11%
6.75%
8.24%
Greene
0.70%
1.02%
5.00%
5.00%
4.06%
6.68%
Orange
3.42%
5.65%
6.43%
6.83%
4.17%
5.45%
Putnam
1.83%
1.82%
4.09%
9.34%
9.57%
16.17%
Rockland
4.50%
5.48%
3.85%
4.65%
5.55%
5.57%
Sullivan
0.51%
2.12%
8.05%
7.33%
3.31%
5.97%
Ulster
4.02%
3.29%
7.28%
6.26%
7.15%
8.91%
Westchester
4.53%
3.25%
3.79%
6.27%
7.15%
6.29%
Hudson Valley Total
3.81%
4.15%
5.00%
6.12%
5.92%
6.55%
New York City
2.89%
2.82%
2.77%
4.20%
5.78%
5.92%
New York State
2.74%
2.86%
3.42%
4.69%
5.48%
5.88%
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 17 of 35
Food Stamps - Expenditures
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$2,160,916
$2,085,709
$1,974,299
$1,879,319
$1,856,871
$1,777,138
Dutchess
$8,924,109
$8,703,996
$8,265,388
$7,864,094
$7,397,906
$6,998,023
Greene
$2,242,288
$2,223,994
$2,233,355
$2,116,625
$2,005,684
$1,928,537
Orange
$16,354,892
$15,982,910
$15,387,535
$14,798,877
$13,894,427
$13,227,481
Putnam
$758,971
$752,310
$730,141
$677,530
$628,940
$602,005
$14,927,503
$14,344,795
$13,704,090
$13,170,004
$12,549,551
$11,945,796
Sullivan
$4,368,605
$4,358,780
$4,314,575
$4,035,444
$3,752,947
$3,660,263
Ulster
$7,777,761
$7,506,283
$7,302,294
$6,799,438
$6,425,981
$6,018,236
Westchester
$29,329,693
$27,995,311
$27,299,468
$26,267,776
$24,775,050
$23,188,773
Hudson Valley Total
$86,844,738
$83,954,088
$81,211,145
$77,609,107
$73,287,357
$69,346,252
$839,395,038
$817,702,261
$800,667,812
$778,981,098
$747,399,332
Rockland
New York City
New York State
$1,304,363,887 $1,272,061,401 $1,245,342,464 $1,203,847,838
$708,030,390
$1,153,163,927 $1,098,281,437
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
3.61%
5.64%
5.05%
1.21%
4.49%
29.16%
Dutchess
2.53%
5.31%
5.10%
6.30%
5.71%
27.87%
Greene
0.82%
-0.42%
5.51%
5.53%
4.00%
24.64%
Orange
2.33%
3.87%
3.98%
6.51%
5.04%
21.25%
Putnam
0.89%
3.04%
7.77%
7.73%
4.47%
37.08%
Rockland
4.06%
4.68%
4.06%
4.94%
5.05%
23.23%
Sullivan
0.23%
1.02%
6.92%
7.53%
2.53%
23.95%
Ulster
3.62%
2.79%
7.40%
5.81%
6.78%
27.91%
Westchester
4.77%
2.55%
3.93%
6.03%
6.84%
24.25%
Hudson Valley Total
3.44%
3.38%
4.64%
5.90%
5.68%
24.37%
New York City
2.65%
2.13%
2.78%
4.23%
5.56%
23.51%
New York State
2.54%
2.15%
3.45%
4.40%
5.00%
23.88%
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 18 of 35
Total Temporary Assistance - Recipients
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
2,839
2,865
2,516
2,435
2,325
2,416
Dutchess
9,548
9,229
8,764
8,482
7,891
7,498
Greene
3,008
2,990
3,078
2,928
2,825
2,673
Orange
20,144
19,749
18,996
19,167
18,358
16,995
Putnam
394
384
333
347
361
336
Rockland
8,805
8,934
8,714
8,375
8,035
7,568
Sullivan
5,978
6,162
5,894
5,636
5,395
5,517
Ulster
8,996
8,924
9,009
8,594
8,175
7,921
43,636
42,915
42,873
42,613
41,275
40,157
Hudson Valley
103,348
102,152
100,177
98,577
94,640
91,081
New York City
1,019,914
1,025,822
1,049,529
1,062,393
1,034,252
1,026,094
New York State
1,633,013
1,627,177
1,640,755
1,642,009
1,593,510
1,568,140
Westchester
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
-0.91%
13.87%
3.33%
4.73%
-3.77%
11.13%
Dutchess
3.46%
5.31%
3.32%
7.49%
5.24%
3.78%
Greene
0.60%
-2.86%
5.12%
3.65%
5.69%
0.19%
Orange
2.00%
3.96%
-0.89%
4.41%
8.02%
8.51%
Putnam
2.60%
15.32%
-4.03%
-3.88%
7.44%
10.16%
Rockland
-1.44%
2.52%
4.05%
4.23%
6.17%
3.25%
Sullivan
-2.99%
4.55%
4.58%
4.47%
-2.21%
8.73%
Ulster
0.81%
-0.94%
4.83%
5.13%
3.21%
5.23%
Westchester
1.68%
0.10%
0.61%
3.24%
2.78%
2.82%
Hudson Valley
1.17%
1.97%
1.62%
4.16%
3.91%
4.67%
New York City
-0.58%
-2.26%
-1.21%
2.72%
0.80%
0.60%
0.36%
-0.83%
-0.08%
3.04%
1.62%
1.22%
New York State
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 19 of 35
Total Temporary Assistance - Expenditures
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$1,005,353
$1,232,974
$916,994
$852,800
$877,936
$1,066,512
