Marist
Economic Report of
the Hudson Valley
Annual 2007
June 2008
Bureau of Economic Research
Dr. Christy Huebner Caridi, Director
Dr. Elmore R. Alexander, Dean
MARIST COLLEGE
School of Management
Poughkeepsie, NY
12601-1387
www.marist.edu/management/bureau
ECONOMIC REPORT
of the
HUDSON VALLEY
ANNUAL 2007
MARIST COLLEGE
Dr. Christy Huebner Caridi
Bureau of Economic Research
School of Management
Poughkeepsie, New York 12601
Edited by Dana Gavin, M.A.
June 2008
This report is available on the Bureau of Economic Research homepage at
http://www.marist.edu/management/bureau
The support of research assistant Amanda Pfister and student intern David Betz 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.
TEXT
DATA
Introduction
1-2
—
Employment by Place of Residence
3-4
30-33
Non-Farm Employment by Place of Work
4-5
34-35
Select Average Weekly Wages by Place of Work
—
36-37
Total U.S. Non-Farm Employment
—
38
U.S. Manufacturing: Hours, Hourly
and Weekly Wages
—
39-42
Employment and Wage Trends
5-11
43-97
Total Personal Income
12-16
43-97
Per-Capita Income
17
43-97
Monthly Income Maintenance Benefits
17-18
99-105
Regional Inflation
18-19
106-107
Migration
19-20
108-118
Home Sales, Prices, and Permits
21-23
119-125
Average Housing Values and Income
23-25
—
Sub-Prime and Alt-A Loans
25-28
—
Components of Population Change
—
126
Sales Tax Collection
28
127
Bankruptcies
28
128-129
Economic Report of the Hudson Valley
The Economic Report of the Hudson Valley is an annual report published by the
Bureau of Economic Research at Marist College. Its primary goal is to examine and
codify existing and emerging trends across the region. As a general rule, trends are a
valuable indictor of future economy activity. However, on a day-to-day basis, economic
activity can diverge from trend. That said, the slowdown in the national economy is
beginning to impact the regional and state economies in an important way.
Unemployment is rising, manufacturing activity is contracting, and the growth in
personal income (New York State) is beginning to show signs of weakness. Adding to
these problems is the continuing contraction in the housing market and the rising cost
of necessities. Taken together, these factors will amplify an already weaken household
sector.
In the year 2007, employment gains in the service sector compensated for the
on-going contraction in manufacturing employment. At year-end, 69% of all private
sector jobs were in the service sector and 6.5 % were in the manufacturing sector. Since
2003, manufacturing has shed 5,100 jobs: the private service sector has created 28,400
jobs. The continuing structural shift away from manufacturing employment toward
employment in the service sector has impacted the regional labor market and economy
in an important way. Across the Hudson Valley and on average, wages in the service
sector are 62% of the average wages in the manufacturing. Moreover, because of
continued slack in the regional labor force, a skill mismatch, and the relative scarcity of
high-paying jobs, there has been very little upward pressure on the real wages, salaries
and benefits paid to the typical service sector employee. In contrast, there has been
significant upward pressure on the cost of living.
Additionally, because the regional labor force is growing faster than the number
of employment opportunities within the region, an increasing number of residents are
employed outside of the Hudson Valley. As a direct consequence, the northernmost
counties—Columbia and Greene—are becoming more dependent on the Capital
Region, and the lower Hudson Valley has become more closely aligned with New York
City. In the year 2006, the net inflow of wages, salaries and benefits into the region, at
$23 billion, was 27.83% of total earned income. Moreover, this inflow accounted for
33% of the growth in wages, salaries and benefits between 2005 and 2006. Historically
(and on average), wages, salaries and benefits track employment opportunities and the
cost of living within defined regions across the county. As the lower Hudson Valley
becomes more integrated with and dependent on NYC for gainful employment, the
area’s cost of living will more closely track the cost of living in NYC.
An early manifestation of this emerging trend is the relationship of income to
housing costs. Across the region, the cost of buying a home continues to rise faster than
income. At year-end, the average selling price of an existing home at $601,083 was
126.0% above the national average and 73.4% above the average in New York State. In
contrast, average wages ranged from a high of $58,000 in Westchester to a low of
$28,000 in Greene (income numbers are from 2006). The consequence of this mismatch
1
between income and housing costs is increased outward migration—28,653 households
have left the Hudson Valley since 2000—inter-regional migration away from the
southernmost counties and a growing pool of residents who cannot afford to purchase a
home within the region. Further, while long-term homeowners have experienced a
substantial increase in housing wealth, the increase in assessed valuations, insurance,
and maintenance costs is demanding an ever-increasing share of disposable income.
Add to this the increase in fuel, utilities, food costs and the real possibility of future
price increases, and the net result is a smaller pool of discretionary income available for
the purchase of “other” goods and services and saving.
While the Hudson Valley has not suffered a direct hit from the national housing
crisis—activity on the high-end is holding up average housing values—this does not
imply that the region is immune. There are four main avenues of concern: the ongoing
credit crisis, financial fragility in the household sector, pockets of foreclosure activity
and a significant reduction in housing wealth. The credit crisis has resulted in a marked
decline in the level of funds available to finance residential real estate. As a result, it
has become challenging for existing homeowners to refinance and /or secure home
equity loans; draw from existing home equity lines—banks have been calling in the
unused portion—and for potential homeowners to secure initial finance. This in turn
has contributed to the reduction in sales activity. On average, falling sales activity
predates falling home prices. That said, the housing crisis can not pass until such time
as the credit markets resume normal trading activity and the banks resume lending.
Another important concern is financial fragility in the household sector. An increasing
number of households in the region have reported (2006) that their mortgage costs are
in excess of 30% of their yearly income. This number is bound to increase as adjustable
rate mortgages (ARMs) originated after late 2005 are reset to higher interest rates.
According to Realty Trac, foreclosure filing in New York State increased from 9,463
fillings in the first quarter of 2007 to14,002 fillings in the first quarter of 2008. Across
the region, the largest quarter-to-quarter increases in lis pendens fillings—notice of
foreclosure— occurred in Westchester, Rockland and Putnam at 629, 241 and 110,
respectively. Lastly, during the housing boom, rising home equity was used as
collateral to secure credit and that credit financed an unprecedented increase in
consumer spending. As housing prices decline—nationwide housing wealth fell $525
billion between the fourth quarter of 2007 and the first quarter of 2008—and collateral
shrinks, the banking system has severely limited the availability of new secured and
unsecured credit. In April of this year, 55% of the banks polled by the Federal Reserve
indicated that they have tightened lending standards. This has all but eliminated an
important source of consumer spending and a primary source of wealth creation and
debt repayment. The consequence to the national and region economies is a slow-down
in the growth of real consumption and increased saving and debt repayment out of
current income. This behavioral shift—contractionary in nature—will amplify an
already weakened economy. Early indicators in the second district—which includes the
Hudson Valley—point to slower retail sales and an increase in commercial and
consumer loan delinquencies. Moreover, consumer confidence in the NY, NJ, and
CT—as reported by the Conference Board—has been trending downward and reached a
fifteen year low in May of this year.
2
Employment by Place of Residence (2007)
► Labor Force contracted by 1.1%
►The Number of Jobs fell across the Region
► The Regional Unemployment Rate declined 1.8% relative to 2006
A widespread reduction in labor force participation by Hudson Valley residents resulted
in a contraction of the regional labor force from 1,217,647 persons in 2006 to 1,203,650
persons in 2007. This 13,997 person (1.1%) decline in labor force participation is the
first significant decrease in the labor force since the 1.03% contraction in 1994.
Coincident with the drop in the number of persons willing and able to work was a
12,587 (1.1%) reduction in the number of jobs.
Chart One
Pencentage change in Labor Force and Employment betw een
2006 and 2007
Colum bia
Dutche s s
Gr e e ne
Or ange
Putnam
Rock land
Sullivan
Uls te r
We s tche s te r
Huds on V alle y
Ne w Yor k State
U.S.
-3.00% -2.50% -2.00% -1.50% -1.00% -0.50%
Percentage Change in Labor Force
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
Percentage Change in Em ploym ent
Because labor force participation fell by more than the cutback in available jobs (Chart
One), the average annual unemployment rate for the Hudson Valley region fell 1.8%,
from 3.89% in 2006 to 3.82% in 2007.
Statewide, the increase in available jobs lagged behind the change in the labor force,
resulting in an increase in the unemployment rate from 4.48% in 2006 to 4.54% in
2007. The average unemployment rate in the U.S. was virtually unchanged at 4.63%.
Across the region, Putnam and Rockland had the lowest average unemployment rates,
at 3.25% and 3.60%, respectively. The highest average unemployment rates were in
3
Sullivan at 5.00% and Greene at 4.70%. Columbia County experienced the largest
increase in unemployment, from 3.74% in 2006 to 4.27% in 2007.
Chart Two
Average Annual Unemployment Rate
2007
2006
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
.
.S
U
YS
N
y
Va
te
H
tc
h
ud
so
n
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U
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W
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r
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ll i
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Su
an
am
tn
ge
Pu
ra
n
O
re
e
s
G
a
ut
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es
D
um
bi
ol
C
ne
2.00%
Non-farm Employment by Place of Work 1
►Goods producing industries added 1,100 new jobs
►Service providing industries added 7,000 new jobs
►Employment in the government sector expanded 2,700
For the year 2007, total non-farm employment in the Hudson Valley rose 1.17% (from
951,100 in 2006 to 962,200 in 2007). Private employment expanded .87%.
Employment in the government sector rose .30% and accounted for 26% of the increase
in total non-farm employment for the year.
Across the region, the largest increase in the number of persons employed occurred in
the Putnam-Rockland-Westchester Metropolitan Statistical Area (MSA) at 11,300.
Greene County experienced the greatest percentage increase at 2.72%: 50% of this
increase occurred in the service-providing industries of trade, transportation and
utilities. Over the same time frame, employment in the Kingston and the PoughkeepsieNewburg-Middletown MSAs declined. Statewide, 125,500 new jobs were created,
resulting in a 1.46% increase in employment compared to 2006.
The structural change away from employment in the manufacturing sector toward the
service sector continued throughout 2007. Across the region, employment in the private
service-providing industries advanced 1.07% (7,000 jobs) while employment in the
1
Preliminary statistics
4
manufacturing sector fell 1.77% (1,100 jobs). Over the same time period,
manufacturing employment in New York State declined 2.5% (14,400 jobs).
Nationwide employment in the manufacturing sector fell 1.98% (1,000,000 jobs).
During the five-year period ending in 2007, employment in the private serviceproviding industries advanced 3.7% (28,400 jobs). Employment in the manufacturing
sector declined 7.6% (5,100 jobs). Currently, manufacturing employment accounts for
6.44% of all employment by place of work, compared to 7.22% in 2003. Statewide,
employment in the manufacturing has declined 9.8% (59,900 jobs) since 2003;
nationwide, total manufacturing employment has declined 4.31% (5,700,000 jobs).
On a job replacement basis, over the five-year period ending in 2006, the private
service-providing industries created 3.88 jobs for each manufacturing job that left the
region. In the year 2006, the private job replacement ratio was 3 to 1. In other words,
the region added 3 jobs in the private service industries for each job lost in the
manufacturing industry. However, while the increase in employment in the service
industries more than compensated for the reduction of employment in manufacturing,
the jobs are not equivalent. Average wages in the service sector in 2006 were 62% of
the average wages in the manufacturing sector. Accordingly, on an average wage basis,
one manufacturing job is equivalent to 1.62 jobs in the service providing industries. For
the region in the year 2006, the increase in average annual wages paid by the service
providing industries (at $103.3 million) more than compensated for the $55.7 million
reduction in the wage bill in the manufacturing sector. However, the aforementioned
aggregate data neither addresses nor exposes the impact on the individual and/or family
unit. Accordingly, while there has been no direct monetary impact on the regional
economy from the movement away from manufacturing toward services, the same
cannot be said for individual households across the region.
County Employment and Wage Trends by Industry:
Years 2002-2006 2
In the year 2006, the highest paid private sector jobs by industry were in management
of companies and enterprises, finance and insurance, and professional and technical
services. Of the 91,457 jobs within these industries, the vast majority (60.17%) were
located in Westchester, followed by Orange, Rockland, and Dutchess at 10.39%,
10.24%, and 8.41%, respectively. However, Westchester was the only county in the
region with a concentration in these industries above the national average, at 1.64 for
management of companies and enterprises, 1.16 for finance and insurance, and 1.04 for
professional and technical services. The national average is 1. The average wages in
these industries were the highest in Westchester County and the lowest in the northern
counties of Columbia and Greene (Chart Three). Over the five-year period ending in
2006, employment in management of companies and enterprises grew the fastest in
2
Final CES statistics
5
Ulster at 22.63%; followed by Dutchess at 22.11% and Westchester at 5.35%. The fiveyear employment growth in finance and insurance ranged from a positive 5.05% in
Westchester to a negative 5.4% in Columbia. Employment growth in professional and
technical services ranged from a positive 5.71% in Columbia to a negative 7.35% in
Greene (Chart Four).
The second highest paying private sector jobs by industry were in manufacturing,
warehousing, mining, and utilities3 . In 2006 there were 62,478 jobs in the
manufacturing sector: 73.95% of these jobs were located in Westchester, Dutchess,
Rockland, and Orange at 29.47%, 23.74%, 18.19%, and 12.55% of total manufacturing
employment, respectively. Across the region, Dutchess is the only county with a
concentration in manufacturing employment above the national average at 1.24 versus
1 for the U.S. Average wages in the manufacturing sector were the highest in
Westchester at $93.561, followed by Dutchess at $84,945. The lowest paying
manufacturing jobs were located in Columbia at $40,466 and Sullivan at $29,006
(Chart Three). Over the five-year period ending 2006, employment in manufacturing
grew in Sullivan, Putnam, and Greene at 5.73%, 3.45%, and 1.82%, respectively. Over
the same period, manufacturing employment contracted in Columbia at -2.26%,
Dutchess at -2.95%, Orange at -3.74%, Rockland at .-37%, Ulster at -6.65% and
Westchester at -2.96%. In 2006 there were 34,495 jobs in the warehousing trade
industry: 82.86% of these jobs were located in the southern counties of Westchester,
Orange, and Rockland at 47.91%, 20.94%, and 14.01% of total warehousing
employment, respectively. Average wages in this industry ranged from a high of
$80,512 in Westchester is a low of $35,316 in Columbia. Over the five-year period
ending 2006, warehousing employment grew the fastest in Putnam and Greene at
5.34% and 4.90%. Warehousing employment fell in Columbia, Ulster and Westchester.
The lowest paying private sector jobs by industry were in accommodation and food
services, arts, entertainment and recreation, and retail trade. In the year 2006, these
three industry groups employed one out of every four workers in the private sector
(25.46%). The counties with the highest concentrations were Greene, Ulster, and
Sullivan at 42.49%, 33.54% and 32.98% of total private sector employment,
respectively.
♦
3
Because of incomplete regional data, mining and utilities cannot be properly examined. For county level data
(where available) see the data appendix.
6
Chart Three
Average Wages 2006
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Columbia
Dutchess
Finance and Insurance
Greene
Orange
Putnam
Professional and Technical
Rockland
Sullivan
Ulster
Westchester
Management of Companies and Enterprises
Average Wages 2006
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Columbia
Dutchess
Greene
Mining
Orange
Utilities
Putnam
Rockland
Manufacturing
Sullivan
Ulster
Westchester
Ulster
Westchester
W holesale Trade
Average Wages 2006
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
Columbia
Dutchess
Retail Trade
Greene
Orange
Putnam
Arts, Entertainment, and Recreation
Data Source: New York State Department of Labor
7
Rockland
Sullivan
Accommodation and Food Services
Chart Four
Fastest Growing Jobs by County:
Five Year Growth (2002-2006)
COLUMBIA
Agriculture, Forestry, Fishing & Hunting
Accommodation and Food Services
Professional and Technical Services
Educational Services
4.39%
5.21%
5.71%
5.87%
DUTCHESS
Transport.& Warehousing
Arts, Entertainment, and Recreation
Mining
Management of Comp.& Enterp.
5.01%
6.25%
22.11%
8.87%
GREENE
Wholesale Trade
Real Estate and Rental and Leasing
Construction
Educational Services
4.90%
5.86%
7.91%
8.85%
ORANGE
Professional and Technical Services
Real Estate and Rental and Leasing
Administrative and Waste Services
Unclassified
3.92%
5.32%
5.58%
10.10%
PUTNAM
Wholesale Trade
Educational Services
Unclassified
Administrative and Waste Services
5.34%
5.65%
10.57%
13.03%
ROCKLAND
State Government
Management of Comp.& Enterp.
Agriculture, Forestry, Fishing & Hunting
Unclassified
3.31%
4.88%
8.40%
13.43%
SULLIVAN
Admin. & Waste
Construction
Mining
Arts, Entertainment, and Recreation
7.23%
9.79%
10.53%
23.30%
ULSTER
Unclassified
Agriculture, Forestry, Fishing & Hunting
Admin. & Waste
Management of Comp.& Enterp.
8.85%
9.08%
10.53%
22.63%
WESTCHESTER
Unclassified
Transport.& Warehousing
Finance and Insurance
Management of Comp.& Enterp.
4.47%
4.70%
5.05%
5.35%
3%
5%
8%
Data: New York State Department of Labor
8
10%
13%
15%
18%
20%
23%
25%
Chart Five
Average Compensation in the Fastest Growing Jobs by County:
Year 2006
COLUMBIA
Agriculture, Forestry, Fishing & Hunting
Accommodation and Food Services
Professional and Technical Services
Educational Services
$28,746
$11,304
$41,625
$21,143
DUTCHESS
Transport.& Warehousing
Arts, Entertainment, and Recreation
Mining
Management of Comp.& Enterp.
$34,382
$18,940
$56,292
$53,784
GREENE
Wholesale Trade
Real Estate and Rental and Leasing
Construction
Educational Services
$37,862
$28,313
$37,686
$23,100
ORANGE
Professional and Technical Services
Real Estate and Rental and Leasing
Administrative and Waste Services
Unclassified
$46,226
$31,452
$26,333
$24,194
PUTNAM
Wholesale Trade
Educational Services
Unclassified
Administrative and Waste Services
$53,909
$38,648
$29,549
$31,778
ROCKLAND
State Government
Management of Comp.& Enterp.
Agriculture, Forestry, Fishing & Hunting
Unclassified
$29,664
$64,420
$18,464
$19,267
SULLIVAN
Admin. & Waste
Construction
Mining
Arts, Entertainment, and Recreation
$24,779
$36,366
$49,348
$21,010
ULSTER
Unclassified
Agriculture, Forestry, Fishing & Hunting
Admin. & Waste
Management of Comp.& Enterp.
$24,857
$21,227
$33,945
$46,358
WESTCHESTER
Unclassified
Transport.& Warehousing
Finance and Insurance
Management of Comp.& Enterp.
$41,600
$45,378
$111,653
$0
$50,000
Data: New York State Department of Labor
9
$100,000
$150,000
$209,301
$200,000
$250,000
Chart Six
Five Year Growth in the Highest Paid Jobs by County
(Numbers in Red are Negatives)
COLUMBIA
Federal Government
Professional and Technical
Mining
State Government
2.36%
5.71%
3.50%
2.62%
DUTCHESS
Management of Comp.& Enterp.
Mining
Wholesale Trade
Manufacturing
22.11%
8.87%
3.08%
2.95%
GREENE
Federal Government
Manufacturing
Management of Comp.& Enterp.
State Government
3.37%
1.82%
0.00%
0.11%
ORANGE
State Government
Mining
Utilities
Management of Comp.& Enterp.
3.29%
7.04%
0.71%
2.28%
PUTNAM
Information
Finance and Insurance
State Government
Management of Comp.& Enterp.
1.98%
2.52%
1.49%
0.00%
ROCKLAND
Information
Manufacturing
Utilities
Management of Comp.& Enterp.
4.61%
0.37%
1.12%
4.88%
SULLIVAN
Federal Government
Mining
Finance and Insurance
State Government
2.23%
0.62%
10.53%
3.19%
ULSTER
Finance and Insurance
State Government
Federal Government
Management of Comp.& Enterp.
2.40%
2.07%
1.51%
22.63%
WESTCHESTER
Manufacturing
Utilities
Finance and Insurance
Management of Comp.& Enterp.
2.96%
2.49%
5.05%
5.35%
0%
5%
10%
Data: New York State Department of Labor
10
15%
20%
25%
Chart Seven
Average Compensation paid in the Highest paid Jobs by
County:Year 2006
COLUMBIA
Federal Government
Professional and Technical
Mining
State Government
$43,749
$45,382
$55,462
$58,239
DUTCHESS
Management of Comp.& Enterp.
Mining
Wholesale Trade
Manufacturing
$53,783
$56,292
$56,795
$84,945
GREENE
Federal Government
Manufacturing
Management of Comp.& Enterp.
State Government
$44,733
$47,348
$51,794
$61,372
ORANGE
State Government
Mining
Utilities
Management of Comp.& Enterp.
$59,578
$65,468
$79,546
$84,516
PUTNAM
Information
Finance and Insurance
State Government
Management of Comp.& Enterp.
$55,561
$57,266
$61,345
$74,567
ROCKLAND
Information
Manufacturing
Utilities
Management of Comp.& Enterp.
$67,881
$69,755
$81,658
$99,564
SULLIVAN
Federal Government
Mining
Finance and Insurance
State Government
$44,220
$49,349
$56,228
$56,707
ULSTER
Finance and Insurance
State Government
Federal Government
Management of Comp.& Enterp.
$47,696
$49,532
$50,096
$51,008
WESTCHESTER
Manufacturing
Utilities
Finance and Insurance
Management of Comp.& Enterp.
$93,561
$99,595
$111,651
$0
$50,000
$100,000
Data: New York State Department of Labor
11
$209,299
$150,000
$200,000
$250,000
Total Personal Income (2006)
►Net Earnings by Residence increased $4.60 billion
►Interest, Dividends and Rents increased $3.00 billion
►Transfer Payments advanced $1.00 Billion
According to the Bureau of Economic Analysis, total personal income (TPI) 4 for
residents of the Hudson Valley advanced 7.55%, from $114 billion in 2005 5 to $122.7
billion in 2006. The $8.7 billion increase is explained by a $4.60 billion advance in net
earnings by residence, a $3.00 billion increase in income on real and financial assets—
interest, dividends and rents— and a $1.00 billion increase in transfer payments.
Table One
Total Personal Income: Year 2006
(In Thousands of dollars)
Source: BEA
Earnings by
Residence
Earnings from
Real and
Financial Assets
Transfer
Payments
Total Personal
Income
Columbia
$1,306,920
$445,846
$418,276
$2,171,042
Dutchess
$8,100,568
$1,898,642
$1,631,232
$11,630,442
Greene
$929,761
$209,956
$320,483
$1,460,200
Orange
$8,857,423
$1,662,065
$1,946,196
$12,465,684
Putnam
$3,565,564
$680,133
$486,766
$4,732,463
$10,754,921
$2,423,851
$1,897,958
$15,076,730
Sullivan
$1,416,305
$345,712
$589,711
$2,351,728
Ulster
$3,816,567
$1,032,769
$1,116,424
$5,965,760
Westchester
$44,097,013
$16,480,202
$6,280,709
$66,857,924
Hudson Valley
$82,845,042
$25,179,176
$14,687,755
$122,711,973
NYS
$559,901,772
$148,804,631
$140,230,364
$848,936,717
U.S.
$7,505,336,000
$1,850,122,000
$1,612,935,000
$10,968,393,000
Rockland
Total personal income in the U.S. and New York State advanced 6.65% and 7.45%,
respectively. Within the Hudson Valley, Ulster experienced the largest year-to-year
increase at 8.19% followed by Westchester and Rockland at 8.09% and 8.06%,
respectively. Sullivan County recorded the smallest increase at 4.25%.
4
Total personal income is the sum of earnings by place of residence, income on real and financial assets and transfer
payments. It is the most inclusive definition of regional income.
5
In April of 2008, The Bureau of Economic Analysis released revised 2005 income numbers.
12
Net Earnings by Residence (2006)
The net earnings of residents 1 of the Hudson Valley increased 5.95%, from $78.2 billion
in 2005 to $82.8 billion in 2006. Residents of Westchester, Sullivan and Greene
experienced the largest increase in net earnings, followed by Rockland and Orange.
Ulster County recorded the smallest increase at 2.14% (Chart Eight).
Chart Eight
Percentage Change in Nominal Net Earnings by Place of Residence: 20052006
Source : BEA
4.01%
Dutche s s
6.36%
Gre e ne
4.97%
Orange
4.62%
Putnam
5.44%
Rock land
7.25%
Sullivan
Uls te r
2.14%
7.31%
We s tche s te r
5.95%
Huds on V alle y
6.50%
NYS
5.66%
.U.S
Adjustment for Residence 2 (2006)
► Net Inflow of Wages, Salaries, and Benefits increased 7.11%
In the year 2006, the number of Hudson Valley residents who worked outside of their
resident county increased by 8,900 persons, from 287,000 in 2005 to 296,000 in 2006.
Over the same time period, the net inflow of wages, salaries, and benefits (residence
adjustment) into the region increased 7.11%, from $21.50 billion in 2005 to $23.00
billion in 2006. Across the region, the percentage of residents willing and able to
work—in the labor force—who were employed outside of their county of residence
ranged from a high of 55.42% in Putnam to a low of 15.93% in Westchester (Chart
Nine).
1
Net earnings by residence consist of earnings by place of work, less contributions to government social insurance,
plus adjustment for residence.
2
The adjustment for residence captures the wage, salary and benefits earned by Hudson Valley residents who reside in
one county and work in another.
13
Chart Nine
P ercent of County Labor Force that is Employed in another County
(year 2006)
55.42%
40.45%
33.57%
33.26%
28.64%
26.36%
28.74%
21.55%
15.93%
Columbia Dutchess
Greene
Orange
Putnam
Rockland Sullivan
Ulster W estchester
In the year 2006, the average resident adjustment per worker was the highest in
Westchester at $142,357 and the lowest in Sullivan, at $32,383 (Chart Ten).
Chart Ten
Average Wages, Salaries, and Benefits of County Residents Who
Work Outside their Resident County (year 2006)
$142,357
$69,271
$80,344
$57,654
$47,596
$36,640
Columbia
$33,202
Dutchess
Greene
Orange
Putnam
Rockland
$32,383
$35,785
Sullivan
Ulster
W estchester
The largest year-to-year increase in the residence adjustment occurred in Dutchess,
Sullivan, and Westchester at 16.04%, 9.45% and 8.52%, respectively. Rockland and
Ulster experienced the smallest increases at 1.68% and 2.47%, respectively.
Over the five-year period ending 2006, the counties that experienced the greatest
growth in the adjustment for residence were Dutchess, Sullivan, and Rockland, at
8.51%, 5.76%, and 5.21%, respectively. The adjustment for residence grew 4.91% in
14
Columbia, 4.90% in Ulster, 4.65% in Westchester, 4.47% in Putnam, 3.66 % in Orange
and 2.37% in Greene.
Earnings from Real and Financial Assets (2006)
►Interest, Dividends, and Rent advanced 13.4%
For the region, earnings from real and financial assets increased 13.40%, compared to a
16.28% advance for the U.S. and a 12.08% increase in New York State. Income from
real and financial assets increased the fastest in Westchester at 14.62%, followed by
Ulster and Columbia a 12.57% and 12.07%, respectively.
Transfer Payments (2006)
►Transfer payments expanded 7.31% compared to a 6.58% advance statewide
and a 6.04% increase nationwide.
Transfer payments include but are not limited to retirement and disability benefits, OldAge, Survivors and Disability Insurance Benefits, medical benefits, income
maintenance benefits, state unemployment insurance compensation, veteran’s benefits,
federal training and educational assistance. In the year 2006, per-capita transfer
payments in the Hudson Valley region were $6,174. This is 114.4% of the National
average and 85% of the state average. Across the region, Sullivan County had the
Chart Eleven
Per-Capita Transfer Payments:Year 2006
Source BEA
$6,683
Colum bia
$5,583
Dutche s s
$6,502
Gre e ne
$5,202
Orange
$4,903
Putnam
$6,414
Rock land
$7,785
Sullivan
$6,140
Uls te r
$6,625
We s tche s te r
$6,174
Huds on V alle y
$7,273
NYS
$5,399
U.S.
$3,000
$3,500
$4,000
$4,500
$5,000
15
$5,500
$6,000
$6,500
$7,000
$7,500
$8,000
highest per-capita transfer payments at $7,785. Putnam County had the lowest at
$4,903.
Contribution to Total Personal Income by Source
(2006)
The three primary sources of total personal income (TPI) are wages, salaries and
benefits (earned income); interest, dividends, and rent (unearned income); and transfer
payments. Nationwide, in the year 2006, 68.43% of total personal income was derived
from earned income, 16.87% from unearned income and 14.71% from transfer
payments. In New York Sate, the earned income component of TPI was lower at
65.95% of TPI, while unearned income and transfer payments were both higher at
17.53% and 16.52% of TPI, respectively. Across the Hudson Valley, and on average,
Chart Twelve
Contribution to TPI by Source: Year 2006
Source: BEA
100%
95%
90%
85%
80%
75%
70%
65%
60%
55%
50%
Dutche s s
Gre e ne
Orange
Putnam
W ages, Salaries, and Benefits
Rock land
Sullivan
Uls te r We s tche s te r
Interest, Dividends, and Rent
NYS
U.S.
Transfer Payments
67.51% of TPI was earned income, 20.52% was unearned income, and transfer
payments were 11.97% of TPI. Within the region, earned income as a percent of TPI
was the highest in Putnam and Rockland, at 75.34% and 71.33% of TPI. Earned income
as a percent of TPI was the lowest in Columbia and Sullivan at 60.20% and 60.22% of
TPI. Unearned income as a percent of TPI was the highest in Westchester at 24.65% of
TPI, followed by Columbia at 20.54% of TPI. Unearned income was the lowest in
Orange and Putnam at 13.33% and 14.37% of TPI. Transfer payments were the highest
in Sullivan at 25.08% of TPI and lowest in Westchester at 9.39% of TPI.
16
Per Capita Total Personal Income (2006)
►Per Capita Income in the Hudson Valley: $51,580
In the year 2006, the per capita income in Westchester, Rockland, and Putnam counties
at $70,519, $50,947 and $47,665, respectively were above both the U.S. and state per
capita incomes of $36,714 and $44,027, respectively. The per capita income of
Dutchess County, at $39,803, was 8.41% above the National level, but fell 9.59%
below the state average. The per capita incomes across the remaining Hudson Valley
counties were below both the national and state average. Across the region, with the
exception of Putnam County, the year-to-year change in TPI exceeded the year-to-year
change in per capita income: this relationship occurs when the change in population
exceeds the change in TPI.
Chart Thirteen
2006 Per Capita Nominal Income as a percentage of U.S. and NYS Per
Capita Income:
Data Source BEA
Colum bia
Dutche s s
Gre e ne
Orange
Putnam
Rock land
Sullivan
Uls te r
We s tche s te r
Huds on Valle y
NYS
U.S.
55%
70%
85%
100%
115%
U.S.
130%
145%
160%
175%
190%
205%
NYS
Monthly Income Maintenance Benefits (2007)
►Total Income Maintenance Benefits increased 5.57% relative to 2006
►Expenditures on food stamps increased 7.17%
Across the region, total expenditures on income maintenance benefits advanced 5.67%
in 2007, compared to a 2.99% increase in 2006 and a 1.64% increase in 2005.
