ECONOMIC REPORT
of the
HUDSON VALLEY
Fourth Quarter 2009
MARIST COLLEGE
Dr. Christy Huebner Caridi
Bureau of Economic Research
School of Management
Poughkeepsie, New York 12601
Edited by Dana Gavin
April 2010
This report is available on the Bureau of Economic Research homepage at
http://www.marist.edu/management/bureau
The support of research assistant Haley Hart and student research assistants Serena
Bubenheim and Daniel Greco 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.
Economic Report of the Hudson Valley
Since the peak of the business cycle in December of 2007, the job count for
Hudson Valley residents has declined by 86,600 – a 7.50% decline; the job count in the
Hudson Valley has fallen by 30,900 jobs – a 3.15% decline. These two factors, taken
together, have led to a reduction in the average weekly wages (AWW) paid by Hudson
Valley employers. This emerging trend – while relatively new to the Hudson Valley
region – is the expected outcome when an economy is experiencing a protracted
economic shock. Generally, employers will reduce the number of hours worked before
they revert to reductions in their workforces. If employer confidence continues to wane,
firms will let go unskilled and semi-skilled workers; the last group of workers to receive
pink slips is the skilled worker. As the excess supply of labor increases relative to
demand, the wages, salaries and benefits paid to all workers decline. An important
secondary consequence of the imbalance between labor demand and supply is a reduction
in the “quit rate,” a heightened propensity for the unemployed to accept part-time
employment (as well as jobs for which they are overqualified) and an increase in the
duration of unemployment. According to a study conducted at the Federal Reserve Bank
of Atlanta, the nationwide “quit rate” – the portion of all employees who voluntarily
leave their job – was 1.30% in August of 2009, approximately one half the “quit rate” in
2000. Across the nation, the number of under-employed continues to rise. The Bureau of
Labor Statistics reported that in December of 2009, 9.1 million persons –nationwide –
were involuntary part-time workers, 9 million workers were unemployed for more than
15 weeks and 39.80% of the unemployed had been unemployed for more than 27 weeks
as of December of 2009. In New York State, 4.50% of the labor force was unemployed
for more than 15 weeks in the year 2009.
Further, since the 1991 recession, economic growth and employment have
become delinked. As a result, it is possible to be in a statistical expansion and a
protracted household recession: the jobless recovery. GDP growth no longer guarantees
full employment, higher wages and improved financial stability in the household sector.
There are important short- and medium-term ramifications. During an economic
downturn, earned income is substituted – in part – by income maintenance payments –
transfer payments. This transfer of spending power – to the unemployed and under
employed – places a floor under the economy and creates profits in the business sector. It
is not, however, a viable substitute for job and income growth. Lingering weakness in the
labor market creates dependence on income maintenance payments and an economic
environment unfavorable to capital formation. This in turn creates a negative feedback
loop that further weakens the demand for labor. During this current economic downturn,
the demand for food stamps and extended unemployment payments is reaching record
highs. As of the 4th quarter of 2009, one out of every 13.5 persons in the Hudson Valley
was receiving food stamp benefits: The number of food stamp recipients has advanced
47.00% since the beginning of the recession. Further, as of the 4th quarter of 2009, total
transfer payments paid to the household sector – statewide – increased 19.00% relative to
the beginning of the recession in December of 2007. As of the 4th quarter, transfer
payments accounted for 18.69 cents out of every dollar of total personal income (TPI).
Over the same time period, earned income fell 2.76% and unearned income – interest,
dividends and rents – declined 14.34%.
That said, while total business profits have been positively impacted by declines
in unit labor costs – increased labor productivity – the household sector continues to
suffer. The necessary step to create a broad-based recovery in the household sector is the
replacement of income maintenance payments by gainful employment. This will increase
consumer confidence, reduce stress on state and local budgets and position the sector to
rebuild wealth.
Ω
Hudson Valley Labor Force
D 4th quarter Labor force participation in the Hudson Valley falls 2.34% relative to
the 3rd quarter; labor force participation falls in the U.S. and NYS.
In the 4th quarter of 2009, labor force participation – the number of Hudson
Valley residents 1 willing and able to work – contracted relative to the 3rd quarter of 2009.
This is in stark contrast to the steady increase in labor force participation recorded in the
first nine months of the year. Between the 1st and 4th quarters of 2009, labor force
participation fell from 1.21million to 1.20 million participants in the 4th quarter. Peak
labor force participation occurred in the 3rd quarter at 1.23 million participants. During
the 4th quarter of
2009, the number
of available jobs
in the region
slipped 70,000
from 1.14
million in the 3rd
quarter of 2009
to 1.07 million in
the 4th quarter.
Because labor
force
participation fell
by more than the number of jobs lost, the unemployment rate fell from 7.63% in the 3rd
quarter to 7.59% in the 4th quarter of 2009. Similarly, and over the same time period,
New York State and the national economy witnessed a reduction in the level of
joblessness that was a direct result of a reduction in the number of persons willing and
able to work. Employers continue to shed job; albeit at a much slower rate.
The largest single decline in labor force participation occurred in Sullivan County
at 5.56%, followed by Columbia, Greene, Rockland and Westchester counties at 4.06%,
3.76%, 2.71% and 2.57%, respectively. Labor force participation in Dutchess fell 1.32 %.
Overall, labor force participation in the Hudson Valley was unchanged relative to
December of 2007; the number of jobs held by Hudson Valley residents has declined by
86,600 or 7.50%. As has been the case throughout this economic downturn, residents in
the Putnam-Rockland-Westchester metropolitan statistical area (MSA) – lower Hudson
Valley – experienced a lower rate of joblessness in the 4th quarter of 2009 when
compared to residents in the upper Hudson Valley.
1
For the purposes of this report, the Hudson Valley Columbia, Dutchess, Greene, Orange, Putnam, Rockland, Sullivan, Ulster and
Westchester counties. The New York State Department of Labor classifies Columbia and Greene as part of the Capital Region.
1
Non-Farm Employment by Place of Work2
D Since the peak of the previous business cycle, employment in the Hudson Valley
has fallen by 30,900 jobs – a 3.15% decline.
D Goods-producing industries reduced employment by 11,600 jobs; private serviceproviding industries shed 19,100 jobs.
Since December of 2007, total non-farm employment in the Hudson Valley has
fallen 3.15%, from 981,000 in December of 2007 to 950,100 in the 4th quarter of 2009. Over
the period, employment in
the goods-producing
industries and private
service-providing industries
has declined 11,600 and
19,100, respectively. In the
4th quarter of 2009, the region
added 3,300 non-farm jobs.
Across the region,
employment in the
manufacturing sector
continues to decline, from
61,700 jobs in December of
2007 to 55,100 jobs in the 4th
Date
Gov.
Service
Goods
Manu.
quarter of 2009: 47.00% of
Providing Producing
87.81%
12.19%
6.28%
the total loss was experienced Hudson Valley Dec-07 18.60%
Oct-09
19.10%
88.47%
11.53%
5.82%
in the PoughkeepsieDec-09
19.16%
88.61%
11.37%
5.80%
Newburgh-Middletown, NY
Dec-07
17.16%
89.76%
10.24%
6.15%
NYS
MSA (Dutchess and Orange
Oct-09
17.47%
90.34%
9.66%
5.65%
counties).
Dec-09
17.52%
90.52%
9.50%
5.61%
Over the two-year
Dec-07
16.37%
84.23%
15.77%
9.92%
U.S.
period ending in December
Oct-09
17.31%
85.85%
14.15%
8.85%
of 2009, the government
Dec-09
17.35%
86.18%
13.79%
8.94%
sector’s share of total nonfarm employment in the Hudson Valley increased 3.00% ,from 18.60% to 19.16%;
nationwide, the government share of non-farm employment increased 6.00%, from
16.37% to 17.35%. In New York State, the share of total employment increased 2.00%.
Across the region, employment in the goods-producing industries – which
currently represents 11.37% of all non-farm employment in the Hudson Valley – has
fallen 6.75%, compared to a .91% increase in the service -providing industries.
Nationwide, total non-farm employment has fallen 6.00%, from 138.9 million in
December of 2007 to 130.4 million in December of 2009. Goods-producing employment
– which currently represents 13.79% of total employment – has fallen 12.55%;
employment in the service- providing industries – 86.18% of current non-farm
2
Current Employment Statistics (CES): survey of sample employers excludes self-employed, agricultural, domestic workers and the
military. Place of Work Series.
2
employment – has increased 2.32%. The level changes are 4.03 million and 4.39 million,
respectively.
As of the 4th quarter of 2009, employment in the manufacturing, information and
federal government sectors, in the Rockland-Westchester-Putnam, NY MSA,
continued to decline relative to the peak of the business cycle in December of 2007. All
others sectors in the MSA are above their inter-recession lows. Employment in the state
government, education services (private sector), health care, social assistance and
hospital sectors have risen above their pre-recession levels. The aforementioned sectors
represented 26.63% of total employment non-farm as of the 4th quarter of 2009.
In the Poughkeepsie-Newburgh-Middletown, NY MSA (Dutchess and Orange
counties), employment in the state government, manufacturing, information, financial
activities, finance and insurance sectors continued to decline relative to the peak of the
business cycle in December of 2007. Employment in the federal and local government,
local government education, health care, social assistance, and education services (private
sector) have raised above their pre-recession levels. The aforementioned sectors
represented 37.75% of total employment as of the 4th quarter of 2009. All others sectors
in the MSA are above their inter-recession lows.
In the Kingston, NY MSA (Ulster County), employment in the federal
government, manufacturing, wholesale trade, information and financial activities
continues to decline relative to the peak of the business cycle in December of 2007.
Employment in the local government and education services (private) sector has risen
above their pre-recession levels. All other sectors in the MSA are above their interrecession lows.
In Columbia County, employment in the goods-providing industries continues to
decline relative to the peak of the business cycle in December of 2009; total government
employment has risen above the inter-recession low reached in the first quarter of 2009,
and employment in the education health services has increased 4.65% relative to
December of 2007. In Greene County, employment in the government sector is flat, and
private service-providing continues to decline. In Sullivan County, both goodsproducing and service-providing employment are above their inter-recession lows
reached in the first quarter of 2009. Government employment recorded a slight decline
relative to December of 2007.
Non-Farm Employment by Place of Work and
Average Weekly Wage3 Trends
D On average, 3rd quarter weekly wages fell relative to the 2nd quarter.
Average weekly wages (AWW) in the Rockland-Westchester-Putnam, NY
MSA, fell in the 3rd quarter of 2009 relative to the 2nd quarter; in contrast, there was no
significant change in the level of non-farm employment. Within the MSA, AWW in the
service-providing industries advanced in Putnam and Rockland counties and recorded a
slight decline in Westchester County. AWW in the goods-producing industries increased
3
Average weekly wage data was secured through a special request of the New York State Department of Labor.
3
in Putnam and Westchester counties and fell in Rockland County. In the government
sector, AWW increased in Rockland County and fell in both Putnam and Westchester
counties. Compared to the peak of
Average Weekly Wages
the business cycle in the 4th quarter
GoodsServiceNon-farm
Government
Producing
Providing
of 2007, non-farm AWW in Putnam,
Putnam
Rockland and Westchester counties
2007.Q4
$891
$1,058
$1,098
$849
were down 5.61%, 6.31% and
2009.Q2
$884
$1,374
$955
$718
15.13%, respectively. The primary
2009.Q3
$841
$947
$1,148
$751
cause is a significant reduction in the Rockland
AWW paid in the service-providing
2007.Q4
$951
$985
$1,281
$889
industries.
2009.Q2
$911
$1,112
$1,231
$782
2009.Q3
$891
$1,274
$950
$795
In the PoughkeepsieWestchester
Newburgh-Middletown, NY MSA
2007.Q4
$1,249
$1,196
$1,524
$1,219
(Dutchess and Orange counties),
rd
2009.Q2
$1,117
$1,397
$1,347
$1,025
3 quarter non-farm employment
2009.Q3
$1,060
$1,065
$1,361
$1,021
reached an inter-recession low and
nd
AWW declined relative to the 2 quarter of 2009.The primary cause for the decline in
AWW was a significant weakening in
Average Weekly Wages
the AWW paid by the total
NonGoodsServicefarm
Government
Producing
Providing
government sector. Over the same
Dutchess
time frame, employment in the
2007.Q4
$876
$905
$1,496
$727
government sector reached its inter2009.Q2
$901
$1,075
$1,557
$688
recession low. Across the MSA,
2009.Q3
$889
$953
$1,560
$720
AWW in the service providing
Orange
industries advanced; AWW in the
2007.Q4
$748
$934
$865
$716
goods-producing industries recorded
2009.Q2
$777
$1,123
$849
$653
a slight increase in Dutchess County
2009.Q3
$732
$957
$836
$659
and a decline in Orange County.
Compared to the peak of the business
Average Weekly Wages
cycle in the 4th quarter of 2007,
GoodsServiceAWW in the non-farm sector were up
Non-farm
Government
Producing
Providing
1.48% in Dutchess County and down
Columbia
2007.Q4
$666
$646
$884
$634
2.14% in Orange County.