Dutchess
$4,223,487
$3,635,804
$3,693,617
$3,397,543
$3,031,709
$3,317,787
Greene
$941,079
$898,864
$930,383
$896,746
$834,365
$818,603
Orange
$7,368,005
$8,379,391
$7,162,725
$8,480,092
$7,333,215
$6,915,306
Putnam
$206,128
$183,093
$192,299
$162,556
$172,888
$180,198
Rockland
$2,816,777
$3,120,859
$2,923,243
$2,679,512
$2,519,836
$2,390,311
Sullivan
$2,025,505
$2,243,807
$2,070,642
$1,923,560
$1,867,267
$2,037,339
Ulster
$3,027,802
$3,563,733
$3,278,623
$3,349,548
$3,003,171
$3,073,806
Westchester
$20,618,928
$22,986,336
$20,747,994
$20,865,059
$19,769,938
$21,008,628
Hudson Valley
$42,233,064
$46,244,861
$41,916,520
$42,607,416
$39,410,325
$40,808,490
New York City
$336,416,647
$322,838,640
$328,300,339
$340,813,174
$332,184,941
$318,944,634
New York State
$529,780,755
$517,325,882
$514,264,143
$521,026,026
$503,887,382
$489,195,147
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
-18.46%
34.46%
7.53%
-2.86%
-17.68%
41.86%
Dutchess
16.16%
-1.57%
8.71%
12.07%
-8.62%
6.77%
Greene
4.70%
-3.39%
3.75%
7.48%
1.93%
9.71%
Orange
-12.07%
16.99%
-15.53%
15.64%
6.04%
17.78%
Putnam
12.58%
-4.79%
18.30%
-5.98%
-4.06%
12.14%
Rockland
-9.74%
6.76%
9.10%
6.34%
5.42%
2.86%
Sullivan
-9.73%
8.36%
7.65%
3.01%
-8.35%
14.50%
Ulster
-15.04%
8.70%
-2.12%
11.53%
-2.30%
6.09%
Westchester
-10.30%
10.79%
-0.56%
5.54%
-5.90%
9.24%
Hudson Valley
-8.68%
10.33%
-1.62%
8.11%
-3.43%
10.68%
New York City
4.21%
-1.66%
-3.67%
2.60%
4.15%
0.15%
New York State
2.41%
0.60%
-1.30%
3.40%
3.00%
1.50%
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 20 of 35
Family Assistance - Recipients
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
1,551
1,542
1,430
1,348
1,324
1,350
Dutchess
5,361
5,200
5,040
4,957
4,638
4,497
Greene
1,597
1,526
1,682
1,569
1,576
1,444
Orange
11,081
10,902
10,565
10,774
10,104
9,460
Putnam
195
231
190
201
193
160
Rockland
4,650
4,804
4,658
4,367
4,177
3,810
Sullivan
3,301
3,351
3,219
3,283
3,155
3,204
Ulster
5,040
4,829
4,817
4,658
4,453
4,392
Westchester
22,236
21,867
21,649
21,132
20,228
19,506
Hudson Valley
55,012
54,252
53,250
52,289
49,848
47,823
New York City
438,924
440,789
453,843
470,671
460,074
449,710
New York State
759,161
752,068
763,648
777,057
755,519
735,495
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
0.58%
7.83%
6.08%
1.81%
-1.93%
6.55%
Dutchess
3.10%
3.17%
1.67%
6.88%
3.14%
3.05%
Greene
4.65%
-9.27%
7.20%
-0.44%
9.14%
-5.37%
Orange
1.64%
3.19%
-1.94%
6.63%
6.81%
4.30%
Putnam
-15.58%
21.58%
-5.47%
4.15%
20.63%
-6.43%
Rockland
-3.21%
3.13%
6.66%
4.55%
9.63%
3.03%
Sullivan
-1.49%
4.10%
-1.95%
4.06%
-1.53%
7.09%
Ulster
4.37%
0.25%
3.41%
4.60%
1.39%
3.10%
Westchester
1.69%
1.01%
2.45%
4.47%
3.70%
2.10%
Hudson Valley
1.40%
1.88%
1.84%
4.90%
4.23%
2.95%
New York City
-0.42%
-2.88%
-3.58%
2.30%
2.30%
0.21%
0.94%
-1.52%
-1.73%
2.85%
2.72%
0.73%
New York State
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 21 of 35
Family Assistance - Expenditures
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$430,179
$490,382
$373,546
$332,403
$335,825
$359,178
Dutchess
$2,077,500
$1,655,330
$1,757,646
$1,636,533
$1,517,735
$1,483,354
Greene
$424,627
$366,007
$398,348
$398,277
$379,110
$366,091
Orange
$3,699,531
$4,182,167
$3,493,105
$4,278,624
$3,463,371
$3,118,844
Putnam
$84,132
$88,571
$101,445
$82,967
$65,132
$57,479
$1,375,183
$1,647,249
$1,470,957
$1,341,949
$1,193,050
$1,143,975
$896,208
$915,976
$866,661
$873,286
$851,201
$960,590
Ulster
$1,508,482
$1,648,603
$1,497,294
$1,433,038
$1,359,522
$1,315,578
Westchester
$9,223,361
$10,201,326
$9,933,365
$8,873,210
$8,550,442
$8,819,349
Hudson Valley
$19,719,203
$21,195,611
$19,892,367
$19,250,287
$17,715,388
$17,624,438
New York City
$122,530,692
$117,388,071
$120,818,456
$133,077,710
$130,692,339
$123,859,993
New York State
$214,314,209
$208,703,704