Statewide, expenditures on transfer payments increased 2.82% for the full year 2007.
The largest percentage increases in monthly expenditures on income maintenance
17
benefits occurred in Orange, Rockland and Dutchess counties at 7.79%, 6.44% and
6.34%, respectively. Across the region, expenditures on temporary assistance increased
5.0% while the number of recipients fell 4.2% compared to 2006. The largest
percentage increases in expenditures on temporary assistance occurred in Columbia,
Orange, and Sullivan at 13.0%, 11.8% and 8.3%, respectively. During the same time
period, the number of recipients increased in Columbia and Orange at 3.9% and .30%:
in Sullivan, the number of recipients fell 3.8%. Expenditures on supplemental security
income increase 5.19% across the region. The largest percentage increases occurred in
Ulster, Westchester, and Orange, at 6.07%, 5.91%, and 5.89%, respectively. Region
wide, expenditures on food stamps advanced 7.17% while the number of recipients
increased 3.38% relative to the 2006. In the 2007, the average monthly food stamp
expenditure per recipient was $99.54 compared to $96.00 in 2006.
Chart Fourteen
The Change In Total Income Maintenance Payments 2006-2007
Source: NYS Office of Temporary and Disability Assistance
7.79%
6.44%
6.34%
5.08%
3.16%
5.04%
5.24%
Ulster
W estchester
2.98%
1.64%
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Regional Inflation
The all item CPI (prices of all goods and services) in the New York- Northern New
Jersey-Long Island metropolitan statistical area (MSA) increased at an annual rate of
2.8% for the full year 2007 down from 3.8% for the full year 2006. As of April 2008,
the all item inflation rate for the New York- Northern New Jersey- Long Island MSA
was 3.6% compared to 2.5% in April of 2007. Over the same time frame, the U.S. City
Average all items CPI advanced 3.9%. Across the region, core inflation—all items less
food and energy— advanced 2.00% in April 2008 relative to April 2007. Historically,
food and housing has the largest impact on the typical household budget at 30% of total
personal expenditures, followed by medical costs at 20%. Gasoline, household energy,
and other services account for 2.8%, 3%, and 7%, respectively. The current estimate for
gasoline as a percentage of total spending is 7%.
18
Table Two
12 Month
Percentage
Change as
Reported by the
BLS
Core
New York-Northern NJ- Long Island
Apr-08
2.00%
U.S. City Average
Apr-07
2.10%
Dec-07
2.30%
Dec-06
3.40%
Apr-08
2.30%
Apr-07
2.30%
Dec-07
2.30%
Dec-06
2.50%
All Items
3.60%
2.50%
2.80%
3.80%
3.90%
2.60%
2.80%
3.20%
Food
Rent Primary
Residence
Owner's
Equivalent Rent
Household
Energy
5.50%
4.00%
4.00%
3.10%
5.10%
3.70%
4.00%
2.40%
4.70%
4.50%
4.50%
5.20%
3.60%
4.50%
4.30%
3.60%
2.90%
4.10%
3.60%
5.60%
2.60%
3.90%
3.40%
3.50%
11.40%
7.70%
5.40%
8.00%
9.40%
2.50%
2.60%
9.60%
Gasoline
20.90%
0.60%
5.70%
13.60%
20.70%
3.20%
8.20%
12.90%
1.90%
5.70%
5.50%
4.00%
4.30%
4.00%
4.40%
4.00%
3.10%
3.20%
3.20%
4.50%
3.90%
2.50%
2.80%
3.20%
Medical
Services less
Medical
Migration 8
►Net Migration into the Region was a Negative 7549 Households
►Migration from New York City was a positive 4215 Households
During the period 2005-2006, net migration—defined as inflows less outflows—into
the Hudson Valley was a negative 7,549 households. 9 Migration between the Hudson
Valley and other New York counties was a positive 4,419 households. Of this total, the
region experienced a net inflow of 4,215 households from New York City. Migration
between the Hudson Valley and New Jersey, and Connecticut was a negative 1,864
households. Migration outside the tri-state area—defined as New York, New Jersey,
and Connecticut——was a negative 11,968 households.
The number of households that moved within the Hudson Valley was 12,633. This
inter-regional activity accounted for 24% of all outflows and 28% of all inflows.
Consistent with earlier findings 10 , migration within the Hudson Valley displayed a near
perfect correlation with median housing values: migration flowed from high median
housing areas to areas with lower median housing values. The counties that experienced
the largest regional inflows were Dutchess at 597 households, followed by Orange and
Ulster at 473 households and 344 households, respectively. Westchester experienced a
net outflow to all counties in the region; in contrast, Greene and Sullivan experienced
net inflows from all counties in the region.
8
9
Data Source: IRS.
A household is equivalent to one personal income tax return filed with the U.S. government.
10
Economic Report of the Hudson Valley Annual 2006, Marist College, Bureau of Economic Research
19
During the 2005-2006 period 2,689 households moved into Westchester County from
New York City. During the same time frame, 1,376 households moved away from
Westchester in favor of other Hudson Valley communities. Of this total, 620
households migrated into Dutchess, 362 to Putnam, and 244 to Orange. During the
same period, 324 households moved from Putnam to Dutchess.
From Westchester
To Dutchess
To Putnam
To Orange
To Duchess
From Dutchess, 66 households migrated to Columbia and 238 households migrated to
Ulster. The primary migratory flows from Columbia were into Greene. Ulster residents
moved into Sullivan.
From Dutchess
To Columbia
To Ulster
To Greene
To Sullivan
From Rockland, 534 households moved into Orange; from Orange, 181 households
migrated into Sullivan and 160 households migrated into Ulster.
From Orange
To Ulster
To Sullivan
To Sullivan
For detailed county by county migratory statistics please refer the data appendix.
20
Home Sales, Prices and Building Permits
► The Sale of Existing Homes continued to decline.
► The Average Housing Price increased 5.73%
►The Median Housing Price fell .22%
►Construction Spending on Single Family Homes declined 28% from peak
For the full year 2007, the number of existing homes sold fell 8.7% compared to a
12.34% decline in 2006 and a 7.86% decline in 2005. In the first quarter of 2008, home
sales were down 28.77% compared with the same period in 2007. In New York State,
existing home sales declined 8.72% on the year. First quarter sales were down 23.47%.
Nationwide, sales retrenched 12.75% in 2007 and were down 14.15% compared to the
first quarter of 2007.
Chart Fifteen
$700,000
7,000
$650,000
6,000
$600,000
5,000
$550,000
4,000
$500,000
3,000
$450,000
2,000
$400,000
# Hom es Sold
Average Sales Price
Hudson Valley Average Sales Price Trend:
Data Source NYSAR
1,000
$350,000
$300,000
2003
2004
2005
2006
A vg Sales Price
2007
Homes Sold
Each county in the region recorded both a year-to-year and quarter-to-quarter decline in
home sales. The largest year-to-year contraction in the number of homes sold occurred
in Sullivan, Greene, and Orange at -46.56%, -19.24% and -12.25%, respectively.
Westchester and Columbia counties experienced the smallest decline in existing home
sales at -.87% and -3.37%. Between the first quarter of 2007 and the first quarter of
2008, the largest percentage declines occurred in Sullivan at -44.21%, Rockland at
-36.47% and Orange at -33.20%
With the number of homes sold in 2007 falling faster than 2007 sales volume, the
average selling price of an existing home in the Hudson Valley rose 5.73% relative to
2006. In contrast, the median selling price fell .22%. During the same time frame, the
median selling price of an existing home in New York State and the U.S. declined -
21
3.82% and -1.31%, respectively. The average selling price in New York State increased
3.16%, while nationwide the average selling price declined .82%.
Chart Sixteen
Average and Median Housing Values 2007
Median
Average
.
.S
U
YS
H
W
es
tc
h
N
r
es
ud
te
so
r
n
Va
lle
y
ls
te
n
U
va
d
lli
an
kl
oc
R
Su
am
tn
ge
Pu
ra
n
ne
O
s
re
e
G
ut
ch
es
D
C
ol
um
bi
a
$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
By year-end, the average selling price of an existing home in the Hudson Valley at
$601,083 was 126.0% above the national average and 73.4% above of the state average.
Greene was the only county in the region with an average selling price below the
national average. Home prices in Dutchess, Orange, Putnam, Rockland and
Westchester exceeded both the state and National averages of $346,684 and $266,000,
respectively. The median selling price of an existing home in the Hudson Valley, at
$340,476, was 55.49% above the national median and 42.46% above the state median.
The only counties in the region with median selling prices below the state and national
medians were Greene and Sullivan. Since 2003, the average selling price of a singlefamily home in the Hudson Valley has advanced 36.81%; the median selling price has
increased 30.19%. 11
Across the Hudson Valley, construction spending on new single-family homes
declined 15.51% from $986 million in 2006 to $833 million in 2007. The average cost
per permit advanced 2.74% from $230,830 in 2006 to $237,165 in 2006. The number of
construction permits fell 17.77% relative to 2006. The largest reduction in aggregate
spending occurred in Dutchess at -37.25%, followed by Putnam and Sullivan at
11
When looking at housing data the median selling price captures the cost of a typical home. When the
average selling price is greater than the median this is an indication that the distribution of the housing
stock is becoming skewed to the left i.e. a large stock of low to medium valued homes with a nontrivial
stock of expensive homes. 2007 sales data supports continued activity in the high end of the market.
22
-35.26% and -20.52%, respectively. Rockland and Columbia recorded the smallest
declines at -.86% and -3.10%. From the peak in 2005, annual construction spending on
single-family homes has declined 28% or $324.86 million.
Average Housing Values and Income 12
►Growth in Average Housing Values outpaced Growth in Income
►Number of Households in Financial Distress continued to climb
Between the years 2002-2006, the percentage increase in average housing values in the
Hudson Valley increased 16.06% relative to the increase in per-capita income. Over the
same time frame, average housing values relative to per capita income advanced
13.92% nationwide and 12.84% in New York State. Within the region, the counties that
experienced substantial inter-regional migration from higher median housing cost
counties and New York City where the same counties that recorded the largest
percentage increases in housing values relative to per-capita income.
Chart Seventeen
Percentage Increase in Average Housing Values Relative to Per-Capita Income
Columbia
40.82%
24.82%
Dutchess
30.68%
23.94%
53.46%
Greene
51.20%
46.23%
43.02%
Orange
Putnam
20.41%
10.62%
Rockland
43.80%
43.52%
Sullivan
Ulster
Westchester
37.69%
23.42%
12.97%
1.74%
Hudson Valley
16.06%
22.89%
25.86%
New York
12.84%
13.92%
11.81%
U.S.
0.00%
52.32%
39.95%
10.00%
20.00%
30.00%
2002-2006
40.00%
50.00%
60.00%
2002-2005
12
In the long run, housing values display a stable relationship with income, employment and population
growth. However, in the short-run, housing values can and do de-link from economic fundamentals. The
causative factors in the current economy began in the 1999-2000 period with a portfolio shift away from
financial assets toward real estate, coupled with financial deregulation and accommodative monetary
policy. Taken together, these factors produced an increase in demand funded by cheap money and
innovative finance. The consequence for the regional economy has been an increase in housing inflation
that has substantially outpaced the increase in income and population growth.
23
Growth in average housing values relative to the growth in total personal income
supports the aforementioned findings. On average, both across the nation and within the
region, the growth in total personal income has lagged behind the growth in housing
values. As a direct consequence, it is increasing difficult for families within the Hudson
Valley to purchase and maintain a household. Further, while long-term homeowners
have experienced a substantial increase in housing wealth, the increase in assessed
valuations, insurance, fuel and maintenance costs is demanding an ever-increasing
share of disposable income. The net result is a smaller pool of disposable income
available for the purchase of other goods and services and saving.
Chart Eighteen
Percentage Grow th in Average Housing Values and Total Personal Income
(2002-2006)
Columbia
5.63%
Dutchess
5.67%
13.09%
11.79%
4.93%
Greene
16.69%
5.51%
Orange
15.01%
5.36%
Putnam
8.16%
6.32%
Rockland
16.75%
4.95%
Sullivan
15.04%
6.05%
Ulster
12.27%
7.24%
W estchester
7.55%
6.60%
Hudson Valley
10.50%
5.98%
New York State
9.54%
5.56%
U.S.
2.00%
7.73%
4.00%
6.00%
8.00%
Growth in Average Hous ing Values
10.00%
12.00%
14.00%
16.00%
18.00%
Growth in Total Pers onal Incom e
Coincident with the disjoint between the growth in income and housing values is the
increase in the percentage of households in financial distress. The U.S. Census Bureau
estimates that between the years 2002 and 2006, the number of households nationwide
in financial distress advanced 27.39%, from 28.99% in 2002 to 36.93% in 2006. Over
the same time frame, New York State experienced a 34.5% increase, from 30.43% in
2002 to 40.93% in 2006.
24
Table Three
Percent of Single Family Homes with Mortgage costs greater than or equal to
30% of 12 Month Income
2005
2002
2006
United States
New York
Columbia
Dutchess
Greene
Orange
Putnam
36.93%
40.93%
N/A
41.43%
N/A
45.91%
47.00%
34.51%
38.91%
N/A
38.45%
N/A
36.36%
45.68%
28.99%
30.43%
N/A
29.75%
N/A
24.48%
N/A
Rockland
Sullivan
Ulster
Westchester
45.74%
46.85%
39.93%
42.91%
39.65%
31.02%
36.56%
39.72%
30.85%
N/A
N/A
38.85%
Data Source: The American Community Survey, U.S. Census Bureau
Sub-Prime and Alt-A Mortgages in the Hudson Valley
Nationwide, in the year 2007, there were 1.5 million mortgage foreclosures; of this
total, 45% were prime mortgages, near-prime mortgages (Alt-A), and governmentbacked mortgages; 55% were sub-prime mortgages. Of the 7 million sub-prime
mortgages as of December 2007, 3.6 million were adjustable rate mortgages (ARMs):
20% (720,000) of this total were either in foreclosure or were 90 days of more past due.
In recent months, the Federal Reserve began releasing data on sub-prime and Alt-A
mortgages by county and zip code. This data set covers 47% of all sub-prime mortgages
and 90% of all Alt-A mortgages. Consequently, while the data is informative, it may or
may not provide a complete accounting of the region’s exposure to sub-prime and AltA loans. Given this, what follows is the best-case scenario.
As of January 2008, of the 887,442 homes in the Hudson Valley, 4.48% (39,800
homes) were financed through either sub-prime or Alt-A loans. Of this total, 2.67%
(23,700 loans) were sub-prime and 1.81% (16,100 loans) were Alt-A. The highest
concentrations per 1000 homes were in Orange and Putnam counties at 63 and 60, per
1000, respectively (see Chart Nineteen; also note Alt-A data is not available for Greene
and Columbia counties).
25
Chart Nineteen
Sub-Prime and Alt-A Mortgages per 1000 Housing Units
(January 2008)
70
63
60
60
52
49
50
43
37
40
20
34
33
27
30
17 17
16
19 19
23
20
45
41
39
24
27
26
25
20 21
18
13
9
10
0
Columbia
Dutchess
Greene
Orange
Putnam
Total
Rockland
Sub-Prime
Alt-A
Sullivan
Ulster
Westchester
Hudson
V alley
While there is no reason to believe all sub-prime and/or Alt-A loans will foreclose,
there are certain red flags within these mortgage contracts that point to a higher
probability of foreclosure. These red flags include adjustable rates, no or little
documentation at origination, low FICO (< 620) and a high Loan to Value ratio
(LTV >90%) at origination, originated after late 2005. A red flag specific to Alt-A
loans is “interest only.”
In January of 2008, just less than half (48.10%) of the sub-prime loans and 32.30% of
the Alt-A loans in the Hudson Valley were ARMs. Between January and May of 2008,
15.79% of these loans underwent their first interest reset. By year-end, an additional
20.18% of the sub-prime loans and 1.92% of the Alt-A loans will reset for the first
time. In 2009, 19.30% of the sub-prime loans and 5.77% of the Alt-A loans will
undergo their first reset. As a general statement, the contractual interest rate on subprime loans is the six-month LIBOR (London Inter-Bank Offer Rate) plus 6%; the
interest rate on Alt-A loans is the one-year LIBOR plus 3%.
At origination, 39.00% of the sub-prime loans and 65.84% of the Alt-A loans were no
or little documentation. In New York State, 44.3% of the sub-prime loans and 80.8% of
the Alt-A loans had no or little documentation. California is the only state with a higher
concentration of these types of loans.
Of the owner-occupied homes financed by sub-prime loans, 4.64% were low FICO
(<620) and high LTV (>90%); 28% of the owner occupied homes financed by Alt-A
loans had a high LTV. There were no Alt-A loans with a FICO at origination under
620.
26
Chart Twenty
Sub-Prime Loans By Year of Origination
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
1,000
2007
100
500
100
700
200
400
100
300
2006
200
1,100
100
1,700
400
800
300
600
2,100
2005
100
900
100
1,400
300
700
300
500
1,700
In or Bef ore 2004
100
700
100
1,100
300
600
200
400
1,700
In or Before 2004
2005
2006
2007
Finally, with few exceptions, the majority of sub-prime and Alt-A loans in the Hudson
Valley originated in 2006 and 2007 (see Charts Twenty and Twenty-one).
Chart Twenty-one
Alt-A Loans By Year of Origination
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Dutchess
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
2007
200
300
100
300
0
100
1,200
2006
400
600
200
600
100
200
1,900
2005
400
600
200
600
100
200
1,700
In or Bef ore 2004
300
400
200
500
100
200
1,800
In or Before 2004
2005
2006
2007
Of the owner occupied homes financed by sub-prime loans, 48.52% (11,500 loans) had
missed at least one payment during the twelve month period ending in January 2008;
6.33% (1,500 loans) were 90 or more days past due; 8.86% (2,100) loans were in
foreclosure; and 1.49% (400 homes) were owned by the originating bank. Of the owner
occupied homes financed by Alt-A loans, 79.14% (11,000) missed at least one payment
27
in the twelve-month period ending in January of 2008; 1.44% (200 loans) were 90 days
or more past due; and 2.88% (400 loans) were in foreclosure. No homes financed
through Alt-A loans had reverted to the bank as of January 2008.
Sales Tax Collection
One indicator of retail sales activity is sales tax collection. Across the region, total sales
tax collection advanced 3.52% for the full year 2007, compared to a 2.42% advance in
2006 and a 7.95% increase in 2005. The largest percentage increase occurred in
Rockland at 8.16%, followed by Sullivan and Putnam at 6.89% and 6.78%,
respectively. Sales tax collection fell 6.06% in Columbia and 1.35% in Ulster.
Bankruptcies
For the full year 2007, total bankruptcies in the Southern and Northern districts
advanced 33.9% and 19.6%, respectively, in line with the 37.76% increase in national
bankruptcies and the 28.4% increase in bankruptcy filings in New York State. Total
business bankruptcies in New York State increased 14.49%. Statewide, non-business
bankruptcies increased 408.7.6%. Of this total, chapter 7 fillings advanced from 6,258
in 2006 to 45,600 for the full year 2007.
♦
28
Page Intentionally
Left Blank
29
Average Annual Labor Force for Hudson Valley Counties
2002-2007
County
2007
2006
2005
2004
2003
2002
% Change
Peak
% Change
2002-2007
(Year)
From Peak
Columbia
% Change from Previous Yr.
32,186
0.1%
32,160
0.2%
32,092
-7.6%
34,750
0.2%
34,692
0.5%
34,533
0.9%
-6.80%
34,692
2003
-7.22%
Dutchess
% Change from Previous Yr.
147,856
-1.3%
149,838
1.3%
147,882
12.1%
131,950
1.1%
130,450
0.7%
129,567
3.7%
14.12%
149,838
2006
-1.32%
Greene
% Change from Previous Yr.
24,083
-0.1%
24,095
2.1%
23,605
3.3%
22,858
-2.2%
23,367
1.0%
23,142
8.1%
4.07%
24,095
2006
-0.05%
Orange
% Change from Previous Yr.
178,703
-1.1%
180,743
1.4%
178,282
3.7%
171,875
1.2%
169,908
2.0%
166,558
4.6%
7.29%
180,743
2006
-1.13%
Putnam
% Change from Previous Yr.
56,249
-1.2%
56,906
1.2%
56,243
-9.3%
61,992
3.6%
59,850
1.4%
59,033
4.9%
-4.72%
61,992
2004
-9.26%
Rockland
% Change from Previous Yr.
151,854
-1.3%
153,833
1.0%
152,254
-4.9%
160,025
1.2%
158,142
1.4%
155,908
5.5%
-2.60%
160,025
2004
-5.11%
Sullivan
% Change from Previous Yr.
35,365
-1.7%
35,976
1.7%
35,389
5.2%
33,625
2.8%
32,700
0.3%
32,592
4.0%
8.51%
35,976
2006
-1.70%
Ulster
% Change from Previous Yr.
92,859
-0.6%
93,409
1.3%
92,214
5.2%
87,675
1.4%
86,467
0.6%
85,942
4.0%
8.05%
93,409
2006
-0.59%
Westchester
% Change from Previous Yr.
484,500
-1.3%
490,685
1.2%
485,012
3.5%
468,483
0.2%
467,750
0.3%
466,550
2.9%
3.85%
490,685
2006
-1.26%
Total Hudson Valley
% Change from Previous Yr.
1,203,650
-1.1%
1,217,647
1.2%
1,202,972
2.5%
1,173,233
0.9%
1,163,325
0.8%
1,153,825
3.8%
4.32%
1,217,647
2006
-1.15%
452,870
-1.8%
461,136
1.0%
456,782
-2.7%
469,458
0.1%
469,025
0.1%
468,525
2.9%
-3.34%
469,458
2004
-3.53%
New York City
% Change from Previous Yr.
3,872,009
1.8%
3,801,972
1.1%
3,761,477
2.0%
3,687,192
0.1%
3,682,967
-1.2%
3,726,858
2.0%
3.89%
3,872,009
2007
0.00%
New York State
% Change from Previous Yr.
9,519,301
0.2%
9,498,563
0.7%
9,429,656
1.2%
9,315,000
0.0%
9,315,250
-0.3%
9,345,000
2.6%
1.87%
9,519,301
2007
0.00%
U.S.
% Change from Previous Yr.
153,083,500
1.1%
151,427,583
1.4%
149,320,333
1.3%
147,401,167
0.6%
146,510,000
1.1%
144,863,000
0.8%
5.67%
153,083,500
2007
0.00%
Albany-Schenectady-Troy MSA
% Change from Previous Yr.
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
30
6/20/2008
Average Annual Employment for Hudson Valley Counties
2002-2007
County
2007
2006
% Change
Peak
% Change
(Year)
From Peak
2005
2004
2003
2002
2002-2007
Columbia
% Change from Previous Yr.
30,813
-0.5%
30,958
0.3%
30,855
-7.8%
33,458
0.0%
33,475
0.5%
33,317
1.0%
-7.52%
33,475
2003
-7.52%
Dutchess
% Change from Previous Yr.
142,249
-1.4%
144,231
1.5%
142,141
12.2%
126,675
0.9%
125,517
1.0%
124,225
2.7%
14.51%
144,231
2006
0.00%
Greene
% Change from Previous Yr.
22,952
-0.1%
22,972
2.2%
22,478
3.7%
21,683
-2.5%
22,242
0.9%
22,050
7.9%
4.09%
22,972
2006
0.00%
Orange
% Change from Previous Yr.
171,290
-1.2%
173,346
1.5%
170,835
4.5%
163,425
0.9%
161,900
1.6%
159,350
3.9%
7.49%
173,346
2006
0.00%
Putnam
% Change from Previous Yr.
54,419
-1.0%
54,943
1.4%
54,172
-9.6%
59,933
3.6%
57,850
1.5%
57,008
4.1%
-4.54%
59,933
2004
-8.33%
Rockland
% Change from Previous Yr.
146,381
-1.1%
148,058
1.4%
145,980
-4.9%
153,558
1.3%
151,633
1.2%
149,850
4.7%
-2.31%
153,558
2004
-3.58%
Sullivan
% Change from Previous Yr.
33,596
-1.9%
34,236
1.7%
33,662
5.8%
31,817
2.6%
31,017
0.2%
30,950
3.8%
8.55%
34,236
2006
0.00%
Ulster
% Change from Previous Yr.
89,078
-0.6%
89,598
1.5%
88,245
5.7%
83,450
0.8%
82,767
0.5%
82,333
3.3%
8.19%
89,598
2006
0.00%
Westchester
% Change from Previous Yr.
466,925
-1.1%
471,948
1.4%
465,325
3.5%
449,425
0.1%
449,042
0.5%
446,800
2.0%
4.50%
471,948
2006
0.00%
Total Hudson Valley
% Change from Previous Yr.
1,157,702
-1.1%
1,170,289
1.4%
1,153,694
2.7%
1,123,425
0.7%
1,115,442
0.9%
1,105,883
3.0%
4.69%
1,170,289
2006
0.00%
435,211
-1.9%
443,681
1.1%
438,875
-2.6%
450,550
0.0%
450,392
-0.1%
450,700
2.2%
-3.44%
443,681
2006
-1.08%
New York City
% Change from Previous Yr.
3,652,462
1.0%
3,616,432
2.0%
3,545,866
3.6%
3,424,225
1.5%
3,374,900
-1.7%
3,432,950
0.0%
6.39%
3,652,462
2007
0.00%
New York State
% Change from Previous Yr.
9,087,278
0.2%
9,072,733
1.3%
8,959,845
2.2%
8,771,167
0.5%
8,726,417
-0.5%
8,773,333
1.2%
3.58%
9,087,278
2007
0.00%
146,002,833 144,427,000
1.1%
1.9%
141,729,750
1.8%
139,251,917
1.1%
137,736,000
0.9%
136,485,000
-0.3%
6.97%
144,427,000
2006
0.00%
Albany-Schenectady-Troy MSA
% Change from Previous Yr.
U.S.
% Change from Previous Yr.
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
31
6/20/2008
Average Annual Unemployment for Hudson Valley Counties
2002-2007
County
2007
2006
2005
2004
2003
2002
% Change
Peak
% Change
2002-2007
(Year)
From Peak
Columbia
% Change from Previous Yr.
4.27%
14.1%
3.74%
-3.0%
3.85%
3.7%
3.72%
6.0%
3.51%
-0.5%
3.52%
30.4%
21.08%
3.51%
2003
21.53%
Dutchess
% Change from Previous Yr.
3.79%
1.3%
3.74%
-3.6%
3.88%
-2.9%
4.00%
5.7%
3.78%
-8.3%
4.12%
29.4%
-8.01%
3.74%
2006
1.40%
Greene
% Change from Previous Yr.
4.70%
0.7%
4.66%
-2.4%
4.78%
-7.1%
5.14%
6.8%
4.81%
2.1%
4.72%
3.6%
-0.44%
4.66%
2006
0.78%
Orange
% Change from Previous Yr.
4.15%
1.4%
4.09%
-2.0%
4.18%
-15.0%
4.92%
4.3%
4.71%
8.9%
4.33%
17.6%
-4.16%
4.09%
2006
1.42%
Putnam
% Change from Previous Yr.
3.25%
-5.6%
3.45%
-6.3%
3.68%
10.9%
3.32%
-0.6%
3.34%
-2.6%
3.43%
29.4%
-5.14%
3.25%
2007
0.00%
Rockland
% Change from Previous Yr.
3.60%
-4.0%
3.75%
-8.9%
4.12%
2.0%
4.04%
-1.8%
4.12%
5.9%
3.89%
26.4%
-7.25%
3.60%
2007
0.00%
Sullivan
% Change from Previous Yr.
5.00%
3.4%
4.84%
-0.9%
4.88%
-9.3%
5.38%
4.5%
5.15%
2.2%
5.04%
3.5%
-0.73%
4.84%
2006
3.31%
Ulster
% Change from Previous Yr.
4.07%
-0.2%
4.08%
-5.2%
4.30%
-10.7%
4.82%
12.6%
4.28%
1.9%
4.20%
18.6%
-3.02%
4.07%
2007
0.00%
Westchester
% Change from Previous Yr.
3.63%
-5.0%
3.82%
-5.9%
4.06%
-0.2%
4.07%
1.7%
4.00%
-5.5%
4.23%
23.6%
-14.31%
3.63%
2007
0.00%
Total Hudson Valley
% Change from Previous Yr.
3.82%
-1.8%
3.89%
-5.1%
4.10%
-3.5%
4.25%
3.1%
4.12%
-0.9%
4.16%
22.3%
-8.13%
3.82%
2007
0.00%
Albany-Schenectady-Troy MSA
% Change from Previous Yr.
3.90%
3.0%
3.79%
-3.4%
3.92%
-2.7%
4.03%
1.4%
3.97%
4.4%
3.80%
20.8%
2.50%
3.80%
2002
2.62%
New York City
% Change from Previous Yr.
5.67%
16.2%
4.88%
-14.9%
5.73%
-19.6%
7.13%
-14.7%
8.36%
6.1%
7.89%
30.6%
-28.10%
4.88%
2006
16.19%
New York State
% Change from Previous Yr.
4.54%
1.2%
4.48%
-10.0%
4.98%
-14.7%
5.84%
-7.6%
6.32%
3.3%
6.12%
26.2%
-25.81%
4.54%
2007
0.00%
U.S.
% Change from Previous Yr.
4.63%
0.0%
4.62%
-9.1%
5.08%
-8.1%
5.53%
-7.7%
5.99%
3.5%
5.78%
22.2%
-20.02%
4.62%
2007
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
32
6/20/2008
33
2001
2002
Hudson Valley
2003
2004
2005
New York State
*Note: Numbers from 2000 and later reflect the 2002 Benchmark.