2009.Q2
$653
$751
$789
$591
In the Kingston, NY MSA
2009.Q3
$650
$615
$814
$675
(Ulster County), and in the minor
Greene
counties of Columbia and Sullivan
2007.Q4
$644
$780
$884
$511
non-farm employment and its
2009.Q2
$674
$898
$876
$496
subsectors – service- providing and
2009.Q3
$655
$880
$942
$491
goods-producing – reached a interSullivan
recession low in the 1st quarter of
2007.Q4
$664
$855
$649
$637
2009. In contrast, non-farm
2009.Q2
$679
$984
$634
$562
2009.Q3
$638
$807
$669
$581
employment – including serviceUlster
providing and goods-producing – in
2007.Q4
$694
$876
$834
$650
Greene County continued to decline
2009.Q2
$716
$1,050
$800
$570
relative to the peak of the business
2009.Q3
$665
$807
$809
$575
cycle in December of 2007.
4
Throughout the MSA and the aforementioned three minor counties, 3rd quarter AWW in
the non-farm sector weakened relative to the AWW in the 2nd quarter of 2009. The
primary driver was a broad-based decline in the AWW paid in the government sector.
Compared to the peak of the business cycle in the 4th quarter of 2007, AWW in the nonfarm sector were down 4.18% in Ulster County (MSA), 3.92% in Sullivan County,
2.40% in Columbia County and up 1.71% in Greene County.
Monthly Income Maintenance Benefits (Social Assistance)
D The number of food stamp recipients continues to increase.
D As of the 4th quarter of 2009, approximately one out of every 13.5 persons in the
Hudson Valley was receiving food stamp benefits.
In the 4th quarter of 2009, 178,000 persons per month were receiving food stamp
benefits, compared to 168,000 in the 3rd quarter of 2009. This is a three-month increase of
6.12% and a 27.53% year-over-year increase. Over the same one year time frame, the
number of food stamp recipients in New York City and New York State advanced
291,000 (21.88%) and
490,000 (22.29%),
respectively. As of the 4th
quarter of 2009,
approximately one out of
every 13.5 persons in the
Hudson Valley was
receiving food stamp
benefits. Statewide the
number is approximately
one out of every 7.5
persons. Income
guidelines for food stamp
eligibility are based on
federal poverty levels.
Currently, the maximum
food stamp allowance is
$200.00 for the first
person with a sliding
scale for each additional
household member.
Households with more
than seven members
receive a flat sum of
$150.00 per additional member above seven. The food stamp program is funded by the
federal government.
5
The number of persons in the Hudson Valley who received Total Temporary
Assistance (TTA) – which includes Family Assistance (FA) 4 and Safety Net Assistance
(SNA) 5 – increased 4.16% between the 4th and 3rd quarters of 2009. Year-over-year the
total number of TTA recipients has increased 16.82%. Between the 3rd and 4th quarters of
2009, TTA recipients in New York State and New York City increased 3.04% and
2.72%, respectively. Year-over-year, TTA recipients increased 7.36% in New York State
and 4.75% in New York City.
Home Sales, Prices and Building Permits
B 4th quarter homes sales were up 37.64% relative to the
4th quarter of 2008.
Sales of existing single family homes advanced 37.64% between the 4th quarter of
2008 and the 4th quarter of 2009. Over the same time period, existing home sales in New
York State increased 22.18%. Between the 4th quarters of 2009 and the inter-recession
low reached in the 1st quarter of 2009, the sale of existing single family homes more than
doubled, from 1,661
homes sold in the 1st
quarter of 2009 to 3,547
homes in the 4th quarter of
2009. Several factors have
contributed to the rebound
in the housing market: the
first-time home buyer’s
credit in concert with the
actions of the Federal
Reserve and U.S.
Treasury to support the
market for mortgagebacked securities, a
slowdown in the rate of joblessness
4th Qt
Peak
Median
%
Median
Peak
and a rebuilding of the employment
Price
change
Price
County
Date
opportunities within the region.
Columbia
2007.Q1
$256,750
$215,000
-16.26%
Across the entire region, the 4th
Dutchess
2006.Q3
$360,000
$269,900
-25.03%
quarter median selling price of an
Greene
2007.Q4
$185,000
$174,000
-5.95%
existing single family home was above Orange
2007.Q3
$330,000
$255,500
-22.58%
the inter-recession lows recorded in the Putnam
2006.Q2
$435,777
$330,000
-24.27%
2nd quarter of 2009 in Orange County
Rockland
2005.Q3
$529,950
$415,000
-21.69%
and in the 1st quarter of 2009 across the Sullivan
2007.Q2
$187,500
$125,080
-33.29%
balance of the region. Nowhere in the
Ulster
2007.Q3
$265,000
$215,644
-18.62%
region have median selling prices
Westchester 2007.Q3
$730,000
$560,000
-23.29%
reached the levels recorded during the
4
As of December 1996, Family Assistance is limited to 60 months per lifetime. To be eligible for Family Assistance,
the household must include (care for) a minor child.
5
Safety Net Assistance has a lifetime limit of two years.
6
housing boom. Overall, the median selling price of an existing single family home
peaked during the third quarter of 2007 at $354,628; the number of homes sold peaked in
the third quarter of 2004 at 6,476 units.
Weakness in the national and regional housing sectors continues to impact new
single and multi-unit home construction. During the 12-month period ending in
December of 2009, 907 single-family and 63 multi-family construction permits were
issued across the region 6 . In contrast, for the full year 2008, 2,490 single-family and 189
multi-family construction permits were issued. If the current numbers hold, then 2009
housing construction will have declined 63.80% relative to 2008. In New York State, the
demand for single -family housing construction permits fell from 12,972 in 2008 to 9,441
in 2009 – a 27.22% year-over-year decline. Over the same 12-month period, the demand
for multi-family construction permits declined by 31,668 or 80.00%; nationwide, the
demand for single and multi-family construction permits fell 24.6% and 60.00%,
respectively.
During the 4th quarter of 2009, permits were issued for seven multi-family
projects in Orange and Ulster counties, five in Westchester County, three in Sullivan
County and one in Rockland County. Of these new projects, the largest is a $20 million,
100-unit, four-building complex in Yonkers, Westchester. The largest single project
remains the $23 million, 174-unit one-building complex in Yonkers, Westchester.
Multi-Family Construction Permits January - December 2009 Source: U.S. Census Bureau
County
Orange
Town/Village
Number of
Building
Value of
Construction
Permit
Number
of Units
Average
Construction Cost
per Unit
Kiryas Joel Village
15
75
$7,947,097
$105,961
Montgomery town
1
2
$338,722
$169,361
Montgomery Village
5
30
$2,552,080
$85,069
Wallkill Town
2
6
$784,348
$130,725
Wawayanda Town
2
7
$509,657
$72,808
25
120
$12,131,904
$101,099
Fallsburg Town
8
16
$631,356
$39,460
Thompson Town
2
4
$130,000
$32,500
10
20
$761,356
$38,068
Sullivan
Rockland
Spring Valley Village
1
2
$240,000
$120,000
Kaser Village
2
12
$1,216,250
$101,354
Ramapo Town
3
7
$1,075,200
$153,600
6
21
$2,531,450
$120,545
Yonkers
8
276
$43,228,550
$156,625
White Plains
1
6
$600,000
$100,000
9
282
$43,828,550
$155,420
Saugerties Town
4
28
$1,809,180
$64,614
Shawangunk Town
1
2
$260,000
$130,000
Westchester
Ulster
Wawarsing town
6
6
12
$300,000
$25,000
11
42
$2,369,180
$56,409.05
U.S. Census Bureau data subject to an annual revision to be released in May of 2010.
7
National and Regional Inflation
D Deflation fears lessen as CPI rises in the 4th quarter of 2009.
The all-item CPI for the New York- Northern New Jersey-Long Island metropolitan
statistical area (MSA) recorded a positive increase in the 4th quarter of 2009. This is the first
uptick in regional prices since May of 2009 and the first significant increase since the
November/December period of 2008. In November and December of 2009, the year-over-year
change in the
all item CPI
was 1.82% and
2.33%,
respectively.
In October, the
regional allitem CPI was
unchanged
relative to
October of
2008. For the
year, and on
average, the all
items CPI advanced .46%. The change in the U.S. City Average all-item CPI Index turned
positive in November of 2009, at plus 1.85% relative to November of 2008. This was the first
positive increase since February of 2009 and the first significant increase since the
November/December period in 2008.
The cost of food – in the MSA – declined .16% in the 4th quarter of 2009 compared to
12 Month
Quarter-to
Quarter
Percentage
Change
New York-Northern NJ- Long Island
U.S. City Average
2008
Q4
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2009 Q4
2009 Q3
2009 Q2
2009 Q1
Core
1.58%
1.40%
2.32%
2.62%
2.96%
1.74%
1.51%
1.83%
1.74%
1.99%
All Items
1.37%
-0.86%
0.33%
1.30%
2.69%
1.44%
-1.63%
-1.33%
-0.07%
1.60%
-0.16%
0.80%
3.07%
5.53%
6.54%
-0.59%
0.37%
2.70%
4.83%
6.06%
2.06%
3.13%
5.10%
5.37%
5.52%
0.94%
1.97%
2.93%
3.30%
3.56%
1.10%
2.00%
3.13%
3.47%
3.47%
0.90%
1.57%
2.03%
2.13%
2.27%
-3.79%
-13.66%
-9.98%
0.19%
6.86%
-6.24%
-12.27%
-8.17%
2.54%
7.92%
-17.17%
-29.73%
-37.53%
-38.73%
-18.53%
19.73%
-32.33%
-37.83%
-38.43%
-20.17%
Medical
1.52%
0.46% 0.49%
0.10%
1.13%
3.47%
3.33% 3.13%
2.73%
3.13%
Services
th
1.31%
1.13%
2.40%
3.43%
3.70%
0.90%
0.70%
1.55%
2.60%
3.24%
Food
Rent Primary
Residence
Owners
Equivalent Rent
Household
Energy
Gasoline
the 4 quarter of 2008: food costs have increased in four of the last five quarters. Housing costs
and the cost of all services continued to increase, albeit at a slower pace. The cost of medical
care advanced 1.52% year-over-year. This is the first single-digit increase in the last five
quarters. Overall, all-item and core inflation remains weak compared to pre-recession levels.
8
Historically, food and housing have the largest impact on the typical household budget,
followed by transportation and medical costs.
Sales Tax Collection
D Sales tax collection declines in the 4th quarter.
An important indicator
of retail sales activity and state
and county revenue is sales tax
collection. In the 4th quarter of
2009, total sales tax collection
fell 2.94% relative to the 3rd
quarter of that year. This is in
stark contrast to the 3.49%
increase between the 3rd and 2nd
quarters of 2009. Across the
region, Dutchess County was
the only county that recorded
an increase in sales tax
collection in the 4th quarter
relative to the 3rd quarter.
Across the balance of the
region, Westchester County
recorded a slight decline
(.39%), Sullivan, Greene and
Columbia witnessed double
digit declines.
Relative to the 4th
quarter of 2008, sales tax
collection was up in Orange
and Columbia, at .59% and
.40%, respectively. Sales tax collection across the balance of the region was down.