$208,410,691
$218,091,885
$210,956,348
$202,425,564
Rockland
Sullivan
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
-12.28%
31.28%
12.38%
-1.02%
-6.50%
20.49%
Dutchess
25.50%
-5.82%
7.40%
7.83%
2.32%
3.02%
Greene
16.02%
-8.12%
0.02%
5.06%
3.56%
3.09%
Orange
-11.54%
19.73%
-18.36%
23.54%
11.05%
9.26%
Putnam
-5.01%
-12.69%
22.27%
27.38%
13.31%
-24.47%
-16.52%
11.98%
9.61%
12.48%
4.29%
2.87%
Sullivan
-2.16%
5.69%
-0.76%
2.59%
-11.39%
12.63%
Ulster
-8.50%
10.11%
4.48%
5.41%
3.34%
0.03%
Westchester
-9.59%
2.70%
11.95%
3.77%
-3.05%
16.28%
Hudson Valley
-6.97%
6.55%
3.34%
8.66%
0.52%
10.93%
New York City
4.38%
-2.84%
-9.21%
1.83%
5.52%
-1.17%
New York State
2.69%
0.14%
-4.44%
3.38%
4.21%
0.63%
Rockland
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 22 of 35
Safety Net Assistance - Recipients
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
1,288
1,323
1,086
1,087
1,001
1,066
Dutchess
4,187
4,029
3,724
3,525
3,253
3,001
Greene
1,411
1,464
1,450
1,359
1,249
1,229
Orange
9,063
8,847
8,431
8,393
8,254
7,535
Putnam
199
153
143
146
168
176
Rockland
4,155
4,130
4,056
4,008
3,858
3,758
Sullivan
2,677
2,811
2,675
2,353
2,240
2,313
Ulster
3,956
4,095
4,192
3,936
3,722
3,529
Westchester
21,400
21,048
21,224
21,481
21,047
20,651
Hudson Valley
48,336
47,900
46,981
46,288
44,792
43,258
New York City
580,990
585,033
595,686
591,722
574,178
576,384
New York State
873,852
875,109
877,107
864,952
837,991
832,645
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
-2.65%
21.82%
-0.09%
8.59%
-6.10%
17.53%
Dutchess
3.92%
8.19%
5.65%
8.36%
8.40%
4.89%
Greene
-3.62%
0.97%
6.70%
8.81%
1.63%
7.62%
Orange
2.44%
4.93%
0.45%
1.68%
9.54%
14.31%
Putnam
30.07%
6.99%
-2.05%
-13.10%
-4.55%
31.34%
0.61%
1.82%
1.20%
3.89%
2.66%
3.47%
Sullivan
-4.77%
5.08%
13.68%
5.04%
-3.16%
11.10%
Ulster
-3.39%
-2.31%
6.50%
5.75%
5.47%
8.02%
Westchester
1.67%
-0.83%
-1.20%
2.06%
1.92%
3.50%
Hudson Valley
0.91%
1.96%
1.50%
3.34%
3.55%
6.63%
New York City
-0.69%
-1.79%
0.67%
3.06%
-0.38%
0.90%
New York State
-0.14%
-0.23%
1.41%
3.22%
0.64%
1.67%
Rockland
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 23 of 35
Safety Net Assistance - Expenditures
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$575,174
$742,592
$543,448
$520,397
$542,111
$707,334
Dutchess
$2,145,987
$1,980,474
$1,935,971
$1,761,010
$1,513,974
$1,834,433
Greene
$516,452
$532,857
$532,035
$498,469
$455,255
$452,512
Orange
$3,668,474
$4,197,224
$3,669,620
$4,201,468
$3,869,844
$3,796,462
Putnam
$121,996
$94,522
$90,854
$79,589
$107,756
$122,719
Rockland
$1,441,594
$1,473,610
$1,452,286
$1,337,563
$1,326,786
$1,246,336
Sullivan
$1,129,297
$1,327,831
$1,203,981
$1,050,274
$1,016,066
$1,076,749
Ulster
$1,519,320
$1,915,130
$1,781,329
$1,916,510
$1,643,649
$1,758,228
Westchester
$11,395,567
$12,785,010
$10,814,629
$11,991,849
$11,219,496
$12,189,279
Hudson Valley
$22,513,861
$25,049,250
$22,024,153
$23,357,129
$21,694,937
$23,184,052
New York City
$213,885,955
$205,450,569
$207,481,883
$207,735,464
$201,492,602
$195,084,641
New York State
$315,466,546
$308,622,178
$305,853,452
$302,934,141
$292,931,034
$286,769,583
2009.Q3
2009.Q2
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
Columbia
-22.55%
36.64%
4.43%
-4.01%
-23.36%
55.90%
Dutchess
8.36%
2.30%
9.94%
16.32%
-17.47%
10.00%
Greene
-3.08%
0.15%
6.73%
9.49%
0.61%
15.73%
Orange
-12.60%
14.38%
-12.66%
8.57%
1.93%
25.85%
Putnam
29.07%
4.04%
14.15%
-26.14%
-12.19%
45.08%
Rockland
-2.17%
1.47%
8.58%
0.81%
6.45%
2.84%
Sullivan
-14.95%
10.29%
14.63%
3.37%
-5.64%
16.22%
Ulster
-20.67%
7.51%
-7.05%
16.60%
-6.52%
11.12%
Westchester
-10.87%
18.22%
-9.82%
6.88%
-7.96%
4.65%
Hudson Valley
-10.12%
13.74%
-5.71%
7.66%
-6.42%
10.49%
New York City
4.11%
-0.98%
-0.12%
3.10%
3.28%
1.01%
New York State
2.22%
0.91%
0.96%
3.41%
2.15%
2.12%