Source: NYS Department of Labor Place of Residence Series
Compiled by Bureau of Economic Research, School of Management, Marist College
-2.00%
-1.00%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
United States
2006
2007
Quarter-to-Quarter % Change (from Previous Year) in Employment for the Hudson Valley
2002-2007
5/8/2008
Annual Nonagricultural Employment ( Not Seasonally Adjusted)
County or Region
NAICS Industry Classification
Columbia
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
21,500
16,300
2,900
1,100
1,800
18,600
3,800
300
600
1,600
4,300
1,800
1,000
5,200
21,400
16,500
3,000
1,000
2,000
18,500
4,000
300
600
1,500
4,400
1,800
1,000
4,900
21,300
16,300
3,000
900
2,100
18,300
3,900
400
600
1,400
4,400
1,600
1,000
5,000
21,500
16,500
3,100
900
2,200
18,500
4,000
400
600
1,500
4,300
1,600
1,000
5,100
21,000
16,000
3,000
900
2,100
18,000
3,900
400
600
1,500
4,200
1,500
900
5,000
Greene
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
15,100
10,500
1,900
900
1,000
13,200
3,300
200
400
600
1,300
2,400
400
4,600
14,700
10,200
1,900
900
1,000
12,900
3,100
200
400
600
1,200
2,400
400
4,600
14,300
10,000
1,600
800
900
12,700
3,300
200
400
600
1,100
2,300
400
4,300
14,000
9,700
1,600
700
900
12,400
3,000
200
400
600
1,100
2,300
400
4,300
14,500
10,100
2,000
1,200
800
12,500
2,900
200
400
600
1,200
2,400
400
4,400
Sullivan
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
26,600
20,100
2,700
1,300
1,400
24,000
4,600
200
1,400
1,500
5,600
3,000
1,200
6,500
26,400
19,800
2,600
1,400
1,200
23,800
4,600
300
1,400
1,400
5,200
3,200
1,200
6,600
26,500
20,100
2,400
1,300
1,100
24,100
4,900
200
1,400
1,300
5,100
3,600
1,200
6,400
26,400
20,000
2,300
1,200
1,100
24,200
4,800
200
1,400
1,200
5,200
3,700
1,300
6,400
26,000
19,600
2,100
1,100
1,000
23,900
4,700
200
1,500
1,200
5,300
3,300
1,300
6,400
Kingston, NY
Metropolitan Statistical Area
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
64,500
49,200
7,100
2,800
4,300
57,400
12,600
1,100
2,800
5,600
10,400
7,000
2,700
15,300
64,800
49,500
7,400
3,000
4,400
57,400
12,400
1,300
2,900
5,500
10,300
7,000
2,800
15,300
64,200
48,700
7,200
2,800
4,500
57,000
12,400
1,800
2,800
4,800
10,000
6,900
2,800
15,500
64,300
48,700
7,500
2,800
4,800
56,800
12,300
1,900
2,700
4,400
10,200
6,900
2,800
15,600
65,000
49,500
7,800
2,600
5,200
57,200
12,200
2,700
2,600
4,300
10,300
6,900
2,700
15,500
Poughkeepsie-NewburghMiddletown, NY Metropolitan
Statistics
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
255,000
202,900
34,000
12,200
21,900
220,900
56,300
4,600
10,000
20,600
47,200
20,200
10,000
52,100
255,600
204,000
35,000
12,100
22,900
220,600
56,100
4,700
10,200
21,200
47,300
19,800
9,800
51,500
254,300
202,400
35,200
12,000
23,200
219,000
55,400
4,400
10,400
21,200
46,000
20,000
9,700
51,800
252,000
200,900
35,400
11,300
24,100
216,600
55,200
4,600
10,300
20,500
45,700
19,600
9,600
51,100
248,000
196,800
36,200
11,100
25,100
211,900
53,600
4,700
10,300
19,600
43,900
19,300
9,300
51,200
Data Source: NYS Department of Labor.
Complied by The Bureau of Economic Research, School of Management, Marist College
2007
34
2006
2005
2004
2003
5/16/2008
Annual Nonagricultural Employment
(continued)
Putnam-Rockland-Westchester
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
579,500
482,500
69,300
37,700
31,600
510,300
110,700
16,400
36,900
72,400
110,400
42,200
24,300
97,100
568,200
473,200
66,800
35,200
31,600
501,300
109,600
16,900
37,600
70,600
107,600
40,200
23,800
95,000
566,400
471,800
66,100
33,800
32,300
500,300
110,300
17,200
37,200
71,200
106,000
40500
23500
95200
563,200
468,800
65,800
33,300
32,500
497,400
108,600
18,100
35,300
71,900
104,500
41500
23200
95300
555,100
461,100
66,100
33,300
32,900
489,000
107,300
18,400
33,900
69,200
102,700
40800
22700
94800
Albany-SchenectadyTroy, NY Metropolitan Statistical
Area
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
448,300
340,500
41,100
18,100
23,000
407,300
77,800
9,900
26,100
54,300
80,100
33,100
18,200
107,800
447,200
340,600
41,600
18,400
23,200
405,600
79,400
10,700
26,500
53,100
78,700
32,300
18,300
106,600
446,500
338,900
41,200
18,100
23,100
405,300
80,100
10,800
26,400
52,200
78,200
31,800
18,200
107,600
444,200
336,200
40,700
17,900
22,800
403,500
79,600
10,900
26,100
50,900
77,900
31,800
18,400
108,000
439,800
331,500
40,400
17,700
22,700
399,400
78,400
11,200
25,900
49,500
76,800
31,100
18,300
108,300
New York City
Total Nonfarm
Total Private
Goods Producing
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
3,745,000
3,185,800
228,100
127,100
101,000
3,516,900
570,600
165,900
467,900
591,400
707,000
297,000
158,100
559,200
3,664,400
3,109,000
224,700
118,300
106,400
3,439,700
556,800
165,200
458,400
571,500
694,700
283,500
154,200
555,400
3,599,400
3,044,400
227,300
112,900
114,300
3,372,100
545,200
162,900
446,200
554,100
678,600
276,800
153,300
554,900
3,550,300
2,995,400
232,600
111,800
120,800
3,317,700
539,300
160,200
435,900
541,500
665,300
270,100
150,500
555,000
3,531,700
2,974,500
239,300
112,700
126,600
3,292,500
533,600
163,900
433,600
536,600
658,200
260,300
149,100
557,200
New York State
Total Nonfarm
Total Private
Goods Producing
Construction
Natural Resources, Mining and Construction
Manufacturing
Service-Providing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Educational and Health Services
Leisure and Hospitality
Other Services
Government
8,737,600
7,233,300
910,200
350,500
6,200
553,500
7,827,400
1,525,600
265,200
731,400
1,136,700
1,602,100
698,800
363,400
1,504,300
8,612,100
7,125,200
910,600
336,500
6,200
567,900
7,701,600
1,505,900
269,900
726,200
1,108,500
1,569,800
677,900
356,600
1,486,900
8,528,300
7,040,500
910,100
324,200
5,900
580,100
7,618,200
1,500,000
269,800
713,800
1,080,600
1,540,900
669,300
356,000
1,487,800
8,461,900
6,977,700
924,900
322,200
5,700
597,000
7,537,000
1,486,800
269,100
701,900
1,058,700
1,519,900
663,500
352,900
1,484,200
8,407,000
6,919,200
937,900
319,100
5,300
613,400
7,469,100
1,474,700
276,200
696,500
1,042,700
1,494,900
647,100
349,300
1,487,800
Data Source: NYS Department of Labor.
Complied by The Bureau of Economic Research, School of Management, Marist College
35
5/16/2008
Select Average Weekly Wages in the Hudson Valley
by Place of Work
2006-2002
% change 2006-2005
2006
2005
2004
2003
2002
Current
Dollars
Real
Dollars
Columbia
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
$616
$604
$705
$652
$778
$573
$600
$583
$665
$595
$737
$557
$604
$597
$660
$622
$725
$576
$563
$553
$654
$634
$701
$521
$552
$527
$615
$592
$662
$499
2.67%
3.60%
6.02%
9.58%
5.56%
2.87%
-0.14%
0.79%
3.21%
6.77%
2.75%
0.06%
$828
$814
$1,395
$911
$1,634
$644
$797
$786
$1,343
$827
$1,578
$619
$767
$762
$1,310
$792
$1,522
$596
$750
$749
$1,266
$768
$1,467
$582
$735
$736
$1,251
$750
$1,434
$567
3.89%
3.56%
3.87%
10.16%
3.55%
4.04%
1.08%
0.75%
1.06%
7.35%
0.74%
1.23%
$629
$540
$807
$725
$910
$477
$632
$514
$752
$667
$861
$466
$608
$498
$708
$638
$797
$454
$593
$514
$740
$718
$795
$471
$543
$457
$688
$657
$733
$407
-0.47%
5.06%
7.31%
8.70%
5.69%
2.36%
-3.28%
2.25%
4.50%
5.89%
2.88%
-0.45%
$698
$643
$786
$816
$802
$620
$677
$625
$764
$796
$777
$602
$653
$605
$750
$768
$772
$581
$628
$585
$729
$765
$741
$560
$603
$561
$720
$791
$711
$531
3.10%
2.88%
2.88%
2.51%
3.22%
2.99%
0.29%
0.07%
0.07%
-0.30%
0.41%
0.18%
$813
$758
$928
$896
$994
$715
$779
$727
$900
$865
$969
$686
$755
$714
$908
$876
$977
$667
$728
$682
$848
$804
$933
$644
$705
$660
$839
$788
$942
$618
4.36%
4.26%
3.11%
3.58%
2.58%
4.23%
1.55%
1.45%
0.30%
0.77%
-0.23%
1.42%
$864
$843
$1,234
$1,014
$1,341
$752
$825
$812
$1,205
$1,030
$1,284
$720
$809
$792
$1,181
$980
$1,277
$702
$780
$763
$1,146
$959
$1,232
$675
$760
$741
$1,102
nd
$1,155
$656
4.73%
3.82%
2.41%
-1.55%
4.44%
4.44%
1.92%
1.01%
-0.40%
-4.36%
1.63%
1.63%
Dutchess
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Greene
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Orange
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Putnam
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Rockland
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Source: U.S. Bureau of Labor Statistics
Complied by The Bureau of Economic Research, Marist College
5/8/2008
36
Select Average Weekly Wages in the Hudson Valley
by Place of Work
2006-2002
% change 2006-2005
2006
2005
2004
2003
2002
Current
Dollars
Real
Dollars
Sullivan
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
$619
$546
$635
$700
$558
$531
$614
$522
$617
$704
$525
$507
$599
$509
$604
$682
$542
$495
$579
$488
$542
$588
$508
$480
$550
$470
$521
$560
$490
$463
0.81%
4.60%
2.92%
-0.57%
6.29%
4.73%
-2.00%
1.79%
0.11%
-3.38%
3.48%
1.92%
$648
$587
$739
$706
$831
$556
$591
$555
$705
$697
$769
$525
$567
$540
$682
$678
$738
$510
$548
$511
$663
$660
$699
$479
$533
$489
$623
$622
$655
$460
9.64%
5.77%
4.82%
1.29%
8.06%
5.90%
6.83%
2.96%
2.01%
-1.52%
5.25%
3.09%
$1,128
$1,126
$1,404
$1,129
$1,801
$1,086
$1,071
$1,033
$1,337
$1,070
$1,693
$1,033
$1,026
$1,029
$1,325
$1,075
$1,646
$986
$961
$962
$1,269
$1,051
$1,547
$915
$938
$939
$1,186
$1,014
$1,395
$901
5.32%
9.00%
5.01%
5.51%
6.38%
5.13%
2.51%
6.19%
2.20%
2.70%
3.57%
2.32%
$760
$726
$1,155
$866
$1,346
$631
$734
$703
$1,116
$812
$1,307
$610
$707
$681
$1,089
$780
$1,267
$588
$687
$665
$1,056
$766
$1,216
$570
$666
$647
$1,039
$770
$1,180
$548
3.54%
3.27%
3.49%
6.65%
2.98%
3.44%
0.73%
0.46%
0.68%
3.84%
0.17%
0.63%
$648
$587
$739
$706
$831
$556
$591
$555
$705
$697
$769
$525
$567
$540
$682
$678
$738
$510
$548
$511
$663
$660
$699
$479
$533
$489
$623
$622
$655
$460
9.64%
5.77%
4.82%
1.29%
8.06%
5.90%
6.83%
2.96%
2.01%
-1.52%
5.25%
3.09%
Ulster
All
Total Private
Goods Producing
Construction
Manufacturing
Service -Providing
Westchester
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
PoughkeepsieNewburghMiddletown, NY
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Kingston, NY
All
Total Private
Goods Producing
Construction
Manufacturing
Service- Providing
Source: U.S. Bureau of Labor Statistics
Complied by The Bureau of Economic Research, Marist College
5/8/2008
37
Total U.S. NonFarm Employees
(Seasonally Adjusted in Thousands)
Month
2007
2006
2005
2004
2003
2002
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
137,108
137,133
137,310
137,356
137,518
137,625
137,682
137,756
137,837
137,977
138,037
138,078
135,110
135,410
135,659
135,803
135,906
136,030
136,252
136,438
136,636
136,745
136,941
137,167
132,471
132,736
132,876
133,104
133,210
133,376
133,617
133,792
133,840
133,877
134,231
134,376
130,372
130,466
130,786
131,123
131,373
131,479
131,562
131,750
131,880
132,162
132,294
132,449
130,247
130,125
129,907
129,853
129,827
129,854
129,857
129,859
129,953
130,076
130,172
130,255
130,581
130,478
130,441
130,335
130,326
130,377
130,277
130,295
130,250
130,309
130,315
130,161
Average
% Change
137,618
1.06%
136,175
2.04%
133,459
1.51%
131,475
1.14%
129,999
-0.27%
130,345
-1.13%
Monthly Changes in LABSTAT Series Report
(in Thousands)
Period
2007
Jan-Feb
Feb-Mar
Mar-Apr
Apr-May
May-Jun
Jun-Jul
Jul-Aug
Aug-Sep
Sep-Oct
Oct-Nov
Nov-Dec
Dec-Jan
25
177
46
162
107
57
74
81
140
60
41
(76)
Total
Average
894
75
2006
2005
300
249
144
103
124
222
186
198
109
196
226
(59)
1,998
167
Source: U.S. Bureau of Labor Statistics.
Compiled by Bureau of Economic Research, Marist College.
2004
265
140
228
106
166
241
175
48
37
354
145
734
94
320
337
250
106
83
188
130
282
132
155
22
2,639
220
2,099
175
2003
2002
(122)
(218)
(54)
(26)
27
3
2
94
123
96
83
117
(103)
(37)
(106)
(9)
51
(100)
18
(45)
59
6
(154)
86
125
10
(334)
(28)
5/8/2008
38
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
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
37.70
37.70
38.00
38.70
38.40
37.30
35.80
38.90
34.90
35.10
35.40
36.50
2004
35.70
35.60
36.40
34.60
36.40
36.00
34.60
36.20
35.70
37.60
38.10
37.60
2003
38.40
37.40
37.00
36.30
36.90
36.90
36.00
34.60
36.40
36.30
36.40
36.10
2002
36.60
36.80
37.30
36.80
36.70
37.60
38.00
37.80
37.60
36.50
37.30
38.70
New York State**
January
February
March
April
May
June
July
August
September
October
November
December
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
39.30
39.40
39.20
39.60
39.40
39.10
38.50
39.20
39.90
40.50
40.20
40.40
2004
39.60
39.60
39.70
39.10
39.90
39.60
38.90
39.70
39.50
39.70
40.20
40.50
2003
40.30
40.30
40.30
39.90
40.10
40.00
39.00
38.90
40.20
40.10
40.20
40.40
2002
39.80
40.30
40.60
40.20
40.50
40.30
39.60
40.00
40.60
40.40
40.60
41.10
United States*
January
February
March
April
May
June
July
August
September
October
November
December
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
40.70
40.60
40.40
40.50
40.40
40.40
40.50
40.60
40.70
41.00
40.80
40.80
2004
41.00
41.00
40.90
40.80
40.40
40.70
40.80
40.90
40.80
40.70
40.50
40.50
2003
40.30
40.40
40.40
40.10
40.20
40.30
40.10
40.20
40.80
40.70
41.20
41.30
2002
40.20
40.30
40.60
40.50
40.60
40.70
40.40
40.50
40.50
40.30
40.40
40.50
41.2
41.3
41.1
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
39
6/19/2008
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
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
$15.11
$14.92
$15.35
$15.88
$15.92
$15.32
$14.92
$15.25
$15.04
$15.89
$15.36
2004
$13.99
$13.96
$13.93
$14.04
$13.92
$14.51
$14.77
$14.24
$14.26
$14.04
$14.63
$15.06
2003
$13.52
$12.94
$13.68
$13.84
$13.67
$13.66
$14.34
$14.22
$14.37
$13.49
$13.99
$14.08
2002
$13.00
$12.74
$12.92
$13.43
$13.32
$12.74
$12.73
$13.00
$12.97
$13.41
$13.32
$13.26
New York State
January
February
March
April
May
June
July
August
September
October
November
December
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
$17.77
$17.74
$17.56
$17.78
$17.73
$17.83
$17.56
$17.87
$17.90
$17.62
$17.95
$17.93
2004
$17.17
$17.00
$16.92
$17.20
$17.26
$17.24
$17.15
$17.32
$17.67
$17.33
$17.45
$17.74
2003
$16.78
$16.69
$16.73
$16.69
$16.70
$16.60
$16.57
$16.88
$16.89
$16.71
$16.91
$17.21
2002
$16.65
$16.81
$16.84
$17.00
$16.70
$16.61
$16.39
$16.64
$16.76
$16.67
$16.98
$16.84
United States
January
February
March
April
May
June
July
August
September
October
November
December
2007
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
$17.02
$17.06
$17.11
$17.20
$17.23
$17.28
$17.30
$17.33
$17.34
$17.34
$17.40
$17.41
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
40
6/19/2008
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
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
$569.65
$566.96
$594.05
$609.79
$593.82
$548.46
$580.39
$532.57
$527.90
$562.51
$560.64
2004
$499.44
$496.98
$507.05
$485.78
$506.69
$522.36
$511.04
$515.49
$509.08
$527.90
$557.40
$566.26
2003
$519.17
$483.96
$506.16
$502.39
$504.42
$504.05
$518.40
$492.01
$523.07
$489.69
$509.24
$508.29
2002
$475.80
$468.83
$481.92
$494.22
$488.84
$479.02
$483.74
$491.40
$487.67
$489.47
$496.84
$513.16
New York State
January
February
March
April
May
June
July
August
September
October
November
December
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
$736.00
$758.08
$766.92
$738.30
$757.27
$757.38
$749.50
$757.06
$772.88
2005
$698.36
$698.96
$688.35
$704.09
$698.56
$697.15
$676.06
$700.50
$713.81
$713.61
$721.59
$724.37
2004
$679.93
$673.20
$671.72
$672.52
$688.67
$682.70
$667.14
$687.60
$697.97
$688.00
$701.49
$718.47
2003
$676.64
$673.01
$674.62
$665.93
$669.67
$664.00
$646.23
$656.63
$678.98
$670.07
$679.78
$695.28
2002
$662.67
$677.44
$683.70
$683.40
$676.35
$669.38
$649.04
$665.04
$680.46
$673.47
$689.39
$692.12
United States
January
February
March
April
May
June
July
August
September
October
November
December
2007
$696.12
$697.75
$704.93
$706.92
$708.15
$715.39
$716.22
$715.73
$717.88
$714.41
$718.62
$715.55
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
Seasonly Adjusted*
Not Seasonly Adjusted**
Source: Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
41
6/19/2008
Average Weekly Earnings of Manufacturing Workers
$775.00
$725.00
Dollars
$675.00
$625.00
$575.00
$525.00
$475.00
$425.00
2002
2003
2004
2005
NYC
NYS
2006
2007
USA
Length of Average Work Week for Manufacturing Workers
43
42
41
Hours
40
39
38
37
36
35
34
2002
2003
2004
2005
NYC
NYS
Source: Bureau of Labor Statistics
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
42
2006
2007
USA
6/19/2008
United States of America
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
Population
Per Capita Income
Earnings by place of work
less: Contributions for
government social insurance
Employee & self-employed
contrib. for govt. soc. ins.
Employer contributions for
govt. social insurance
plus: Adjustment for residence
equals: Net earnings by place
of residence
plus: Dividends, interest, and
rent
plus: Personal current transfer
receipts
equals: Total Personal
Income
Earnings by place of work
Wage and salary
disbursements
Supplements to wages and
salaries
p y
employee pension & insur.
funds
Employer contributions for
govt. social insurance
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
2003
2004
2005
2006
Growth
287,888,021
290,447,644
293,191,511
295,895,897
298,754,819
0.93%
$30,821
$31,504
$33,123
$34,757
$36,714
4.58%
$7,108,923,000 $7,567,463,000
$7,978,181,000
$8,432,719,000
5.45%
$6,851,318,000
$748,787,000
$777,556,000
$827,415,000
$873,298,000
$926,092,000
5.56%
$384,169,000
$395,834,000
$419,781,000
$444,923,000
$474,988,000
5.56%
$364,618,000
$381,722,000
$407,634,000
$428,375,000
$451,104,000
5.56%
($1,162,000)
($1,198,000)
($1,228,000)
($1,259,000)
($1,291,000)
NM
$6,101,369,000
$6,330,169,000 $6,738,820,000
$7,103,624,000
$7,505,336,000
5.44%
$1,485,161,000
$1,468,652,000 $1,549,599,000
$1,659,630,000
$1,850,122,000
5.78%
$1,286,341,000
$1,351,499,000 $1,422,944,000
$1,521,102,000
$1,612,935,000
5.87%
$8,872,871,000
$9,150,320,000 $9,711,363,000 $10,284,356,000 $10,968,393,000
5.56%
$6,851,318,000
$7,108,923,000 $7,567,463,000
$7,978,181,000
$8,432,719,000
5.45%
$4,976,522,000
$5,107,298,000 $5,388,680,000
$5,661,026,000
$6,015,158,000
4.94%
$1,104,311,000
$1,191,021,000 $1,269,098,000
$1,348,451,000
$1,413,866,000
6.38%
$739,693,000
$809,299,000
$861,464,000
$920,076,000
$962,762,000
6.77%
$364,618,000
$381,722,000
$407,634,000
$428,375,000
$451,104,000
5.56%
$770,485,000
$810,604,000
$909,685,000
$968,704,000
$1,003,695,000
7.33%
$12,668,000
$28,545,000
$35,376,000
$29,608,000
$16,310,000
5.57%
$757,817,000
$782,059,000
$874,309,000
$939,096,000
$987,385,000
7.38%
$7,108,923,000 $7,567,463,000
$7,978,181,000
$8,432,719,000
5.45%
$57,358,000
$51,711,000
$38,980,000
3.76%
$6,851,318,000
Farm earnings
Nonfarm earnings: Private
and Government
$6,817,857,000
$7,060,393,000 $7,510,105,000
$7,926,470,000
$8,393,739,000
5.46%
Government
$1,121,206,000
$1,192,283,000 $1,258,783,000
$1,323,509,000
$1,389,982,000
5.49%
$33,461,000
Data: BEA
Complied by:Bureau of Economic Research, Marist College
$48,530,000
43
5/28/2008
New York State
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2003
19,132,542
19,207,652
19,258,479
19,262,545
19,281,988
0.18%
$35,416
$36,107
$38,423
$41,016
$44,027
5.79%
Earnings by place of work
$549,508,009
$561,245,567
$599,585,866
$631,696,790
$674,839,138
5.43%
less: Contributions for
government social insurance
$60,352,947
$61,947,244
$65,286,401
$68,082,030
$72,074,108
4.60%
Employee & self-employed
contrib. for govt. soc. ins.
$29,961,033
$30,547,950
$32,378,557
$34,009,134
$36,199,594
4.98%
Employer contributions for govt.
social insurance
$30,391,914
$31,399,294
$32,907,844
$34,072,896
$35,874,514
4.22%
plus: Adjustment for residence
-$31,536,908
-$31,238,435
-$35,098,648
-$37,871,357
-$42,863,308
Population
Per Capita Income
2004
2005
2006
Growth
2002
NM
equals: Net earnings by place of
residence
$457,618,154
$468,059,888
$499,200,817
$525,743,403
$559,901,722
5.33%
plus: Dividends, interest, and rent
$103,078,144
$102,457,764
$108,460,110
$132,762,592
$148,804,631
10.44%
plus: Personal current transfer
receipts
$116,908,016
$123,015,368
$132,307,646
$131,567,858
$140,230,364
4.40%
equals: Total Personal Income
$677,604,314
$693,533,020
$739,968,573
$790,073,853
$848,936,717
5.98%
Earnings by place of work
$549,508,009
$561,245,567
$599,585,866
$631,696,790
$674,839,138
5.43%
Wage and salary disbursements
$400,159,919
$406,548,023
$431,824,743
$452,655,491
$487,379,090
5.15%
Supplements to wages and
salaries
$81,058,574
$85,564,321
$92,579,052
$98,921,459
$104,044,863
6.66%
Employer contrib. for employee
pension & insur. funds
$50,666,660
$54,165,027
$59,671,208
$64,848,563
$68,170,349
8.04%
Employer contributions for govt.
social insurance
$30,391,914
$31,399,294
$32,907,844
$34,072,896
$35,874,514
4.22%
Proprietors' income
$68,289,516
$69,133,223
$75,182,071
$80,119,840
$83,415,185
5.63%
$247,806
$409,248
$512,903
$292,963
NM
$68,306,572
$68,885,417
$74,772,823
$79,606,937
$83,122,222
5.52%
$549,508,009
$561,245,567
$599,585,866
$631,696,790
$674,839,138
5.43%
$596,210
$772,153
$925,395
$941,897
$741,418
6.55%
$548,911,799
$560,473,414
$598,660,471
$630,754,893
$674,097,720
5.43%
$79,959,228
$83,745,391
$89,631,859
$94,887,096
$98,177,721
5.50%
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
Nonfarm earnings: Private and
Government
Government
-$17,056
Data: BEA
Complied by: Bureau of Economic Research, Marist College
44
5/28/2008
45
2.02%
0.79%
0.59%
0.97%
Federal Government
State Government
1.14%
Total, All Private
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
0.71%
1.13%
Total, All Government
Total, All Industries
0.72%
1.56%
Accommodation and Food Services
Other Services
7.99%
2.70%
Arts, Entertainment, and Recreation
Local Government
1.73%
Health Care and Social Assistance
Unclassified
1.70%
3.01%
Administrative and Waste Services
Educational Services
0.73%
5.87%
1.43%
0.81%
Finance and Insurance
Real Estate and Rental and Leasing
Professional and Technical Services
0.74%
1.02%
-2.27%
Management of Companies and Enterprises
-2.28%
-0.34%
Transportation and Warehousing
Information
0.64%
0.52%
-0.07%
4.54%
0.32%
-0.72%
-2.07%
0.49%
1.48%
1.68%
1.55%
2.33%
0.73%
1.41%
1.16%
0.79%
-0.07%
-0.81%
-0.32%
-3.26%
Wholesale Trade
-2.57%
Manufacturing
1.17%
Retail Trade
2.46%
Construction
-2.15%
6.10%
0.95%
0.08%
Mining
0.74%
-0.32%
Utilities
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
Average
Employment
Growth (within
Industry)
3.86%
3.63%
2.38%
2.30%
2.93%
0.66%
1.61%
3.27%
3.92%
3.34%
4.33%
4.98%
4.45%
3.08%
4.60%
4.87%
6.69%
1.32%
2.41%
3.10%
2.94%
0.20%
1.91%
-0.11%
7.09%
3.43%
3.20%
3.09%
2.46%
-2.15%
2.59%
1.39%
3.76%
2.77%
2.40%
1.63%
2.73%
2.59%
3.70%
1.65%
2.53%
3.81%
5.90%
3.68%
1.23%
2.28%
3.01%
3.57%
0.73%
2.08%
0.94%
2.67%
NM
NM
NM
18
13
12
7
20
23
14
17
15
19
2
5
10
1
4
16
21
6
8
9
3
11
22
Average Wages by
Growth in Average
Growth inTotal
Industry (2006)
Compensation (within Compensation per job Ranked from Highest
(within Industry)
Industry)
(1) to Lowest (23) *
New York State
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
5/28/2008
NM
NM
NM
20
2
14
18
11
6
17
1
12
8
19
5
16
7
13
15
3
9
4
10
21
23
22
Level Change in Avg.