Ω
9
Labor Force, Employment and the Unemployment Rate for Hudson Valley Counties
Average Quarterly
County
4th
3rd
2008.Q3 - 2009.Q4
2nd
1st
4th
3rd
Dec-07
% Change
12-07 and 4Q
% Change
From Peak
Columbia
Labor Force
Employment
Unemployment rate
30,967
28,667
7.37%
32,276
29,851
7.50%
31,965
29,597
7.41%
31,108
28,683
7.80%
31,329
29,668
5.30%
32,637
31,055
4.85%
31,207
29,855
5.90%
-0.77%
-3.98%
24.92%
-1.11%
-3.88%
-3.85%
Dutchess
Labor Force
Employment
Unemployment rate
146,000
134,800
7.67%
147,954
136,044
8.07%
147,577
136,569
7.46%
146,743
135,592
7.60%
146,713
138,435
5.64%
148,195
140,244
5.37%
147,794
142,049
3.90%
-1.21%
-5.10%
96.67%
-0.16%
-4.23%
0.00%
Greene
Labor Force
Employment
Unemployment rate
23,567
21,600
8.47%
24,487
22,478
8.23%
24,015
21,927
8.73%
24,447
22,286
8.80%
23,811
22,216
6.70%
24,850
23,432
5.70%
24,202
22,970
5.10%
-2.62%
-5.96%
66.08%
-1.46%
-4.07%
-6.48%
Orange
Labor Force
Employment
Unemployment rate
179,233
165,300
7.77%
181,788
166,885
8.23%
181,939
167,530
7.93%
180,463
166,333
7.87%
180,561
169,819
5.97%
182,294
172,039
5.60%
178,558
171,049
4.20%
0.38%
-3.36%
85.00%
-0.28%
-3.00%
0.00%
Putnam
Labor Force
Employment
Unemployment rate
55,767
52,000
6.63%
57,103
53,163
6.93%
56,634
52,913
6.57%
55,955
52,295
6.57%
56,038
53,318
4.83%
57,220
54,513
4.73%
56,380
54,534
3.30%
-1.09%
-4.65%
100.91%
-0.21%
-2.51%
0.00%
Rockland
Labor Force
Employment
Unemployment rate
153,567
143,100
6.80%
157,841
146,228
7.37%
156,412
145,541
6.97%
154,145
143,841
6.70%
154,740
146,655
5.23%
158,126
149,941
5.17%
152,444
146,690
3.80%
0.74%
-2.45%
78.95%
-0.18%
-2.48%
0.00%
Sullivan
Labor Force
Employment
Unemployment rate
34,867
31,800
8.93%
36,918
33,931
8.10%
35,712
32,646
8.57%
35,016
31,463
9.77%
35,396
32,777
7.40%
37,139
34,914
6.00%
34,973
32,970
5.60%
-0.30%
-3.55%
59.46%
-0.60%
-2.82%
-17.09%
Ulster
Labor Force
Employment
Unemployment rate
90,267
83,367
7.67%
91,748
84,329
8.10%
91,726
84,777
7.74%
90,204
83,017
7.97%
90,115
84,734
5.97%
91,150
85,924
5.73%
92,391
88,385
4.30%
-2.30%
-5.68%
78.37%
-0.70%
-4.59%
0.00%
Source: New York State Dept. of Labor Place of Residence Series
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
10
3/22/2010
Labor Force, Employment and the Unemployment Rate for Hudson Valley Counties
Average Quarterly
County
4th
3rd
2008.Q3 - 2009.Q4
2nd
1st
4th
3rd
Dec-07
% Change
12-07 and 3Q
% Change
From Peak
Westchester
Labor Force
Employment
Unemployment rate
489,967
455,967
6.97%
502,875
465,972
7.33%
498,721
463,784
7.00%
493,624
458,365
7.13%
493,786
467,332
5.33%
503,320
477,803
5.07%
485,933
467,908
3.70%
0.83%
-2.55%
88.38%
-0.09%
-2.48%
0.00%
Lower Hudson Valley
Labor Force
Employment
Unemployment rate
699,301
604,267
6.80%
717,819
665,363
7.21%
711,768
662,238
6.85%
703,724
654,501
6.80%
704,564
667,305
5.13%
718,667
682,256
4.99%
694,757
669,132
3.60%
0.65%
-9.69%
88.89%
-0.12%
-2.48%
0.00%
Labor Force
Employment
504,901
465,534
515,171
473,518
512,934
473,045
507,980
467,375
507,925
477,650
516,265
487,609
509,125
487,278
-0.83%
-4.46%
-0.21%
-2.89%
Unemployment rate
7.98%
8.04%
7.97%
8.30%
6.16%
5.54%
4.83%
65.10%
-3.17%
Labor Force
Employment
Unemployment rate
1,204,202
1,069,801
7.59%
1,232,990
1,138,880
7.63%
1,224,701
1,135,283
7.30%
1,211,704
1,121,876
7.41%
1,212,489
1,144,955
5.57%
1,234,932
1,169,865
5.27%
1,203,882
1,156,410
3.94%
0.03%
-7.49%
92.64%
-0.16%
-2.65%
0.00%
Albany-Schenectady-Troy Labor Force
Employment
Unemployment rate
449,166
418,200
6.90%
457,547
425,174
7.10%
459,134
427,300
6.93%
456,197
422,844
7.33%
454,556
430,170
5.37%
462,837
439,744
5.00%
449,812
431,374
4.10%
-0.14%
-3.05%
68.29%
-1.14%
-3.31%
-3.14%
Putnam-Rockland-Westchester
Upper Hudson Valley
Total Hudson Valley
New York City
Labor Force
Employment
Unemployment rate
4,005,233
3,596,933
10.20%
4,051,400
3,642,200
10.10%
4,003,160
3,658,637
8.60%
3,987,673
3,670,122
7.97%
3,980,255
3,714,793
6.70%
3,973,498
3,739,395
5.87%
3,872,009
3,672,236
5.20%
3.44%
-2.05%
96.15%
0.00%
-2.60%
0.00%
New York State
Labor Force
Employment
Unemployment rate
9,671,133
8,835,267
8.63%
9,820,300
8,964,973
8.99%
9,756,928
8,974,394
8.00%
9,698,652
8,919,843
8.03%
9,691,113
9,090,485
6.20%
9,769,982
9,224,597
5.60%
9,536,673
9,087,015
4.70%
1.41%
-2.77%
83.62%
0.00%
-2.81%
0.00%
U.S. (seasonally adjusted) Labor Force
Employment
Unemployment rate
153,289,000
138,724,000
9.50%
154,362,333
139,518,000
9.63%
154,912,667
140,591,000
9.27%
153,992,667
141,578,000
8.07%
154,648,333
144,046,333
6.87%
154,650,000
145,299,333
6.07%
153,836,000
146,294,000
4.9%
-0.36%
-5.17%
93.88%
-0.36%
-4.63%
0.00%
Source: New York State Dept. of Labor Place of Residence Series
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
11
3/22/2010
Quarter-to-Quarter % Change (from Previous Year) in Employment
for the Hudson Valley 2001.Q1-2009.Q4
6.00%
4.00%
2.00%
0.00%
-2.00%
-4.00%
-6.00%
-8.00%
2001
2002
2003
2004
Hudson Valley
2005
New York State
12
2006
2007
United States
2008
2009
Total U.S. NonFarm Employees
(Seasonally Adjusted in Thousands)
Month
2009
2008
2007
2006
2005
2004
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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
130,420
130,463
130,801
131,051
131,361
131,442
131,489
131,610
131,770
132,121
132,185
132,317
Average
% Change
130,901
-4.30%
136,777
-0.59%
137,588
1.10%
136,086
1.79%
133,694
1.73%
131,419
1.09%
2005
2004
Monthly Changes in LABSTAT Series Report
(in Thousands)
Period
2009
2008
Jan-Feb
Feb-Mar
Mar-Apr
Apr-May
May-Jun
Jun-Jul
Jul-Aug
Aug-Sep
Sep-Oct
Oct-Nov
Nov-Dec
Dec-Jan
(726)
(753)
(582)
(347)
(504)
(344)
(211)
(225)
(224)
64
(150)
(20)
(50)
(33)
(149)
(231)
(193)
(210)
(334)
(458)
(554)
(728)
(673)
(779)
Total
Average
(4,022)
(335)
(4,392)
(366)
2007
104
239
92
149
55
(20)
(71)
52
86
128
70
(10)
874
73
*All numbers have been adjusted for recent changes
13
2006
326
304
174
31
69
232
141
100
43
201
177
194
240
142
360
169
246
369
195
63
84
334
158
262
43
338
250
310
81
47
121
160
351
64
132
136
1,992
166
2,622
219
2,033
169
Month to Month Change in Non-Farm Employment
(in thousands)
200
(20)
(150)
Dec-Jan/09
Nov-Dec/09
Oct-Nov/09
Sep-Oct/09
(673)
(728)
Jul-Aug
Aug-Sep
Sep-Oct
Oct-Nov
Nov-Dec
Dec-Jan
Jan-Feb/ 09
Feb-Mar/ 09
Mar-Apr/09
Apr-May/09
May-Jun/09
Jun-Jul/09
(224)
(753)
Aug-Sep/09
(504)
(582)
(554)
(726)
(225)
(344)
(347)
(334)
(458)
Jul-Aug/09
(100)
Apr-May
Mar-Apr
14
(211)
(231)
(149)
Feb-Mar
5
(800)
Jun-Jul
(700)
(210)
(600)
May-Jun
(500)
(193)
(400)
(33)
(300)
Jan-Feb
(200)
(50)
-
64
100
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
2009
39.0
38.2
38.5
38.6
39.3
38.7
38.8
38.2
38.9
39.6
38.9
40.6
2008
37.3
38.5
38.4
38.4
37.4
37.6
37.6
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
37.2
37.8
37.7
39.2
36.8
2005
37.7
37.7
38.0
38.7
38.4
37.3
35.8
38.9
34.9
35.1
35.4
36.5
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
2002
36.6
36.8
37.3
36.8
36.7
37.6
38.0
37.8
37.6
36.5
37.3
38.7
New York State**
January
February
March
April
May
June
July
August
September
October
November
December
2009
37.8
38.4
38.4
37.9
38.7
39.6
38.8
39.2
40.1
40.5
40.3
40.7
2008
40.0
40.0
40.2
40.4
39.5
39.4
39.1
39.6
39.3
39.2
39.2
38.6
2007
41.1
39.7
40.3
41.1
41.1
41.3
40.3
41.1
41.3
40.3
41.2
41.3
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
2002
39.8
40.3
40.6
40.2
40.5
40.3
39.6
40.0
40.6
40.4
40.6
41.1
United States*
January
February
March
April
May
June
July
August
September
October
November
December
2009
39.8
39.5
39.4
39.6
39.4
39.5
39.8
39.8
39.9
40.0
40.5
40.6
2008
41.1
41.1
41.2
41.0
41.0
41.0
41.0
40.9
40.5
40.4
40.3
39.9
2007
40.9
40.9
41.2
41.1
41.1
41.4
41.3
41.4
41.4
2006
40.9
41.0
41.1
41.2
41.1
41.3
41.5
41.3
41.1
41.2
41.0
41.0
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
2002
40.2
40.3
40.6
40.5
40.6
40.7
40.4
40.5
40.5
40.3
40.4
40.5
41.2
41.3
41.1
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
15
3/23/2010
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
2009
$16.38
$16.54
$16.90
$16.89
$17.08
$18.44
$16.10
$16.47
$16.29
$16.24
$16.04
$16.30
2008
$15.90
$15.97
$15.94
$15.91
$15.84
$16.15
$16.26
$16.00
$16.33
$16.03
$16.04
$16.38
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
2002
$13.00
$12.74
$12.92
$13.43
$13.32
$12.74
$12.73
$13.00
$12.97
$13.40
$13.31
$13.26
New York State
January
February
March
April
May
June
July
August
September
October
November
December
2009
$18.09
$18.33
$18.24
$18.51
$18.44
$18.45
$18.65
$18.14
$18.90
$18.69
$18.40
$18.40
2008
$18.10
$18.22
$18.35
$18.49
$18.49
$18.63
$18.68
$18.74
$18.91
$18.93
$18.70
$18.88
2007
$18.33
$18.43
$18.59
$18.68
$18.48
$18.75
$18.57
$18.78
$18.64
$18.24
$18.18
$18.17
2006
$17.74
$18.02
$18.16
$18.40
$18.40
$18.48
$18.32
$18.47
$18.25
$18.37
$18.42
$18.49
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
2002
$16.65
$16.81
$16.84
$17.00
$16.71
$16.62
$16.39
$16.64
$16.77