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 24 of 35
Supplemental Social Security Income - Recipients
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
4,698
4,664
4,664
4,658
4,636
4,634
Dutchess
15,177
14,905
14,636
14,667
14,470
14,535
Greene
3,859
3,820
3,835
3,858
3,850
3,812
Orange
19,846
19,614
19,487
19,439
19,164
19,269
Putnam
2,497
2,441
2,453
2,465
2,420
2,474
10,192
14,503
14,443
14,585
14,288
14,249
7,762
7,636
7,531
7,539
7,461
7,455
Ulster
12,559
12,428
12,395
12,403
12,222
12,265
Westchester
51,545
50,870
50,456
50,435
49,875
49,955
Hudson Valley
128,135
130,881
129,900
130,049
128,386
128,648
New York City
1,258,352
1,250,328
1,247,699
1,250,696
1,240,307
1,241,266
New York State
2,034,463
2,017,325
2,010,354
2,014,473
1,995,892
1,997,781
Rockland
Sullivan
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
0.73%
0.00%
0.13%
0.47%
0.04%
0.26%
Dutchess
1.82%
1.84%
-0.21%
1.36%
-0.45%
1.35%
Greene
1.02%
-0.39%
-0.60%
0.21%
1.00%
-1.37%
Orange
1.18%
0.65%
0.25%
1.43%
-0.54%
0.34%
Putnam
2.29%
-0.49%
-0.49%
1.86%
-2.18%
-0.28%
-29.72%
0.42%
-0.97%
2.08%
0.27%
1.07%
Sullivan
1.65%
1.39%
-0.11%
1.05%
0.08%
-0.61%
Ulster
1.05%
0.27%
-0.06%
1.48%
-0.35%
0.29%
Westchester
1.33%
0.82%
0.04%
1.12%
-0.16%
0.05%
Hudson Valley
-2.10%
0.76%
-0.11%
1.30%
-0.20%
0.29%
New York City
0.64%
0.21%
-0.24%
0.84%
-0.08%
0.32%
New York State
0.85%
0.35%
-0.20%
0.93%
-0.09%
0.41%
Rockland
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 25 of 35
Supplemental Social Security Income - Expenditures
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$2,550,699
$2,458,676
$2,636,135
$2,509,623
$2,470,444
$2,669,310
Dutchess
$8,459,147
$8,325,825
$8,062,573
$8,399,010
$7,947,294
$8,030,618
Greene
$2,084,746
$2,060,522
$2,101,439
$2,028,453
$1,983,787
$2,048,672
Orange
$10,639,175
$10,456,253
$10,449,260
$10,455,586
$10,166,183
$10,262,695
Putnam
$1,288,418
$1,218,884
$1,323,484
$1,282,337
$1,248,034
$1,244,841
Rockland
$8,074,479
$7,942,230
$7,939,015
$8,030,703
$7,767,091
$7,809,171
Sullivan
$4,114,214
$3,997,099
$3,839,310
$3,868,949
$3,843,847
$3,963,265
Ulster
$6,889,366
$6,720,213
$6,703,118
$7,058,383
$6,733,700
$6,681,324
Westchester
$27,233,538
$26,873,416
$26,614,368
$26,581,784
$26,246,671
$26,487,532
Hudson Valley
$71,333,782
$70,053,118
$69,668,702
$70,214,828
$68,407,051
$69,197,428
New York City
$721,011,759
$716,313,526
$717,516,093
$718,282,013
$707,822,956
$711,953,664
New York State
$1,147,631,618 $1,138,897,472 $1,135,193,517 $1,140,439,540 $1,121,286,497 $1,132,039,544
Quarterly Percentage Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
3.74%
-6.73%
5.04%
1.59%
-7.45%
3.76%
Dutchess
1.60%
3.27%
-4.01%
5.68%
-1.04%
1.68%
Greene
1.18%
-1.95%
3.60%
2.25%
-3.17%
-2.35%
Orange
1.75%
0.07%
-0.06%
2.85%
-0.94%
2.46%
Putnam
5.70%
-7.90%
3.21%
2.75%
0.26%
2.05%
Rockland
1.67%
0.04%
-1.14%
3.39%
-0.54%
1.79%
Sullivan
2.93%
4.11%
-0.77%
0.65%
-3.01%
-1.68%
Ulster
2.52%
0.26%
-5.03%
4.82%
0.78%
2.97%
Westchester
1.34%
0.97%
0.12%
1.28%
-0.91%
1.66%
Hudson Valley
1.83%
0.55%
-0.78%
2.64%
-1.14%
1.69%
New York City
0.66%
-0.17%
-0.11%
1.48%
-0.58%
0.82%
New York State
0.77%
0.33%
-0.46%
1.71%
-0.95%
1.27%
Source: New York State Office of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 26 of 35
Home Energy Assistance - Recipients
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
20,673
20,442
10,995
7,144
12,542
12,341
Dutchess
52,776
51,899
31,653
22,820
31,645
30,675
Greene
25,372
24,852
14,074
9,233
16,129
15,675
Orange
86,245
84,412
45,382
33,010
54,403
49,270
Putnam
8,057
7,924
4,224
2,881
4,501
4,442
Rockland
50,305
49,426
30,517
25,073
34,824
32,970
Sullivan
38,627
38,375
23,614
14,678
26,375
25,898
Ulster
72,113
71,259
41,945
26,456
46,696
45,705
Westchester
82,642
82,463
71,821
67,867