Employ. By industry
(2006-2002) Ranked
from Highest (1) to
Lowest (23)
46
71,231
56,760
36,741
60,244
Accommodation and Food Services
Other Services
6,158
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
9,080
529,790
Total, All Private
538,870
Total, All Government
Total, All Industries
25,878
Local Government
Unclassified
874
State Government
2,048
9,397
Arts, Entertainment, and Recreation
Federal Government
46,416
5,881
23,509
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
2,500
57,420
Management of Companies and Enterprises
Professional and Technical Services
32,399
32,150
Real Estate and Rental and Leasing
9,266
530,527
539,793
31,615
6,244
877
2,145
59,830
36,599
9,549
47,136
5,951
23,295
2,500
27,074
11,713
10,944
11,182
27,581
Transportation and Warehousing
Finance and Insurance
72,701
11,420
Retail Trade
37,760
Information
21,595
38,575
Manufacturing
20,530
374
355
2,225
43,221
2003
43,090
Wholesale Trade
Construction
371
Utilities
2,256
355
2002
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
9,288
536,573
545,861
31,525
6,264
877
2,147
60,718
37,780
9,949
48,580
6,213
23,896
2,709
56,718
32,649
27,509
10,715
11,188
71,670
37,487
20,064
44,262
378
360
2,205
2005
New York State
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
9,326
544,883
554,209
34,416
6,326
887
2,113
61,426
38,276
10,167
49,080
6,436
24,440
2,923
57,752
32,972
28,535
10,492
11,189
71,668
37,361
19,666
45,138
381
363
2,204
2006
9,378
553,132
562,510
36,423
6,341
912
2,125
61,842
38,815
10,407
49,569
6,559
24,968
3,075
59,028
33,179
28,847
10,663
11,226
71,337
37,240
19,376
47,614
369
368
2,231
Growth
5/28/2008
0.71%
1.14%
1.13%
7.99%
0.72%
0.97%
0.59%
0.79%
1.56%
2.70%
1.73%
3.01%
1.70%
5.87%
0.73%
0.81%
1.43%
-2.27%
-0.34%
-0.32%
-0.81%
-2.57%
2.46%
0.08%
0.95%
-0.32%
47
137,232
240,059
1,046,036
Federal Government
State Government
Local Government
6,848,949
1,423,327
Total, All Industries
Total, All Private
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
8,272,276
Total, All Government
34,134
310,619
Unclassified
513,213
Accommodation and Food Services
249,162
Educational Services
Other Services
417,797
Administrative and Waste Services
124,520
118,817
Management of Companies and Enterprises
Arts, Entertainment, and Recreation
509,047
Professional and Technical Services
1,113,327
176,844
Real Estate and Rental and Leasing
Health Care and Social Assistance
295,415
Transportation and Warehousing
524,760
Retail Trade
Finance and Insurance
855,067
215,869
Wholesale Trade
Information
649,208
353,739
Manufacturing
319,798
Construction
42,320
Utilities
21,151
4,143
2002
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
40,928
4,380
21,285
1,421,443
6,801,127
8,222,570
42,118
1,049,663
236,576
135,204
310,715
517,438
125,315
1,133,299
257,284
410,584
120,332
505,888
178,479
513,759
275,284
214,948
852,040
350,441
610,059
316,553
2003
263,747
418,485
119,376
514,688
181,353
516,342
268,204
217,684
863,990
352,745
593,521
320,282
39,250
4,715
22,048
1,418,587
6,856,764
8,275,351
36,752
1,053,335
235,055
130,197
311,413
529,143
130,926
1,152,100
2004
268,493
425,836
121,981
529,510
183,281
526,099
268,215
220,477
875,115
351,967
578,759
323,456
39,175
4,925
21,928
1,421,003
6,926,223
8,347,226
37,156
1,058,708
233,537
128,758
314,878
536,488
130,268
1,168,218
2005
New York State
Average Employment by Three Digit NACIS
Years 2002-2006
273,638
425,410
126,541
549,842
183,572
538,065
266,661
225,844
877,790
351,759
564,857
335,391
38,810
5,252
21,617
1,418,248
7,006,373
8,424,621
45,382
1,058,511
233,061
126,676
316,208
542,494
132,763
1,184,479
2006
Growth
5/28/2008
-0.07%
0.64%
0.52%
4.54%
0.32%
-0.72%
-2.07%
0.49%
1.48%
1.68%
1.55%
2.33%
0.73%
1.41%
2.02%
1.02%
0.74%
-2.28%
1.16%
0.79%
-0.07%
-3.26%
1.17%
-2.15%
6.10%
0.74%
48
Transportation and Warehousing
$47,031
$42,947
Total, All Private
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$46,328
$46,170
State Government
Total, All Government
$49,595
Federal Government
Total, All Industries
$26,307
$41,335
$17,448
Accommodation and Food Services
Other Services
$34,647
$36,583
Arts, Entertainment, and Recreation
Unclassified
$34,357
Health Care and Social Assistance
Local Government
$30,921
$35,755
Administrative and Waste Services
Educational Services
$112,772
$68,726
Management of Companies and Enterprises
$42,062
Professional and Technical Services
$124,531
Real Estate and Rental and Leasing
Finance and Insurance
$66,569
$24,985
$36,663
Retail Trade
Information
$46,295
$47,721
Construction
$55,917
$77,825
Utilities
Wholesale Trade
$44,625
Manufacturing
$22,579
Agriculture, Forestry, Fishing & Hunting
2002
Mining
Industry by Three Digit NACIS
$44,099
$47,927
$47,266
$32,754
$42,532
$46,915
$51,343
$27,090
$17,788
$38,297
$35,985
$36,833
$32,414
$107,646
$70,252
$42,962
$124,595
$70,355
$37,306
$25,690
$57,812
$48,387
$48,761
$78,970
$46,903
$23,199
2003
$73,565
$38,273
$26,505
$60,369
$50,255
$49,184
$82,721
$47,488
$24,123
$45,889
$50,794
$49,953
$34,368
$44,277
$47,900
$55,295
$27,980
$18,506
$39,177
$37,449
$38,350
$33,885
$115,683
$73,689
$45,758
$143,445
2004
New York State
Average Wages by Three Digit NACIS
Years 2002-2006
$76,200
$39,037
$27,245
$62,387
$51,961
$50,444
$83,248
$48,851
$24,642
$46,920
$52,971
$51,941
$36,139
$45,444
$48,538
$56,118
$29,178
$19,150
$39,705
$38,526
$39,822
$35,428
$120,185
$77,165
$48,033
$153,068
2005
$81,242
$40,360
$28,195
$65,520
$53,770
$52,914
$87,655
$50,499
$26,043
$48,418
$56,878
$55,454
$38,563
$47,155
$48,528
$58,774
$30,548
$20,248
$43,892
$39,891
$41,646
$36,683
$125,871
$80,437
$51,079
$177,637
2006
Growth
5/28/2008
3.06%
4.92%
4.64%
3.17%
3.35%
1.35%
4.38%
3.80%
3.78%
4.09%
3.74%
3.90%
4.40%
3.35%
4.17%
5.13%
9.59%
4.90%
2.40%
3.05%
4.01%
3.78%
2.43%
2.95%
2.92%
3.52%
49
Columbia
-0.89%
2.26%
NA
6.89%
0.00%
-0.93%
-1.77%
-4.70%
0.86%
-2.50%
0.89%
6.27%
NA
3.26%
4.22%
3.94%
0.63%
1.22%
-0.20%
0.00%
0.00%
1.18%
10.02%
2.06%
2.12%
0.68%
Data Source: NYS Department of Labor QCEW Series
Compiled By: Marist College Bureau of Economic Research
Total, All Government
Total, All Private
Total, All Industries
Unclassified
Local Government
State Government
Federal Government
Other Services
Accommodation and Food Services
Arts, Entertainment, and Recreation
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
Management of Companies and Enterprises
Professional and Technical Services
Real Estate and Rental and Leasing
Finance and Insurance
Information
Transportation and Warehousing
Retail Trade
Wholesale Trade
Manufacturing
Construction
Utilities
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Dutchess
0.11%
0.69%
NA
4.99%
-0.19%
1.75%
0.08%
4.44%
-1.59%
0.64%
4.30%
0.50%
6.84%
5.26%
3.57%
1.61%
4.01%
4.54%
2.26%
1.74%
0.47%
2.75%
7.94%
2.61%
2.62%
2.35%
Greene
-12.09%
NA
NA
5.15%
-6.29%
3.37%
-1.03%
4.73%
-4.30%
3.86%
3.71%
-1.21%
NA
4.82%
20.13%
2.90%
-1.11%
-1.12%
-1.75%
-3.11%
0.00%
0.40%
12.04%
1.12%
1.24%
-0.62%
Orange
0.99%
-3.11%
6.23%
4.21%
-0.27%
3.52%
0.95%
0.84%
-1.30%
1.02%
4.19%
3.20%
6.93%
4.77%
2.23%
2.70%
3.96%
2.12%
2.30%
-0.75%
1.49%
2.05%
12.27%
2.84%
2.89%
1.14%
Putnam
1.92%
NA
NA
4.19%
-0.38%
-0.43%
-0.82%
-1.02%
-1.32%
-0.51%
0.00%
3.01%
NA
3.69%
7.22%
0.83%
-1.39%
2.03%
1.12%
-1.59%
0.00%
0.00%
10.44%
2.13%
2.17%
-0.39%
Rockland
-2.84%
NA
16.42%
2.78%
-1.82%
-0.78%
-0.46%
-1.19%
-3.91%
0.38%
2.44%
-0.11%
5.24%
1.33%
4.28%
1.55%
2.13%
2.61%
1.43%
-1.91%
0.00%
-0.29%
15.47%
1.60%
1.65%
-0.57%
Hudson Valley Summary
Growth in the Number of Reporting Units by Three Digit NACIS
Years 2002-2006
Sullivan
-5.12%
0.16%
NA
3.92%
-2.28%
-1.14%
0.91%
-0.03%
0.57%
0.69%
4.65%
2.10%
14.37%
3.88%
-1.96%
-0.11%
0.82%
-0.15%
-1.17%
0.53%
0.00%
-0.15%
5.04%
1.12%
1.18%
0.09%
Ulster
-2.34%
-2.51%
NA
6.00%
-2.04%
-0.91%
-1.17%
1.42%
-1.41%
0.64%
5.57%
1.64%
8.04%
1.96%
1.93%
2.12%
5.61%
1.71%
1.39%
0.21%
1.39%
0.53%
11.54%
1.94%
1.99%
0.51%
5/28/2008
Westchester
-0.77%
NA
2.10%
2.24%
-1.68%
-1.07%
-0.65%
0.50%
-2.51%
1.40%
2.23%
0.27%
4.92%
1.71%
1.56%
NA
3.13%
1.09%
0.52%
1.28%
1.95%
-0.09%
8.66%
1.12%
1.13%
0.30%
50
Columbia
4.39%
3.50%
NA
2.95%
-2.26%
-4.67%
0.77%
0.24%
-6.37%
-5.40%
0.64%
5.71%
NA
1.76%
5.87%
1.36%
3.58%
5.21%
2.94%
-2.36%
-2.62%
0.61%
0.14%
0.74%
0.96%
-0.03%
Data Source: NYS Department of Labor QCEW Series
Compiled By: Marist College Bureau of Economic Research
Total, All Government
Total, All Private
Total, All Industries
Unclassified
Local Government
State Government
Federal Government
Other Services
Accommodation and Food Services
Arts, Entertainment, and Recreation
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
Management of Companies and Enterprises
Professional and Technical Services
Real Estate and Rental and Leasing
Finance and Insurance
Information
Transportation and Warehousing
Retail Trade
Wholesale Trade
Manufacturing
Construction
Utilities
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Dutchess
3.05%
8.87%
NA
3.94%
-2.95%
3.08%
0.23%
5.01%
-0.18%
1.29%
-3.14%
2.80%
22.11%
2.92%
4.34%
1.10%
6.25%
2.64%
2.13%
-8.81%
-1.55%
1.32%
3.26%
0.98%
1.28%
-0.28%
Greene
-5.58%
NA
NA
7.91%
1.82%
4.90%
1.88%
2.67%
-2.27%
1.14%
5.86%
-7.35%
NA
-0.60%
8.85%
2.81%
-0.62%
1.72%
4.35%
-3.37%
0.11%
0.90%
0.75%
1.52%
1.96%
0.52%
Orange
0.58%
-7.04%
0.71%
2.62%
-3.74%
0.18%
2.02%
1.92%
0.10%
-0.13%
5.32%
3.92%
-2.28%
5.58%
1.02%
3.86%
2.69%
0.27%
2.40%
-1.15%
-3.29%
1.03%
10.10%
1.37%
1.70%
0.16%
Putnam
-8.14%
NA
NA
5.24%
3.45%
5.34%
1.20%
1.36%
1.98%
-2.52%
-2.48%
3.22%
NA
13.03%
5.65%
4.44%
1.44%
1.56%
1.01%
-3.12%
-1.49%
1.54%
10.57%
2.69%
3.02%
1.25%
Rockland
8.40%
NA
1.12%
2.99%
-0.37%
0.80%
-0.32%
1.26%
-4.61%
-0.71%
-1.87%
2.95%
4.88%
2.25%
-1.46%
1.41%
0.78%
0.86%
1.47%
-2.75%
3.31%
1.27%
13.43%
0.91%
0.74%
1.66%
Hudson Valley Summary
Growth in Average Employment by Three Digit NACIS
Years 2002-2006
Sullivan
1.35%
10.53%
NA
9.79%
5.73%
0.75%
-0.77%
-1.19%
-1.49%
-3.19%
0.79%
2.92%
4.75%
7.23%
1.49%
0.33%
23.30%
-3.27%
-3.80%
-2.23%
0.62%
-0.11%
-1.44%
0.53%
0.73%
-0.06%
Ulster
9.08%
8.53%
NA
5.60%
-6.65%
-1.36%
0.47%
-0.28%
-15.81%
2.40%
7.36%
-0.23%
22.63%
10.53%
2.35%
0.11%
5.05%
-0.52%
1.49%
-1.51%
-2.07%
1.00%
8.85%
0.14%
0.18%
-0.01%
5/28/2008
Westchester
-2.62%
NA
-2.49%
1.50%
-2.96%
-1.39%
0.71%
4.70%
-3.19%
5.05%
1.54%
-0.84%
5.35%
0.07%
2.13%
NA
-2.92%
0.63%
1.55%
-1.58%
0.83%
0.08%
4.47%
0.64%
0.76%
0.01%
51
Columbia
7.85%
12.29%
NA
4.37%
1.46%
-0.33%
4.92%
1.41%
-5.45%
-5.22%
3.47%
8.79%
NA
12.95%
12.40%
6.75%
5.09%
8.48%
6.14%
1.33%
1.72%
1.54%
4.23%
3.63%
4.30%
1.60%
Data Source: NYS Department of Labor QCEW Series
Compiled By: Marist College Bureau of Economic Research
Total, All Government
Total, All Private
Total, All Industries
Unclassified
Local Government
State Government
Federal Government
Other Services
Accommodation and Food Services
Arts, Entertainment, and Recreation
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
Management of Companies and Enterprises
Professional and Technical Services
Real Estate and Rental and Leasing
Finance and Insurance
Information
Transportation and Warehousing
Retail Trade
Wholesale Trade
Manufacturing
Construction
Utilities
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Dutchess
8.86%
7.77%
NA
8.77%
0.35%
6.29%
3.25%
3.10%
2.50%
5.28%
0.63%
5.98%
23.47%
6.82%
6.49%
5.18%
4.56%
5.45%
6.35%
-1.39%
1.16%
8.62%
13.00%
4.05%
3.81%
5.03%
Greene
-5.69%
NA
NA
9.21%
7.16%
9.01%
6.17%
6.10%
-1.92%
8.70%
10.52%
-8.47%
NA
8.92%
25.29%
6.69%
2.18%
5.07%
8.03%
1.55%
4.08%
6.00%
-3.06%
5.18%
5.36%
4.92%
Orange
3.55%
0.48%
5.59%
3.67%
-0.92%
4.24%
4.62%
4.18%
3.38%
5.47%
8.60%
7.22%
-0.12%
10.75%
10.72%
9.87%
4.71%
4.66%
5.64%
3.30%
-1.43%
7.08%
17.00%
5.16%
5.20%
5.04%
Putnam
1.76%
NA
NA
8.74%
4.96%
5.20%
4.73%
2.20%
4.52%
3.68%
4.72%
8.71%
NA
13.66%
25.45%
9.75%
2.67%
1.44%
4.67%
0.70%
-0.42%
6.04%
13.16%
6.35%
6.59%
5.61%
Rockland
18.60%
NA
1.78%
4.77%
3.07%
4.45%
1.10%
4.80%
3.44%
3.13%
-2.06%
4.97%
14.77%
3.55%
0.70%
6.13%
-0.47%
4.13%
4.35%
1.33%
4.19%
5.06%
17.31%
4.17%
4.02%
4.75%
Hudson Valley Summary
Growth in Total Compensation by Three Digit NACIS
Years 2002-2006
Sullivan
8.80%
15.40%
NA
16.86%
8.84%
5.57%
2.20%
1.78%
-6.90%
3.13%
5.30%
5.47%
7.51%
11.72%
4.90%
2.79%
34.67%
-0.21%
-0.61%
1.42%
-4.28%
4.38%
5.26%
3.53%
4.50%
1.75%
Ulster
13.08%
9.35%
NA
8.89%
-1.17%
3.02%
3.43%
1.95%
-3.14%
7.27%
15.19%
3.93%
33.83%
19.51%
5.94%
3.94%
10.37%
2.68%
6.37%
3.01%
2.26%
7.69%
14.42%
5.02%
4.76%
5.64%
5/28/2008
Westchester
1.60%
NA
0.08%
3.87%
3.04%
3.19%
2.07%
15.67%
0.25%
11.37%
7.37%
3.01%
12.46%
7.80%
5.25%
NA
1.79%
4.48%
5.51%
3.49%
1.85%
5.75%
6.62%
5.52%
5.58%
5.18%
52
Columbia
3.32%
8.48%
NA
1.38%
3.82%
4.56%
4.11%
1.17%
0.99%
0.19%
2.81%
2.92%
NA
10.99%
6.17%
5.32%
1.46%
3.11%
3.11%
3.79%
4.46%
0.93%
4.08%
2.87%
3.31%
1.64%
Data Source: NYS Department of Labor QCEW Series
Compiled By: Marist College Bureau of Economic Research
Total, All Government
Total, All Private
Total, All Industries
Unclassified
Local Government
State Government
Federal Government
Other Services
Accommodation and Food Services
Arts, Entertainment, and Recreation
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
Management of Companies and Enterprises
Professional and Technical Services
Real Estate and Rental and Leasing
Finance and Insurance
Information
Transportation and Warehousing
Retail Trade
Wholesale Trade
Manufacturing
Construction
Utilities
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Dutchess
5.64%
-1.01%
NA
4.65%
3.39%
3.12%
3.01%
-1.82%
2.68%
3.94%
3.89%
3.09%
1.11%
3.80%
2.07%
4.04%
-1.59%
2.73%
4.14%
8.14%
2.75%
7.20%
9.43%
3.04%
2.49%
5.33%
Greene
-0.12%
NA
NA
1.21%
5.25%
3.92%
4.21%
3.34%
0.36%
7.47%
4.40%
-1.20%
NA
9.58%
15.10%
3.77%
2.82%
3.29%
3.53%
5.09%
3.96%
5.06%
-3.78%
3.61%
3.34%
4.38%
Orange
2.96%
8.08%
4.84%
1.03%
2.93%
4.05%
2.55%
2.22%
3.27%
5.61%
3.12%
3.18%
2.21%
4.89%
9.61%
5.78%
1.96%
4.38%
3.17%
4.51%
1.92%
5.99%
6.27%
3.74%
3.44%
4.88%
Putnam
10.78%
NA
NA
3.32%
1.47%
-0.13%
3.49%
0.83%
2.49%
6.37%
7.38%
5.31%
NA
0.56%
18.75%
5.09%
1.21%
-0.12%
3.63%
3.94%
1.08%
4.43%
2.34%
3.57%
3.47%
4.31%
Rockland
9.41%
NA
0.65%
1.73%
3.45%
3.62%
1.43%
3.50%
8.44%
3.86%
-0.20%
1.97%
9.43%
1.27%
2.19%
4.65%
-1.24%
3.24%
2.84%
4.19%
0.85%
3.75%
3.43%
3.24%
3.26%
3.04%
Hudson Valley Summary
Growth in Average Compensation by Three Digit NACIS
Years 2002-2006
Sullivan
7.35%
4.40%
NA
6.44%
2.94%
4.78%
3.00%
3.01%
-5.49%
6.53%
4.48%
2.48%
2.63%
4.19%
3.36%
2.45%
9.23%
3.17%
3.32%
3.74%
-4.87%
4.50%
6.80%
2.98%
3.75%
1.81%
Ulster
3.66%
0.76%
NA
3.12%
5.88%
4.44%
2.95%
2.24%
15.05%
4.76%
7.29%
4.17%
9.13%
8.12%
3.51%
3.83%
5.07%
3.22%
4.80%
4.59%
4.43%
6.62%
5.12%
4.88%
4.57%
5.65%
5/28/2008
Westchester
4.34%
NA
2.64%
2.34%
6.18%
4.65%
1.34%
10.47%
3.55%
6.02%
5.75%
3.88%
6.74%
7.72%
3.05%
NA
4.85%
3.83%
3.89%
5.16%
1.01%
5.67%
2.06%
4.84%
4.78%
5.17%
Columbia County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
Population
2003
2004
2005
2006
Growth
62,881
62,844
63,018
62,944
62,590
-0.08%
$27,910
$28,751
$31,305
$32,451
$34,687
5.72%
Earnings by place of work
$866,518
$902,959
$999,811
$1,005,059
$1,033,524
4.70%
less: Contributions for
government social insurance
$104,434
$107,204
$118,123
$118,229
$122,137
4.20%
Employee & self-employed
contrib. for govt. soc. ins.
$51,158
$52,680
$58,230
$59,498
$61,993
5.19%
Employer contributions for govt.
social insurance
$53,276
$54,524
$59,893
$58,731
$60,144
3.22%
plus: Adjustment for residence
$325,811
$337,180
$341,768
$369,648
$395,533
4.91%
$1,087,895
$1,132,935
$1,223,456
$1,256,478
$1,306,920
4.82%
plus: Dividends, interest, and rent
$323,496
$315,566
$370,031
$397,468
$445,846
9.11%
plus: Personal current transfer
receipts
$343,625
$358,313
$379,305
$388,656
$418,276
4.86%
$1,755,016
$1,806,814
$1,972,792
$2,042,602
$2,171,042
5.63%
Earnings by place of work
$866,518
$902,959
$999,811
$1,005,059
$1,033,524
4.70%
Wage and salary disbursements
$629,871
$640,680
$707,917
$691,054
$711,713
3.25%
Supplements to wages and
salaries
Per Capita Income
equals: Net earnings by place of
residence
equals: Total Personal Income
$136,398
$148,336
$168,774
$172,783
$177,715
7.06%
Employer contrib. for employee
pension & insur. funds
$83,122
$93,812
$108,881
$114,052
$117,571
9.30%
Employer contributions for govt.
social insurance
$53,276
$54,524
$59,893
$58,731
$60,144
3.22%
$100,249
$113,943
$123,120
$141,222
$144,096
9.86%
-$1,331
$6,650
$3,020
$4,891
$1,695
NM
Nonfarm proprietors' income
$101,580
$107,293
$120,100
$136,331
$142,401
9.58%
Earnings by place of work
$866,518
$902,959
$999,811
$1,005,059
$1,033,524
4.70%
Proprietors' income
Farm proprietors' income
Farm earnings
$26,036
$30,003
$26,043
$23,935
$21,591
-5.83%
Nonfarm earnings: Private and
Government
$840,482
$872,956
$973,768
$981,124
$1,011,933
5.00%
Government
$200,466
$198,475
$216,432
$231,472
$228,803
4.27%
Data: BEA
Complied by: Bureau of Economic Research, Marist College
53
5/28/2008
54
0.00%
1.18%
Federal Government
State Government
Local Government
2.12%
0.68%
Total, All Industries
Total, All Private
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
2.06%
Total, All Government
10.02%
0.00%
Other Services
Unclassified
1.22%
-0.20%
Accommodation and Food Services
0.63%
Arts, Entertainment, and Recreation
184.02%
183.33%
183.52%
169.29%
180.53%
192.75%
182.11%
176.21%
168.22%
184.39%
186.00%
189.64%
4.22%
3.94%
Educational Services
183.70%
NA
206.52%
178.12%
173.09%
171.99%
183.72%
178.94%
174.19%
180.81%
189.86%
201.59%
192.51%
Average
Employment
Growth (within
Industry)
3.26%
Health Care and Social Assistance
Administrative and Waste Services
NA
6.27%
Professional and Technical Services
Management of Companies and Enterprises
0.89%
Real Estate and Rental and Leasing
0.86%
Information
-2.50%
-4.70%
Transportation and Warehousing
Finance and Insurance
-0.93%
0.00%
Manufacturing
-1.77%
6.89%
Construction
Wholesale Trade
2.26%
Mining
Retail Trade
-0.89%
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
1.60%
4.30%
3.63%
4.23%
1.54%
1.72%
1.33%
6.14%
8.48%
5.09%
6.75%
12.40%
12.95%
NA
8.79%
3.47%
-5.22%
-5.45%
1.41%
4.92%
-0.33%
1.46%
4.37%
12.29%
7.85%
1.64%
3.31%
2.87%
4.08%
0.93%
4.46%
3.79%
3.11%
3.11%
1.46%
5.32%
6.17%
10.99%
NA
2.92%
2.81%
0.19%
0.99%
1.17%
4.11%
4.56%
3.82%
1.38%
8.48%
3.32%
NM
NM
NM
21
15
1
4
20
22
18
12
19
13
5
3
17
7
6
11
16
9
8
10
2
14
5/28/2008
NM
NM
NM
21
1
9
19
10
5
17
2
16
12
18
8
20
14
15
11
3
13
4
7
22
6
Average Wages by
Level Change in Avg.
Growth in Total
Growth in Average Industry (2006) Ranked Employ. by Industry (20062002) Ranked from
Compensation (within Compensation per
from Highest (1) to
job (within Industry)
Highest (1) to Lowest (22)
Industry)
Lowest (22)
Columbia County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
55
70
55
146
Finance and Insurance
Real Estate and Rental and Leasing
Professional and Technical Services
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
87
1,707
Total, All Private
62
Unclassified
1,794
50
Local Government
Total, All Industries
8
State Government
29
156
Other Services
Federal Government
48
147
Arts, Entertainment, and Recreation
Accommodation and Food Services
151
20
Educational Services
Health Care and Social Assistance
72
Administrative and Waste Services
6
47
Management of Companies and Enterprises
44
Information
262
Transportation and Warehousing
Retail Trade
78
87
1,705
1,792
57
50
8
29
155
142
53
149
21
78
0
153
58
70
45
39
257
65
78
65
Manufacturing
4
66
Wholesale Trade
4
69
2003
210
2002
208
Construction
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
87
1,764
1,851
69
50
8
29
152
144
56
159
23
80
9
161
59
69
48
40
253
62
76
233
5
66
2005
Columbia County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
89
1,793
1,882
89
52
8
29
150
148
50
169
24
79
9
177
57
65
49
36
240
63
78
239
5
68
2006
89
1,849
1,938
80
52
8
29
157
153
51
172
23
84
10
184
58
64
47
36
248
63
78
272
4
65
Growth
5/28/2008
0.68%
2.12%
2.06%
10.02%
1.18%
0.00%
0.00%
-0.20%
1.22%
0.63%
3.94%
4.22%
3.26%
NA
6.27%
0.89%
-2.50%
0.86%
-4.70%
-1.77%
-0.93%
0.00%
6.89%
2.26%
-0.89%
56
801
3,655
State Government
Local Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
4,651
16,113
Total, All Private
Total, All Government
20,764
Total, All Industries
79
195
Federal Government
Unclassified
593
Accommodation and Food Services
Other Services
260
1,188
Arts, Entertainment, and Recreation
Educational Services
3,614
453
248
Administrative and Waste Services
Health Care and Social Assistance
273
Management of Companies and Enterprises
175
169
588
Real Estate and Rental and Leasing
Professional and Technical Services
452
458
Finance and Insurance
4,771
16,173
20,944
69
3,797
794
180
600
1,242
265
3,638
264
493
0
632
373
426
468
559
2,714
575
2,060
843
36
939
Transportation and Warehousing
2,708
2003
Information
Retail Trade
564
2,161
Wholesale Trade
Manufacturing
32
888
821
2002
Construction
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
4,785
16,705
21,490
74
3,813
795
177
637
1,249
287
3,710
293
487
305
651
183
426
388
552
2,815
551
2,134
896
36
1,001
Columbia County
Average Employment by Three Digit NACIS
Years 2002-2006
161,993,063
502,138,634
664,131,697
1,383,535
106,529,925
48,488,125
6,975,013
13,148,641
15,566,504
6,888,426
121,911,936
6,931,002
13,668,980
8,479,487
29,216,934
4,468,148
15,723,637
14,555,755
17,661,009
71,679,952
19,066,395
78,832,323
27,327,098
1,676,198
31,634,120
2005
2006
4,665
16,697
21,362
79
3,791
697
177
644
1,473
300
3,778
312
500
211
740
176
373
321
529
2,814
480
1,929
933
37
1,036
Growth
5/28/2008
184.02%
183.33%
183.52%
169.29%
180.53%
192.75%
182.11%
176.21%
168.22%
184.39%
186.00%
189.64%
183.70%
0.00%
206.52%
178.12%
173.09%
171.99%
183.72%
178.94%
174.19%
180.81%
189.86%
201.59%
192.51%
57
$18,482
$17,938
$28,720
$27,419
$33,228
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$26,008
$29,360
Local Government
$38,580
$30,994
$28,766
$29,273
$53,118
$37,246
$49,902
$19,351
Federal Government
$19,653
Other Services
$11,137
$24,039
$28,376
$20,105
$23,456
$0
$39,028
$39,264
$32,054
$24,639
State Government
$23,839
$10,791
Accommodation and Food Services
$27,111
Health Care and Social Assistance
Arts, Entertainment, and Recreation
$20,635
$18,473
Administrative and Waste Services
Educational Services
$34,704
Management of Companies and Enterprises
$23,449
$24,490
$38,563
Finance and Insurance
$40,786
$42,518
Information
Real Estate and Rental and Leasing
$31,741
Transportation and Warehousing
Professional and Technical Services
$47,172
$23,054
Retail Trade
$36,445
$33,835
$34,419
$32,975
$30,245
$30,820
Construction
$39,331
$29,437
Wholesale Trade
$39,090
2003
Manufacturing
$26,807
Agriculture, Forestry, Fishing & Hunting
2002
Mining
Industry by Three Digit NACIS
$41,651
$24,248
$38,230
$40,868
$34,642
$25,132
$35,131
$37,798
$32,342
$40,805
$28,700
$32,613
$31,015
$31,371
$18,232
$27,153
$56,802
$41,608
$19,790
$11,675
$23,793
$30,499
$21,919
$26,576
$114,555
2004
Columbia County
Average Wages by Three Digit NACIS
Years 2002-2006
$34,270
$30,313
$31,192
$19,765
$28,400
$60,309
$40,552
$19,336
$11,591
$24,341
$32,006
$23,495
$28,359
$41,163
$42,039
$25,978
$40,214
$42,811
$33,011
$26,401
$38,753
$38,343
$31,303
$44,110
$29,844
2005
2006
$34,272
$31,434
$32,054
$21,189
$29,423
$58,239
$43,749
$22,910
$12,325
$25,466
$33,083
$23,052
$31,610
$43,419
$45,382
$26,727
$42,169
$42,771
$33,157
$27,241
$35,316
$40,466
$33,878
$55,462
$31,342
Growth
5/28/2008
1.64%
3.31%
2.87%
4.08%
0.93%
4.46%
3.79%
3.11%
3.11%
1.46%
5.32%
6.17%
10.99%
NA
2.92%
2.81%
0.19%
0.99%
1.17%
4.11%
4.56%
3.82%
1.38%
8.48%
3.32%
Dutchess County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
2003
2004
2005
2006
Growth
Population
286,875
289,334
291,051
292,018
292,202
0.46%
Per Capita Income
$32,057
$32,945
$34,703
$37,103
$39,803
5.67%
$5,982,475
$6,200,842
$6,432,115
$6,827,745
$7,083,572
4.44%
$714,418
$744,136
$773,461
$815,314
$844,256
4.34%
$338,590
$349,976
$362,841
$384,753
$399,391
4.34%
$375,828
$394,160
$410,620
$430,561
$444,865
4.35%
$1,338,520
$1,370,111
$1,543,245
$1,603,960
$1,861,252
8.51%
$6,606,577
$6,826,817
$7,201,899
$7,616,391
$8,100,568
5.31%
$1,268,504
$1,325,762
$1,422,686
$1,699,059
$1,898,642
11.12%
$1,321,321
$1,379,479
$1,475,764
$1,519,299
$1,631,232
5.32%
$9,196,402
$9,532,058
$10,100,349
$10,834,749 $11,630,442
6.16%
$5,982,475
$6,200,842
$6,432,115
$6,827,745
$7,083,572
4.44%
$4,566,224
$4,704,394
$4,878,989
$5,115,717
$5,314,834
3.95%
$989,531
$1,069,572
$1,116,588
$1,207,877
$1,249,577
6.06%
$613,703
$675,412
$705,968
$777,316
$804,712
7.06%
$375,828
$394,160
$410,620
$430,561
$444,865
4.35%
$426,720
$426,876
$436,538
$504,151
$519,161
5.74%
-$4,447
-$443
-$1,865
$336
$602
NM
$431,167
$427,319
$438,403
$503,815
$518,559
5.48%
$5,982,475
$6,200,842
$6,432,115
$6,827,745
$7,083,572
4.44%
Earnings by place of work
less: Contributions for
government social insurance
Employee & self-employed
contrib. for govt. soc. ins.
Employer contributions for
govt. social insurance
plus: Adjustment for
residence
equals: Net earnings by
place of residence
plus: Dividends, interest,
and rent
plus: Personal current
transfer receipts
equals: Total Personal
Income
Earnings by place of work
Wage and salary
disbursements
Supplements to wages and
salaries
p y
employee pension & insur.
funds
Employer contributions for
govt. social insurance
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
Nonfarm earnings: Private
and Government
$6,574
$8,966
$7,410
$8,017
$8,627
4.41%
$5,975,901
$6,191,876
$6,424,705
$6,819,728
$7,074,945
4.44%
Government
$1,094,532
$1,138,273
$1,222,668
$1,361,683
$1,402,793
6.99%
Data: BEA
Complied by: Bureau of Economic Research, Marist College
58
5/28/2008
59
0.47%
2.75%
7.94%
State Government
Local Government
Unclassified
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
2.35%
1.74%
Federal Government
Total, All Government
2.26%
Other Services
2.61%
4.54%
Accommodation and Food Services
2.62%
4.01%
Arts, Entertainment, and Recreation
Total, All Industries
1.61%
Health Care and Social Assistance
Total, All Private
5.26%
3.57%
Educational Services
Management of Companies and Enterprises
Administrative and Waste Services
0.50%
6.84%
Professional and Technical Services
0.64%
4.30%
Finance and Insurance
-1.59%
Information
Real Estate and Rental and Leasing
0.08%
4.44%
Transportation and Warehousing
1.75%
Wholesale Trade
Retail Trade
4.99%
-0.19%
NA
Utilities
Manufacturing
0.69%
Construction
0.11%
Mining
Industry by Three Digit NACIS
Agriculture, Forestry, Fishing & Hunting
Growth in the
Number of Firms
(within industry)
-0.28%
1.28%
0.98%
3.26%
1.32%
-1.55%
-8.81%
2.13%
2.64%
6.25%
1.10%
4.34%
2.92%
22.11%
2.80%
-3.14%
1.29%
-0.18%
5.01%
0.23%
3.08%
-2.95%
3.94%
NA
8.87%
3.05%
5.03%
3.81%
4.05%
13.00%
8.62%
1.16%
-1.39%
6.35%
5.45%
4.56%
5.18%
6.49%
6.82%
23.47%
5.98%
0.63%
5.28%
2.50%
3.10%
3.25%
6.29%
0.35%
8.77%
NA
7.77%
8.86%
5.33%
2.49%
3.04%
9.43%
7.20%
2.75%
8.14%
4.14%
2.73%
-1.59%
4.04%
2.07%
3.80%
1.11%
3.09%
3.89%
3.94%
2.68%
-1.82%
3.01%
3.12%
3.39%
4.65%
NA
-1.01%
5.64%
Average
Growth inTotal
Growth in Average
Employment Growth Compensation (within Compensation per
(within Industry)
Industry)
job (within Industry)
NM
NM
NM
17
10
6
7
20
22
21
12
13
15
4
8
16
5
11
14
19
2
1
9
23
3
18
5/28/2008
NM
NM
NM
21
4
6
18
12
5
15
1
7
9
19
10
17
13
16
11
3
14
2
8
23
22
20
Average Wages by
Level Change in Avg.