$16.68
$17.00
$16.85
United States
January
February
March
April
May
June
July
August
September
October
November
December
2009
$17.99
$18.07
$18.10
$18.11
$18.11
$18.13
$18.28
$18.26
$18.35
$18.35
$18.38
$18.37
2008
$17.49
$17.55
$17.61
$17.62
$17.65
$17.71
$17.78
$17.76
$17.79
$17.86
$17.94
$17.92
2007
$17.02
$17.06
$17.11
$17.20
$17.23
$17.28
$17.30
$17.33
$17.34
$17.34
$17.40
$17.41
2006
$16.71
$16.72
$16.74
$16.78
$16.79
$16.80
$16.80
$16.85
$16.83
$16.88
$16.89
$16.95
2005
$16.38
$16.42
$16.43
$16.48
$16.54
$16.56
$16.58
$16.65
$16.60
$16.71
$16.68
$16.70
2004
$15.94
$15.98
$16.01
$16.07
$16.08
$16.12
$16.16
$16.22
$16.29
$16.27
$16.29
$16.34
2003
$15.58
$15.62
$15.62
$15.63
$15.64
$15.69
$15.69
$15.76
$15.88
$15.81
$15.92
$16.05
2002
$15.05
$15.12
$15.15
$15.17
$15.23
$15.27
$15.27
$15.34
$15.38
$15.45
$15.48
$15.55
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
16
3/23/2010
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
2009
$638.82
$631.83
$650.65
$651.95
$671.24
$713.63
$624.68
$629.15
$633.68
$643.10
$623.96
$661.78
2008
$593.07
$614.85
$612.10
$610.94
$592.42
$607.24
$611.38
$593.60
$604.21
$615.55
$615.94
$651.92
2007
$610.18
$602.61
$587.10
$601.38
$592.76
$610.50
$589.03
$574.85
$597.20
$586.53
$584.01
$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
$547.76
$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
2002
$475.80
$468.83
$481.92
$494.22
$488.84
$479.02
$483.74
$491.40
$487.67
$489.10
$496.46
$513.16
New York State
January
February
March
April
May
June
July
August
September
October
November
December
2009
$683.80
$703.87
$700.42
$701.53
$713.63
$730.62
$723.62
$711.09
$757.89
$756.95
$741.52
$748.88
2008
$724.00
$728.80
$737.67
$743.30
$730.36
$734.02
$730.39
$742.10
$743.16
$738.27
$733.04
$728.77
2007
$753.36
$731.67
$749.18
$767.75
$759.53
$774.38
$748.37
$771.86
$769.83
$735.07
$749.02
$750.42
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
$667.75
$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
2002
$662.67
$677.44
$683.70
$683.40
$676.76
$669.79
$649.04
$665.60
$680.86
$673.87
$690.20
$692.54
United States
January
February
March
April
May
June
July
August
September
October
November
December
2009
$716.00
$713.77
$713.14
$717.16
$713.53
$716.14
$727.54
$726.75
$732.17
$734.00
$750.31
$758.71
2008
$718.84
$721.31
$725.53
$722.42
$723.65
$726.11
$728.98
$726.38
$720.50
$721.54
$722.98
$715.01
2007
2006
$682.62
$684.29
$686.78
$691.10
$689.25
$691.34
$696.37
$695.08
$691.71
$695.46
$692.49
$694.95
2005
$666.67
$666.65
$663.77
$667.44
$668.22
$669.02
$671.49
$675.99
$675.62
$685.11
$680.54
$681.36
2004
$653.54
$655.18
$654.81
$655.66
$659.28
$656.08
$659.33
$663.40
$664.63
$662.19
$659.75
$661.77
2003
$627.87
$626.36
$629.49
$623.64
$628.73
$635.45
$621.32
$633.55
$647.90
$643.47
$655.90
$662.87
2002
$605.01
$609.34
$615.09
$614.39
$618.34
$621.49
$616.91
$621.27
$622.89
$622.64
$625.39
$629.78
$696.12
$697.75
$704.93
$706.92
$708.15
$715.39
$716.22
$715.73
$717.88
$714.41
$718.62
$715.55
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
17
3/23/2010
Average Weekly Earnings of Manufacturing Workers
$775.00
$725.00
NYS
Dollars
$675.00
$625.00
USA
$575.00
`
$525.00
$475.00
NYC
$425.00
2002
2003
2004
2005
NYC
2006
NYS
2007
2008
2009
USA
Length of Average Work Week for Manufacturing Workers
43
42
NYS
41
Hours
40
USA
39
38
37
NYC
36
35
34
2002
2003
2004
2005
2006
NYC
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
NYS
18
2007
2008
2009
USA
3/23/2010
Employment Data by Industry: Levels
CES Data (Data in 1000's)
United States
MSAs
Rockland/Westchester/
Putnam
Dutchess/Orange
Dec-09
Dec-07
22,825.0
22,738.0
96.6
97.5
53.1
52.4
Federal Government
2,816.0
2,757.0
5.1
5.5
6.4
State Government
5,281.0
5,242.0
14.4
14.2
Local Government
14,728.0
14,739.0
77.1
8,363.1
8,385.0
17,871.0
Total Government
Local Government Education
Goods Producing
Service-Providing
Dec-09
Dec-07
Dec-09
Dec-07
Minor Counties
Columbia
Dec-09
5.1
Greene
Dec-07
5.3
Dec-09
4.9
Sullivan
Dec-07
4.8
Dec-09
6.4
Ulster
Dec-07
6.7
Dec-09
Dec-07
16.1
15.8
6.4
0.4
0.5
9.2
9.6
4.7
4.8
77.8
37.5
36.4
11.0
10.5
43.4
45.5
24.5
23.3
6.2
6.3
21,904.0
64.7
71.0
29.0
33.9
2.3
2.9
1.6
1.9
2.7
2.8
6.1
7.1
112,577.0 116,971.0
509.1
522.2
222.7
223.6
18.1
18.7
13.0
13.6
22.9
23.6
56.5
57.2
Manufacturing
11,580.0
13,776.0
29.0
31.7
18.4
22.0
1.4
1.8
1.0
1.0
1.4
1.4
3.6
4.2
Trade, Transportation, and Utilities
25,281.0
27,379.0
108.7
116.4
57.0
56.1
3.7
3.9
2.9
3.3
4.3
4.5
12.4
13.4
Wholesale Trade
5,581.9
6,053.7
23.5
24.8
9.3
9.8
1.2
1.4
Transportation and Warehousing
4,240.1
4,612.6
13.7
18.9
8.7
9.0
1.8
1.9
Retail Trade
14,871.1
16,156.4
67.2
72.7
37.8
36.1
9.4
10.1
Information
2,763.0
3,039.0
14.6
16.2
4.4
4.6
0.3
0.3
0.2
0.2
0.2
0.3
0.9
1.1
Financial Activities
7,667.0
8,232.0
35.6
36.9
9.0
9.5
0.6
0.6
0.4
0.4
1.2
1.2
2.5
2.7
Finance and Insurance
5,704.2
6,078.5
23.7
24.8
6.1
6.7
Professional and Business Services
16,569.0
7,839.9
69.2
73.8
20.9
21.2
1.5
1.7
0.5
0.6
1.4
1.4
4.3
4.4
Leisure and Hospitality
12,691.0
13,244.0
39.8
42.7
17.6
19.5
1.4
1.6
2.3
2.5
2.4
2.8
6.7
6.8
Data Source: New York State Department of Labor
Complied by: Marist College SOM, Bureau of Economic Research
19
3/22/2010
Employment Data by Industry: Percent of Non-Farm Employment
CES Data
United States
Dec-09
Total Government
MSAs
Rockland/Westchester/
Putnam
Dutchess/Orange
Dec-07
Dec-09
Dec-07
Dec-09
Dec-07
17.61%
16.37%
16.84%
16.44%
21.36%
20.15%
Federal Government
2.17%
1.99%
0.89%
0.93%
2.57%
State Government
4.08%
3.77%
2.51%
2.39%
Local Government
11.37%
10.61%
13.44%
6.45%
6.04%
Goods Producing
13.79%
Service-Providing
Minor Counties
Columbia
Dec-09
Dec-07
3.70%
3.69%
7.51%
7.47%
13.12%
15.08%
13.99%
17.57%
16.33%
7.56%
7.67%
9.86%
8.96%
9.90%
9.79%
15.70%
11.28%
11.97%
11.67%
13.03%
11.27%
13.43%
10.96%
12.33%
10.55%
10.60%
9.74%
11.02%
86.87%
84.23%
88.72%
88.03%
89.58%
86.97%
88.73%
86.57%
89.04%
88.30%
89.45%
89.39%
90.26%
88.90%
8.94%
9.92%
5.05%
5.34%
7.40%
8.30%
6.86%
8.33%
6.85%
6.49%
5.47%
5.30%
5.75%
6.53%
19.51%
19.71%
18.94%
19.62%
22.93%
22.71%
18.14%
18.06%
19.86%
21.42%
16.80%
17.04%
19.81%
20.83%
Wholesale Trade
4.31%
4.36%
4.10%
4.18%
3.74%
3.88%
1.92%
2.18%
Transportation and Warehousing
3.27%
11.63%
2.39%
3.19%
3.50%
4.08%
2.88%
2.95%
Retail Trade
11.48%
3.32%
11.71%
12.26%
15.21%
14.99%
15.02%
15.70%
Information
2.13%
2.19%
2.54%
2.73%
1.77%
1.77%
1.47%
1.39%
1.37%
1.30%
0.78%
0.76%
1.44%
1.71%
Financial Activities
5.92%
5.93%
6.20%
6.22%
3.62%
3.77%
2.94%
2.78%
2.74%
2.59%
4.69%
5.30%
3.99%
4.20%
Finance and Insurance
4.40%
4.38%
4.13%
4.18%
2.45%
2.58%
12.79%
5.65%
12.06%
12.44%
8.41%
8.15%
7.35%
7.87%
3.42%
3.89%
5.47%
5.68%
6.87%
6.84%
9.79%
9.54%
6.94%
7.20%
7.08%
7.50%
6.86%
7.41%
15.75%
16.23%
9.38%
9.09%
10.70%
10.57%
Data Source: New York State Department of Labor
Complied By: Marist College, SOM, Bureau of Economic Research
20
25.38%
Dec-09
0.01%
Leisure and Hospitality
25.00%
Dec-07
0.64%
Professional and Business Services
31.17%
Dec-09
2.46%
Trade, Transportation, and Utilities
33.56%
Dec-07
Ulster
24.57%
Manufacturing
24.54%
Dec-09
Sullivan
25.72%
Local Government Education
25.00%
Dec-07
Greene
3/22/2010
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
2009.Q2
2009.Q1
2008.Q4
2009.Q4 2009.Q3
573.2
574.2
575.4
564.9
587.0
478.0
477.5
477.0
468.1
489.4
96.2
95.8
98.4
96.8
97.6
5.2
5.4
5.6
5.5
5.5
14.5
14.5
14.4
14.2
14.3
76.5
75.9
78.4
77.1
77.8
43.0
37.0
45.4
44.8
45.3
65.7
67.2
66.1
64.3
69.4
508.5
506.1
509.3
500.6
517.6
420.0
412.3
410.3
410.9
403.8
96.2
98.4
98.4
96.8
97.6
29.2
29.4
29.6
29.8
30.7
107.2
104.3
105.2
105.4
111.4
23.6
23.6
23.7
23.5
24.2
13.5
12.3
17.5
17.5
18.2
65.9
64.2
64.0
64.3
69.0
14.5
14.5
14.5
14.6
15.0
8.0
7.6
7.5
7.9
9.1
9.5
8.8
8.9
9.0
10.3
14.5
14.8
15.1
15.1
15.6
35.6
35.9
35.7
35.4
36.1
23.7
23.7
23.7
23.7
24.0
70.1
71.3
71.3
69.0
73.3
25.1
25.7
26.7
22.7
24.8
92.2
90.9
90.7
89.7
90.4
19.5
19.5
19.3
19.3
19.5
40.6
45.5
43.3
39.6
42.7
31.6
33.1
32.2
30.7
32.2
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, Marist College
21
2008.Q3
575.8
486.7
97.0
5.5
14.5
77.0
40.1
69.9
513.8
416.8
97.0
30.8
107.5
24.3
17.1
66.1
14.8
8.7
9.7
15.8
36.6
24.3
74.6
21.9
89.0
19.4
46.9
32.3
Dec-07
593.2
495.7
97.5
5.5
14.2
77.8
45.5
71.0
522.2
424.7
97.5
31.7
116.4
24.8
18.9
72.7
15.0
10.5
11.7
16.2
36.9
24.8
73.8
24.9
88.8
18.9
42.7
32.5
Percent change
Q4.09 and near
term low
1.64%
2.11%
0.45%
0.00%
1.88%
0.83%
16.22%
2.18%
1.57%
2.11%
0.00%
0.00%
2.81%
0.28%
9.76%
2.92%
0.23%
6.67%
8.33%
0.00%
0.47%
0.14%
1.59%
21.92%
3.87%
3.17%
2.61%
3.04%
Percent change
Q4.09 and peak
of last Business
Cycle
-3.20%
-3.57%
-1.33%
-4.85%
1.88%
-1.67%
-5.49%
-7.46%
-2.62%
-2.92%
-1.33%
-7.99%
-7.88%
-4.97%
-28.57%
-9.40%
-3.11%
-23.81%
-18.52%
-10.29%
-3.61%
-4.30%
-5.01%
7.23%
3.87%
3.17%
-4.84%
-2.67%
3/22/2010
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