57,393
57,194
Hudson Valley
436,810
431,052
274,225
209,162
284,508
274,170
New York City
2,219,867
2,208,733
2,065,935
N/A
2,247,469
2,100,716
New York State
5,869,180
5,771,809
4,078,548
2,048,265
4,574,270
4,337,061
Quarterly Percent Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
1.13%
85.92%
53.91%
-43.04%
1.63%
20.26%
Dutchess
1.69%
63.96%
38.71%
-27.89%
3.16%
22.02%
Greene
2.09%
76.58%
52.43%
-42.76%
2.90%
21.83%
Orange
2.17%
86.00%
37.48%
-39.32%
10.42%
39.03%
Putnam
1.68%
87.59%
46.62%
-35.99%
1.33%
22.17%
Rockland
1.78%
61.96%
21.71%
-28.00%
5.62%
33.30%
Sullivan
0.66%
62.51%
60.88%
-44.35%
1.84%
20.38%
Ulster
1.20%
69.89%
58.55%
-43.34%
2.17%
26.88%
Westchester
0.22%
14.82%
5.83%
18.25%
0.35%
4.26%
Hudson Valley
1.34%
57.19%
31.11%
-26.48%
3.77%
22.14%
New York City
0.50%
6.91%
N/A
N/A
6.99%
19.64%
New York State
1.69%
41.52%
99.12%
-55.22%
5.47%
24.40%
Source: New York State Office and Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 27 of 35
Home Energy Assistance - Expenditures
Quarterly Sum
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$7,540,174
$7,415,027
$5,314,188
$3,149,064
$7,613,514
$7,516,486
Dutchess
$16,698,699
$16,283,381
$11,407,328
$6,653,813
$15,274,830
$14,657,751
Greene
$9,952,563
$9,774,030
$7,137,185
$4,463,499
$10,427,824
$10,153,033
Orange
$26,345,513
$25,723,180
$16,372,401
$10,078,840
$25,830,628
$23,214,455
Putnam
$2,628,063
$2,592,168
$1,751,578
$1,097,894
$2,246,188
$2,209,950
Rockland
$11,712,505
$11,433,489
$7,781,600
$5,512,584
$12,532,861
$11,601,832
Sullivan
$14,656,886
$14,516,123
$10,768,911
$5,771,762
$15,896,003
$15,576,397
Ulster
$25,524,999
$25,217,402
$17,937,925
$9,958,387
$27,145,269
$26,565,117
$9,074,569
$8,976,786
$6,838,014
$5,215,443
$7,541,437
$7,447,597
Hudson Valley
$124,133,971
$121,931,586
$85,309,130
$51,901,286
$124,508,554
$118,942,618
New York City
$141,866,268
$139,655,183
$113,822,579
N/A
$136,159,117
$129,317,264
$1,260,046,711
$1,236,150,285
$894,884,045
$533,445,946
$1,262,768,525
$1,214,373,930
Westchester
New York State
Quarterly Percent Change
Counties
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
1.69%
39.53%
68.75%
-58.64%
1.29%
18.50%
Dutchess
2.55%
42.74%
71.44%
-56.44%
4.21%
30.34%
Greene
1.83%
36.95%
59.90%
-57.20%
2.71%
21.69%
Orange
2.42%
57.11%
62.44%
-60.98%
11.27%
49.80%
Putnam
1.38%
47.99%
59.54%
-51.12%
1.64%
28.90%
Rockland
2.44%
46.93%
41.16%
-56.01%
8.02%
53.12%
Sullivan
0.97%
34.80%
86.58%
-63.69%
2.05%
22.31%
Ulster
1.22%
40.58%
80.13%
-63.31%
2.18%
28.32%
Westchester
1.09%
31.28%
31.11%
-30.84%
1.26%
21.09%
Hudson Valley
1.81%
42.93%
64.37%
-58.32%
4.68%
31.71%
New York City
1.58%
22.70%
N/A
N/A
5.29%
36.75%
New York State
1.93%
38.14%
67.76%
-57.76%
3.99%
29.93%
Source: New York State Office and Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 28 of 35
Sales: Existing Single Family Homes
2009.Q1-2010.Q3
2010
County
3rd Q
2009
2nd Q
1st Q
4th Q
3rd Q
% Change
2nd Q
3rd '10 to
1st '10
1st Q
2nd '10 to
4th '09
1st '10 to
3rd '09
Columbia
84
99
70
135
100
75
49
20.00%
-26.67%
-30.00%
Dutchess
491
686
409
701
723
516
374
20.05%
-2.14%
-43.43%
Greene
54
84
71
103
99
69
46
-23.94%
-18.45%
-28.28%
Orange
435
561
305
635
619
429
310
42.62%
-11.65%
-50.73%
Putnam
132
184
124
169
159
131
88
6.45%
8.88%
-22.01%
Rockland
305
385
211
371
376
233
189
44.55%
3.77%
-43.88%
Sullivan
55
69
51
75
78
65
46
7.84%
-8.00%
-34.62%
236
320
194
336
298
224
134
21.65%
-4.76%
-34.90%
Westchester
1,218
1,199
755
1,022
1,190
709
425
61.32%
17.32%
-36.55%
Hudson Valley Total
3,010
3,587
2,190
3,547
3,642
2,451
1,661
37.44%
1.13%
-39.87%
17,984
24,327
14,204
22,626
24,103
18,141
11,672
26.61%
7.52%
-41.07%
3,650,000
4,913,333
4,496,666
5,233,333
4,646,667
4,756,667
4,583,333
-18.83%
-6.11%
-3.23%
Ulster
New York State
U.S.