Industry (2006)
Employ. By industry (2006Ranked from Highest
2002) Ranked from
(1) to Lowest (23)
Highest (1) to Lowest (23)
Dutchess County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
60
278
Wholesale Trade
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
243
7,171
Total, All Private
277
Unclassified
7,414
172
Local Government
Total, All Industries
50
678
Other Services
21
548
Accommodation and Food Services
Federal Government
123
State Government
766
Arts, Entertainment, and Recreation
97
352
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
29
721
Professional and Technical Services
Management of Companies and Enterprises
394
318
Real Estate and Rental and Leasing
146
Information
Finance and Insurance
118
Transportation and Warehousing
1,010
212
Manufacturing
Retail Trade
NA
987
Construction
16
Mining
Utilities
95
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2003
247
7,204
7,451
307
173
22
52
689
557
125
765
96
364
31
705
325
382
134
114
996
285
202
1,014
NA
14
92
2004
255
7,461
7,716
321
180
22
53
704
588
130
805
104
392
30
709
353
394
129
122
1,003
298
196
1,070
12
14
90
2005
Dutchess County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
262
7,687
7,949
386
188
21
53
727
615
137
805
106
411
35
713
360
403
126
125
1,006
291
202
1,116
13
15
95
2006
265
7,900
8,165
362
189
22
54
738
651
143
809
110
428
38
735
373
396
139
140
1,009
300
210
1,200
NA
16
94
Growth
0.11%
5/28/2008
2.35%
2.62%
2.61%
7.94%
2.75%
0.47%
1.74%
2.26%
4.54%
4.01%
1.61%
3.57%
5.26%
6.84%
0.50%
4.30%
0.64%
-1.59%
4.44%
0.08%
1.75%
-0.19%
4.99%
NA
0.69%
61
NA
1,852
1,711
3,494
Real Estate and Rental and Leasing
Professional and Technical Services
22,300
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
91,049
113,349
Total, All Private
Total, All Industries
330
Local Government
Unclassified
7,307
13,305
State Government
3,317
3,185
1,688
6,979
Accommodation and Food Services
Other Services
7,177
1,603
Federal Government
16,026
16,243
Health Care and Social Assistance
Arts, Entertainment, and Recreation
22,001
92,360
114,361
392
13,359
7,065
1,577
1,719
6,040
5,672
Educational Services
5,121
4,501
405
3,584
1,763
2,993
1,903
2,809
13,973
2,032
16,228
Administrative and Waste Services
339
2,914
Management of Companies and Enterprises
2,004
Finance and Insurance
2,981
14,071
Information
Transportation and Warehousing
Retail Trade
Wholesale Trade
16,714
Manufacturing
5,605
NA
5,224
Construction
Utilities
135
110
521
Mining
2003
495
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
22,040
94,131
116,171
351
13,832
6,920
1,288
3,467
7,599
1,804
16,670
6,295
5,310
385
3,552
1,607
2,937
1,961
3,041
14,411
2,078
15,752
5,555
693
136
529
Dutchess County
Average Employment by Three Digit NACIS
Years 2002-2006
2005
22,300
95,108
117,408
379
14,146
6,925
1,229
3,482
7,719
1,904
16,719
6,392
5,148
675
3,837
1,534
3,005
1,911
3,329
14,335
2,096
15,287
5,973
687
155
542
2006
21,841
95,627
117,468
394
13,809
6,826
1,206
3,454
7,667
2,062
16,796
6,818
5,183
713
3,876
1,564
3,100
1,982
3,496
14,055
2,122
14,830
6,138
NA
157
564
Growth
5/28/2008
-0.28%
1.28%
0.98%
3.26%
1.32%
-1.55%
-8.81%
2.13%
2.64%
6.25%
1.10%
4.34%
2.92%
22.11%
2.80%
-3.14%
1.29%
-0.18%
5.01%
0.23%
3.08%
-2.95%
3.94%
NA
8.87%
3.05%
62
$22,217
$32,388
$31,365
$19,990
$13,747
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
$20,944
$38,221
$38,294
$37,919
Local Government
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$46,859
$33,013
State Government
$21,769
$27,371
$37,895
$52,063
Management of Companies and Enterprises
Administrative and Waste Services
Other Services
$14,208
$46,001
Federal Government
$27,721
$25,952
Real Estate and Rental and Leasing
Professional and Technical Services
$39,197
$38,961
$39,006
$20,388
$33,370
$50,106
$39,689
$19,425
$31,773
$33,392
$27,541
$51,589
$46,476
$47,305
$39,246
$40,717
$38,521
$37,533
Transportation and Warehousing
$23,573
$50,741
$45,021
$22,601
Retail Trade
Information
$50,574
Wholesale Trade
$76,293
$40,228
NA
$66,778
$21,045
2003
Finance and Insurance
$74,568
Manufacturing
NA
Utilities
$39,009
$54,023
Mining
Construction
$21,113
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
$41,497
$39,637
$39,990
$25,486
$35,309
$52,888
$46,746
$23,166
$14,215
$20,294
$32,665
$33,893
$28,507
$51,063
$48,475
$31,053
$48,334
$41,125
$38,763
$24,363
$50,538
$79,129
$41,077
$79,273
$60,447
$22,258
2004
Dutchess County
Average Wages by Three Digit NACIS
Years 2002-2006
$43,999
$40,832
$41,434
$26,630
$38,663
$54,221
$47,825
$24,501
$14,852
$18,439
$33,167
$34,917
$30,117
$53,993
$52,450
$30,160
$49,778
$41,374
$40,380
$24,993
$54,693
$82,056
$42,964
$77,150
$55,560
$23,933
2005
2006
$46,399
$42,306
$43,067
$28,759
$43,427
$51,592
$51,045
$25,386
$15,386
$18,941
$37,417
$35,081
$31,535
$53,783
$50,429
$30,104
$53,253
$42,822
$34,383
$25,459
$56,795
$84,945
$47,387
NA
$56,292
$26,047
Growth
5.64%
5/28/2008
5.33%
2.49%
3.04%
9.43%
7.20%
2.75%
8.14%
4.14%
2.73%
-1.59%
4.04%
2.07%
3.80%
1.11%
3.09%
3.89%
3.94%
2.68%
-1.82%
3.01%
3.12%
3.39%
4.65%
NA
-1.01%
Greene County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
Population
2003
2004
2005
2006
Growth
48,332
48,480
48,765
49,070
49,292
0.52%
$24,681
$26,307
$27,254
$28,076
$29,623
4.39%
Earnings by place of work
$534,790
$621,859
$628,794
$672,281
$694,296
6.18%
less: Contributions for
government social insurance
$69,366
$79,666
$80,412
$85,352
$88,117
5.63%
Employee & self-employed
contrib. for govt. soc. ins.
$34,759
$39,585
$40,263
$43,261
$44,997
6.24%
Employer contributions for govt.
social insurance
$34,607
$40,081
$40,149
$42,091
$43,120
5.01%
Per Capita Income
plus: Adjustment for residence
$294,257
$285,854
$300,427
$298,833
$323,582
2.37%
equals: Net earnings by place of
residence
$759,681
$828,047
$848,809
$885,762
$929,761
4.83%
plus: Dividends, interest, and rent
$177,493
$176,771
$194,238
$191,066
$209,956
4.22%
plus: Personal current transfer
receipts
$255,719
$270,546
$286,011
$300,854
$320,483
5.74%
$1,192,893
$1,275,364
$1,329,058
$1,377,682
$1,460,200
4.93%
Earnings by place of work
$534,790
$621,859
$628,794
$672,281
$694,296
6.18%
Wage and salary disbursements
equals: Total Personal Income
$407,860
$473,838
$469,205
$494,658
$508,844
4.97%
Supplements to wages and
salaries
$87,303
$103,882
$112,559
$124,701
$131,548
10.55%
Employer contrib. for employee
pension & insur. funds
$52,696
$63,801
$72,410
$82,610
$88,428
13.81%
Employer contributions for govt.
social insurance
$34,607
$40,081
$40,149
$42,091
$43,120
5.01%
Proprietors' income
$39,627
$44,139
$47,030
$52,922
$53,904
8.29%
$3,684
$4,950
$4,240
$4,914
$3,946
1.31%
$35,943
$39,189
$42,790
$48,008
$49,958
9.00%
$534,790
$621,859
$628,794
$672,281
$694,296
6.18%
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
$6,166
$7,068
$6,327
$6,644
$5,753
-1.99%
Nonfarm earnings: Private and
Government
$528,624
$614,791
$622,467
$665,637
$688,543
6.27%
Government
$200,892
$218,767
$245,735
$265,877
$257,205
7.14%
Data: BEA
Complied by: Bureau of Economic Research, Marist College
63
5/29/2008
64
-1.75%
-3.11%
0.00%
0.40%
Other Services
Federal Government
State Government
Local Government
1.24%
-0.62%
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
1.12%
Total, All Industries
12.04%
-1.12%
Accommodation and Food Services
Unclassified
2.90%
-1.11%
Arts, Entertainment, and Recreation
20.13%
4.82%
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
NA
5.86%
3.71%
-1.21%
Real Estate and Rental and Leasing
Professional and Technical Services
Management of Companies and Enterprises
1.14%
3.86%
Finance and Insurance
0.52%
1.96%
1.52%
0.75%
0.90%
0.11%
-3.37%
4.35%
1.72%
-0.62%
2.81%
8.85%
-0.60%
NA
-7.35%
-2.27%
2.67%
1.88%
4.73%
-1.03%
Retail Trade
4.90%
1.82%
-4.30%
3.37%
Wholesale Trade
Information
-6.29%
Manufacturing
7.91%
-5.58%
Average
Employment Growth
(within Industry)
Transportation and Warehousing
5.15%
-12.09%
Construction
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
4.92%
5.36%
5.18%
-3.06%
6.00%
4.08%
1.55%
8.03%
5.07%
2.18%
6.69%
25.29%
8.92%
NA
-8.47%
10.52%
8.70%
-1.92%
6.10%
6.17%
9.01%
7.16%
9.21%
-5.69%
Growth inTotal
Compensation
(within Industry)
4.38%
3.34%
3.61%
-3.78%
5.06%
3.96%
5.09%
3.53%
3.29%
2.82%
3.77%
15.10%
9.58%
NA
-1.20%
4.40%
7.47%
0.36%
3.34%
4.21%
3.92%
5.25%
1.21%
-0.12%
NM
NM
NM
20
10
1
4
18
21
19
11
16
17
2
6
12
9
5
15
14
7
3
8
13
5/29/2008
NM
NM
NM
19
1
4
17
11
3
8
5
20
15
21
12
16
13
14
10
2
9
6
7
18
Average Wages by
Level Change in Avg.
Growth in Average
Industry (2006)
Employ. By industry (2006Compensation per job Ranked from Highest
2002) Ranked from
(within Industry)
Highest (1) to Lowest (21)
(1) to Lowest (21)
Greene County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
65
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
80
1,239
1,159
Total, All Private
44
Unclassified
Total, All Industries
8
49
State Government
Local Government
Total, All Government
112
187
82
1,149
1,231
42
50
8
112
Other Services
24
192
Accommodation and Food Services
38
23
75
37
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Federal Government
36
NA
80
35
Administrative and Waste Services
9
NA
Management of Companies and Enterprises
83
32
46
22
26
191
6
84
Professional and Technical Services
Educational Services
44
34
Real Estate and Rental and Leasing
22
Finance and Insurance
28
Transportation and Warehousing
198
Information
Retail Trade
40
33
44
35
Manufacturing
12
Wholesale Trade
14
2003
155
2002
152
Construction
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
12
81
1,161
1,242
46
50
8
23
111
181
38
87
11
38
NA
82
34
50
22
25
190
34
38
162
2005
Greene County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
8
79
1,188
1,267
60
50
8
21
111
178
38
81
12
42
5
81
35
52
19
28
193
39
35
171
2006
9
79
1,212
1,291
65
50
8
21
103
186
35
86
13
41
5
80
39
50
19
34
187
38
34
186
Growth
5/29/2008
-0.62%
1.24%
1.12%
12.04%
0.40%
0.00%
-3.11%
-1.75%
-1.12%
-1.11%
2.90%
20.13%
4.82%
NA
-1.21%
3.71%
3.86%
-4.30%
4.73%
-1.03%
3.37%
-6.29%
5.15%
-12.09%
66
NA
163
Management of Companies and Enterprises
Administrative and Waste Services
50
4,087
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
9,226
13,313
Total, All Private
Total, All Industries
Unclassified
1,385
1,427
2,538
State Government
Local Government
4,154
9,793
13,947
58
2,651
118
122
388
1,593
Federal Government
1,516
Accommodation and Food Services
755
349
787
Arts, Entertainment, and Recreation
1,058
51
177
NA
769
102
252
230
374
1,836
Other Services
989
Health Care and Social Assistance
40
377
Professional and Technical Services
Educational Services
297
102
Real Estate and Rental and Leasing
231
Information
Finance and Insurance
379
1,774
Transportation and Warehousing
Retail Trade
835
488
889
493
Manufacturing
91
Wholesale Trade
96
2003
647
2002
634
Construction
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
4,101
9,452
13,553
47
2,640
1,347
114
386
1,551
733
1,041
56
208
NA
387
110
293
217
370
1,881
464
855
682
79
Greene County
Average Employment by Three Digit NACIS
Years 2002-2006
2005
84
4,067
9,881
13,948
37
2,640
1,316
111
422
1,587
785
1,060
63
155
52
370
124
292
213
389
1,933
679
872
706
2006
75
4,238
10,119
14,357
65
2,660
1,472
106
414
1,654
748
1,135
55
169
51
371
123
292
214
424
1,898
531
952
888
Growth
5/29/2008
0.52%
1.96%
1.52%
0.75%
0.90%
0.11%
-3.37%
4.35%
1.72%
-0.62%
2.81%
8.85%
-0.60%
NA
-7.35%
5.86%
1.14%
-2.27%
2.67%
1.88%
4.90%
1.82%
7.91%
-5.58%
67
$36,372
$55,901
$28,485
$21,145
Federal Government
State Government
Local Government
Unclassified
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$38,293
$18,098
Other Services
Total, All Government
$11,248
Accommodation and Food Services
$28,216
$16,190
Arts, Entertainment, and Recreation
$23,752
$25,131
Health Care and Social Assistance
Total, All Private
$15,214
Educational Services
Total, All Industries
$15,980
Administrative and Waste Services
NA
$35,607
Professional and Technical Services
Management of Companies and Enterprises
$27,596
$39,812
Information
$24,914
$20,141
Transportation and Warehousing
Real Estate and Rental and Leasing
$20,061
Retail Trade
Finance and Insurance
$38,133
$31,736
Wholesale Trade
$34,164
Manufacturing
$25,432
Agriculture, Forestry, Fishing & Hunting
2002
Construction
Industry by Three Digit NACIS
$40,387
$26,760
$30,819
$14,783
$28,892
$62,687
$36,909
$19,583
$11,190
$16,902
$25,857
$15,431
$15,835
NA
$53,056
$26,816
$29,140
$41,160
$20,991
$22,479
$33,481
$41,359
$37,349
$21,146
2003
$44,882
$25,906
$31,648
$17,986
$32,032
$70,503
$39,703
$18,908
$11,735
$17,641
$28,021
$20,591
$17,072
NA
$40,115
$30,389
$31,877
$41,683
$21,976
$23,608
$35,727
$41,442
$33,117
$18,761
2004
Greene County
Average Wages by Three Digit NACIS
Years 2002-2006
$47,553
$26,726
$32,799
$15,909
$33,340
$76,697
$40,070
$20,466
$12,197
$17,318
$28,372
$27,311
$19,410
$54,981
$38,534
$31,925
$33,763
$40,784
$21,651
$23,825
$34,542
$44,750
$34,617
$19,229
2005
2006
$43,735
$28,013
$32,654
$16,809
$33,936
$61,372
$44,733
$21,056
$12,668
$18,380
$28,864
$23,100
$22,801
$51,794
$39,328
$28,313
$36,755
$40,725
$23,374
$23,947
$37,863
$47,348
$37,685
$26,516
Growth
5/29/2008
4.38%
3.34%
3.61%
-3.78%
5.06%
3.96%
5.09%
3.53%
3.29%
2.82%
3.77%
15.10%
9.58%
NA
-1.20%
4.40%
7.47%
0.36%
3.34%
4.21%
3.92%
5.25%
1.21%
-0.12%
Orange County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
Population
Per Capita Income
355,324
2003
2004
363,070
368,189
2005
370,930
2006
374,100
Growth
1.25%
$28,409
$29,017
$30,444
$31,849
$33,322
4.21%
Earnings by place of work
$5,820,961
$6,139,216
$6,536,094
$6,937,755
$7,222,187
5.69%
less: Contributions for
government social insurance
$675,529
$716,523
$758,701
$798,693
$828,158
5.30%
Employee & self-employed
contrib. for govt. soc. ins.
$321,537
$338,890
$357,902
$378,988
$393,998
5.32%
Employer contributions for govt.
social insurance
$353,992
$377,633
$400,799
$419,705
$434,160
5.27%
plus: Adjustment for residence
$2,138,512
$2,155,421
$2,267,970
$2,326,893
$2,463,394
3.66%
equals: Net earnings by place of
residence
$7,283,944
$7,578,114
$8,045,363
$8,465,955
$8,857,423
5.15%
plus: Dividends, interest, and rent
$1,235,398
$1,288,555
$1,345,087
$1,522,453
$1,662,065
7.90%
plus: Personal current transfer
receipts
$1,575,167
$1,668,392
$1,818,659
$1,825,483
$1,946,196
5.26%
$10,094,509
$10,535,061
$11,209,109
$11,813,891
$12,465,684
5.51%
Earnings by place of work
$5,820,961
$6,139,216
$6,536,094
$6,937,755
$7,222,187
5.69%
Wage and salary disbursements
$4,257,427
$4,509,930
$4,769,464
$5,016,124
$5,207,924
5.23%
Supplements to wages and
salaries
equals: Total Personal Income
$1,018,454
$1,115,764
$1,235,928
$1,353,833
$1,420,247
8.96%
Employer contrib. for employee
pension & insur. funds
$664,462
$738,131
$835,129
$934,128
$986,087
10.79%
Employer contributions for govt.
social insurance
$353,992
$377,633
$400,799
$419,705
$434,160
5.27%
Proprietors' income
$545,080
$513,522
$530,702
$567,798
$594,016
2.76%
$2,190
$3,163
$7,565
$6,485
NM
$550,414
$511,332
$527,539
$560,233
$587,531
2.24%
$5,820,961
$6,139,216
$6,536,094
$6,937,755
$7,222,187
5.69%
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
-$5,334
$16,919
$21,268
$21,898
$23,246
$22,892
7.18%
Nonfarm earnings: Private and
Government
$5,804,042
$6,117,948
$6,514,196
$6,914,509
$7,199,295
5.69%
Government
$1,646,319
$1,766,770
$1,910,585
$2,106,717
$2,214,086
7.99%
Data: BEA
Complied by: Bureau of Economic Reseach, Marist College
68
5/29/2008
69
2.23%
2.70%
3.96%
2.12%
2.30%
-0.75%
1.49%
2.05%
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Federal Government
State Government
Local Government
2.89%
1.14%
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
2.84%
Total, All Industries
12.27%
3.86%
4.77%
Administrative and Waste Services
Unclassified
1.02%
6.93%
Management of Companies and Enterprises
0.16%
1.70%
1.37%
10.10%
1.03%
-3.29%
-1.15%
2.40%
0.27%
2.69%
5.58%
-2.28%
3.92%
5.32%
-0.13%
0.10%
3.20%
-1.30%
Information
1.92%
Professional and Technical Services
0.84%
Transportation and Warehousing
2.02%
0.18%
1.02%
0.95%
4.19%
3.52%
Wholesale Trade
Retail Trade
-3.74%
Real Estate and Rental and Leasing
-0.27%
Manufacturing
2.62%
0.71%
-7.04%
0.58%
Average
Employment
Growth (within
Industry)
Finance and Insurance
6.23%
4.21%
Construction
Mining
Utilities
0.99%
-3.11%
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
5.04%
5.20%
5.16%
17.00%
7.08%
-1.43%
3.30%
5.64%
4.66%
4.71%
9.87%
10.72%
10.75%
-0.12%
7.22%
8.60%
5.47%
3.38%
4.18%
4.62%
4.24%
-0.92%
3.67%
5.59%
0.48%
3.55%
4.88%
3.44%
3.74%
6.27%
5.99%
1.92%
4.51%
3.17%
4.38%
1.96%
5.78%
9.61%
4.89%
2.21%
3.18%
3.12%
5.61%
3.27%
2.22%
2.55%
4.05%
2.93%
1.03%
4.84%
8.08%
2.96%
NM
NM
NM
19
10
4
5
20
23
22
14
16
17
1
6
15
8
9
13
18
7
12
11
2
3
21
5/29/2008
NM
NM
NM
21
2
14
8
9
4
18
3
16
12
19
11
17
13
15
10
1
6
5
7
22
23
20
Average Wages by
Level Change in Avg.
Growth inTotal
Growth in Average
Industry (2006)
Employ. By industry (2006
Compensation (within Compensation per job Ranked from Highest
2002) Ranked from
Industry)
(within Industry)
(1) to Lowest (23)
Highest (1) to Lowest (23)
Orange County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
70
12
483
335
741
Real Estate and Rental and Leasing
Professional and Technical Services
814
125
657
807
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
293
8,390
Total, All Private
302
Unclassified
8,683
Local Government
Total, All Industries
13
186
State Government
94
101
Educational Services
Federal Government
371
Administrative and Waste Services
21
461
Management of Companies and Enterprises
119
Finance and Insurance
227
Information
Transportation and Warehousing
1,351
Wholesale Trade
Retail Trade
346
Manufacturing
293
8,546
8,839
403
185
13
95
798
675
126
836
100
374
22
753
347
471
109
217
1,342
481
339
1,040
10
1,024
Construction
Utilities
10
10
94
Mining
2003
89
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
305
8,833
9,138
406
197
13
95
830
694
135
857
108
401
25
782
369
482
111
216
1,380
507
338
1,075
13
9
96
2005
Orange County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
303
9,130
9,433
493
198
13
92
860
707
142
883
109
418
26
809
384
487
108
222
1,383
530
330
1,123
13
9
95
2006
305
9,362
9,667
487
199
14
92
871
713
143
905
108
443
27
837
391
477
112
234
1,395
547
346
1,211
13
9
93
Growth
0.99%
5/29/2008
1.14%
2.89%
2.84%
12.27%
2.05%
1.49%
-0.75%
2.30%
2.12%
3.96%
2.70%
2.23%
4.77%
6.93%
3.20%
4.19%
1.02%
-1.30%
0.84%
0.95%
3.52%
-0.27%
4.21%
6.23%
-3.11%
71
7,310
26,969
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
95,422
122,391
Total, All Private
Total, All Industries
379
Local Government
Unclassified
2,960
18,545
State Government
4,681
4,598
5,464
Other Services
Federal Government
8,593
7,979
Accommodation and Food Services
26,967
97,075
124,042
540
18,821
2,917
5,229
1,528
15,903
1,492
1,775
15,234
1,769
Educational Services
3,944
1,112
Arts, Entertainment, and Recreation
3,860
Administrative and Waste Services
Health Care and Social Assistance
1,084
Management of Companies and Enterprises
4,432
1,539
1,471
4,194
Real Estate and Rental and Leasing
Professional and Technical Services
3,813
2,460
3,650
2,320
4,629
20,143
7,097
8,587
4,910
576
86
867
Finance and Insurance
4,560
2003
Information
Transportation and Warehousing
19,865
Wholesale Trade
Retail Trade
9,044
Manufacturing
573
4,999
Construction
Utilities
810
89
2002
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
26,751
99,746
126,497
434
18,832
2,908
5,011
4,845
8,292
1,654
16,816
1,824
4,384
1,054
4,645
1,628
3,878
2,447
4,812
20,829
7,390
8,120
5,163
557
87
888
2005
Orange County
Average Employment by Three Digit NACIS
Years 2002-2006
27,203
100,854
128,057
525
19,114
2,925
5,164
4,907
8,394
1,653
17,311
1,823
4,712
1,003
4,787
1,795
3,885
2,352
4,696
20,860
7,403
7,804
5,452
579
71
842
2006
27,061
101,854
128,915
622
19,371
2,501
5,189
5,056
8,182
1,638
17,647
1,836
4,634
1,017
4,891
1,765
3,592
2,456
4,978
21,573
7,222
7,841
5,398
592
68
846
Growth
0.58%
5/29/2008
0.16%
1.70%
1.37%
10.10%
1.03%
-3.29%
-1.15%
2.40%
0.27%
2.69%
3.86%
1.02%
5.58%
-2.28%
3.92%
5.32%
-0.13%
0.10%
1.92%
2.02%
0.18%
-3.74%
2.62%
0.71%
-7.04%
72
$18,477
$28,137
$16,082
$12,761
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
$17,444
$31,356
$29,175
$39,074
Local Government
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$56,250
$35,101
State Government
$20,432
$21,863
Administrative and Waste Services
$43,251
$77,949
Management of Companies and Enterprises
Federal Government
$41,523
Professional and Technical Services
Other Services
$27,585
Real Estate and Rental and Leasing
$33,969
Transportation and Warehousing
$38,506
$22,399
Retail Trade
$36,466
$39,241
Wholesale Trade
Finance and Insurance
$36,995
Manufacturing
Information
$66,991
$41,106
Construction
$47,504
Mining
Utilities
$18,975
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
$40,751
$30,408
$32,656
$22,405
$36,462
$59,970
$45,467
$21,179
$12,865
$16,921
$31,250
$23,435
$22,771
$77,004
$42,142
$28,596
$38,418
$42,594
$35,115
$23,486
$41,018
$38,545
$39,749
$68,445
$53,673
$19,803
2003
$44,270
$31,432
$34,147
$23,651
$40,473
$62,797
$47,787
$21,996
$13,587
$17,199
$32,296
$25,098
$24,994
$77,235
$43,522
$28,612
$40,471
$41,950
$35,411
$24,050
$43,337
$40,139
$39,925
$74,792
$51,749
$21,692
2004
Orange County
Average Wages by Three Digit NACIS
Years 2002-2006
$45,241
$32,514
$35,218
$21,386
$41,151
$64,666
$49,374
$22,893
$14,048
$17,471
$33,776
$26,327
$25,308
$81,504
$46,492
$29,898
$44,101
$44,352
$36,122
$24,637
$44,832
$40,442
$41,347
$77,912
$61,482
$20,576
2005
2006
$47,062
$33,417
$36,281
$24,194
$44,193
$59,578
$51,740
$22,970
$15,133
$17,443
$35,851
$27,580
$26,333
$84,516
$46,227
$31,452
$44,721
$44,332
$37,384
$24,798
$45,786
$41,728
$42,419
$79,546
$65,468
$21,536
Growth
5/29/2008
4.88%
3.44%
3.74%
6.27%
5.99%
1.92%
4.51%
3.17%
4.38%
1.96%
5.78%
9.61%
4.89%
2.21%
3.18%
3.12%
5.61%
3.27%
2.22%
2.55%
4.05%
2.93%
1.03%
4.84%
8.08%
2.96%
Putnam County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
Population
Per Capita Income
Earnings by place of work
less: Contributions for
government social insurance
Employee & self-employed
contrib. for govt. soc. ins.
Employer contributions for
govt. social insurance
plus: Adjustment for residence
equals: Net earnings by place
of residence
plus: Dividends, interest, and
rent
plus: Personal current transfer
receipts
equals: Total Personal
Income
Earnings by place of work
Wage and salary
disbursements
Supplements to wages and
salaries
Employer contrib. for employee
pension & insur. funds
Employer contributions for
govt. social insurance
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
Nonfarm earnings: Private and
Government
Government
2003
2004
2005
2006
Growth
98,257
98,849
99,370
99,442
99,285
0.27%
$39,210
$40,298
$42,732
$44,743
$47,665
5.08%
$1,210,524
$1,278,901
$1,390,809
$1,474,979
$1,566,392
6.80%
$145,243
$153,517
$165,239
$174,488
$185,560
6.37%
$70,414
$74,406
$80,054
$85,147
$90,665
6.61%
$74,829
$79,111
$85,185
$89,341
$94,895
6.15%
$1,845,429
$1,883,937
$1,997,086
$2,081,062
$2,184,732
4.47%
$2,910,710
$3,009,321
$3,222,656
$3,381,553
$3,565,564
5.36%
$545,835
$561,114
$581,301
$612,492
$680,133
5.42%
$396,141
$412,982
$442,324
$455,323
$486,766
5.23%
$3,852,686
$3,983,417
$4,246,281
$4,449,368
$4,732,463
5.36%
$1,210,524
$1,278,901
$1,390,809
$1,474,979
$1,566,392
6.80%
$899,353
$943,678
$1,014,612
$1,064,645
$1,135,469
6.04%
$187,991
$205,693
$232,019
$252,054
$266,939
9.47%
$113,162
$126,582
$146,834
$162,713
$172,044
11.50%
$74,829
$79,111
$85,185
$89,341
$94,895
6.15%
$123,180
$129,530
$144,178
$158,280
$163,984
8.03%
$3,215
$1,252
$1,002
$1,173
$669
-27.42%
$119,965
$128,278
$143,176
$157,107
$163,315
8.54%
$1,210,524
$1,278,901
$1,390,809
$1,474,979
$1,566,392
6.80%
$4,592
$2,433
$2,162
$2,138
$1,680
-19.27%
$1,205,932
$1,276,468
$1,388,647
$1,472,841
$1,564,712
6.87%
$254,499
$274,665
$300,732
$324,972
$347,016
8.20%
Data: BEA
Complied by: Bureau of Economic Research, Marist College
73
5/29/2008
74
0.83%
-1.39%
2.03%
1.12%
-1.59%
0.00%
0.00%
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Federal Government
State Government
Local Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
3.02%
2.17%
-0.39%
Total, All Private
Total, All Government
1.25%
2.69%
10.57%
1.54%
-1.49%
-3.12%
1.01%
1.56%
1.44%
4.44%
5.65%
13.03%
NA
3.22%
-2.48%
-2.52%
2.13%
Total, All Industries
10.44%
7.22%
Educational Services
Unclassified
3.69%
Administrative and Waste Services
NA
3.01%
Professional and Technical Services
Management of Companies and Enterprises
0.00%
Real Estate and Rental and Leasing
1.98%
-1.32%
-0.51%
Information
1.20%
1.36%
-0.82%
-1.02%
Retail Trade
Transportation and Warehousing
Finance and Insurance
5.34%
-0.43%
Wholesale Trade
5.24%
3.45%
4.19%
-0.38%
Construction
-8.14%
1.92%
Average
Employment
Growth (within
Industry)
Manufacturing
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
5.61%
6.59%
6.35%
13.16%
6.04%
-0.42%
0.70%
4.67%
1.44%
2.67%
9.75%
25.45%
13.66%
NA
8.71%
4.72%
3.68%
4.52%
2.20%
4.73%
5.20%
4.96%
8.74%
1.76%
4.31%
3.47%
3.57%
2.34%
4.43%
1.08%
3.94%
3.63%
-0.12%
1.21%
5.09%
18.75%
0.56%
NA
5.31%
7.38%
6.37%
2.49%
0.83%
3.49%
-0.13%
1.47%
3.32%
10.78%
NM
NM
NM
19
5
2
8
18
21
20
12
14
16
1
6
13
3
4
11
17
9
7
10
15
5/29/2008
NM
NM
NM
17
1
19
18
7
6
13
2
12
9
21
8
16
11
14
15
3
10
5
4
20
Average Wages by
Level Change in Avg.