2009.Q4
252.2
199.0
53.2
6.5
9.2
37.5
24.5
29.4
222.8
169.6
53.2
18.5
56.2
9.3
8.6
37.1
7.1
5.3
5.8
4.4
9.0
6.1
21.0
13.2
38.0
8.7
18.1
15.4
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, Marist College
2009.Q3
248.1
197.5
50.6
6.6
9.3
34.7
20.7
30.3
219.2
167.2
52.0
18.8
54.4
9.3
8.1
35.8
7.1
5.0
5.7
4.5
9.1
6.1
21.0
10.7
37.4
8.8
20.3
16.5
2009.Q2
2009.Q1
2008.Q4
2008.Q3
251.4
248.9
258.1
254.4
198.2
195.7
205.0
203.7
53.2
53.2
53.1
50.7
6.5
6.5
6.5
6.6
9.4
9.5
9.6
9.8
37.3
37.2
37.0
34.4
23.8
23.8
24.0
20.4
30.4
30.0
32.4
35.0
221.0
218.9
225.7
221.2
167.8
165.7
172.5
170.5
53.2
53.2
53.1
50.7
21.1
21.1
21.7
22.0
54.4
54.5
57.8
56.0
9.3
9.2
9.6
9.7
8.5
8.5
9.0
8.8
35.5
35.7
38.0
36.3
7.1
7.1
7.2
7.3
4.9
5.0
4.9
5.3
5.7
5.8
5.9
5.8
4.5
4.5
4.7
4.7
9.1
9.4
9.4
9.6
6.1
6.2
6.4
6.4
21.1
20.9
21.6
21.7
12.0
11.9
12.4
10.1
37.5
37.1
37.3
36.1
8.7
8.7
8.8
8.9
19.6
18.1
19.5
21.7
16.0
15.0
15.9
17.1
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
59.1
10.1
10.6
39.0
7.3
5.7
6.6
4.6
9.8
6.7
21.2
11.6
36.7
8.9
19.5
16.0
Percent change
Percent change Q4.09 and peak
Q4.09 and near of last Business
term low
Cycle
1.65%
-3.04%
1.65%
-4.20%
5.20%
1.59%
2.08%
2.08%
0.00%
-4.17%
9.11%
3.02%
20.26%
5.29%
0.00%
-13.27%
1.80%
-1.50%
2.35%
-2.42%
4.93%
1.53%
0.00%
-14.35%
3.31%
-4.86%
1.09%
-7.92%
6.17%
-18.87%
4.51%
-4.87%
0.00%
-2.74%
8.83%
-7.02%
2.34%
-11.62%
0.00%
-4.35%
0.00%
-8.16%
0.00%
-8.96%
0.18%
-1.10%
30.31%
13.79%
5.41%
3.63%
0.00%
-2.25%
0.18%
-7.01%
2.89%
-3.54%
3/22/2010
22
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
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
2009.Q4
20.4
15.3
5.1
2009.Q3
21.0
16.0
5.0
2.3
18.1
13.0
2009.Q2
2009.Q1
2008.Q4
2008.Q3
20.9
15.8
5.0
20.1
15.1
4.9
21.2
16.1
5.0
21.6
16.7
5.0
Dec-07
21.6
16.2
5.3
1.4
3.7
2.6
18.4
13.5
4.9
1.5
3.7
2.5
18.3
13.3
5.0
1.5
3.8
2.5
17.6
12.7
4.9
1.6
3.7
2.8
18.4
13.4
5.0
1.7
3.8
2.9
18.8
13.8
5.0
1.7
3.8
2.9
18.7
13.4
5.3
1.8
3.9
0.9
0.3
0.6
1.1
0.3
0.6
1.0
0.3
0.6
0.9
0.3
0.5
1.1
0.3
0.6
1.2
0.3
0.6
1.1
0.3
0.6
1.5
4.5
1.5
4.5
1.5
4.5
1.4
4.4
1.6
4.5
1.6
4.4
1.4
1.9
1.7
1.3
1.6
2.1
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, Marist College
23
Percent change
Percent change Q4-09 and peak
Q4.09 and near of last Business
term low
Cycle
1.49%
-5.56%
1.32%
-5.56%
4.08%
-3.77%
0.00%
-20.69%
2.84%
-3.21%
2.36%
-2.99%
0.00%
-22.22%
0.00%
-5.13%
0.00%
-18.18%
0.00%
0.00%
20.00%
0.00%
1.7
4.3
7.14%
-11.76%
4.65%
4.65%
1.6
7.69%
-12.50%
3/22/2010
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
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
2009.Q1
2008.Q4
2008.Q3
14.9
10.2
4.7
14.8
10.1
4.7
15.4
10.7
4.7
Dec-07
15.4
10.7
4.8
1.0
2.9
1.7
13.1
8.2
4.9
1.0
3.0
1.6
12.8
8.0
4.8
1.0
3.1
1.5
13.4
8.7
4.7
1.0
3.1
1.9
12.9
8.2
4.7
1.0
3.1
2.0
13.4
8.7
4.7
1.1
3.2
1.9
13.6
8.8
4.8
1.0
3.3
0.7
0.2
0.4
0.7
0.2
0.4
0.6
0.2
0.4
0.5
0.2
0.4
0.9
0.2
0.4
0.9
0.2
0.4
0.5
1.4
0.5
1.2
0.5
1.3
0.5
1.3
0.6
1.3
2.1
2.4
2.1
2.8
2.2
2009.Q3
14.8
9.9
4.8
1.6
12.8
7.9
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, Marist College
2009.Q2
14.4
9.7
4.7
2009.Q4
14.5
9.5
4.9
24
Percent change
Q4.09 and near
term low
Percent change
Q4.09 and peak of
last Business Cycle
0.69%
0.00%
4.26%
-5.84%
-11.21%
2.08%
6.67%
0.00%
0.00%
-15.79%
-5.88%
-10.23%
0.00%
0.00%
0.00%
-12.12%
0.9
0.2
0.4
40.00%
0.00%
0.00%
-22.22%
0.00%
0.00%
0.6
1.3
0.6
1.4
0.00%
13.82%
-16.67%
0.00%
2.6
2.5
0.00%
-16.00%
3/23/2010
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
3.6
12.2
1.3
1.7
9.2
2009.Q3
62.1
46.6
15.5
0.4
4.7
10.4
5.2
6.5
55.6
40.2
15.5
3.7
11.9
1.3
1.5
9.1
2009.Q2
62.8
46.6
16.3
0.5
4.9
10.9
6.6
6.4
56.5
40.2
16.3
3.7
12.0
1.3
1.7
9.0
2009.Q1
61.3
45.3
15.8
0.5
4.8
10.5
6.3
6.3
54.8
39.0
15.8
3.8
11.9
1.3
1.7
8.9
2008.Q4
63.4
47.6
15.9
0.5
4.6
10.7
6.3
6.7
56.7
40.8
15.9
3.9
12.8
1.4
1.8
9.6
2008.Q3
62.5
47.8
14.6
0.5
4.6
9.5
5.0
6.9
55.6
40.9
14.7
4.0
12.3
1.4
1.6
9.3
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
2.6
0.9
2.5
2.8
1.0
2.5
2.7
1.0
2.5
2.5
1.0
2.5
2.8
1.0
2.6
2.9
1.0
2.7
4.4
11.1
4.3
10.6
4.6
10.6
4.1
10.5
4.1
10.6
6.8
7.3
7.1
6.5
7.1
2009.Q4
62.8
46.6
16.1
0.4
4.7
11.0
6.2
6.2
56.5
40.4
Source: NY State Department of Labor-Current Employment Survey
Complied by Bureau of Economic Research, Marist College
25
Percent change
Percent change Q4.09 and peak
Q4.09 and near of last Business
Cycle
term low
2.45%
2.87%
1.90%
0.00%
2.17%
15.79%
24.00%
0.00%
3.10%
3.59%
-2.33%
-3.92%
1.90%
-20.00%
-2.08%
4.76%
-1.59%
-12.68%
-1.22%
-2.42%
0.00%
2.52%
0.00%
13.33%
3.37%
-14.29%
-8.96%
-7.14%
-10.53%
-8.91%
2.9
1.1
2.7
4.00%
0.00%
0.00%
-10.34%
-18.18%
-7.41%
4.2
10.4
4.4
10.3
7.32%
7.77%
0.00%
7.77%
7.6
6.8
4.62%
0.00%
3/23/2010
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
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
2009.Q2
2009.Q1
2008.Q4
2008.Q3
26.4
19.6
6.8
25.1
18.5
6.6
26.7
20.0
6.7
28.1
21.6
6.6
Dec-07
26.4
19.7
6.7
1.4
4.3
2.9
24.7
18.2
6.5
1.4
4.4
2.7
23.7
16.9
6.8
1.4
4.3
2.4
22.7
16.1
6.6
1.3
4.2
2.7
24.1
17.3
6.8
1.3
4.5
2.8
25.4
18.8
6.6
1.3
4.6
1.4
0.2
1.2
1.5
0.3
1.3
1.3
0.2
1.3
1.1
0.2
1.3
1.4
0.2
1.3
1.4
5.8
1.4
5.7
1.4
5.7
1.4
5.6
2.6
4.0
2.8
2.2
2009.Q4
26.0
19.5
6.5
2009.Q3
27.6
21.1
6.5
2.8
23.2
16.7
Source: NY State Department of Labor- Current Employment Survery
Compiled by Bureau of Economic Research, Marist College
26
Percent change
Percent change Q4.09 and peak
Q4.09 and near of last Business
term low
Cycle
3.59%
5.41%
0.00%
-1.52%
-1.02%
-2.99%
2.8
23.6
16.9
6.7
1.4
4.5
16.67%
2.20%
3.73%
0.00%
-1.69%
-1.18%
7.69%
2.38%
0.00%
-4.44%
1.5
0.3
1.4
1.4
0.2
1.4
27.27%
0.00%
0.00%
0.00%
0.00%
-14.29%
1.5
5.8
1.5
5.7
1.5
5.7
0.00%
3.57%
-6.67%
1.75%
2.7
3.9
2.4
18.18%
8.33%
3/23/2010
Food Stamps - Recipients
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
12,982
12,710
12,159
11,201
10,176
9,626
Dutchess
54,273
50,670
47,465
43,851
40,585
38,161
Greene
14,846
14,139
13,588
12,737
11,676
10,971
Orange
100,256
93,845
90,086
85,431
80,612
77,192
Putnam
5,009
4,581
4,181
3,599
3,272
3,156
Rockland
91,758
87,677
83,066
78,685
74,741
72,357
Sullivan
28,410
26,470
25,623
24,179
22,484
21,375
Ulster
47,743
44,929
41,931
38,500
35,002
32,464
Westchester
178,739
168,186
156,966
147,683
140,205
135,199
Hudson Valley Total
534,016
503,207
475,065
445,866
418,753
400,501
New York City
4,871,893
4,675,680
4,420,075
4,173,053
3,997,391
3,834,798
New York State
7,896,345
7,542,569
7,150,986
6,753,702
6,425,652
6,160,053
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009 Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
2.14%
4.53%
8.55%
10.07%
5.71%
-0.07%
Dutchess
7.11%
6.75%
8.24%
8.05%
6.35%
4.16%
Greene
5.00%
4.06%
6.68%
9.09%
6.43%
2.72%
Orange
6.83%
4.17%
5.45%
5.98%
4.43%
3.62%
Putnam
9.34%
9.57%
16.17%
9.99%
3.68%
2.40%
Rockland
4.65%
5.55%
5.57%
5.28%
3.29%
3.09%
Sullivan
7.33%
3.31%
5.97%
7.54%
5.19%
0.77%
Ulster
6.26%
7.15%
8.91%
9.99%
7.82%
2.90%
Westchester
6.27%
7.15%
6.29%
5.33%
3.70%
3.68%
Hudson Valley Total
6.12%
5.92%
6.55%
6.47%
4.56%
3.25%
New York City
4.20%
5.78%
5.92%
4.39%
4.24%
4.09%
New York State
4.69%
5.48%
5.88%
5.11%
4.31%
3.38%
Data: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
27
3/23/2010
Food Stamps - Expenditures
Quarterly Sum
2009.Q3
2009.Q2
Counties
2009.Q4
Columbia
$1,879,319
$1,856,871
$1,777,138
$1,375,879
$1,208,472
$946,781
Dutchess
$7,864,094
$7,397,906
$6,998,023
$5,472,870
$4,959,761
$3,917,032
Greene
$2,116,625
$2,005,684
$1,928,537
$1,547,226
$1,369,629
$1,087,200
Orange
$14,798,877
$13,894,427
$13,227,481
$10,909,120
$9,893,473
$8,076,709
Putnam
$677,530
$628,940
$602,005
$439,154
$380,871
$263,890
$13,170,004
$12,549,551
$11,945,796
$9,693,808
$8,985,893
$7,392,847
Sullivan
$4,035,444
$3,752,947
$3,660,263
$2,953,118
$2,706,723
$1,975,314
Ulster
$6,799,438
$6,425,981
$6,018,236
$4,705,095
$4,240,875
$3,256,764
Westchester
$26,267,776
$24,775,050
$23,188,773
$18,662,820
$17,377,851
$14,385,006
Hudson Valley Total
$77,609,107
$73,287,357
$69,346,252
$55,759,090
$51,123,548
$41,301,543
$778,981,098
$747,399,332
Rockland
New York City
New York State
$708,030,390
$1,203,847,838 $1,153,163,927 $1,098,281,437
2009.Q1
2008.Q4
2008.Q3
$573,260,819
$551,324,204
$440,140,484
$886,557,861
$838,063,751
$673,024,461
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
1.21%
4.49%
29.16%
13.85%
27.64%
0.57%
Dutchess
6.30%
5.71%
27.87%
10.35%
26.62%
3.41%
Greene
5.53%
4.00%
24.64%
12.97%
25.98%
3.41%
Orange
6.51%
5.04%
21.25%
10.27%
22.49%
2.67%
Putnam
7.73%
4.47%
37.08%
15.30%
44.33%
-1.21%
Rockland
4.94%
5.05%
23.23%
7.88%
21.55%
3.10%
Sullivan
7.53%
2.53%
23.95%
9.10%
37.03%
1.00%
Ulster
5.81%
6.78%
27.91%
10.95%
30.22%
4.42%
Westchester
6.03%
6.84%
24.25%
7.39%
20.81%
4.45%
Hudson Valley Total
5.90%
5.68%
24.37%
9.07%
23.78%
3.43%
New York City
4.23%
5.56%
23.51%
3.98%
25.26%
3.08%
New York State
4.40%
5.00%