Source: NYSAR, (**NAR)
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 29 of 35
Median Selling Price (in Dollars)
2009.Q1-2010.Q3
2010
2009
% Change
3rd '10 to
1st '10
2nd '10 to
4th '09
1st '10 to
3rd '09
County
3rd Q
2nd Q
1st Q
4th Q
3rd Q
2nd Q
1st Q
Columbia
$196,333
$192,000
$225,000
$215,000
$190,950
$227,750
$190,000
-12.74%
-10.70%
17.83%
Dutchess
$278,333
$267,692
$255,000
$269,900
$280,000
$269,950
$280,000
9.15%
-0.82%
-8.93%
Greene
$270,500
$151,000
$160,000
$174,000
$165,000
$165,000
$156,000
69.06%
-13.22%
-3.03%
Orange
$267,083
$250,000
$254,400
$255,500
$260,000
$270,000
$260,450
4.99%
-2.15%
-2.15%
Putnam
$330,000
$306,750
$310,000
$330,000
$330,000
$324,450
$342,450
6.45%
-7.05%
-6.06%
Rockland
$424,333
$415,000
$390,000
$415,000
$431,600
$420,000
$407,500
8.80%
0.00%
-9.64%
Sullivan
$130,817
$134,000
$110,000
$125,080
$123,500
$138,000
$119,000
18.92%
7.13%
-10.93%
Ulster
$221,167
$209,375
$215,000
$215,644
$203,750
$209,000
$190,560
2.87%
-2.91%
5.52%
Westchester
$718,333
$605,500
$599,000
$560,000
$630,000
$565,000
$534,000
19.92%
8.13%
-4.92%
New York State
$229,367
$204,450
$216,050
$210,000
$205,000
$185,500
$199,000
6.16%
-2.64%
5.39%
U.S.**
$177,900
$176,833
$165,733
$170,300
$176,000
$182,000
$169,900
7.34%
3.84%
-5.83%
** Medians of Last Month of Quarter
Source: NYSAR, (**NAR)
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 30 of 35
Monthly Construction Permits Single Family Homes
2010
Counties
Q3.10
September
August
July
Q2.10
June
May
April
Columbia
3
0
3
0
1
0
1
0
Dutchess
36
10
15
11
36
12
10
14
Greene
0
0
0
0
0
0
0
0
Orange
112
26
39
47
88
29
43
16
Putnam
23
9
8
6
20
9
4
7
Rockland
28
8
8
12
38
15
13
10
Sullivan
24
6
8
10
32
10
13
9
Ulster
16
5
5
6
28
12
10
6
Westchester
45
14
16
15
44
14
15
15
287
78
102
107
287
101
109
77
Hudson Valley
Monthly Construction Permits Non-single Family Construction (# of buildings)
2010
Counties
Q3.10
September
August
July
Q2.10
June
May
April
Columbia
0
0
0
0
0
0
0
0
Dutchess
0
0
0
0
0
0
0
0
Greene
0
0
0
0
0
0
0
0
Orange
5
2
2
1
34
4
1
29
Putnam
2
1
1
0
0
0
0
0
Rockland
6
0
3
3
7
2
5
0
Sullivan
3
1
1
1
3
1
1
1
Ulster
1
1
0
0
2
2
0
0
Westchester
4
0
2
2
4
2
2
0
21
5
9
7
50
11
9
30
Hudson Valley
Source: U.S. Census Bureau
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 31 of 35
Dollar Cost of Construction Single Family Homes
2010
Counties
Columbia
Q3.10
September
August
July
Q2.10
June
May
April
$600,750
$0
$600,750
$0
$375,750
$0
$375,750
$0
$6,690,465
$2,793,109
$1,380,452
$2,516,904
$6,149,418
$2,159,117
$2,031,349
$1,958,952
Greene
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$21,345,454
$5,301,580
$6,851,328
$9,192,546
$10,115,591
$3,908,977
$3,296,520
$2,910,094
Putnam
$8,024,537
$2,624,588
$1,794,161
$3,605,788
$5,693,326
$2,692,666
$1,006,333
$1,994,327
Rockland
$7,095,840
$2,107,000
$1,899,000
$3,089,840
$10,736,230
$3,415,680
$3,212,550
$4,108,000
Sullivan
$3,478,299
$724,079
$1,114,245
$1,639,975
$3,700,906
$1,286,651
$1,368,291
$1,045,964
Ulster
$2,553,620
$791,294
$718,738
$1,043,588
$4,318,786
$1,843,269
$1,630,517
$845,000
Westchester
$21,184,713
$4,933,054
$9,465,721
$6,785,938
$24,596,298
$7,049,506
$10,579,085
$6,967,707
Hudson Valley
$70,973,678
$19,274,704
$23,824,395