Growth inTotal
Growth in Average Industry (2006) Ranked Employ. By industry (2006Compensation (within Compensation per
from Highest (1) to
2002) Ranked from
Industry)
job (within Industry)
Lowest (21)
Highest (1) to Lowest (21)
Putnam County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
75
Administrative and Waste Services
Other Services
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
52
2,812
2,760
Total, All Industries
Total, All Private
143
35
Local Government
Unclassified
4
State Government
13
254
Accommodation and Food Services
Federal Government
66
164
Arts, Entertainment, and Recreation
226
29
167
Health Care and Social Assistance
Educational Services
7
278
Professional and Technical Services
Management of Companies and Enterprises
119
102
Real Estate and Rental and Leasing
53
Information
Finance and Insurance
50
311
Retail Trade
Transportation and Warehousing
140
Wholesale Trade
81
51
2,795
2,846
170
35
4
12
257
163
66
225
30
163
8
292
100
115
55
48
298
136
81
570
552
Construction
Manufacturing
2003
16
2002
15
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
51
2,846
2,897
172
35
4
12
261
167
66
222
34
175
6
313
103
115
54
47
297
136
78
580
18
2005
Putnam County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
51
2,931
2,982
205
35
4
12
266
173
65
226
37
181
NA
310
104
117
52
47
297
136
78
610
17
2006
51
3,001
3,052
214
35
4
12
264
176
62
235
37
190
7
313
100
115
51
48
299
137
81
655
16
Growth
5/29/2008
-0.39%
2.17%
2.13%
10.44%
0.00%
0.00%
-1.59%
1.12%
2.03%
-1.39%
0.83%
7.22%
3.69%
NA
3.01%
0.00%
-0.51%
-1.32%
-1.02%
-0.82%
-0.43%
-0.38%
4.19%
1.92%
76
4,005
Local Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
4,332
Total, All Private
Total, All Government
22,850
18,518
Total, All Industries
138
124
Unclassified
203
Other Services
State Government
1,279
Accommodation and Food Services
Federal Government
651
1,268
Arts, Entertainment, and Recreation
3,601
739
577
Administrative and Waste Services
Educational Services
Health Care and Social Assistance
190
4,450
18,801
23,251
181
4,141
120
189
1,322
1,201
737
3,707
625
828
165
1,133
1,009
Management of Companies and Enterprises
Professional and Technical Services
329
870
308
Real Estate and Rental and Leasing
859
565
Finance and Insurance
536
Information
298
2,509
2,591
326
629
717
Transportation and Warehousing
Retail Trade
Wholesale Trade
2,134
1,364
2,087
1,373
Construction
Manufacturing
2003
57
2002
81
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
4,679
19,363
24,042
161
4,373
119
187
1,323
1,246
762
3,736
713
945
63
1,166
316
910
563
289
2,619
677
1,388
2,275
59
2005
Putnam County
Average Employment by Three Digit NACIS
Years 2002-2006
4,481
20,150
24,631
178
4,182
118
181
1,370
1,292
717
4,115
699
1,103
NA
1,109
299
893
583
301
2,702
722
1,466
2,369
51
2006
4,594
20,752
25,346
230
4,301
116
177
1,321
1,321
709
4,246
718
1,181
22
1,195
285
751
582
347
2,650
868
1,569
2,557
56
Growth
5/29/2008
1.25%
3.02%
2.69%
10.57%
1.54%
-1.49%
-3.12%
1.01%
1.56%
1.44%
4.44%
5.65%
13.03%
NA
3.22%
-2.48%
-2.52%
1.98%
1.36%
1.20%
5.34%
3.45%
5.24%
-8.14%
77
$23,797
$42,354
$58,619
$46,641
$23,512
$36,681
$34,318
$46,783
Other Services
Federal Government
State Government
Local Government
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$19,931
$15,304
Arts, Entertainment, and Recreation
$35,186
Health Care and Social Assistance
Accommodation and Food Services
$28,489
$16,112
Administrative and Waste Services
Educational Services
$47,878
$35,473
$37,847
$29,398
$47,749
$59,712
$43,202
$24,524
$14,921
$19,644
$36,706
$25,833
$26,516
$83,885
$47,981
$41,379
$69,219
Professional and Technical Services
Management of Companies and Enterprises
$27,603
$47,287
$27,938
Finance and Insurance
$48,940
$50,128
$45,221
Real Estate and Rental and Leasing
$50,022
Information
$25,587
$24,716
$43,675
Retail Trade
Transportation and Warehousing
$43,922
$50,160
Wholesale Trade
$41,853
$48,504
$41,007
$49,000
Construction
$25,058
2003
$19,628
2002
Manufacturing
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
$48,866
$37,183
$39,456
$30,260
$48,664
$60,415
$46,227
$25,101
$16,201
$21,120
$40,279
$29,358
$28,601
$107,826
$45,831
$31,338
$52,237
$49,989
$41,458
$27,022
$47,003
$50,799
$45,158
$27,875
2004
Putnam County
Average Wages by Three Digit NACIS
Years 2002-2006
$52,903
$37,797
$40,545
$29,034
$53,014
$60,732
$45,247
$25,965
$15,184
$19,984
$40,305
$30,987
$27,905
NA
$47,406
$33,475
$61,857
$51,947
$43,311
$27,695
$46,446
$50,380
$44,924
$28,602
2005
2006
$54,958
$39,425
$42,240
$26,556
$54,981
$61,345
$50,214
$27,640
$15,079
$20,983
$43,033
$34,732
$28,559
$74,567
$53,932
$36,221
$57,266
$55,561
$46,503
$28,208
$48,451
$51,707
$46,605
$30,655
Growth
5/29/2008
4.31%
3.47%
3.57%
2.34%
4.43%
1.08%
3.94%
3.63%
-0.12%
1.21%
5.09%
18.75%
0.56%
NA
5.31%
7.38%
6.37%
2.49%
0.83%
3.49%
-0.13%
1.47%
3.32%
10.78%
Rockland County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
2003
2004
2005
2006
Growth
Population
292,460
294,161
294,945
294,636
295,927
0.25%
Per Capita Income
$40,734
$41,174
$44,725
$47,352
$50,947
6.05%
Earnings by place of work
$6,568,177
$6,818,530
$7,226,391
$7,660,490
$8,107,393
5.52%
less: Contributions for
government social insurance
$738,467
$769,567
$805,905
$837,473
$881,136
4.48%
Employee & self-employed
contrib. for govt. soc. ins.
$360,311
$373,314
$391,234
$412,441
$435,847
4.92%
Employer contributions for govt.
social insurance
$378,156
$396,253
$414,671
$425,032
$445,289
4.05%
plus: Adjustment for residence
$2,888,777
$2,877,929
$3,050,058
$3,204,740
$3,528,664
5.21%
equals: Net earnings by place of
residence
$8,718,487
$8,926,892
$9,470,544
$10,027,757
$10,754,921
5.51%
plus: Dividends, interest, and rent
$1,670,950
$1,585,161
$1,956,449
$2,167,705
$2,423,851
11.15%
plus: Personal current transfer
receipts
$1,523,769
$1,599,636
$1,764,436
$1,756,186
$1,897,958
5.47%
$11,913,206
$12,111,689
$13,191,429
$13,951,648
$15,076,730
6.32%
Earnings by place of work
$6,568,177
$6,818,530
$7,226,391
$7,660,490
$8,107,393
5.52%
Wage and salary disbursements
$4,565,895
$4,734,699
$4,939,734
$5,077,088
$5,347,188
3.93%
Supplements to wages and
salaries
equals: Total Personal Income
$1,002,954
$1,081,898
$1,192,393
$1,268,638
$1,328,001
7.47%
Employer contrib. for employee
pension & insur. funds
$624,798
$685,645
$777,722
$843,606
$882,712
9.40%
Employer contributions for govt.
social insurance
$378,156
$396,253
$414,671
$425,032
$445,289
4.05%
Proprietors' income
$999,328
$1,001,933
$1,094,264
$1,314,764
$1,432,204
10.42%
$1,003
$714
$526
$706
$619
-9.30%
$998,325
$1,001,219
$1,093,738
$1,314,058
$1,431,585
10.44%
$6,568,177
$6,818,530
$7,226,391
$7,660,490
$8,107,393
5.52%
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
$2,175
$1,713
$1,510
$1,517
$1,465
-8.72%
Nonfarm earnings: Private and
Government
$6,566,002
$6,816,817
$7,224,881
$7,658,973
$8,105,928
5.53%
Government
$1,096,303
$1,149,270
$1,230,843
$1,318,315
$1,440,727
7.08%
Data: BEA
Complied by: Bureau of Economic Research, Marist College
78
5/29/2008
79
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
1.65%
-0.57%
Total, All Government
-0.29%
15.47%
Local Government
Unclassified
Total, All Private
0.00%
State Government
1.60%
-1.91%
Federal Government
Total, All Industries
1.43%
Other Services
1.55%
Health Care and Social Assistance
2.13%
4.28%
Educational Services
2.61%
1.33%
Administrative and Waste Services
Accommodation and Food Services
5.24%
Arts, Entertainment, and Recreation
2.95%
-0.11%
Professional and Technical Services
Management of Companies and Enterprises
1.66%
0.74%
0.91%
13.43%
1.27%
3.31%
-2.75%
1.47%
0.86%
0.78%
1.41%
-1.46%
2.25%
4.88%
-1.87%
2.44%
-0.71%
-4.61%
Real Estate and Rental and Leasing
-3.91%
Information
1.26%
0.38%
-1.19%
Transportation and Warehousing
0.80%
-0.32%
Finance and Insurance
-0.78%
-0.46%
Wholesale Trade
Retail Trade
-0.37%
2.99%
2.78%
-1.82%
Construction
Manufacturing
1.12%
8.40%
-2.84%
16.42%
Utilities
Industry by Three Digit NACIS
Average
Employment
Growth (within
Industry)
Agriculture, Forestry, Fishing & Hunting
Growth in the
Number of Firms
(within industry)
4.75%
4.02%
4.17%
17.31%
5.06%
4.19%
1.33%
4.35%
4.13%
-0.47%
6.13%
0.70%
3.55%
14.77%
4.97%
-2.06%
3.13%
3.44%
4.80%
1.10%
4.45%
3.07%
4.77%
1.78%
18.60%
Growth inTotal
Compensation
(within Industry)
3.04%
3.26%
3.24%
3.43%
3.75%
0.85%
4.19%
2.84%
3.24%
-1.24%
4.65%
2.19%
1.27%
9.43%
1.97%
-0.20%
3.86%
8.44%
3.50%
1.43%
3.62%
3.45%
1.73%
0.65%
9.41%
NM
NM
NM
17
10
11
8
21
22
20
12
14
16
1
6
13
7
4
15
19
5
3
9
2
18
5/29/2008
NM
NM
NM
20
2
7
21
11
5
17
1
12
10
18
6
16
13
14
15
3
9
4
8
19
22
Average Wages by
Level Change in Avg.
Growth in Average Industry (2006) Ranked Employ. By industry (20062002) Ranked from
Compensation per
from Highest (1) to
job (within Industry)
Highest (1) to Lowest (22)
Lowest (22)
Rockland County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
80
674
Real Estate and Rental and Leasing
Professional and Technical Services
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
196
8,731
384
Unclassified
Total, All Private
140
Local Government
8,927
18
State Government
Total, All Industries
38
778
Other Services
Federal Government
155
556
951
Health Care and Social Assistance
Accommodation and Food Services
139
Educational Services
Arts, Entertainment, and Recreation
505
Administrative and Waste Services
23
355
1,101
Finance and Insurance
Management of Companies and Enterprises
178
485
Information
149
Transportation and Warehousing
1,147
Wholesale Trade
Retail Trade
285
Manufacturing
5
858
Utilities
Construction
6
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2003
192
8,776
8,968
462
138
18
36
794
568
156
971
142
496
24
1,087
343
464
163
157
1,130
674
267
866
6
8
2004
192
8,958
9,150
543
137
18
37
804
585
157
999
151
511
27
1,091
354
462
160
150
1,135
661
261
896
6
6
2005
Rockland County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
191
9,126
9,317
619
138
18
35
816
593
168
1,004
157
518
27
1,091
373
478
152
145
1,136
658
263
906
14
6
2006
191
9,290
9,481
681
138
18
35
824
619
166
1,010
163
528
28
1,093
384
487
151
146
1,118
656
262
962
7
6
Growth
5/29/2008
-0.57%
1.65%
1.60%
15.47%
-0.29%
0.00%
-1.91%
1.43%
2.61%
2.13%
1.55%
4.28%
1.33%
5.24%
-0.11%
2.44%
0.38%
-3.91%
-1.19%
-0.46%
-0.78%
-1.82%
2.78%
16.42%
-2.84%
81
4,586
5,040
Real Estate and Rental and Leasing
Professional and Technical Services
6,439
4,119
Accommodation and Food Services
Other Services
19,812
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
89,281
Total, All Government
109,093
Total, All Private
Total, All Industries
490
14,356
Local Government
Unclassified
4,792
State Government
664
1,229
Arts, Entertainment, and Recreation
Federal Government
16,907
3,246
Educational Services
Health Care and Social Assistance
4,322
Administrative and Waste Services
860
1,712
Finance and Insurance
Management of Companies and Enterprises
3,070
2,781
Information
2,244
14,314
Transportation and Warehousing
Retail Trade
Wholesale Trade
11,793
Manufacturing
853
71
4,802
2002
Construction
Utilities
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
557
14,584
4,749
640
4,409
6,410
1,264
17,124
3,342
4,055
911
5,237
1,575
2,762
3,142
2,511
14,449
4,860
11,210
5,083
905
75
19,973
90,320
110,293
2003
599
14,800
4,729
618
4,493
6,474
1,292
17,525
3,175
4,269
973
5,346
1,630
2,710
3,090
2,399
14,326
4,530
11,432
5,268
927
89
20,147
91,006
111,153
2004
2005
Rockland County
Average Employment by Three Digit NACIS
Years 2002-2006
20,468
91,575
112,043
701
15,018
4,849
601
4,428
6,643
1,348
17,668
3,141
4,329
1,007
5,665
1,551
2,680
2,669
2,377
14,364
4,735
11,631
5,205
905
90
2006
21,246
91,987
113,233
820
15,068
5,582
596
4,421
6,602
1,237
17,853
3,111
4,675
1,038
5,603
1,570
2,725
2,631
2,455
14,128
4,834
11,364
5,499
902
97
Growth
5/29/2008
1.66%
0.74%
0.91%
13.43%
1.27%
3.31%
-2.75%
1.47%
0.86%
0.78%
1.41%
-1.46%
2.25%
4.88%
2.95%
-1.87%
-0.71%
-4.61%
1.26%
-0.32%
0.80%
-0.37%
2.99%
1.12%
8.40%
82
$76,720
$50,400
$60,077
$55,878
$24,719
$28,669
$49,227
$52,148
$34,525
$57,607
$72,329
$29,385
$31,112
$33,240
$23,792
$16,171
$19,414
$47,281
$43,151
$43,935
$25,805
$39,510
$38,545
$43,858
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation and Warehousing
Information
Finance and Insurance
Real Estate and Rental and Leasing
Professional and Technical Services
Management of Companies and Enterprises
Administrative and Waste Services
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Federal Government
State Government
Local Government
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$21,112
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
$44,678
$39,690
$40,593
$25,812
$45,133
$42,779
$48,386
$20,044
$16,777
$22,924
$34,910
$29,803
$29,451
$70,062
$57,339
$36,238
$53,662
$53,478
$27,496
$25,645
$56,668
$64,060
$49,875
$82,054
$21,324
2003
$45,903
$41,209
$42,060
$25,294
$46,722
$42,553
$51,929
$20,305
$17,023
$22,244
$36,524
$35,151
$29,558
$81,476
$61,144
$35,127
$55,966
$57,730
$29,366
$25,776
$59,330
$66,380
$50,925
$71,557
$26,163
2004
Rockland County
Average Wages by Three Digit NACIS
Years 2002-2006
$46,768
$42,233
$43,061
$27,154
$48,342
$41,249
$51,956
$20,889
$17,750
$22,201
$38,910
$29,980
$30,376
$91,025
$59,183
$34,647
$56,304
$63,215
$31,144
$25,971
$61,336
$66,706
$53,593
$77,253
$28,675
2005
2006
$49,803
$43,868
$44,981
$29,777
$51,023
$45,845
$56,029
$21,875
$18,441
$22,713
$39,525
$34,572
$30,821
$99,564
$62,504
$34,961
$61,535
$67,881
$31,997
$26,366
$64,166
$69,755
$52,973
$81,658
$28,539
Growth
5/29/2008
3.04%
3.26%
3.24%
3.43%
3.75%
0.85%
4.19%
2.84%
3.24%
-1.24%
4.65%
2.19%
1.27%
9.43%
1.97%
-0.20%
3.86%
8.44%
3.50%
1.43%
3.62%
3.45%
1.73%
0.65%
9.41%
Sullivan County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
Population
Per Capita Income
73,831
2003
2004
74,546
75,138
2005
75,393
2006
75,754
Growth
0.63%
$26,382
$27,203
$28,886
$29,921
$31,044
4.30%
Earnings by place of work
$1,046,590
$1,093,791
$1,167,363
$1,229,229
$1,230,618
4.51%
less: Contributions for
government social insurance
$127,922
$135,010
$142,243
$148,507
$149,190
4.11%
Employee & self-employed
contrib. for govt. soc. ins.
$64,268
$67,382
$71,017
$74,960
$76,161
4.56%
Employer contributions for govt.
social insurance
$63,654
$67,628
$71,226
$73,547
$73,029
3.65%
plus: Adjustment for residence
$266,820
$275,374
$289,624
$305,956
$334,877
5.76%
$1,185,488
$1,234,155
$1,314,744
$1,386,678
$1,416,305
4.84%
plus: Dividends, interest, and rent
$290,537
$293,655
$321,762
$317,411
$345,712
4.35%
plus: Personal current transfer
receipts
$471,762
$500,072
$533,960
$551,742
$589,711
5.60%
equals: Total Personal Income
$1,947,787
$2,027,882
$2,170,466
$2,255,831
$2,351,728
4.95%
Earnings by place of work
$1,046,590
$1,093,791
$1,167,363
$1,229,229
$1,230,618
4.51%
Wage and salary disbursements
$754,309
$796,320
$834,049
$860,426
$859,149
3.43%
Supplements to wages and
salaries
equals: Net earnings by place of
residence
$155,898
$170,511
$195,289
$213,715
$216,300
9.21%
Employer contrib. for employee
pension & insur. funds
$92,244
$102,883
$124,063
$140,168
$143,271
12.64%
Employer contributions for govt.
social insurance
$63,654
$67,628
$71,226
$73,547
$73,029
3.65%
$136,383
$126,960
$138,025
$155,088
$155,169
4.69%
$4,448
$6,947
$8,767
$10,686
$4,685
5.49%
$131,935
$120,013
$129,258
$144,402
$150,484
4.58%
$1,046,590
$1,093,791
$1,167,363
$1,229,229
$1,230,618
4.51%
$6,021
$8,305
$10,092
$11,814
$5,869
3.06%
$1,040,569
$1,085,486
$1,157,271
$1,217,415
$1,224,749
4.50%
$327,674
$356,313
$377,179
$399,740
$382,655
4.34%
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
Nonfarm earnings: Private and
Government
Government
Data: BEA
Complied by: Bureau of Economic Research, Marist College
83
5/29/2008
84
-1.49%
5.04%
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
0.09%
-0.15%
Local Government
Unclassified
Total, All Government
0.00%
State Government
1.12%
0.53%
1.18%
-1.17%
Other Services
Federal Government
Total, All Private
-3.80%
-0.15%
Accommodation and Food Services
Total, All Industries
-3.27%
0.82%
Arts, Entertainment, and Recreation
1.49%
-0.06%
0.73%
0.53%
-1.44%
-0.11%
0.62%
-2.23%
23.30%
0.33%
-1.96%
-0.11%
Educational Services
7.23%
3.88%
Health Care and Social Assistance
Administrative and Waste Services
4.75%
2.92%
14.37%
2.10%
Management of Companies and Enterprises
Professional and Technical Services
0.79%
4.65%
Real Estate and Rental and Leasing
-3.19%
0.69%
0.57%
-1.19%
Finance and Insurance
Information
-0.77%
0.91%
-0.03%
Retail Trade
5.73%
0.75%
-2.28%
-1.14%
Manufacturing
Wholesale Trade
Transportation and Warehousing
9.79%
3.92%
Construction
1.35%
0.16%
10.53%
-5.12%
Agriculture, Forestry, Fishing & Hunting
Average
Employment
Growth (within
Industry)
Mining
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
1.75%
4.50%
3.53%
5.26%
4.38%
-4.28%
1.42%
-0.61%
-0.21%
34.67%
2.79%
4.90%
11.72%
7.51%
5.47%
5.30%
3.13%
-6.90%
1.78%
2.20%
5.57%
8.84%
16.86%
15.40%
8.80%
Growth inTotal
Compensation
(within Industry)
1.81%
3.75%
2.98%
6.80%
4.50%
-4.87%
3.74%
3.32%
3.17%
9.23%
2.45%
3.36%
4.19%
2.63%
2.48%
4.48%
6.53%
-5.49%
3.01%
3.00%
4.78%
2.94%
6.44%
4.40%
7.35%
NM
NM
NM
18
6
1
4
20
21
17
10
22
15
5
11
19
2
7
14
16
8
12
9
3
13
5/29/2008
NM
NM
NM
22
1
8
19
7
4
11
2
20
13
17
12
15
9
18
14
3
10
5
6
21
16
Average Wages by
Level Change in Avg.
Growth in Average
Industry (2006)
Employ. By industry (2006Compensation per job Ranked from Highest
2002) Ranked from
(within Industry)
(1) to Lowest (22)
Highest (1) to Lowest (22)
Sullivan County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
85
183
Other Services
Total, All Private
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
112
1,968
112
1,980
85
66
2,080
83
Unclassified
9
37
182
267
47
2,092
65
Local Government
Total, All Industries
9
State Government
38
273
Accommodation and Food Services
Federal Government
48
Arts, Entertainment, and Recreation
188
21
191
21
4
143
121
85
34
42
279
77
58
230
9
18
77
2003
76
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
4
144
Management of Companies and Enterprises
Professional and Technical Services
86
Finance and Insurance
109
34
Real Estate and Rental and Leasing
41
Transportation and Warehousing
Information
287
81
Wholesale Trade
Retail Trade
59
Manufacturing
7
19
229
2002
Construction
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
114
2,035
2,149
104
66
9
39
187
268
47
184
20
82
4
150
133
89
33
45
284
78
57
243
9
16
2005
Sullivan County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
113
2,040
2,153
92
65
9
39
179
267
47
186
19
84
5
150
134
87
36
44
293
76
55
260
7
15
2006
112
2,062
2,174
102
65
9
38
174
271
50
191
20
88
7
156
130
88
34
40
293
77
54
261
8
16
Growth
5/29/2008
0.09%
1.18%
1.12%
5.04%
-0.15%
0.00%
0.53%
-1.17%
-0.15%
0.82%
-0.11%
-1.96%
3.88%
14.37%
2.10%
4.65%
0.69%
0.57%
-0.03%
0.91%
-1.14%
-2.28%
3.92%
0.16%
-5.12%
86
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
6,296
18,908
Total, All Private
Total, All Government
25,204
Total, All Industries
100
4,921
Local Government
Unclassified
1,138
State Government
237
1,385
Other Services
Federal Government
2,997
Accommodation and Food Services
171
Educational Services
300
436
Administrative and Waste Services
Arts, Entertainment, and Recreation
197
Management of Companies and Enterprises
4,263
524
Professional and Technical Services
Health Care and Social Assistance
412
Real Estate and Rental and Leasing
1,019
249
Finance and Insurance
562
3,324
6,155
19,054
25,209
92
4,797
1,130
228
1,339
2,925
332
4,449
184
380
219
530
448
977
230
544
3,376
661
971
624
1,001
100
285
910
2003
855
80
297
Transportation and Warehousing
2002
Information
Retail Trade
Wholesale Trade
Manufacturing
Construction
Mining
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
6,149
19,434
25,583
95
4,800
1,128
221
1,331
2,957
578
4,349
179
434
214
536
430
933
228
554
3,358
659
1,057
1,025
106
305
2005
Sullivan County
Average Employment by Three Digit NACIS
Years 2002-2006
6,178
19,590
25,768
75
4,833
1,128
217
1,250
2,950
619
4,317
171
496
218
563
421
912
236
551
3,322
673
1,119
1,183
100
305
2006
6,267
19,335
25,602
103
4,875
1,175
217
1,181
2,527
626
4,399
191
541
249
587
442
897
228
526
3,224
642
1,232
1,196
132
307
Growth
1.35%
5/29/2008
-0.06%
0.73%
0.53%
-1.44%
-0.11%
0.62%
-2.23%
-3.80%
-3.27%
23.30%
0.33%
1.49%
7.23%
4.75%
2.92%
0.79%
-3.19%
-1.49%
-1.19%
-0.77%
0.75%
5.73%
9.79%
10.53%
87
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$25,352
$24,438
$41,006
Total, All Private
$44,867
$14,986
$36,536
$81,565
Total, All Government
$70,251
State Government
$38,273
$30,116
$37,940
Federal Government
$16,756
$14,112
$28,577
$16,346
Other Services
Total, All Industries
$14,251
Accommodation and Food Services
$14,997
$34,390
$15,346
Arts, Entertainment, and Recreation
$31,639
$14,053
$15,260
$29,767
Health Care and Social Assistance
Unclassified
$12,652
Educational Services
$22,430
$38,038
$43,022
$44,362
$24,636
$21,321
Local Government
$21,459
Administrative and Waste Services
$27,190
Real Estate and Rental and Leasing
$26,488
$44,770
$17,149
Finance and Insurance
$39,071
$44,429
Information
Professional and Technical Services
$21,518
Transportation and Warehousing
Management of Companies and Enterprises
$18,118
$20,383
Retail Trade
$26,460
$31,648
$25,479
$30,520
$30,353
$29,098
Construction
$42,338
$21,612
Wholesale Trade
$43,397
2003
Manufacturing
$22,329
Agriculture, Forestry, Fishing & Hunting
2002
Mining
Industry by Three Digit NACIS
$46,044
$26,456
$31,165
$16,613
$38,555
$78,779
$41,628
$17,111
$14,425
$16,926
$32,271
$13,499
$24,464
$39,060
$28,305
$19,577
$49,484
$47,391
$24,774
$21,985
$32,553
$28,211
$35,338
$46,418
$23,932
2004
Sullivan County
Average Wages by Three Digit NACIS
Years 2002-2006
$47,022
$27,148
$31,912
$16,887
$40,555
$75,950
$40,673
$17,672
$15,233
$19,336
$32,669
$14,978
$25,363
$40,543
$28,396
$20,747
$51,339
$36,398
$24,445
$22,558
$34,191
$27,285
$36,489
$50,363
$26,382
2005
$43,807
$28,384
$32,159
$19,972
$40,679
$56,707
$44,220
$18,739
$16,033
$21,010
$33,063
$14,454
$24,779
$43,100
$29,297
$19,953
$56,228
$36,982
$25,054
$22,968
$36,881
$29,006
$36,366
$49,349
$28,816
2006
Growth
5/29/2008
1.81%
3.75%
2.98%
6.80%
4.50%
-4.87%
3.74%
3.32%
3.17%
9.23%
2.45%
3.36%
4.19%
2.63%
2.48%
4.48%
6.53%
-5.49%
3.01%
3.00%
4.78%
2.94%
6.44%
4.40%
7.35%
Ulster County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
2003
2004
2005
2006
Growth
Population
179,839
180,389
181,183
181,586
181,820
0.29%
Per Capita Income
$26,314
$27,009
$28,644
$30,367
$32,811
5.74%
$2,461,285
$2,564,754
$2,679,605
$2,810,424
$3,077,396
5.53%
$301,242
$312,458
$323,721
$338,507
$372,440
5.17%
$147,443
$152,617
$158,450
$167,646
$184,725
5.60%
$153,799
$159,841
$165,271
$170,861
$187,715
4.76%
$927,681
$965,769
$1,024,961
$1,084,821
$1,111,611
4.90%
$3,087,724
$3,218,065
$3,380,845
$3,556,738
$3,816,567
5.38%
$734,340
$700,580
$806,527
$917,409
$1,032,769
9.98%
$910,259
$953,401
$1,002,419
$1,040,143
$1,116,424
5.08%
$4,732,323
$4,872,046
$5,189,791
$5,514,290
$5,965,760
6.05%
$2,461,285
$2,564,754
$2,679,605
$2,810,424
$3,077,396
5.53%
$1,828,675
$1,883,763
$1,941,150
$2,012,275
$2,216,339
4.61%
$394,228
$428,255
$467,410
$504,055
$551,849
8.72%
$240,429
$268,414
$302,139
$333,194
$364,134
11.03%
$153,799
$159,841
$165,271
$170,861
$187,715
4.76%
$238,382
$252,736
$271,045
$294,094
$309,208
6.95%
$2,457
$265
$106
$1,322
NM
$241,887
$250,279
$270,780
$293,988
$307,886
6.65%
$2,461,285
$2,564,754
$2,679,605
$2,810,424
$3,077,396
5.53%
$13,020
$16,600
$14,175
$11,694
$13,441
-2.83%
$2,448,265
$2,548,154
$2,665,430
$2,798,730
$3,063,955
5.57%
$653,028
$665,029
$684,593
$748,495
$881,405
7.44%
Earnings by place of work
less: Contributions for
government social insurance
Employee & self-employed
contrib. for govt. soc. ins.