23.88%
5.79%
24.52%
2.70%
Data: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
28
3/23/2010
Total Temporary Assistance - Recipients
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
2,435
2,325
2,416
2,174
2,008
2,046
Dutchess
8,482
7,891
7,498
7,225
6,829
6,770
Greene
2,928
2,825
2,673
2,668
2,445
2,376
Orange
19,167
18,358
16,995
15,662
14,897
14,880
Putnam
347
361
336
305
311
382
Rockland
8,375
8,035
7,568
7,330
7,028
7,118
Sullivan
5,636
5,395
5,517
5,074
4,796
4,265
Ulster
8,594
8,175
7,921
7,527
7,000
6,708
Westchester
42,613
41,275
40,157
39,056
39,079
39,214
Hudson Valley
98,577
94,640
91,081
87,021
84,383
83,759
New York City
1,062,393
1,034,252
1,026,094
1,020,022
1,014,173
1,004,313
New York State
1,642,009
1,593,510
1,568,140
1,549,194
1,529,404
1,510,843
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
4.73%
-3.77%
11.13%
8.27%
-1.86%
0.15%
Dutchess
7.49%
5.24%
3.78%
5.80%
0.87%
4.36%
Greene
3.65%
5.69%
0.19%
9.12%
2.90%
-1.21%
Orange
4.41%
8.02%
8.51%
5.14%
0.11%
1.63%
Putnam
-3.88%
7.44%
10.16%
-1.93%
-18.59%
-5.91%
Rockland
4.23%
6.17%
3.25%
4.30%
-1.26%
-0.14%
Sullivan
4.47%
-2.21%
8.73%
5.80%
12.45%
-6.12%
Ulster
5.13%
3.21%
5.23%
7.53%
4.35%
-0.58%
Westchester
3.24%
2.78%
2.82%
-0.06%
-0.34%
2.63%
Hudson Valley
4.16%
3.91%
4.67%
3.13%
0.74%
1.39%
New York City
2.72%
0.80%
0.60%
0.58%
0.98%
-2.34%
New York State
3.04%
1.62%
1.22%
1.29%
1.23%
-1.69%
Source: New York State Office of Temporary and Disability Assistance
29
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Total Temporary Assistance - Expenditures
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
$852,800
$877,936
$1,066,512
$751,808
$694,280
$688,847
Dutchess
$3,397,543
$3,031,709
$3,317,787
$3,107,559
$2,556,517
$3,188,681
Greene
$896,746
$834,365
$818,603
$746,125
$707,885
$642,600
Orange
$8,480,092
$7,333,215
$6,915,306
$5,871,352
$5,479,423
$6,032,523
Putnam
$162,556
$172,888
$180,198
$160,688
$163,788
$215,059
Rockland
$2,679,512
$2,519,836
$2,390,311
$2,323,940
$2,288,118
$2,205,955
Sullivan
$1,923,560
$1,867,267
$2,037,339
$1,779,288
$1,646,291
$1,585,280
Ulster
$3,349,548
$3,003,171
$3,073,806
$2,897,405
$2,564,326
$2,616,009
Westchester
$20,865,059
$19,769,938
$21,008,628
$19,232,247
$19,485,635
$22,656,846
Hudson Valley
$42,607,416
$39,410,325
$40,808,490
$36,870,412
$35,586,263
$39,815,219
New York City
$340,813,174
$332,184,941
$318,944,634
$318,464,000
$319,621,000
$321,691,000
New York State
$521,026,026
$503,887,382
$489,195,147
$481,968,735
$476,556,196
$479,939,099
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
-2.86%
-17.68%
41.86%
8.29%
0.79%
-3.86%
Dutchess
12.07%
-8.62%
6.77%
21.55%
-19.83%
11.41%
Greene
7.48%
1.93%
9.71%
5.40%
10.16%
-7.11%
Orange
15.64%
6.04%
17.78%
7.15%
-9.17%
-7.24%
Putnam
-5.98%
-4.06%
12.14%
-1.89%
-23.84%
9.67%
Rockland
6.34%
5.42%
2.86%
1.57%
3.72%
-1.90%
Sullivan
3.01%
-8.35%
14.50%
8.08%
3.85%
-5.57%
Ulster
11.53%
-2.30%
6.09%
12.99%
-1.98%
-0.71%
Westchester
5.54%
-5.90%
9.24%
-1.30%
-14.00%
10.83%
Hudson Valley
8.11%
-3.43%
10.68%
3.61%
-10.62%
4.80%
New York City
2.60%
4.15%
0.15%
-0.36%
-0.64%
-6.22%
New York State
3.40%
3.00%
1.50%
1.14%
-0.70%
-4.98%
Source: New York State Office of Temporary and Disability Assistance
30
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Family Assistance - Recipients
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
1,348
1,324
1,350
1,267
1,221
1,236
Dutchess
4,957
4,638
4,497
4,364
4,178
3,989
Greene
1,569
1,576
1,444
1,526
1,430
1,333
Orange
10,774
10,104
9,460
9,070
8,788
8,622
Putnam
201
193
160
171
171
221
Rockland
4,367
4,177
3,810
3,698
3,508
3,461
Sullivan
3,283
3,155
3,204
2,992
2,914
2,631
Ulster
4,658
4,453
4,392
4,260
4,225
3,960
Westchester
21,132
20,228
19,506
19,104
19,451
19,599
Hudson Valley
52,289
49,848
47,823
46,452
45,886
45,052
New York City
470,671
460,074
449,710
448,776
450,955
445,373
New York State
777,057
755,519
735,495
730,197
729,423
718,841
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
1.81%
-1.93%
6.55%
3.77%
-1.21%
-5.21%
Dutchess
6.88%
3.14%
3.05%
4.45%
4.74%
6.01%
Greene
-0.44%
9.14%
-5.37%
6.71%
7.28%
0.68%
Orange
6.63%
6.81%
4.30%
3.21%
1.93%
1.87%
Putnam
4.15%
20.63%
-6.43%
0.00%
-22.62%
-16.29%
Rockland
4.55%
9.63%
3.03%
5.42%
1.36%
0.73%
Sullivan
4.06%
-1.53%
7.09%
2.68%
10.76%
-1.50%
Ulster
4.60%
1.39%
3.10%
0.83%
6.69%
4.32%
Westchester
4.47%
3.70%
2.10%
-1.78%
-0.76%
4.31%
Hudson Valley
4.90%
4.23%
2.95%
1.23%
1.85%
2.83%
New York City
2.30%
2.30%
0.21%
-0.48%
1.25%
-1.66%
New York State
2.85%
2.72%
0.73%
0.11%
1.47%
-0.88%
Source: New York State Office of Temporary and Disability Assistance
31
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Family Assistance - Expenditures
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
$332,403
$335,825
$359,178
$298,094
$309,958
$291,318
Dutchess
$1,636,533
$1,517,735
$1,483,354
$1,439,933
$1,313,271
$1,636,953
Greene
$398,277
$379,110
$366,091
$355,106
$327,733
$304,973
Orange
$4,278,624
$3,463,371
$3,118,844
$2,854,590
$2,873,983
$3,184,231
Putnam
$82,967
$65,132
$57,479
$76,098
$70,660
$94,256
$1,341,949
$1,193,050
$1,143,975
$1,112,030
$1,080,235
$1,049,859
$873,286
$851,201
$960,590
$852,837
$772,764
$777,714
Ulster
$1,433,038
$1,359,522
$1,315,578
$1,315,118
$1,312,548
$1,328,831
Westchester
$8,873,210
$8,550,442
$8,819,349
$7,584,375
$8,348,293
$9,784,423
Hudson Valley
$19,250,287
$17,715,388
$17,624,438
$15,888,181
$16,409,445
$18,452,558
New York City
$133,077,710
$130,692,339
$123,859,993
$125,324,000
$126,691,000
$128,455,000
New York State
$218,091,885
$210,956,348
$202,425,564
$201,156,115
$202,204,392
$204,732,957
Rockland
Sullivan
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
-1.02%
-6.50%
20.49%
-3.83%
6.40%
-21.29%
Dutchess
7.83%
2.32%
3.02%
9.64%
-19.77%
9.53%
Greene
5.06%
3.56%
3.09%
8.35%
7.46%
-3.39%
Orange
23.54%
11.05%
9.26%
-0.67%
-9.74%
-7.05%
Putnam
27.38%
13.31%
-24.47%
7.70%
-25.03%
-16.40%
Rockland
12.48%
4.29%
2.87%
2.94%
2.89%
-4.17%
Sullivan
2.59%
-11.39%
12.63%
10.36%
-0.64%
0.42%
Ulster
5.41%
3.34%
0.03%
0.20%
-1.23%
8.47%
Westchester
3.77%
-3.05%
16.28%
-9.15%
-14.68%
13.50%
Hudson Valley
8.66%
0.52%
10.93%
-3.18%
-11.07%
5.84%
New York City
1.83%
5.52%
-1.17%
-1.08%
-1.37%
-13.38%
New York State
3.38%
4.21%
0.63%
-0.52%
-1.24%
-9.51%
Source: New York State Office of Temporary and Disability Assistance
32
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Safety Net Assistance - Recipients
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
1,087
1,001
1,066
907
787
810
Dutchess
3,525
3,253
3,001
2,861
2,651
2,781
Greene
1,359
1,249
1,229
1,142
1,015
1,043
Orange
8,393
8,254
7,535
6,592
6,109
6,258
Putnam
146
168
176
134
140
161
Rockland
4,008
3,858
3,758
3,632
3,520
3,657
Sullivan
2,353
2,240
2,313
2,082
1,882
1,634
Ulster
3,936
3,722
3,529
3,267
2,775
2,748
Westchester
21,481
21,047
20,651
19,952
19,628
19,615
Hudson Valley
46,288
44,792
43,258
40,569
38,497
38,707
New York City
591,722
574,178
576,384
571,246
563,218
558,940
New York State
864,952
837,991
832,645
818,997
799,981
792,002
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
8.59%
-6.10%
17.53%
15.25%
-2.84%
9.61%
Dutchess
8.36%
8.40%
4.89%
7.92%
-4.67%
2.09%
Greene
8.81%
1.63%
7.62%
12.51%
-2.68%
-3.52%
Orange
1.68%
9.54%
14.31%
7.91%
-2.38%
1.31%
Putnam
-13.10%
-4.55%
31.34%
-4.29%
-13.04%
13.38%
Rockland
3.89%
2.66%
3.47%
3.18%
-3.75%
-0.95%
Sullivan
5.04%
-3.16%
11.10%
10.63%
15.18%
-12.71%
Ulster
5.75%
5.47%
8.02%
17.73%
0.98%
-6.88%
Westchester
2.06%
1.92%
3.50%
1.65%
0.07%
1.01%
Hudson Valley
3.34%
3.55%
6.63%
5.38%
-0.54%
-0.23%
New York City
3.06%
-0.38%
0.90%
1.43%
0.77%
-2.87%
New York State
3.22%
0.64%
1.67%
2.38%
1.01%
-2.42%
Source: New York State Office of Temporary and Disability Assistance
33
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Safety Net Assistance - Expenditures
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
$520,397
$542,111
$707,334
$453,714
$384,322
$397,529
Dutchess
$1,761,010
$1,513,974
$1,834,433
$1,667,626
$1,243,246
$1,551,728
Greene
$498,469
$455,255
$452,512
$391,019
$380,152
$337,627
Orange
$4,201,468
$3,869,844
$3,796,462
$3,016,762
$2,605,440
$2,848,292
Putnam
$79,589
$107,756
$122,719
$84,590
$93,128
$120,803
Rockland
$1,337,563
$1,326,786
$1,246,336
$1,211,910
$1,207,883
$1,156,096
Sullivan
$1,050,274
$1,016,066
$1,076,749
$926,451
$873,527
$807,566
Ulster
$1,916,510
$1,643,649
$1,758,228
$1,582,287
$1,251,778
$1,287,178
Westchester
$11,991,849
$11,219,496
$12,189,279
$11,647,872
$11,137,342
$12,872,423
Hudson Valley
$23,357,129
$21,694,937
$23,184,052
$20,982,231
$19,176,818
$21,362,661
New York City
$207,735,464
$201,492,602
$195,084,641
$193,140,000
$192,930,000
$193,236,000
New York State
$302,934,141
$292,931,034
$286,769,583
$280,812,620
$274,351,804
$275,206,142
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