$27,874,579
$65,686,305
$22,355,866
$23,500,395
$19,830,044
Dutchess
Dollar Cost of Construction Non-single Family Construction (# of buildings)
2010
Counties
Q3.10
September
August
July
Q2.10
June
May
April
Columbia
$0
$0
$0
$0
$0
$0
$0
$0
Dutchess
$0
$0
$0
$0
$0
$0
$0
$0
Greene
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$2,169,624
$957,208
$957,208
$255,208
$21,280,404
$5,000,835
$663,667
$15,615,902
Putnam
$704,167
$304,167
$400,000
$0
$0
$0
$0
$0
$3,020,417
$0
$985,000
$2,035,417
$3,420,000
$1,500,000
$1,920,000
$0
Sullivan
$241,134
$80,378
$80,378
$80,378
$321,512
$160,756
$80,378
$80,378
Ulster
$200,000
$200,000
$0
$0
$2,600,000
$2,600,000
$0
$0
$5,908,357
$0
$4,840,157
$1,068,200
$9,500,000
$9,000,000
$500,000
$0
$12,243,699
$1,541,753
$7,262,743
$3,439,203
$37,121,916
$18,261,591
$3,164,045
$15,696,280
Rockland
Westchester
Hudson Valley
Source: U.S. Census Bureau
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 32 of 35
Monthly Average Cost of Construction per Permit Single Family Homes
2010
Counties
Q3.10
September
August
July
Q2.10
June
May
April
Columbia
$200,250
$0
$200,250
$0
$375,750
$0
$375,750
$0
Dutchess
$185,846
$279,311
$92,030
$228,809
$170,817
$179,926
$203,135
$139,925
Greene
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$190,584
$203,907
$175,675
$195,586
$114,950
$134,792
$76,663
$181,881
Putnam
$348,893
$291,621
$224,270
$600,965
$284,666
$299,185
$251,583
$284,904
Rockland
$253,423
$263,375
$237,375
$257,487
$282,532
$227,712
$247,119
$410,800
Sullivan
$144,929
$120,680
$139,281
$163,998
$115,653
$128,665
$105,253
$116,218
Ulster
$159,601
$158,259
$143,748
$173,931
$154,242
$153,606
$163,052
$140,833
Westchester
$470,771
$352,361
$591,608
$452,396
$559,007
$503,536
$705,272
$464,514
Hudson Valley
$247,295
$247,112
$233,573
$260,510
$228,872
$221,345
$215,600
$257,533
Monthly Average Cost of Construction per Permit Non-single Family Construction (# of buildings)
2010
Counties
Q3.10
September
August
July
Q2.10
June
May
April
Columbia
$0
$0
$0
$0
$0
$0
$0
$0
Dutchess
$0
$0
$0
$0
$0
$0
$0
$0
Greene
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$433,925
$478,604
$478,604
$255,208
$625,894
$1,250,209
$663,667
$538,479
Putnam
$352,084
$304,167
$400,000
$0
$0
$0
$0
$0
Rockland
$503,403
$0
$328,333
$678,472
$488,571
$750,000
$384,000
$0
$80,378
$80,378
$80,378
$80,378
$107,171
$160,756
$80,378
$80,378
$200,000
$200,000
$0
$0
$1,300,000
$1,300,000
$0
$0
$1,477,089
$0
$2,420,079
$534,100
$2,375,000
$4,500,000
$250,000
$0
$583,033
$308,351
$806,971
$491,315
$742,438.32
$1,660,145
$351,561
$523,209
Sullivan
Ulster
Westchester
Hudson Valley
Source: U.S. Census Bureau
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 33 of 35
The Rate of Inflation
Year-to-Year Percent Change in CPI-U
Jan. 2004 to Sep. 2010
Consumer Price Index (CPI-U) NY, NY -Northeastern NJ
2010
2009
2008
2007
2006
2005
2004
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2.39%
1.79%
2.14%
2.10%
2.16%
1.54%
1.49%
1.37%
1.21%
1.52%
1.59%
0.84%
0.76%
-0.10%
-0.60%
-1.12%
-0.96%
-0.62%
0.00%
1.82%
2.33%
3.67%
3.56%
3.81%
3.55%
3.99%
4.53%
5.11%
5.38%
5.16%
4.29%
2.18%
1.57%
2.72%
3.08%
2.91%
2.53%
2.50%
2.54%
2.48%
1.89%
2.43%
3.11%
3.89%
3.66%
3.75%
3.59%
2.73%