Employer contributions for
govt. social insurance
plus: Adjustment for residence
equals: Net earnings by place
of residence
plus: Dividends, interest, and
rent
plus: Personal current transfer
receipts
equals: Total Personal
Income
Earnings by place of work
Wage and salary
disbursements
Supplements to wages and
salaries
Employer contrib. for employee
pension & insur. funds
Employer contributions for
govt. social insurance
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
Nonfarm earnings: Private and
Government
Government
-$3,505
Data: BEA
Complied by: Bureau of Economic Research, Marist College
88
5/29/2008
89
0.51%
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
1.94%
1.99%
Total, All Industries
Total, All Private
11.54%
0.53%
Unclassified
Local Government
1.71%
Accommodation and Food Services
1.39%
5.61%
Arts, Entertainment, and Recreation
State Government
1.49%
2.12%
Health Care and Social Assistance
1.39%
1.93%
Educational Services
0.21%
1.96%
Administrative and Waste Services
Other Services
8.04%
Federal Government
-0.52%
1.64%
Management of Companies and Enterprises
-0.01%
0.18%
0.14%
8.85%
1.00%
-2.07%
-1.51%
5.05%
0.11%
2.35%
10.53%
22.63%
-0.23%
7.36%
Professional and Technical Services
2.40%
-15.81%
5.57%
-1.41%
Information
0.47%
-0.28%
Real Estate and Rental and Leasing
1.42%
Transportation and Warehousing
0.64%
-1.17%
Retail Trade
-1.36%
-6.65%
5.60%
8.53%
9.08%
Finance and Insurance
-2.04%
-0.91%
6.00%
Construction
Wholesale Trade
-2.51%
Mining
Manufacturing
-2.34%
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
Growth in the
Number of Firms
(within industry)
Average
Employment
Growth (within
Industry)
5.64%
4.76%
5.02%
14.42%
7.69%
2.26%
3.01%
6.37%
2.68%
10.37%
3.94%
5.94%
19.51%
33.83%
3.93%
15.19%
7.27%
-3.14%
1.95%
3.43%
3.02%
-1.17%
8.89%
9.35%
13.08%
Growth inTotal
Compensation
(within Industry)
5.65%
4.57%
4.88%
5.12%
6.62%
4.43%
4.59%
4.80%
3.22%
5.07%
3.83%
3.51%
8.12%
9.13%
4.17%
7.29%
4.76%
15.05%
2.24%
2.95%
4.44%
5.88%
3.12%
0.76%
3.66%
NM
NM
NM
16
6
3
2
19
22
20
13
18
12
1
11
14
4
10
15
17
7
5
9
8
21
Average Wages by
Growth in Average Industry (2006) Ranked
from Highest (1) to
Compensation per
Lowest (22)
job (within Industry)
Ulster County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
5/29/2008
NM
NM
NM
21
1
6
19
9
4
18
3
16
7
20
11
17
10
14
12
2
13
5
8
22
15
Level Change in Avg.
Employ. By industry
(2006-2002) Ranked
from Highest (1) to
Lowest (22)
90
401
Professional and Technical Services
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
155
4,505
Total, All Private
Total, All Government
4,660
Total, All Industries
152
94
Local Government
Unclassified
14
State Government
439
388
Accommodation and Food Services
Other Services
47
112
Arts, Entertainment, and Recreation
Federal Government
425
56
183
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
14
222
164
Finance and Insurance
Real Estate and Rental and Leasing
Management of Companies and Enterprises
109
161
4,571
4,732
172
98
15
48
396
449
123
438
55
188
17
404
187
214
Transportation and Warehousing
730
157
220
535
12
68
92
103
Retail Trade
2003
95
769
Wholesale Trade
Information
222
156
Manufacturing
517
13
Construction
71
Mining
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
158
4,708
4,866
199
96
15
47
409
466
128
443
56
191
18
415
191
221
87
111
749
154
215
571
13
68
2005
Ulster County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
159
4,777
4,936
222
97
15
47
403
468
134
461
58
197
20
423
198
222
87
110
726
157
206
604
13
64
2006
160
4,864
5,024
231
97
15
48
412
468
141
460
60
197
19
425
209
225
91
110
727
149
207
651
11
65
Growth
5/29/2008
0.51%
1.99%
1.94%
11.54%
0.53%
1.39%
0.21%
1.39%
1.71%
5.61%
2.12%
1.93%
1.96%
8.04%
1.64%
5.57%
0.64%
-1.41%
1.42%
-1.17%
-0.91%
-2.04%
6.00%
-2.51%
-2.34%
91
2,091
1,922
Finance and Insurance
Professional and Technical Services
2,062
Other Services
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
47,769
47,466
14,243
Total, All Private
Total, All Government
14,257
62,026
248
9,391
4,371
495
2,143
6,280
582
61,709
Total, All Industries
166
Local Government
Unclassified
4,418
9,316
State Government
509
6,254
Accommodation and Food Services
Federal Government
599
Arts, Entertainment, and Recreation
719
8,280
677
8,248
2,199
152
2,075
292
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
Management of Companies and Enterprises
1,874
2,691
1,470
1,659
1,438
Transportation and Warehousing
Information
8,841
1,621
9,248
Retail Trade
1,375
5,190
2,384
123
695
625
1,312
Wholesale Trade
2003
562
5,669
Manufacturing
Real Estate and Rental and Leasing
2,164
115
Construction
718
Mining
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
2004
14,412
47,367
61,779
240
9,570
4,351
491
2,234
6,209
636
8,275
688
2,166
274
1,707
670
1,981
1,863
1,437
9,128
1,358
4,673
2,527
139
921
2005
Ulster County
Average Employment by Three Digit NACIS
Years 2002-2006
14,252
47,426
61,678
205
9,638
4,134
480
2,228
6,182
652
8,210
714
2,448
469
1,690
720
2,020
1,700
1,425
9,239
1,278
4,433
2,526
144
914
2006
14,236
48,077
62,313
279
9,666
4,091
479
2,178
6,140
724
8,328
763
3,245
461
1,588
747
2,084
1,113
1,440
9,260
1,271
4,348
2,761
160
967
-0.28%
0.47%
-1.36%
-6.65%
5.60%
8.53%
9.08%
5/29/2008
-0.01%
0.18%
0.14%
8.85%
1.00%
-2.07%
-1.51%
1.49%
-0.52%
5.05%
0.11%
2.35%
10.53%
22.63%
-0.23%
7.36%
2.40%
-15.81%
Growth
92
$19,884
$42,698
$24,918
$31,497
$32,343
$34,066
$35,945
$21,344
$24,960
$21,229
$38,917
$23,283
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation and Warehousing
Information
Finance and Insurance
Real Estate and Rental and Leasing
$26,589
$22,041
$25,742
Administrative and Waste Services
$43,044
$40,251
$17,907
$13,642
$18,831
$41,836
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Federal Government
$26,586
$27,728
$25,449
$35,321
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$28,515
$20,356
Unclassified
$34,980
$22,281
$32,102
$40,689
$32,420
State Government
Local Government
$19,906
$13,702
$18,969
$29,750
$20,971
$28,416
Educational Services
Health Care and Social Assistance
$40,192
$29,013
$35,846
Professional and Technical Services
Management of Companies and Enterprises
$26,082
$22,436
$38,540
$36,330
$34,336
$40,723
$40,342
$19,942
$18,237
2003
Mining
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
$34,230
$28,030
$29,476
$19,324
$30,997
$40,014
$46,001
$20,565
$14,316
$20,214
$30,659
$23,836
$31,025
$42,578
$32,007
$27,480
$44,634
$25,716
$25,432
$23,292
$42,105
$38,472
$35,215
$38,815
$20,443
2004
Ulster County
Average Wages by Three Digit NACIS
Years 2002-2006
$37,618
$28,873
$30,894
$24,613
$35,321
$41,881
$47,012
$21,539
$14,447
$21,117
$31,711
$24,060
$33,372
$47,552
$32,579
$28,830
$45,264
$27,293
$26,126
$23,282
$42,426
$39,979
$36,262
$40,845
$21,091
2005
2006
$44,832
$30,529
$33,797
$24,857
$42,582
$49,532
$50,096
$22,890
$15,568
$21,730
$33,211
$23,846
$33,944
$51,008
$34,991
$30,775
$47,696
$36,517
$27,865
$24,233
$42,573
$43,206
$36,694
$41,828
$21,226
Growth
5/29/2008
5.65%
4.57%
4.88%
5.12%
6.62%
4.43%
4.59%
4.80%
3.22%
5.07%
3.83%
3.51%
8.12%
9.13%
4.17%
7.29%
4.76%
15.05%
2.24%
2.95%
4.44%
5.88%
3.12%
0.76%
3.66%
Westchester County
Components of Total Personal Income: 2002-2006
(in thousands of dollars)
2002
2003
2004
2005
2006
Growth
Population
941,543
944,309
947,073
947,719
948,080
0.17%
Per Capita Income
$54,590
$55,092
$59,832
$65,265
$70,519
7.05%
Earnings by place of work
$29,766,189
$30,563,887
$33,383,466
$35,136,730
$36,900,646
5.86%
less: Contributions for
government social insurance
$3,246,994
$3,360,379
$3,599,618
$3,766,398
$3,928,999
5.08%
Employee & self-employed
contrib. for govt. soc. ins.
$1,607,141
$1,647,288
$1,780,340
$1,867,093
$1,954,594
5.30%
Employer contributions for govt.
social insurance
$1,639,853
$1,713,091
$1,819,278
$1,899,305
$1,974,405
4.86%
plus: Adjustment for residence
$9,396,450
$9,119,437
$9,728,264
$10,252,007
$11,125,366
4.65%
equals: Net earnings by place of
residence
$35,915,645
$36,322,945
$39,512,112
$41,622,339
$44,097,013
5.62%
plus: Dividends, interest, and rent
$10,199,293
$10,206,046
$11,239,216
$14,378,240
$16,480,202
13.91%
$5,283,963
$5,494,976
$5,913,828
$5,852,018
$6,280,709
4.17%
equals: Total Personal Income
$51,398,901
$52,023,967
$56,665,156
$61,852,597
$66,857,924
7.24%
Earnings by place of work
$29,766,189
$30,563,887
$33,383,466
$35,136,730
$36,900,646
5.86%
Wage and salary disbursements
plus: Personal current transfer
receipts
$20,976,383
$21,544,487
$23,261,771
$24,265,613
$25,607,903
5.32%
Supplements to wages and
salaries
$4,188,971
$4,492,570
$4,962,314
$5,299,642
$5,511,365
7.40%
Employer contrib. for employee
pension & insur. funds
$2,549,118
$2,779,479
$3,143,036
$3,400,337
$3,536,960
8.94%
Employer contributions for govt.
social insurance
$1,639,853
$1,713,091
$1,819,278
$1,899,305
$1,974,405
4.86%
Proprietors' income
$4,600,835
$4,526,830
$5,159,381
$5,571,475
$5,781,378
6.87%
$1,617
$930
$604
$746
$587
-20.12%
$4,599,218
$4,525,900
$5,158,777
$5,570,729
$5,780,791
6.88%
$29,766,189
$30,563,887
$33,383,466
$35,136,730
$36,900,646
5.86%
$4,516
$3,420
$3,045
$2,800
$2,738
-11.32%
$29,761,673
$30,560,467
$33,380,421
$35,133,930
$36,897,908
5.86%
$3,912,240
$4,161,196
$4,518,306
$4,845,136
$5,147,781
7.26%
Farm proprietors' income
Nonfarm proprietors' income
Earnings by place of work
Farm earnings
Nonfarm earnings: Private and
Government
Government
Data: BEA
Complied by: Bureau of Economic Research, Marist College
93
5/29/2008
94
Industry by Three Digit NACIS
1.56%
Educational Services
1.09%
0.52%
1.28%
1.95%
-0.09%
8.66%
1.12%
1.13%
0.30%
Accommodation and Food Services
Other Services
Federal Government
State Government
Local Government
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
3.13%
Arts, Entertainment, and Recreation
NA
1.71%
Administrative and Waste Services
Health Care and Social Assistance
4.92%
Management of Companies and Enterprises
Information
0.27%
-2.51%
Transportation and Warehousing
Professional and Technical Services
0.50%
Retail Trade
1.40%
-0.65%
Wholesale Trade
2.23%
-1.07%
Manufacturing
Real Estate and Rental and Leasing
-1.68%
Construction
Finance and Insurance
2.10%
2.24%
Utilities
NA
-0.77%
Mining
Agriculture, Forestry, Fishing & Hunting
Growth in the
Number of Firms
(within industry)
0.01%
0.76%
0.64%
4.47%
0.08%
0.83%
-1.58%
1.55%
0.63%
-2.92%
NA
2.13%
0.07%
5.35%
-0.84%
1.54%
5.05%
-3.19%
4.70%
0.71%
-1.39%
-2.96%
1.50%
-2.49%
NA
-2.62%
Average
Employment
Growth (within
Industry)
5.18%
5.58%
5.52%
6.62%
5.75%
1.85%
3.49%
5.51%
4.48%
1.79%
NA
5.25%
7.80%
12.46%
3.01%
7.37%
11.37%
0.25%
15.67%
2.07%
3.19%
3.04%
3.87%
0.08%
NA
1.60%
5.17%
4.78%
4.84%
2.06%
5.67%
1.01%
5.16%
3.89%
3.83%
4.85%
NA
3.05%
7.72%
6.74%
3.88%
5.75%
6.02%
3.55%
10.47%
1.34%
4.65%
6.18%
2.34%
2.64%
NA
4.34%
NM
NM
NM
16
9
12
8
21
22
19
14
15
17
1
5
11
2
7
13
20
6
4
10
3
23
18
5/29/2008
NM
NM
NM
21
2
18
19
9
7
17
1
12
8
16
5
15
6
13
14
3
11
10
4
20
23
22
Average Wages by
Level Change in Avg.
Growth inTotal
Growth in Average Industry (2006) Ranked Employ. By industry (2006Compensation (within Compensation per job
from Highest (1) to
2002) Ranked from
Industry)
(within Industry)
Lowest (23)
Highest (1) to Lowest (23)
Westchester County
Summary Statistics for Firms, Employment, and Wages by Three Digit NACIS
Years 2002-2006
95
Industry by Three Digit NACIS
1,522
1,350
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
431
33,866
Total, All Private
Total, All Government
34,297
Unclassified
Total, All Industries
439
33,803
34,242
25
324
25
322
90
5,176
Local Government
5,227
Other Services
1,808
State Government
1,816
Accommodation and Food Services
573
3,055
84
556
467
1,749
171
4,187
2,171
1,826
715
530
3,907
1,797
764
Federal Government
2,995
Arts, Entertainment, and Recreation
465
1,755
Health Care and Social Assistance
Educational Services
Administrative and Waste Services
186
4,227
Professional and Technical Services
Management of Companies and Enterprises
2,161
Real Estate and Rental and Leasing
733
1,884
Finance and Insurance
Information
545
3,969
Transportation and Warehousing
1,853
Wholesale Trade
Retail Trade
788
Manufacturing
13
3,304
16
67
NA
2003
4
67
3,271
2002
Construction
Utilities
Mining
Agriculture, Forestry, Fishing & Hunting
2004
436
34,278
34,714
1,556
319
26
91
5,236
1,870
595
NA
472
1,807
188
4,157
2,231
1,862
698
537
3,914
1,804
747
3,379
17
NA
66
2005
Westchester County
Number of Reporting Units by Three Digit NACIS
Years 2002-2006
436
34,841
35,277
1,811
321
26
89
5,272
1,856
625
3,159
485
1,859
205
4,228
2,307
1,929
664
545
3,881
1,787
737
3,416
16
NA
62
2006
439
35,280
35,719
1,875
322
27
90
5,314
1,892
621
3,194
493
1,853
216
4,263
2,341
1,965
670
551
3,855
1,761
737
3,594
16
NA
67
Growth
5/29/2008
0.30%
1.13%
1.12%
8.66%
-0.09%
1.95%
1.28%
0.52%
1.09%
3.13%
NA
1.56%
1.71%
4.92%
0.27%
2.23%
1.40%
-2.51%
0.50%
-0.65%
-1.07%
-1.68%
2.24%
2.10%
NA
-0.77%
96
Industry by Three Digit NACIS
47,614
Retail Trade
1,907
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
Total, All Government
62,947
340,127
Total, All Private
63,973
338,973
402,946
1,696
403,074
Total, All Industries
Unclassified
6,159
52,399
6,269
18,416
51,285
18,484
Other Services
21,122
State Government
21,205
Accommodation and Food Services
9,272
58,223
Local Government
8,986
Arts, Entertainment, and Recreation
13,160
21,088
7,809
24,550
9,316
18,073
14,037
9,972
46,907
16,953
20,025
24,412
3,329
NA
398
5,415
57,067
Health Care and Social Assistance
2003
5,393
12,976
Educational Services
Federal Government
21,086
Administrative and Waste Services
7,735
24,817
Professional and Technical Services
Management of Companies and Enterprises
9,243
Finance and Insurance
Real Estate and Rental and Leasing
14,885
18,102
Information
9,835
17,767
Wholesale Trade
Transportation and Warehousing
20,817
Manufacturing
3,391
23,971
Construction
Utilities
440
12
2002
Mining
Agriculture, Forestry, Fishing & Hunting
2004
63,913
345,537
409,450
1,722
52,302
6,358
5,253
18,818
21,634
9,875
NA
13,552
23,240
8,964
24,299
9,564
19,062
13,443
10,397
47,880
16,903
19,393
24,120
3,141
NA
374
2005
Westchester County
Average Employment by Three Digit NACIS
Years 2002-2006
63,293
347,540
410,833
1,829
51,904
6,230
5,159
19,181
21,748
8,044
59,925
13,860
22,108
9,175
23,840
9,850
20,730
13,253
11,488
48,321
17,038
18,957
24,709
3,109
NA
371
2006
63,327
348,893
412,220
2,155
51,728
6,497
5,102
19,560
21,559
8,320
60,579
14,048
20,671
9,262
24,146
9,701
21,622
13,024
11,531
48,608
16,525
18,413
25,669
3,093
NA
399
Growth
5/29/2008
0.01%
0.76%
0.64%
4.47%
0.08%
0.83%
-1.58%
1.55%
0.63%
-2.92%
NA
2.13%
0.07%
5.35%
-0.84%
1.54%
5.05%
-3.19%
4.70%
0.71%
-1.39%
-2.96%
1.50%
-2.49%
NA
-2.62%
97
$74,485
Professional and Technical Services
$18,613
Accommodation and Food Services
$36,525
$48,773
$48,806
$48,594
Local Government
Unclassified
Total, All Industries
Total, All Private
Total, All Government
Data Source: NYS Department of Labor QCEW Series
Compiled by Marist College Bureau of Economic Research
$49,112
$48,479
State Government
$24,450
$26,478
Arts, Entertainment, and Recreation
$49,090
$38,142
Health Care and Social Assistance
Federal Government
$37,988
Educational Services
Other Services
$30,241
Administrative and Waste Services
$168,068
$45,779
Real Estate and Rental and Leasing
Management of Companies and Enterprises
$88,678
$31,538
Transportation and Warehousing
$67,098
$28,700
Retail Trade
Finance and Insurance
$67,482
Wholesale Trade
Information
$72,516
Manufacturing
$49,721
$49,978
$49,937
$35,471
$49,543
$49,812
$51,333
$25,560
$19,028
$27,741
$39,360
$39,097
$31,253
$156,736
$73,753
$49,351
$88,680
$73,342
$32,086
$29,628
$69,090
$80,427
$54,676
$93,523
$90,296
$52,746
Utilities
Construction
NA
$74,610
Mining
$33,903
2003
$32,076
2002
Agriculture, Forestry, Fishing & Hunting
Industry by Three Digit NACIS
$52,626
$53,428
$53,303
$33,433
$52,624
$49,894
$55,951
$26,105
$19,706
$27,668
NA
$41,534
$32,383
$194,428
$76,352
$54,579
$95,249
$72,669
$36,898
$29,322
$83,711
$85,428
$55,750
$105,924
NA
$37,522
2004
Westchester County
Average Wages by Three Digit NACIS
Years 2002-2006
$55,475
$55,678
$55,646
$33,518
$55,965
$50,838
$56,149
$27,232
$20,393
$30,560
$43,222
$41,147
$43,244
$194,069
$83,158
$53,542
$100,347
$75,276
$41,956
$29,766
$76,451
$87,972
$55,618
$99,762
NA
$38,457
2005
$78,867
$45,376
$30,611
$80,512
$93,561
$58,701
$99,595
NA
$37,236
$59,190
$58,402
$58,523
$41,598
$60,089
$51,118
$60,353
$28,674
$21,701
$31,966
$45,009
$43,036
$37,291
$209,299
$84,862
$58,123
$111,651
2006
Growth
5/29/2008
5.17%
4.78%
4.84%
2.06%
5.67%
1.01%
5.16%
3.89%
3.83%
4.85%
NA
3.05%
7.72%
6.74%
3.88%
5.75%
6.02%
3.55%
10.47%
1.34%
4.65%
6.18%
2.34%
2.64%
NA
4.34%
Page Intentionally
Left Blank
98
Total Income Maintenance Benefits
Annual: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
$1,210,551
$1,151,993
$1,155,570
$1,092,486
$1,011,710
Dutchess
$4,394,956
$4,132,884
$3,953,620
$3,697,104
$3,292,412
Greene
$1,104,341
$1,070,520
$1,053,224
$992,130
$924,490
Orange
$7,082,456
$6,570,537
$6,522,531
$6,311,445
$5,981,138
Putnam
$536,058
$527,427
$518,072
$493,008
$466,129
Rockland
$5,081,955
$4,774,392
$4,487,391
$4,185,748
$3,895,930
Sullivan
$2,356,722
$2,288,596
$2,113,196
$2,003,474
$1,849,606
Ulster
$3,652,213
$3,476,840
$3,274,569
$3,092,776
$2,981,162
Westchester
$18,494,766
$17,574,154
$17,271,742
$17,853,885
$17,267,565
Hudson Valley Total
$43,914,018
$41,557,340
$40,349,916
$39,699,236
$37,670,142
New York City
$446,737,688
$438,033,856
$422,255,558
$406,860,304
$376,104,930
New York State
$688,151,210
$669,290,316
$647,423,962
$624,765,911
$576,279,092
Annual Percentage Change: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
5.08%
-0.31%
5.77%
7.98%
7.20%
Dutchess
6.34%
4.53%
6.94%
12.29%
8.90%
Greene
3.16%
1.64%
6.16%
7.32%
13.20%
Orange
7.79%
0.74%
3.34%
5.52%
5.80%
Putnam
1.64%
1.81%
5.08%
5.77%
4.20%
Rockland
6.44%
6.40%
7.21%
7.44%
3.40%
Sullivan
2.98%
8.30%
5.48%
8.32%
10.70%
Ulster
5.04%
6.18%
5.88%
3.74%
7.10%
Westchester
5.24%
1.75%
12.35%
10.30%
6.10%
Hudson Valley Total
5.67%
2.99%
1.64%
5.39%
6.50%
New York City
1.99%
3.74%
3.78%
8.18%
2.10%
New York State
2.82%
3.38%
3.63%
8.41%
0.00%
Data: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
99
6/23/2008
Food Stamps - Recipients
Annual: Monthy Average
Counties
2007
2006
2005
2004
2003
Columbia
3041
3033
3121
2982
2721
Dutchess
11153
10582
10111
8772
7353
Greene
3274
3275
3250
3125
2922
Orange
23144
22261
21807
20733
19863
Putnam
993
933
929
866
806
Rockland
21732
20864
19680
17828
16630
Sullivan
6702
6449
6067
5553
5032
Ulster
9580
9121
8416
7733
7269
Westchester
40459
39640
39745
36733
33949
Hudson Valley Total
120077
116157
113126
104324
96545
New York City
1105981
1092542
1084739
1006928
884909
New York State
1813683
1789666
1767780
1646075
1469563
Annual Percentage Change: Monthy Average
Counties
2007
2006
2005
2004
2003
Columbia
0.26%
-2.82%
4.65%
9.59%
7.87%
Dutchess
5.39%
4.66%
15.26%
19.31%
13.51%
Greene
-0.02%
0.77%
4.00%
6.94%
9.75%
Orange
3.97%
2.08%
5.18%
4.38%
5.41%
Putnam
6.39%
0.43%
7.33%
7.38%
13.04%
Rockland
4.16%
6.02%
10.39%
7.20%
6.67%
Sullivan
3.92%
6.30%
9.27%
10.35%
11.48%
Ulster
5.03%
8.38%
8.83%
6.39%
10.65%
Westchester
2.07%
-0.26%
8.20%
8.20%
6.76%
Hudson Valley Total
3.38%
2.68%
8.44%
8.06%
7.64%
New York City
1.23%
0.72%
7.73%
13.79%
7.70%
New York State
1.34%
1.24%
7.39%
12.01%
8.42%
100
Food Stamps - Expenditures
Annual: Monthy Average
Counties
2007
2006
2005
2004
2003
Columbia
$279,238
$271,369
$279,731
$253,759
$231,816
Dutchess
$1,109,332
$1,005,837
$921,553
$766,541
$620,346
Greene
$312,681
$299,596
$296,391
$277,808
$249,595
Orange
$2,365,777
$2,201,482
$2,090,600
$1,918,185
$1,832,239
Putnam
$84,331
$81,581
$70,811
$64,206
$55,237
$2,138,955
$1,984,423
$1,828,164
$1,572,947
$1,438,235
Sullivan
$605,950
$565,199
$521,859
$449,937
$392,239
Ulster
$916,154
$832,975
$722,271
$629,456
$582,959
$4,140,521
$3,910,993
$3,803,788
$3,385,590
$3,069,341
$11,952,938
$11,153,455
$10,535,167
$9,318,428
$8,472,007
New York City
$129,146,805
$128,674,463
$119,248,814
$107,362,677
$94,857,515
New York State
$198,332,627
$184,617,184
$182,366,739
$163,776,695
$145,168,998
Rockland
Westchester
Hudson Valley Total
Annual Percentage Change: Monthy Average
Counties
2007
2006
2005
2004
2003
Columbia
2.90%
-2.99%
10.24%
9.47%
16.03%
Dutchess
10.29%
9.15%
20.22%
23.57%
20.78%
Greene
4.37%
1.08%
6.69%
11.30%
15.35%
Orange
7.46%
5.30%
8.99%
4.69%
10.51%
Putnam
3.37%
15.21%
10.29%
16.24%
15.48%
Rockland
7.79%
8.55%
16.23%
9.37%
11.33%
Sullivan
7.21%
8.30%
15.98%
14.71%
16.39%
Ulster
9.99%
15.33%
14.75%
7.98%
17.25%
Westchester
5.87%
2.82%
12.35%
10.30%
12.19%
Hudson Valley Total
7.17%
5.87%
13.06%
9.99%
13.00%
New York City
0.37%
7.90%
11.07%
13.18%
13.88%
New York State
7.43%
1.23%
11.35%
12.82%
14.55%
101
Total Temporary Assistance - Recipients
Annual: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
619
595
664
687
664
Dutchess
2188
2345
2459
2464
2312
Greene
740
815
923
899
828
Orange
4656
4643
5032
5304
5656
Putnam
145
158
163
191
196
Rockland
2289
2313
2478
2525
2587
Sullivan
1535
1596
1560
1477
1390
Ulster
2297
2406
2337
2289
2511
Westchester
13121
13935
15112
17030
18010
Hudson Valley
27589
28795
30717
32808
34152
New York City
359425
391895
416012
433928
423945
New York State
530912
572152
604922
629062
612423
Annual Percentage Change: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
3.9%
-10.4%
-3.4%
3.6%
-1.7%
Dutchess
-6.7%
-4.6%
-0.2%
6.6%
-1.5%
Greene
-9.3%
-11.6%
2.6%
8.6%
1.7%
Orange
0.3%
-7.7%
-5.1%
-6.2%
-5.7%
Putnam
-8.3%
-3.5%
-14.7%
-2.3%
-9.0%
Rockland
-1.0%
-6.6%
-1.9%
-2.4%
-9.3%
Sullivan
-3.8%
2.3%
5.6%
6.2%
10.1%
Ulster
-4.5%
2.9%
2.1%
-8.8%
-0.8%
Westchester
-5.8%
-7.8%
-11.3%
-5.4%
1.9%
Hudson Valley
-4.2%
-6.3%
-6.4%
-3.9%
-0.5%
New York City
-8.3%
-5.8%
-4.1%
2.4%
-1.9%
New York State
-7.2%
-5.4%
-3.8%
2.7%
-1.2%
Source: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
102
6/20/2008
Total Temporary Assistance - Expenditures
Annual: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
$201,363
$178,261
$193,047
$188,473
$168,530
Dutchess
$968,141
$916,686
$949,048
$921,589
$840,599
Greene
$195,180
$199,767
$220,340
$209,167
$199,805
Orange
$1,699,301
$1,519,445
$1,705,412
$1,745,647
$1,635,837
Putnam
$70,528
$74,802
$85,965
$73,661
$88,099
Rockland
$688,441
$651,747
$662,113
$661,481
$620,265
Sullivan
$490,463
$452,837
$432,479
$417,362
$372,086
Ulster
$726,138
$748,890
$684,837
$663,898
$711,952
$6,359,082
$6,113,819
$6,353,062
$7,569,137
$7,739,408
Hudson Valley
$11,398,637
$10,856,252
$11,286,301
$12,427,596
$12,376,581
New York City
$100,027,333
$99,119,833
$101,521,500
$101,819,583
$93,519,583
New York State
$151,274,557
$155,468,765
$154,261,676
$156,739,338
$145,078,963
Westchester
Annual Percentage Change: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
13.0%
-7.7%
2.4%
11.8%
6.6%
Dutchess
5.6%
-3.4%
3.0%
9.6%
12.5%
Greene
-2.3%
-9.3%
5.3%
4.7%
9.4%
Orange
11.8%
-10.9%
-2.3%
6.7%
5.8%
Putnam
-5.7%
-13.0%
16.7%
-16.4%
-4.9%
Rockland
5.6%
-1.6%
0.1%
6.6%
-3.4%
Sullivan
8.3%
4.7%
3.6%
12.2%
22.0%
Ulster
-3.0%
9.4%
3.2%
-6.7%
7.5%
Westchester
4.0%
-3.8%
-16.1%
-2.2%
5.8%
Hudson Valley
5.0%
-3.8%
-9.2%
0.4%
6.2%
New York City
0.9%
-2.4%
-0.3%
8.9%
-7.7%
New York State
-2.7%
0.8%
-1.6%
8.0%
3.2%
Source: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
103
6/20/2008
Supplemental Security Income -Recipients
Annual: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
1,495
1,501
1,499
1,481
1,483
Dutchess
4,615
4,592
4,471
4,419
4,356
Greene
1,230
1,201
1,172
1,157
1,101
Orange
6,140
6,001
5,884
5,899
5,893
Putnam
798
774
770
783
771
Rockland
4,527
4,459
4,364
4,301
4,315
Sullivan
2,481
2,490
2,491
2,531
2,537
Ulster
4,001
4,030
4,017
3,982
3,957
Westchester
16,151
15,837
15,391
15,206
14,981
Hudson Valley
41,437
40,886
40,060
39,758
39,391
New York City
407,052
405,476
400,470
398,504
397,940
New York State
649,071
644,062
634,231
630,097
627,083
Annual Percentage Change: Monthy Average
Counties
2007
2006
2005
2004
2003
Columbia
-0.39%
0.15%
1.23%
-0.13%
0.34%
Dutchess
0.51%
2.70%
1.18%
1.43%
0.61%
Greene
2.34%
2.45%
1.35%
5.04%
2.47%
Orange
2.26%
1.98%
-0.25%
0.11%
-1.11%
Putnam
3.01%
0.49%
-1.57%
1.56%
5.26%
Rockland
1.50%
2.18%
1.46%
-0.32%
-2.11%
Sullivan
-0.36%
-0.05%
-1.57%
-0.24%
0.34%
Ulster
-0.72%
0.34%
0.86%
0.64%
0.12%
Westchester
1.94%
2.90%
1.22%
1.50%
1.13%
Hudson Valley
1.33%
2.06%
0.76%
0.93%
0.29%
New York City
0.39%
1.25%
0.49%
0.14%
-0.19%
New York State
0.77%
1.55%
0.66%
0.48%
0.13%
Data: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
6/20/2008
104
Supplemental Security Income- Expenditures
Annual: Monthly Average
Counties
2007
2006
Columbia
$729,950
$702,363
$682,793
$650,254
$611,363
Dutchess
$2,317,483
$2,210,361
$2,083,020
$2,008,974
$1,831,467
Greene
$596,481
$571,157
$536,494
$505,155
$475,090
Orange
$3,017,378
$2,849,610
$2,726,519
$2,647,612
$2,513,063
Putnam
$381,199
$371,044
$361,296
$355,141
$322,794
Rockland
$2,254,559
$2,138,222
$1,997,114
$1,951,320
$1,837,430
Sullivan
$1,260,309
$1,270,560
$1,158,859
$1,136,175
$1,085,281
Ulster
$2,009,921
$1,894,975
$1,867,461
$1,799,423
$1,686,251
Westchester
$7,995,163
$7,549,342
$7,114,892
$6,899,158
$6,458,815
$20,562,444
$19,547,633
$18,528,448
$17,953,212
$16,821,554
New York City
$217,563,550 $210,239,560
$201,485,244
$197,678,044
$187,727,833
New York State
$338,544,025 $329,204,367
$310,795,547
$304,249,878
$286,031,132
Hudson Valley
2005
2004
2003
Annual Percentage Change: Monthly Average
Counties
2007
2006
2005
2004
2003
Columbia
3.93%
2.87%
5.00%
6.36%
4.26%
Dutchess
4.85%
6.11%
3.69%
9.69%
3.85%
Greene
4.43%
6.46%
6.20%
6.33%
13.80%
Orange
5.89%
4.51%
2.98%
5.35%
2.64%
Putnam
2.74%
2.70%
1.73%
10.02%
5.27%
Rockland
5.44%
7.07%
2.35%
6.20%
0.19%
Sullivan
-0.81%
9.64%
2.00%
4.69%
5.52%
Ulster
6.07%
1.47%
3.78%
6.71%
3.81%
Westchester
5.91%
6.11%
3.13%
6.82%
3.86%
Hudson Valley
5.19%
5.50%
3.20%
6.73%
3.74%
New York City
3.48%
4.34%
1.93%
5.30%
-2.70%
New York State
2.84%
5.92%
2.15%
6.37%
2.56%
Data: New York State Office of Temporary and Disability Assistance
Compiled by: Bureau of Economic Research, Marist College
6/20/2008
105
The Rate of Inflation
Year-to-Year Percent Change in CPI-U
Jan 2002 to December 2007
Consumer Price Index (CPI-U) NY, NY -Northeastern NJ
2007
2006
2004
2003
2005
2002
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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%
1.95%
2.48%
2.52%
2.79%
2.19%
1.70%
2.24%
2.66%
2.82%
3.14%
2.98%
3.10%
Average
2.81%
3.78%
3.88%
3.53%
3.07%
2.55%
Consumer Price Index (CPI-U) US City Average
2007
2006
2005
2004
2003
2002
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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%
1.14%
1.14%
1.48%
1.64%
1.18%
1.07%
1.46%
1.80%
1.51%
2.03%
2.20%
2.38%
Average
2.85%
3.88%
3.39%
2.68%
2.27%
1.59%
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, Marist College
106
5/8/2008
107
2003
% Change NY/NJ CPI-U
2004
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
2002
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
2005
% Change US Cities CPI-U
2006
The Rate of Inflation Year-to-Year Change - 2002 to 2007
(All Urban Consumers)
2007
5/8/2008
Total Migration
Year 2005-2006
Number of Personal Tax Returns
INFLOWS
TO →
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Total
1220
5821
1154
8103
2338
4282
1761
3731
16668
New York State
843
4006
883
5070
1912
2417
1314
2692
10663
New York City
160
852
120
1071
461
1192
351
497
7688
Hudson Valley
369
2634
375
2611
1342
924
753
1760
1865
Connecticut and
New Jersey
26
357
10
834
102
795
38
119
1751
Tri-State Region
869
4363
893
5904
2014
3212
1352
2811
12414
Outside of TriState Region
351
1458
261
2199
324
1070
409
920
4254
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Total
1386
6,545
1055
8765
2808
6137
1794
3966
20171
New York State
816
3,277
737
3559
1730
2746
935
2246
9335
New York City
103
592
56
746
220
942
192
327
4999
Hudson Valley
286
2,037
224
2138
1342
1453
496
1416
3241
Connecticut and
New Jersey
10
287
0
680
259
1143
38
101
3378
Tri-State Region
826
3,564
737
4239
1989
3889
973
2347
12713
Outside of TriState Region
560
2,981
318
4526
819
2248
821
1619
7458
FROM ↓
OUTFLOWS
FROM →
TO ↓
Data Source: IRS
Compiled by: Bureau of Economic Research, School of Management, Marist College
108
6/11/2008
Migration within the Hudson Valley:
Year 2005-2006
Number of Personal Tax Returns
INFLOWS
TO →
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Columbia
0
130
105
0
0
0
0
31
20
Dutchess
196
0
48
386
211
33
32
707
424
Greene
71
12
0
11
0
0
0
118
12
Orange
0
358
21
0
36
366
499
618
240
Putnam
12
535
0
54
0
19
0
32
690
Rockland
10
70
0
900
22
0
35
44
372
Sullivan
0
16
0
318
0
18
0
112
32
Ulster
45
469
179
458
21
25
144
0
75
Westchester
35
1,044
22
484
1,052
463
43
98
0
OUTFLOWS
From →
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Columbia
0
196
71
0
12
10
0
45
35
Dutchess
130
0
12
358
535
70
16
469
1,044
Greene
105
48
0
21
0
0
0
179
22
Orange
0
386
11
0
54
900
318
458
484
Putnam
0
211
0
36
0
22
0
21
1,052
Rockland
0
33
0
366
19
0
18
25
463
Sullivan
0
32
0
499
0
35
0
144
43
Ulster
31
707
118
618
32
44
112
0
98
Westchester
20
424
12
240
690
372
32
75
0
FROM ↓
To ↓
Data Source: IRS
Compiled by: Bureau of Economic Research, School of Management, Marist College
109
6/11/2008
Columbia County
Migration: Year 2005-2006
1,600
1,400
1,200
1,000
800
600
400
200
0
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Inflows
1,220
843
160
369
26
869
351
Outflows
1,386
816
103
286
10
826
560
Inflows
Outflows
$280,000
$230,000
$180,000
$130,000
$80,000
$30,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Conn.