-4.01%
-23.36%
55.90%
18.06%
-3.32%
-44.52%
Dutchess
16.32%
-17.47%
10.00%
34.13%
-19.88%
-45.78%
Greene
9.49%
0.61%
15.73%
2.86%
12.60%
-51.20%
Orange
8.57%
1.93%
25.85%
15.79%
-8.53%
-7.44%
Putnam
-26.14%
-12.19%
45.08%
-9.17%
-22.91%
44.93%
Rockland
0.81%
6.45%
2.84%
0.33%
4.48%
0.25%
Sullivan
3.37%
-5.64%
16.22%
6.06%
8.17%
-10.69%
Ulster
16.60%
-6.52%
11.12%
26.40%
-2.75%
-8.69%
Westchester
6.88%
-7.96%
4.65%
4.58%
-13.48%
8.89%
Hudson Valley
7.66%
-6.42%
10.49%
9.41%
-10.23%
3.92%
New York City
3.10%
3.28%
1.01%
0.11%
-0.16%
-0.77%
New York State
3.41%
2.15%
2.12%
2.35%
-0.31%
-1.29%
Source: New York State Office of Temporary and Disability Assistance
34
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Supplemental Social Security Income - Recipients
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
4,658
4,636
4,634
4,622
4,542
4,505
Dutchess
14,667
14,470
14,535
14,342
14,114
14,065
Greene
3,858
3,850
3,812
3,865
3,785
3,780
Orange
19,439
19,164
19,269
19,204
19,072
19,028
Putnam
2,465
2,420
2474
2,481
2,501
2,515
14,585
14,288
14,249
14,098
13,984
13,878
7,539
7,461
7,455
7,501
7,538
7,589
Ulster
12,403
12,222
12,265
12,230
12,223
12,176
Westchester
50,435
49,875
49,955
49,932
49,771
49,305
Hudson Valley
130,049
128,386
128,648
128,275
127,530
126,841
New York City
1,250,696
1,240,307
1,241,266
1,237,347
1,233,303
1,230,506
New York State
2,014,473
1,995,892
1,997,781
1,989,688
1,980,605
1,973,034
Rockland
Sullivan
Quarterly Percentage Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
0.47%
0.04%
0.26%
1.76%
0.82%
-0.55%
Dutchess
1.36%
-0.45%
1.35%
1.62%
0.35%
0.24%
Greene
0.21%
1.00%
-1.37%
2.11%
0.13%
1.72%
Orange
1.43%
-0.54%
0.34%
0.69%
0.23%
1.57%
Putnam
1.86%
-2.18%
-0.28%
-0.80%
-0.56%
1.49%
Rockland
2.08%
0.27%
1.07%
0.82%
0.76%
0.96%
Sullivan
1.05%
0.08%
-0.61%
-0.49%
-0.67%
0.04%
Ulster
1.48%
-0.35%
0.29%
0.06%
0.39%
0.82%
Westchester
1.12%
-0.16%
0.05%
0.32%
0.95%
1.20%
Hudson Valley
1.30%
-0.20%
0.29%
0.58%
0.54%
0.97%
New York City
0.84%
-0.08%
0.32%
0.33%
0.23%
0.29%
New York State
0.93%
-0.09%
0.41%
0.46%
0.38%
0.49%
Source: New York State Office of Temporary and Disability Assistance
35
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Supplemental Social Security Income - Expenditures
Quarterly Sum
Counties
2009.Q4
Columbia
$2,509,623
$2,470,444
$2,669,310
$2,572,487
$2,328,020
$2,290,678
Dutchess
$8,399,010
$7,947,294
$8,030,618
$7,897,648
$7,428,628
$7,439,100
Greene
$2,028,453
$1,983,787
$2,048,672
$2,098,027
$1,902,512
$1,895,570
Orange
$10,455,586
$10,166,183
$10,262,695
$10,015,872
$9,548,400
$9,594,935
Putnam
$1,282,337
$1,248,034
$1,244,841
$1,219,886
$1,169,076
$1,220,226
Rockland
$8,030,703
$7,767,091
$7,809,171
$7,671,728
$7,146,429
$7,065,438
Sullivan
$3,868,949
$3,843,847
$3,963,265
$4,030,900
$3,771,364
$3,877,934
Ulster
$7,058,383
$6,733,700
$6,681,324
$6,488,834
$6,361,302
$6,474,854
Westchester
$26,581,784
$26,246,671
$26,487,532
$26,054,838
$24,821,820
$24,692,702
Hudson Valley
$70,214,828
$68,407,051
$69,197,428
$68,050,220
$64,477,551
$64,551,437
New York City
$718,282,013
$707,822,956
$711,953,664
$706,146,341
$669,798,875
$668,872,130
New York State
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
$1,140,439,540 $1,121,286,497 $1,132,039,544 $1,117,871,233 $1,060,836,991 $1,054,800,494
Quarterly Percentage Change
Counties
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
1.59%
-7.45%
3.76%
10.50%
1.63%
-3.42%
Dutchess
5.68%
-1.04%
1.68%
6.31%
-0.14%
0.02%
Greene
2.25%
-3.17%
-2.35%
10.28%
0.37%
0.74%
Orange
2.85%
-0.94%
2.46%
4.90%
-0.48%
2.21%
Putnam
2.75%
0.26%
2.05%
4.35%
-4.19%
5.31%
Rockland
3.39%
-0.54%
1.79%
7.35%
1.15%
-0.48%
Sullivan
0.65%
-3.01%
-1.68%
6.88%
-2.75%
-2.82%
Ulster
4.82%
0.78%
2.97%
2.00%
-1.75%
1.58%
Westchester
1.28%
-0.91%
1.66%
4.97%
0.52%
0.00%
Hudson Valley
2.64%
-1.14%
1.69%
5.54%
-0.11%
0.25%
New York City
1.48%
-0.58%
0.82%
5.43%
0.14%
-0.80%
New York State
1.71%
-0.95%
1.27%
5.38%
0.57%
-0.48%
Source: New York State Office of Temporary and Disability Assistance
36
Compiled by: Bureau of Economic Research, Marist College
3/23/2010
Home Energy Assistance - Recipients
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
7,144
12,542
12,341
10,262
6,203
9,180
Dutchess
22,820
31,645
30,675
25,139
17,925
22,816
Greene
9,233
16,129
15,675
12,866
7,922
13,569
Orange
33,010
54,403
49,270
35,439
25,928
40,172
Putnam
2,881
4,501
4,442
3,636
2,397
2,811
Rockland
25,073
34,824
32,970
24,733
20,215
22,618
Sullivan
14,678
26,375
25,898
21,513
12,209
23,048
Ulster
26,456
46,696
45,705
36,021
19,932
37,201
Westchester
67,867
57,393
57,194
54,858
51,950
31,884
Hudson Valley
209,162
284,508
274,170
224,467
164,681
203,299
New York City
N/A
2,247,469
2,100,716
1,755,931
N/A
N/A
2,048,265
4,574,270
4,337,061
3,486,510
1,685,783
3,351,421
New York State
Quarterly Percent Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
Columbia
-43.04%
1.63%
20.26%
65.44%
-32.43%
1.47%
Dutchess
-27.89%
3.16%
22.02%
40.25%
-21.44%
3.52%
Greene
-42.76%
2.90%
21.83%
62.41%
-41.62%
3.22%
Orange
-39.32%
10.42%
39.03%
36.68%
-35.46%
16.16%
Putnam
-35.99%
1.33%
22.17%
51.69%
-14.73%
4.81%
Rockland
-28.00%
5.62%
33.30%
22.35%
-10.62%
14.26%
Sullivan
-44.35%
1.84%
20.38%
76.21%
-47.03%
1.78%
Ulster
-43.34%
2.17%
26.88%
80.72%
-46.42%
3.75%
Westchester
18.25%
0.35%
4.26%
5.60%
62.93%
0.49%
Hudson Valley
-26.48%
3.77%
22.14%
36.30%
-19.00%
6.15%
New York City
N/A
6.99%
19.64%
N/A
New York State
-55.22%
5.47%
24.40%
106.82%
Source: New York State Office and Temporary and Disability Assistance
Compiled By: Bureau of Economic Research, Marist College
37
2008.Q4
N/A
-49.70%
2008.Q3
N/A
14.12%
3/23/2010
Home Energy Assistance - Expenditures
Quarterly Sum
Counties
2009.Q4
2009.Q3
2009.Q1
2009.Q2
2008.Q4
2008.Q3
Columbia
$3,149,064
$7,613,514
$7,516,486
$6,342,775
$3,284,344
$4,118,425
Dutchess
$6,653,813
$15,274,830
$14,657,751
$11,246,148
$5,945,563
$9,080,869
Greene
$4,463,499
$10,427,824
$10,153,033
$8,343,041
$4,503,314
$6,166,849
Orange
$10,078,840
$25,830,628
$23,214,455
$15,496,552
$8,680,208
$15,578,754
Putnam
$1,097,894
$2,246,188
$2,209,950
$1,714,512
$825,856
$1,093,065
Rockland
$5,512,584
$12,532,861
$11,601,832
$7,577,097
$4,849,789
$7,924,705
Sullivan
$5,771,762
$15,896,003
$15,576,397
$12,735,011
$5,687,687
$10,781,025
Ulster
$9,958,387
$27,145,269
$26,565,117
$20,702,508
$9,195,907
$16,260,314
Westchester
$5,215,443
$7,541,437
$7,447,597
$6,150,398
$4,089,990
$3,939,795
Hudson Valley
$51,901,286
$124,508,554
$118,942,618
$90,308,042
$47,062,658
$74,943,801
New York City
N/A
$136,159,117
$129,317,264
$94,567,871
N/A
N/A
$533,445,946 $1,262,768,525 $1,214,373,930
$934,642,342
$488,929,377
$837,127,452
New York State
Quarterly Percent Change
Counties
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
2008.Q3
Columbia
-58.64%
1.29%
18.50%
93.12%
-20.25%
2.08%
Dutchess
-56.44%
4.21%
30.34%
89.15%
-34.53%
3.82%
Greene
-57.20%
2.71%
21.69%
85.26%
-26.98%
3.51%
Orange
-60.98%
11.27%
49.80%
78.53%
-44.28%
17.17%
Putnam
-51.12%
1.64%
28.90%
107.60%
-24.45%
6.48%
Rockland
-56.01%
8.02%
53.12%
56.24%
-38.80%
15.64%
Sullivan
-63.69%
2.05%
22.31%
123.90%
-47.24%
2.11%
Ulster
-63.31%
2.18%
28.32%
125.13%
-43.45%
4.21%
Westchester
-30.84%
1.26%
21.09%
50.38%
3.81%
2.59%
Hudson Valley
-58.32%
4.68%
31.71%
91.89%
-37.20%
7.19%
New York City
N/A
5.29%
36.75%
N/A
N/A
N/A
New York State
-57.76%
3.99%
29.93%
91.16%
-41.59%
7.94%
Source: New York State Office and Temporary and Disability Assistance
Compiled By: Bureau of Economic Research, Marist College
38
3/23/2010
Median Selling Price (in Dollars)
2008.Q3-2009.Q4
2009
County
4th Q
3rd Q
2008
2nd Q
1st Q
% Change
4th '09 to
2nd '09
4th Q
3rd '09 to
1st '09
2nd '09 to
4th '08
Columbia
$215,000
$190,950
$227,750
$190,000
$200,000
-5.60%
0.50%
13.88%
Dutchess
$269,900
$280,000
$269,950
$280,000
$285,000
-0.02%
0.00%
-5.28%
Greene
$174,000
$165,000
$165,000
$156,000
$179,000
5.45%
5.77%
-7.82%
Orange
$255,500
$260,000
$270,000
$260,450
$270,000
-5.37%
-0.17%
0.00%
Putnam
$330,000
$330,000
$324,450
$342,450
$350,000
1.71%
-3.64%
-7.30%
Rockland
$415,000
$431,600
$420,000
$407,500
$432,500
-1.19%
5.91%
-2.89%
Sullivan
$125,080
$123,500
$138,000
$119,000
$146,500
-9.36%
3.78%
-5.80%
Ulster
$215,644
$203,750
$209,000
$190,560
$220,000
3.18%
6.92%
-5.00%
Westchester
$560,000
$630,000
$565,000
$534,000
$569,000
-0.88%
17.98%
-0.70%
Hudson Valley*
$284,458
$290,533
$269,950
$260,450
$294,667
5.37%
11.55%
-8.39%
New York State
$210,000
$205,000
$185,500
$199,000
$210,000
13.21%
3.02%
-11.67%
U.S.**
$169,600
$176,000
$182,000
$169,900
$175,700
3.59%
3.59%
* Estimate ** Medians of Last Month of Quarter
Median Selling Prices: Existing Single Family Homes
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
Columbia
Dutchess
Greene
Orange
4th Q
3rd Q
Putnam
2nd Q
Source: NYSAR, (**NAR)