3.62%
4.82%
5.65%
4.99%
4.67%
3.29%
2.35%
2.60%
3.31%
4.10%
3.88%
4.42%
4.17%
3.42%
2.28%
3.41%
4.08%
4.81%
4.49%
3.91%
3.58%
2.67%
2.50%
3.20%
3.71%
3.86%
4.62%
3.95%
3.31%
3.16%
3.65%
3.91%
3.76%
Average
1.80%
0.46%
3.90%
2.81%
3.78%
3.88%
3.53%
2010
Consumer Price Index (CPI-U) US City Average
2009
2008
2007
2006
2005
2004
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2.62%
2.12%
2.30%
2.23%
2.03%
1.07%
1.21%
1.11%
1.11%
0.02%
0.23%
-0.37%
-0.73%
-1.27%
-1.42%
-2.09%
-1.51%
-1.28%
-0.18%
1.85%
2.74%
4.29%
4.03%
3.97%
3.93%
4.16%
5.01%
5.62%
5.38%
4.95%
3.69%
1.06%
0.10%
2.08%
2.42%
2.78%
2.57%
2.69%
2.69%
2.36%
1.97%
2.76%
3.52%
4.31%
4.06%
4.10%
3.88%
4.42%
4.17%
3.42%
2.28%
3.41%
4.08%
4.81%
4.49%
3.91%
3.58%
2.97%
3.01%
3.15%
3.51%
2.80%
2.53%
3.17%
3.64%
4.69%
4.35%
3.46%
3.42%
1.93%
1.69%
1.74%
2.29%
3.05%
3.27%
2.99%
2.65%
2.54%
3.19%
3.52%
3.26%
Average
1.76%
-0.33%
3.85%
2.85%
3.88%
3.39%
2.68%
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 34 of 35
Total Sales Tax Collection
2009.Q2 - 2010.Q3
County
2010.Q3
2010.Q2
2010.Q1
2009.Q4
2009.Q3
2009.Q2
Columbia
$8,161,269
$7,454,435
$6,893,928
$6,907,394
$7,687,494
$7,989,991
Dutchess
$40,314,043
$39,477,391
$33,237,422
$35,823,532
$35,797,119
$33,956,512
Greene
$6,766,534
$6,235,581
$6,058,459
$5,856,613
$6,544,794
$6,241,669
Orange
$57,224,096
$56,406,398
$51,822,130
$53,678,120
$54,232,791
$53,551,603
Putnam
$12,496,269
$11,855,949
$10,639,164
$11,704,923
$12,086,192
$11,371,196
Rockland
$41,450,315
$41,468,450
$39,637,960
$40,009,770
$41,670,303
$41,378,574
Sullivan
$9,495,109
$8,487,915
$6,934,099
$7,288,227
$9,629,777
$8,918,534
$25,467,067
$24,201,456
$22,423,983
$22,502,569
$24,427,327
$22,174,842
Westchester
$109,761,933
$112,996,212
$106,834,560
$104,366,233
$104,774,825
$101,254,065
Hudson Valley
$311,136,635
$308,583,787
$284,481,705
$288,137,381
$296,850,622
$286,836,986
Ulster
Quarterly Percentage Change
County
2010.Q3-2010.Q2
2010.Q2-2010.Q1
2010.Q1-2009.Q4
2009.Q4-2009.Q3
2009.Q3-2009.Q2
2009.Q2-2009.Q1
Columbia
9.48%
8.13%
-0.19%
-10.15%
-3.79%
14.01%
Dutchess
2.12%
18.77%
-7.22%
0.07%
5.42%
-0.52%
Greene
8.51%
2.92%
3.45%
-10.51%
4.86%
-2.15%
Orange
1.45%
8.85%
-3.46%
-1.02%
1.27%
2.12%
Putnam
5.40%
11.44%
-9.11%
-3.15%
6.29%
5.87%
Rockland
-0.04%
4.62%
-0.93%
-3.98%
0.71%
0.74%
Sullivan
11.87%
22.41%
-4.86%
-24.32%
7.97%
17.54%
5.23%
7.93%
-0.35%
-7.88%
10.16%
-0.58%
Westchester
-2.86%
5.77%
2.37%
-0.39%
3.48%
-3.31%
Hudson Valley
0.83%
8.47%
-1.27%
-2.94%
3.49%
0.16%
Ulster
Source: NYS Department of Taxation and Finance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010
Page 35 of 35
Percentage Change in Sales Tax Collection
between 3rd Qt. 2010 and 2nd Qt. 2010
Columbia
9.48%
Dutchess
2.12%
Greene
8.51%
Orange
1.45%
Putnam
5.40%
Rockland
-0.04%
11.87%
Sullivan
Ulster
5.23%
-2.86%
0.83%
15.00%
10.00%
5.00%
0.00%
Westchester
Hudson Valley
-5.00%
Percentage Change in Sales Tax Collection
Year-Over-Year
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Hudson Valley
6.16%
12.62%
3.39%
5.52%
3.39%
-0.53%
-1.40%
4.26%
4.76%
4.81%
13.00%
8.00%
3.00%
-2.00%
Source: NYS Department of Taxation and Finance
Compiled by Bureau of Economic Research, School of Management, Marist College
12/18/2010