and NJ
Other
Tri-State than TriState
Average AGI Inflow
$56,727
$77,098
$87,265
$83,981
$47,087
$49,192
$86,125
$54,749
Average AGI Outflow
$56,727
$59,341
$67,760 $271,767 $35,129
$36,000
$67,375
$47,489
Data: IRS
Complied by: Bureau of Economic Research, Marist College
110
6/11/2008
Dutchess County
Migration: Year 2005-2006
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Inflows
5,821
4,006
852
2,634
357
4,363
1,458
Outflows
6,545
3,277
592
2,037
287
3,564
2,981
Inflows
Outflows
$120,000
$110,000
$100,000
$90,000
$80,000
$70,000
$60,000
$50,000
$40,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Conn.
and NJ
Other
Tri-State than TriState
Average AGI Inflows
$65,605
$55,592
$58,196
$75,302
$54,260
$58,978
$58,260
$47,610
Average AGI Outflows
$65,605
$53,396
$49,741
$50,986
$51,462 $118,718 $55,296
$51,125
Data: IRS
Complied by: Bureau of Economic Research, Marist College
111
6/11/2008
Greene County
Migration: Year 2005-2006
1,400
1,200
1,000
800
600
400
200
0
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri- State
Other Than
Tri-State
Inflows
1,154
883
120
375
10
893
261
Outflows
1,055
737
56
224
0
737
318
Inflows
Outflows
$70,000
$65,000
$60,000
$55,000
$50,000
$45,000
$40,000
$35,000
$30,000
NonMigrant
All
NYS
NYC
Hudson
Valley
$47,367
$45,023 $48,920
$68,008 $40,133
Average AGI Outflows $47,367
$41,760 $41,053
$47,321 $31,335
Average AGI Inflows
Data: IRS
Complied by: Bureau of Economic Research, Marist College
112
Other
Conn.
Tri- State Than Triand NJ
State
$50,700 $48,940
$0
$41,053
$31,621
$43,399
6/11/2008
Orange County
Migration: Year 2005-2006
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Inflows
8,103
5,070
1,071
2,611
834
5,904
2,199
Outflows
8,765
3,559
746
2,138
680
4,239
4,526
Inflows
Outflows
$80,000
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
NonMigrant
Average AGI Inflows
All
NYS
NYC
Hudson
Valley
Other
Conn.
Tri-State than Triand NJ
State
$62,704 $53,765 $56,299 $67,274 $53,291 $68,350 $58,002 $42,392
Average AGI Outflows $62,704 $53,278 $44,597 $43,674 $45,629 $63,985 $47,707 $58,496
Data: IRS
Complied by: Bureau of Economic Research, Marist College
113
6/11/2008
Putnam County
Migration: Year 2005-2006
3,000
2,500
2,000
1,500
1,000
500
0
All
NYS
NYC
Hudson
Valley
Conn. and NJ
Tri-State
Other than
Tri-State
Inflows
2,338
1,912
461
1,342
102
2,014
324
Outflows
2,808
1,730
220
1,342
259
1,989
819
Inflows
Outflows
$90,000
$80,000
$70,000
$60,000
$50,000
$40,000
$30,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Conn.
and NJ
Tri-State
Other
than TriState
Average AGI INflows
$82,379
$69,139
$72,454
$85,464
$68,495
$60,814
$71,864
$52,201
Average AGI Outflows
$82,379
$65,758
$60,450
$65,368
$60,949
$68,869
$61,546
$75,987
Data: IRS
Complied by: Bureau of Economic Research, Marist College
114
6/11/2008
Rockland County
Migration: Year 2005-2006
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
All
NYS
NYC
Inflows
4,282
2,417
1,192
Outflows
6,137
2,746
942
Inflows
Hudson
Valley
Conn. and NJ
Tri-State
Other than TriState
924
795
3,212
1,070
1,453
1,143
3,889
2,248
Outflows
$80,000
$70,000
$60,000
$50,000
$40,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Average AGI Inflows
$78,000
$62,312
$66,384
$69,107
$64,145
$67,795
$66,733
$49,037
Average AGI Outflows
$78,000
$62,742
$60,160
$54,861
$63,219
$69,761
$62,982
$62,328
Data: IRS
Complied by: Bureau of Economic Research, Marist College
115
6/11/2008
Sullivan County
Migration: 2005-2006
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
All
NYS
NYC
Inflows
1,761
1,314
389
753
Outflows
1,794
935
192
496
Tri-State
Other than TriState
38
1,352
409
38
973
821
Hudson Valley Conn. and NJ
Inflows
Outflows
$75,000
$70,000
$65,000
$60,000
$55,000
$50,000
$45,000
$40,000
$35,000
$30,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Average AGI Inflows
$47,188
$47,136
$47,657
$61,373
$42,250
$57,184
$47,925
$44,531
Average AGI Outflows
$47,188
$36,212
$35,138
$39,578
$34,754
$55,184
$35,921
$35,921
Data: IRS
Complied by: Bureau of Economic Research, Marist College
116
6/11/2008
Ulster County
Migration: Year 2005-2006
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Inflows
3,731
2,692
497
1,760
119
2,811
920
Outflows
3,966
2,246
327
1,416
101
2,347
1,619
Inflows
Other than
Tri-State
Outflows
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Average AGI Inflows
$52,737
$47,363
$51,702
$88,811
$44,518
$60,134
$52,059
$33,015
Average AGI Outflows
$52,737
$39,681
$40,932
$55,193
$38,576
$53,089
$41,455
$37,108
Data: IRS
Complied by: Bureau of Economic Research, Marist College
117
6/11/2008
Westchester County
Migration: Year 2005-2006
25,000
20,000
15,000
10,000
5,000
0
All
NYS
NYC
Hudson
Valley
Conn. and
NJ
Tri-State
Other than
Tri-State
Inflows
16,668
10,663
7,688
1,865
1,751
12,414
4,254
Outflows
20,171
9,335
4,999
3,241
3,378
12,713
7,458
Inflows
Outflows
$110,000
$100,000
$90,000
$80,000
$70,000
$60,000
$50,000
NonMigrant
All
NYS
NYC
Hudson
Valley
Average AGI Inflows
$103,490
$84,710
$85,569
$92,617
Average AGI Outflows
$103,490
$80,895
$67,258
$63,355
Data: IRS
Complied by: Bureau of Economic Research, Marist College
118
Conn. and
NJ
Tri-State
Other than
Tri-State
$59,982
$94,709
$86,858
$78,442
$68,729
$104,870
$77,252
$87,105
6/11/2008
Existing Home Sales
2003-2007
County
Columbia
2007
516
2006
534
2005
631
2004
606
2003
581
% Change
2007-2006
-3.37%
Dutchess
2437
2759
2,985
2,880
2,284
-11.67%
-7.57%
3.65%
Greene
277
343
345
346
346
-19.24%
-0.58%
-0.29%
Orange
2679
3053
3,555
4,384
3,613
-12.25%
-14.12%
-18.91%
Putnam
764
852
1,088
1,122
1,154
-10.33%
-21.69%
-3.03%
1494
1585
1,760
2,509
2,257
-5.74%
-9.94%
-29.85%
350
655
708
620
562
-46.56%
-7.49%
14.19%
Ulster
1288
1345
1,494
1,560
1,322
-4.24%
-9.97%
-4.23%
Westchester
5119
5164
6,019
6,118
5,537
-0.87%
-14.21%
-1.62%
Hudson Valley Total
14873
16290
18,584
20,169
17,656
-8.70%
-12.34%
-7.86%
New York State
92,308
101,131
104,949
102,726
94,196
-8.72%
-3.64%
2.16%
5,652,000 6,478,000 6,178,000 6,781,000 6,101,000
-12.75%
4.86%
-8.89%
Rockland
Sullivan
**U.S.
% Change
% Change
2006-2005
2005-2004
-15.37%
4.13%
Median Annual Selling Price (in Dollars)
2003-2007
County
2007
2006
2005
2004
2003
% Change
2007-2006
% Change
2006-2005
% Change
2005-2004
Columbia
$239,313 $232,250 $233,688 $206,781 $162,175
3.04%
-0.62%
13.01%
Dutchess
$332,500 $350,000 $339,313 $301,750 $267,500
-5.00%
3.15%
12.45%
Greene
$169,438 $174,500 $160,688 $140,050 $120,925
-2.90%
8.60%
14.74%
Orange
$321,438 $320,000 $315,225 $296,250 $234,475
0.45%
1.51%
6.41%
Putnam
$402,250 $410,000 $410,100 $378,925 $353,463
-1.89%
-0.02%
8.23%
Rockland
$495,000 $495,000 $495,238 $467,950 $375,875
0.00%
-0.05%
5.83%
Sullivan
$173,350 $170,330 $157,488 $133,000 $104,188
1.77%
8.15%
18.41%
Ulster
$254,750 $250,000 $248,263 $215,250 $179,800
1.90%
0.70%
15.34%
Westchester
$676,250 $669,000 $665,750 $628,750 $555,250
1.08%
0.49%
5.88%
Hudson Valley*
$340,476 $341,231 $336,194 $307,634 $261,517
-0.22%
1.50%
9.28%
New York State
$239,000 $248,500 $256,899 $242,240 $199,475
-3.82%
-3.27%
6.05%
U.S.
$219,000 $221,900 $219,600 $195,400
-1.31%
1.05%
12.38%
NA
* Estimate
Source: NYSAR, (**NAR)
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
119
6/11/2008
Average Annual Selling Price (in Dollars)
2003-2007
County
Columbia
% Change % Change % Change
2007
2006
2005
2004
2003
2007-2006 2006-2005 2005-2004
$328,380 $298,062 $309,609 $282,693 $219,760
10.17%
-3.73%
9.52%
Dutchess
$393,438 $405,247 $391,454 $346,544 $306,366
-2.91%
3.52%
12.96%
Greene
$201,739 $194,204 $188,750 $153,193 $133,200
3.88%
2.89%
23.21%
Orange
$403,946 $407,279 $392,637 $297,172 $274,250
-0.82%
3.73%
32.12%
Putnam
$463,688 $467,000 $469,137 $424,026 $391,032
-0.71%
-0.46%
10.64%
Rockland
$689,309 $695,257 $690,697 $462,966 $448,580
-0.86%
0.66%
49.19%
Sullivan
$279,645 $197,099 $188,826 $154,245 $133,212
41.88%
4.38%
22.42%
Ulster
$311,033 $292,353 $296,342 $250,669 $221,532
6.39%
-1.35%
18.22%
Westchester
$935,930 $900,695 $879,976 $826,799 $733,464
3.91%
2.35%
6.43%
Hudson Valley
$601,083 $568,486 $560,894 $481,492 $439,340
5.73%
1.35%
16.49%
New York State
$346,684 $336,060 $340,286 $293,959 $270,100
3.16%
-1.24%
15.76%
U.S.
$266,000 $268,200 $256,550 $235,419 $216,523
-0.82%
4.54%
8.98%
Difference Between Average and Median Selling Price (in Dollars)
2003-2007
County
2007
2006
2005
2004
2003
% Change
2007-2006
% Change
2006-2005
% Change
2005-2004
Columbia
$89,067
$65,812
$75,921
$75,912
$57,585
35.34%
-13.32%
0.01%
Dutchess
$60,938
$55,247
$52,141
$44,794
$38,866
10.30%
5.96%
16.40%
Greene
$32,301
$19,704
$28,062
$13,143
$12,275
63.93%
-29.78%
113.51%
Orange
$82,509
$87,279
$77,412
$922
$39,775
-5.47%
12.75%
NM
Putnam
$61,438
$57,000
$59,037
$45,101
$37,569
7.79%
-3.45%
30.90%
Rockland
$194,309 $200,257 $195,459
-$4,984
$72,705
-2.97%
2.45%
NM
Sullivan
$106,295
$26,769
$31,338
$21,245
$29,025
297.08%
-14.58%
47.51%
$56,283
$42,353
$48,079
$35,419
$41,732
32.89%
-11.91%
35.74%
Westchester
$259,680 $231,695 $214,226 $198,049 $178,214
12.08%
8.15%
8.17%
Hudson Valley*
$260,606 $227,255 $224,699 $173,858 $177,823
14.68%
1.14%
29.24%
New York State
$107,684
$87,560
$83,387
$51,719
$70,625
22.98%
5.00%
61.23%
$47,000
$46,300
$36,950
$40,019
NA
1.51%
25.30%
-7.67%
Ulster
U.S.
* estimate
Source: NYSAR, (**NAR)
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
120
6/11/2008
Median and Average Quarterly Sales Data 2000-2007
Columbia County
Median
Average
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
2000
2001
2002
2003
2004
2005
2006
2007
Dutchess County
Median
Average
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
2000
2001
2002
2003
2004
2005
2006
2007
Greene County
Median
Average
$225,000
$200,000
$175,000
$150,000
$125,000
$100,000
$75,000
$50,000
$25,000
$0
2000
2001
2002
2003
2004
Data Source: NYSAR
Compiled by the Marist College Bureau of Economic Research, Marist College
121
2005
2006
2007
6/20/2008
Median and Average Quarterly Sales Data 2000-2007
Orange County
Median
Average
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
2000
2001
2002
2003
2004
2005
2006
2007
2005
2006
2007
Putnam County
Median
Avgerage
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
2000
2001
2002
2003
2004
Rockland County
Median
Average.
$1,150,000
$1,000,000
$850,000
$700,000
$550,000
$400,000
$250,000
$100,000
2000
2001
2002
2003
2004
Data Source: NYSAR
Compiled by the Marist College Bureau of Economic Research, Marist College
122
2005
2006
2007
6/20/2008
Median and Average Quarterly Sales Data 2000-2007
Sullivan County
Median
Average
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
2000
2001
2002
2003
2004
2005
2006
2007
2005
2006
2007
2005
2006
2007
Ulster County
Median
Average
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
2000
2001
2002
2003
2004
Westchester County
Median
Average
$1,050,000
$975,000
$900,000
$825,000
$750,000
$675,000
$600,000
$525,000
$450,000
$375,000
$300,000
2000
2001
2002
2003
2004
Data Source: NYSAR
Compiled by the Marist College Bureau of Economic Research, Marist College
123
6/20/2008
Annual Number of Construction Permits
Single Family Homes
% Change
2006-2005
2003 2007-2006
Counties
2007
2006
2005
2004
Columbia
223
224
287
117
67
-0.45%
-21.95%
Dutchess
472
736
623
872
1,026
-35.87%
18.14%
Greene
247
323
320
105
54
-23.53%
0.94%
Orange
861
1,033
1,244
1,445
1,405
-16.65%
-16.96%
Putnam
83
129
141
206
286
-35.66%
-8.51%
Rockland
324
307
308
210
197
5.54%
-0.32%
Sullivan
420
554
740
401
219
-24.19%
-25.14%
Ulster
418
531
767
443
228
-21.28%
-30.77%
Westchester
464
434
780
934
876
6.91%
-44.36%
4,271
5,210
4,733
4,358
-17.77%
-18.02%
Hudson Valley
3,512
Annual Number of Construction Permits
All Residential Construction (# of Buildings)
Counties
2007
2006
2005
2004
% Change
2006-2005
2003 2007-2006
Columbia
230
233
293
117
69
-1.29%
-20.48%
Dutchess
506
750
634
904
1,045
-32.53%
18.30%
Greene
250
325
327
112
54
-23.08%
-0.61%
Orange
905
1080
1321
1,498
1,518
-16.20%
-18.24%
Putnam
89
133
141
207
290
-33.08%
-5.67%
Rockland
371
362
348
269
248
2.49%
4.02%
Sullivan
471
625
778
441
220
-24.64%
-19.67%
Ulster
433
536
790
459
233
-19.22%
-32.15%
Westchester
556
497
847
1,083
984
11.87%
-41.32%
5,090
4,661
-16.08%
-17.12%
Hudson Valley
3,811
4,541
Data: U.S. Census Bureau
Complied by: Bureau of Economic Research, Marist College
5,479
6/8/2008
124
Annual Dollar Cost of Construction Single Family Homes
Counties
2007
2006
2005
2004
Columbia
52,377,806
54,053,396
70,322,585
Dutchess
96,671,081
154,048,551
177,699,719
207,898,500
Greene
53,105,236
57,135,027
55,683,143
Orange
160,487,926
189,404,978
Putnam
27,445,262
Rockland
-23.14%
201,597,563
-37.25%
-13.31%
16,156,157
7,022,479
-7.05%
2.61%
214,025,745
246,866,692
214,986,585
-15.27%
-11.50%
42,392,642
42,503,964
50,781,492
55,236,442
-35.26%
-0.26%
65,124,840
65,689,936
68,443,950
48,672,414
43,423,114
-0.86%
-4.02%
Sullivan
80,576,632
101,382,701
112,176,237
52,802,002
24,548,895
-20.52%
-9.62%
Ulster
90,065,971
107,806,325
153,153,240
82,205,080
35,817,203
-16.46%
-29.61%
Westchester
207,069,651
213,963,490
263,772,800
296,289,502
250,023,711
-3.22%
-18.88%
Hudson Valley
832,924,405
$844,283,626
-15.51%
-14.85%
1,157,781,383 $1,021,597,514
$11,627,634
% Change
2007-2006 2006-2005
-3.10%
985,877,046
$19,925,675
2003
Annual Dollar Cost of Construction All Residential Construction
Counties
2007
2006
2005
2004
Columbia
54,336,893
58,073,544
71,125,585
Dutchess
134,811,581
161,798,551
189,095,719
221,325,439
Greene
53,655,236
57,635,027
58,733,143
Orange
189,860,955
221,848,499
Putnam
31,851,552
Rockland
Sullivan
$12,109,634
% Change
2007-2006 2006-2005
-6.43%
-18.35%
210,956,785
-16.68%
-14.44%
17,666,884
7,022,479
-6.91%
-1.87%
258,326,383
273,253,352
246,871,656
-14.42%
-14.12%
44,648,967
42,503,964
51,478,674
62,530,042
-28.66%
5.05%
96,123,605
106,642,755
85,254,584
67,419,788
58,184,679
-9.86%
25.09%
90,517,632
114,335,201
126,581,537
60,321,970
25,878,750
-20.83%
-9.67%
Ulster
111,383,951
115,546,325
164,526,059
88,193,425
36,653,203
-3.60%
-29.77%
Westchester
548,799,763
272,219,151
300,981,571
441,150,329
363,453,426
101.60%
-9.56%
13.76%
-11.13%
Hudson Valley 1,311,341,168 1,152,748,020
$19,925,675
2003
1,297,128,545 $1,240,735,536 $1,023,660,654
Data: U.S. Census Bureau
Complied by: Bureau of Economic Research, Marist College
6/8/2008
125
126
-46
3,069
204
556
549
40
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
15,741
-9,538
1,636
309
433
329
75
3,642
263
637
-372
2006
249,203
11,928
1,891
681
2,106
587
5,601
498
3,297
631
2007
Births
247,783
12,093
1,757
884
4,777
1,138
5,325
432
3,159
592
2006
Data Source: U.S. Census Bureau
Complied by: Bureau of Economic Research, School of Management, Marist College
* Residuals arise when a state or county challenges an estimate and
the U.S. Census Bureau accepts the challenge.
New York State
3,245
544
Dutchess
Westchester
-227
2007
Total Population
Change
Columbia
County
153,730
7,195
1,530
681
2,106
587
2,521
513
2,248
657
2007
156,561
7,377
1,615
713
1,990
591
2,518
575
2,323
736
2006
Deaths
53
111,607
6,338
187
102
1,380
206
656
20
636
2007
124,371
6,996
235
130
1,545
226
975
34
738
58
2006
Net International
Migration
-189,765
-7,744
-558
156
-3,270
-462
-739
-48
-1,196
-271
2007
-225,766
-10,104
-107
118
-4,009
-712
-226
370
-990
-293
2006
Net Internal Migration
Estimates of the Components of Population Change
July 1, 2005 to July 1, 2006 and July 1 2006 to July 1, 2007
460
72
-3
55
17
-1,574
-82
50
291
2,446
2007
635
28
39
14
6
14
86
2
53
7
5/8/2008
2006
Residual*
127
3.52%
2007-2006
-6.07%
2.96%
3.08%
1.03%
6.78%
8.16%
6.89%
-1.35%
4.52%
$1,241,935,574
2007
$29,746,165
$153,483,935
$27,244,420
$221,891,371
$45,888,246
$169,716,412
$34,773,456
$96,959,053
$462,232,516
$1,171,396,866
2005
$30,387,155
$153,789,345
$25,203,780
$212,411,769
$37,989,168
$155,461,881
$31,543,725
$94,371,372
$430,238,671
2.42%
2006-2005
4.22%
-3.06%
4.87%
3.39%
13.12%
0.93%
3.13%
4.14%
2.79%
7.95%
2005-2004
6.19%
3.96%
11.31%
16.75%
3.78%
5.16%
5.09%
3.18%
8.07%
Yearly Percentage Change
$1,199,746,376
2006
$31,668,939
$149,078,594
$26,431,417
$219,619,088
$42,974,171
$156,905,915
$32,531,975
$98,281,471
$442,254,806
Source: NYS Department of Taxation and Finance
Compiled by Bureau of Economic Research, School of Management, Marist College
Hudson Valley
County
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Hudson Valley
County
Columbia
Dutchess
Greene
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
Total Sales Tax Collection
Years 2007-2002
12.43%
2004-2003
6.00%
14.83%
8.75%
20.06%
7.00%
1.08%
20.38%
2.02%
16.41%
$1,085,148,057
2004
$28,615,352
$147,933,116
$22,642,246
$181,933,402
$36,605,169
$147,829,373
$30,014,631
$91,463,759
$398,111,009
7.19%
15.84%
5.73%
3.40%
4.62%
18.68%
10.71%
8.00%
1.64%
2003-2002
7.59%
$965,201,267
2003
$26,996,809
$128,831,444
$20,820,638
$151,534,021
$34,211,919
$146,248,414
$24,932,819
$89,649,405
$341,975,798
9.61%
2002-2001
9.29%
4.27%
6.44%
11.39%
21.85%
21.67%
18.31%
9.27%
5.58%
5/8/2008
$900,472,676
2002
$25,092,772
$111,217,081
$19,692,787
$146,555,138
$32,699,867
$123,231,352
$22,520,587
$83,010,457
$336,452,635
Bankruptcies by Court District 2002-2007
2002
2003
2004
2005
2006
2007
Southern (HV)
16,407
17,548
20,729
26,856
5,732
7,674
Northern
16,309
17,399
17,501
24,148
8,653
10,345
Eastern
26,216
25,949
26,445
36,589
8,808
12,726
Western
13,347
14,894
15,285
21,979
7,023
8,628
Total for New York State
72,279
75,790
79,960
109,572
32,222
41,380
District
Change From Prior Year
District
2002
2003
2004
2005
2006
2007
Southern (HV)
10.1%
7.0%
18.1%
29.6%
-78.7%
33.9%
Northern
3.5%
6.7%
0.6%
38.0%
-64.2%
19.6%
Eastern
2.9%
-1.0%
1.9%
38.4%
-75.9%
44.5%
Western
3.5%
11.6%
2.6%
43.8%
-68.0%
22.9%
Total for New York State
4.7%
4.9%
5.5%
37.0%
-70.6%
28.4%
Bankruptcies within New York State by District 2002-2007
120,000
100,000
80,000
60,000
40,000
20,000
0
2002
Southern (HV)
2003
2004
Northern
2005
Eastern
Western
Source: United States Courts, Statistical Division
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
128
2006
2007
Total for New York State
6/19/2008
Total Bankruptcy Filings By Chapter
Total Filings
2001
2002
2003
2004
2005
2006
2007
69,045
72,279
75,790
79,960
109,572
9,299
47,304
Total Business
2001
2002
2003
2004
2005
2006
2007
2,429
2,582
1,945
4,063
2,106
335
1,704
Total Non-Business
2001
2002
2003
2004
2005
2006
2007
66,616
69,697
73,845
75,897
107,466
8,964
45,600
Chapter 7
54,923
56,134
59,704
61,938
94,576
6,430
33,125
Chapter 7
853
717
634
657
931
172
861
Chapter 7
54,070
55,417
59,070
61,281
93,645
6,258
32,264
Chapter 11
Chapter 12
1,427
1,754
1,180
3,174
1,049
123
631
Chapter 11
10
14
28
5
19
0
32
Chapter 12
1,368
1,679
1,119
3,139
985
116
590
Chapter 11
Chapter 13
Chapter 13
10
14
28
5
19
5
32
Chapter 12
59
75
61
35
64
7
41
Source: United States Courts, Statistical Division
Compiled by the Marist College Bureau of Economic Research, School of Management, Marist College
129
12,659
14,342
14,836
14,733
13,876
2,734
13,484
172
139
122
152
128
36
189
Chapter 13
0
0
0
0
0
0
0
12,487
14,203
14,714
14,581
13,748
2,698
13,295