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
1st Q
Rockland
Sullivan
Ulster
Westchester
4th Q
3/28/2010
39
Sales: Existing Single Family Homes
2008.Q4-2009.Q4
2009
County
4th Q
2008
3rd Q
2nd Q
1st Q
% Change
4th '09 to
2nd '09
4th Q
3rd '09 to
1st '09
2nd '09 to
4th '08
Columbia
135
100
75
49
71
80.00%
104.08%
5.63%
Dutchess
701
723
516
374
492
35.85%
93.32%
4.88%
Greene
103
99
69
46
55
49.28%
115.22%
25.45%
Orange
635
619
429
310
434
48.02%
99.68%
-1.15%
Putnam
169
159
131
88
147
29.01%
80.68%
-10.88%
Rockland
371
376
233
189
287
59.23%
98.94%
-18.82%
75
78
65
46
96
15.38%
69.57%
-32.29%
336
298
224
134
242
50.00%
122.39%
-7.44%
Westchester
1022
1190
709
425
753
44.15%
180.00%
-5.84%
Hudson Valley Total
3,547
3,642
2,451
1,661
2,577
44.72%
119.27%
-4.89%
Sullivan
Ulster
New York State
**U.S.
22,626
24,103
18,141
11,672
18,518
24.72%
106.50%
-2.04%
5,233,333
4,646,667
4,756,667
4,583,333
4,740,000
10.02%
1.38%
0.35%
Sales: Existing Single Family Homes
1400
1200
1000
800
600
400
200
0
Columbia
Dutchess
Greene
Orange
4th Q
Putnam
3rd Q
Source: NYSAR, (**NAR)
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
2nd Q
40
Rockland
1st Q
Sullivan
Ulster
Westchester
4th Q
3/23/2010
Monthly Construction Permits
Single Family Homes
2009
Counties
December
November
October
September
August
July
09.Q2
Total
09.Q1
Columbia
0
1
2
2
1
1
1
19
27
Dutchess
8
9
9
15
5
7
28
17
98
Greene
0
0
0
0
0
0
0
0
0
Orange
26
23
41
24
14
28
72
43
271
Putnam
2
4
3
5
6
1
7
7
35
Rockland
3
2
5
21
6
5
21
24
87
Sullivan
9
9
16
9
10
6
30
23
112
Ulster
5
7
12
10
7
7
27
12
87
Westchester
17
18
17
20
11
23
49
35
190
Hudson Valley
70
73
105
106
60
34.2
31.4
37.9
40
42.2
United States (000's)
78
235
46.1
122.3
180
907
80
434
Monthly Construction Permits
Non-single Family Construction (# of buildings)
2009
Counties
December
November
October
September
August
July
09.Q2
Total
09.Q1
Columbia
0
0
0
0
0
0
0
0
0
Dutchess
0
0
0
0
0
0
0
0
0
Greene
0
0
0
0
0
0
0
0
0
Orange
5
3
1
3
2
1
7
4
26
Putnam
0
0
0
0
0
0
0
0
0
Rockland
0
1
0
2
0
1
0
2
6
Sullivan
1
2
1
1
0
0
1
4
10
Ulster
1
6
0
3
0
0
0
2
12
Westchester
1
4
0
0
0
0
4
0
9
Hudson Valley
8
16
2
9
2
2
12
12
63
United States (000's)
13.2
9.4
8.7
11.3
10.2
8.6
31.9
38.3
132
Hudson Valley (All)
78
89
80
247
192
485
107
115
Source: U.S. Census Bureau
Compiled by: Bureau of Economic Research, Marist College
62
3/27/2010
41
Dollar Cost of Construction Single Family Homes
2009
Counties
Columbia
December
November
October
September
August
July
09.Q2
Total
09.Q1
$0
$682,040
$812,040
$1,364,079
$682,040
$46,667
$46,667
$2,340,000
$5,973,533
$2,989,074
$1,567,452
$2,123,525
$3,152,212
$887,167
$1,967,452
$5,084,880
$3,479,235
$21,250,997
Greene
$0
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$4,219,755
$5,565,602
$6,363,278
$4,045,210
$2,164,189
$4,701,098
$10,935,743
$7,991,470
$45,986,345
Putnam
$374,000
$1,426,130
$791,400
$2,525,442
$1,216,400
$191,400
$1,551,364
$2,543,940
$10,620,076
Rockland
$1,400,000
$366,667
$1,578,000
$6,280,000
$1,922,707
$1,506,286
$8,631,155
$5,596,274
$27,281,089
Sullivan
$1,474,393
$1,393,393
$1,913,786
$1,333,688
$1,272,302
$1,117,228
$4,238,681
$2,229,739
$14,973,210
Ulster
$1,408,617
$1,360,000
$2,212,833
$2,340,617
$1,688,317
$1,160,925
$3,778,924
$1,829,184
$15,779,417
Westchester
$6,233,015
$11,701,759
$7,883,053
$9,883,564
$4,018,441
$10,483,170
$26,520,660
$17,010,425
$93,734,087
$18,098,854
$24,063,043
$23,677,915
$30,924,812
$13,851,563
$21,174,226
$60,788,074
$43,020,267
$235,598,754
$6,616.34
$6,108.77
$7,374.30
$7,774.5
$7,984.0
$8,594.6
$22,855.8
$14,785
$82,093.3
Dutchess
Hudson Valley
United States (millions)
Dollar Cost of Construction Non-single Family Construction (# of buildings)
2009
Counties
December
November
October
September
August
July
09.Q2
Total
09.Q1
Columbia
$0
$0
$0
$0
$0
$0
$0
$0
$0
Dutchess
$0
$0
$0
$0
$0
$0
$0
$0
$0
Greene
$0
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$2,118,504
$886,267
$531,059
$1,124,989
$801,179
$531,059
$3,396,302
$1,805,227
$11,194,586
Putnam
$0
$0
$0
$0
$0
$0
$0
$0
$0
Rockland
$0
$553,056
$0
$540,000
$0
$240,000
$0
$1,198,394
$2,531,450
$86,110
$172,220
$86,110
$86,110
$0
$0
$86,110
$244,696
$761,356
Ulster
$100,000
$300,000
$0
$1,494,180
$0
$0
$0
$260,000
$2,154,180
Westchester
$250,000
$20,000,000
$0
$0
$0
$0
$23,578,550
$0
$43,828,550
$2,554,614
$21,911,543
$617,169
$3,245,279
$801,179
$771,059
$27,060,962
$3,508,317
$60,470,122
$1,156.7
$840.4
$773.8
$1,075.7
$837.4
$749.2
$2,725.0
$3,431.0
$11,589.2
Sullivan
Hudson Valley
United States (millions)
Hudson Valley (All)
20,653,468
45,974,586
24,295,084
34,170,091
Source: U.S. Census Bureau
Compiled by: Bureau of Economic Research, Marist College
14,652,742
21,945,285
87,849,036
46,528,594
148,034,438
3/27/2010
42
Monthly Average Cost of Construction per Permit Single Family Homes
2009
Counties
Columbia
December
November
October
September
August
July
09.Q2
Monthly
Average
09.Q1
$0
$682,040
$406,020
$682,040
$682,040
$46,667
$46,667
$123,158
$221,242
$373,634
$174,161
$235,947
$210,147
$177,433
$281,065
$181,603
$204,661
$216,847
Greene
$0
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$162,298
$241,983
$155,202
$168,550
$154,585
$167,896
$151,885
$185,848
$169,691
Putnam
$187,000
$356,533
$263,800
$505,088
$202,733
$191,400
$221,623
$363,420
$303,431
Rockland
$466,667
$183,334
$315,600
$299,048
$320,451
$301,257
$411,007
$233,178
$313,576
Sullivan
$163,821
$154,821
$119,612
$148,188
$127,230
$186,205
$141,289
$96,945
$133,689
Ulster
$281,723
$194,286
$184,403
$234,062
$241,188
$165,846
$139,960
$152,432
$181,373
Westchester
$366,648
$650,098
$463,709
$494,178
$365,313
$455,790
$541,238
$486,012
$493,337
Hudson Valley
$258,555
$329,631
$225,504
$291,744
$230,859
$271,464
$258,673
$239,001
$258,348
United States
$193,460
$194,547
$194,573
$194,363
$189,194
$186,434
$186,883
$184,813
$188,337
Dutchess
Monthly Average Cost of Construction per Permit Non-single Family Construction (# of buildings)
2009
Counties
December
November
October
September
August
July
09.Q2
Monthly
Average
09.Q1
Columbia
$0
$0
$0
$0
$0
$0
$0
$0
$0
Dutchess
$0
$0
$0
$0
$0
$0
$0
$0
$0
Greene
$0
$0
$0
$0
$0
$0
$0
$0
$0
Orange
$423,701
$295,422
$531,059
$374,996
$400,590
$531,059
$485,186
$451,307
$430,561
Putnam
$0
$0
$0
$0
$0
$0
$0
$0
$0
Rockland
$0
$553,056
$0
$270,000
$0
$240,000
$0
$599,197
$421,908
$86,110
$86,110
$86,110
$86,110
$0
$0
$86,110
$61,174
$76,136
Ulster
$100,000
$50,000
$0
$498,060
$0
$0
$0
$130,000
$179,515
Westchester
$250,000
$5,000,000
$0
$0
$0
$0
$5,894,638
$0
$4,869,839
Hudson Valley
$319,327
$1,369,471
$308,585
$360,587
$400,590
$385,530
$2,255,080
$292,360
$738,829
United States
$87,629
$89,404
$88,943
$95,195
$82,098
$87,116
$85,423
$89,582
$87,883
$577,882
$1,699,102
$534,088
Sullivan
Hudson Valley (All)
652,330
Source: U.S. Census Bureau
Compiled by: Bureau of Economic Research, Marist College
631,449
656,994
2,513,753
3,669,005
$498,589
3/27/2010
43
The Rate of Inflation
Year-to-Year Percent Change in CPI-U
2003 to Dec 2009
Consumer Price Index (CPI-U) NY, NY -Northeastern NJ
2009
2008
2007
2006
2004
2005
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2003
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%
3.29%
3.32%
3.14%
2.55%
2.82%
2.82%
2.97%
3.11%
3.26%
3.25%
3.10%
3.21%
0.46%
3.90%
2.81%
3.78%
3.88%
3.53%
3.07%
Consumer Price Index (CPI-U) US City Average
2009
2008
2007
2006
2005
2004
2003
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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%
2.60%
2.98%
3.02%
2.22%
2.06%
2.11%
2.11%
2.16%
2.32%
2.04%
1.77%
1.88%
Average
-0.33%
3.85%
2.85%
3.88%
3.39%
2.68%
2.27%
Source: U.S. Bureau of Labor Statistics
Compiled by the Marist College Bureau of Economic Research,
Marist College
44
3/27/2010
Total Sales Tax Collection
2008.Q3 - 2009.Q4
County
2009.Q4
2009.Q3
2009.Q2
2009.Q1
2008.Q4
Columbia
$6,907,394
$7,687,494
$7,989,991
$7,008,124
$6,879,993
Dutchess
$35,823,532
$35,797,119
$33,956,512
$34,133,431
$37,116,801
Greene
$5,856,613
$6,544,794
$6,241,669
$6,378,693
$6,199,443
Orange
$53,678,120
$54,232,791
$53,551,603
$52,442,111
$53,364,174
Putnam
$11,704,923
$12,086,192
$11,371,196
$10,740,232
$11,981,110
Rockland
$40,009,770
$41,670,303
$41,378,574
$41,073,424
$40,678,402
Sullivan
$7,288,227
$9,629,777
$8,918,534
$7,587,668
$8,226,786
$22,502,569
$24,427,327
$22,174,842
$22,305,160
$23,594,487
$104,366,233
$104,774,825
$101,254,065
$104,718,131
$108,470,561
288,137,381
$296,850,622
$286,836,987 $286,386,974
Ulster
Westchester
Hudson Valley
$
$296,511,758
Quarterly Percentage Change
County
2009.Q4-2009.Q3
2009.Q3-2009.Q2
2009.Q2-2009.Q1
2009.Q1-2008.Q4
2008.Q4-2008.Q3
Columbia
-10.15%
-3.79%
14.01%
1.86%
-22.18%
Dutchess
0.07%
5.42%
-0.52%
-8.04%
-10.74%
Greene
-10.51%
4.86%
-2.15%
2.89%
-21.18%
Orange
-1.02%
1.27%
2.12%
-1.73%
-10.73%
Putnam
-3.15%
6.29%
5.87%
-10.36%
-12.57%
Rockland
-3.98%
0.71%
0.74%
0.97%
-8.53%
Sullivan
-24.32%
7.97%
17.54%
-7.77%
-26.88%
Ulster
-7.88%
10.16%
-0.58%
-5.46%
-12.64%
Westchester
-0.39%
3.48%
-3.31%
-3.46%
-8.83%
Hudson Valley
-2.94%
3.49%
0.16%
-3.41%
-11.09%
45
3/28/2010
Percentage Change in Sales Tax Collection between 4th and 3rd
Qt. 2009
Columbia
-10.15%
0.07%
Dutchess
Greene
-10.51%
Orange
-1.02%
Putnam
-3.15%
Rockland
-3.98%
Sullivan
-24.32%
Ulster
-7.88%
Westchester
-0.39%
Hudson Valley
-2.94%
-28.0%
-23.0%
-18.0%
-13.0%
-8.0%
-3.0%
2.0%
Percentage Change in Sales Tax Collection Year-Over-Year
0.40% Columbia
Dutchess
-3.48%
Greene
-5.53%
0.59% Orange
Putnam
-2.31%
Rockland
-1.64%
Sullivan
-11.41%
Ulster
-4.63%
Westchester
-3.78%
Hudson Valley
-2.82%
-14.0% -12.0% -10.0% -8.0%
-6.0%
-4.0%
46
-2.0%
0.0%
2.0%