HUDSON VALLEY REVIEW
First Quarter 2003
Marist College
Dr. Ann Davis, Director
Bureau of Economic Research
School of Management
Poughkeepsie, NY 12601
June 2003
This report and backup files are available on the Bureau of Economic Research homepage at
http://www.marist.edu/management/bureau
The assistance of Kevin Edson, Shivan Durbal, and Chris Trocino is gratefully
acknowledged. Also, the cooperation of the Council of Industry of Southeastern
New York is appreciated in the conduct of the Business Confidence Survey.
TABLE OF CONTENTS
FIRST QUARTER 2003
Summary and Highlights
National Review
Hudson Valley Review
Special Focus
1
3
8
10
EXHIBITS
Employment - U.S.
Regional Employment
Homes Sales and Prices
Tourism
Airport Traffic
Sales Tax Collection
Consumer Price Index
Bankruptcies
Financial Assistance
Special Focus: Business Confidence Survey
14
16
25
30
32
35
36
38
39
45
Hudson Valley Review
Summary and Highlights
In spite of slow growth at the national level, and constrained state and local
finance, the Hudson Valley region showed a gain in jobs held by residents, and a
4% unemployment rate for the region as a whole. The jobs actually located in the
region remained steady, in spite of continuing declines in manufacturing
employment.
Home sales declined by 12% for the region, while average and median price of
homes sold continued to increase. Permits for residential construction, an
indicator of future housing sector activity, declined by over 25%.
Using one measure of tourism to the region, visitors at the Roosevelt/Vanderbilt
sites declined from the same quarter one year ago.
Passenger traffic increased at Stewart Airport by 5%, although cargo traffic
declined. There were slight declines in Westchester County Airport as well.
Sales tax revenue collections declined for the region in first quarter, an unusual
development, although the declines are small.
The bankruptcy rate for the southern district exceeded the average for New York
State and the U.S., but this district also includes New York City. The northern
district, which also includes some counties in the region, combines a total of 32
upstate New York counties.
Transfer payments to needy families declined in terms of total recipients and
expenditures for the first quarter, but increased in the safety net, a New York State
program. There were increased numbers of recipients and expenditures for the
entire region for food stamps, and a mixed pattern for supplemental security
income.
Consumer Price Index increased by over 3% for the first quarter in the New
York/New Jersey region, a faster rate than the average for all U.S. cities.
Special Focus
Business Confidence
In cooperation with the Council of Industry of Southeastern New York, a business
confidence survey of regional companies was conducted in May, 2003. Expectations for
profits, sales, investment, and employment remain strong, although with some
deterioration compared with the same survey conducted last fall.
Farmland
The region has lost almost 70% of its farmland since 1940, with a simultaneous gain of
more than 80% of population. Specific policies are needed to balance growth and open
space, to preserve this vital sector of the regional economy.
Select River Cities
Although the bulk of the population growth in recent decades has occurred in the
suburban areas, several river cities have gained population, income, and value of housing
stock. While all the cities included in this focus lost in the share of households composed
of families with children from 1970 to 2000, two at least gained in this population
segment from 1990 to 2000, Sleepy Hollow and Irvington. Rental units comprise from
20% to 70% of the housing stock in the river cities in 2000, adding an element of
affordable housing, but possibly weakening the personal investment in maintaining home
values. Still, the city with the highest share of rental housing, Newburgh, also had the
largest increase in the value of owner-occupied housing from 1980 to 1990, among those
areas for which data is available.
Prospects
Given the resilience of the regional employment to date, and the combined effect of
highly expansionary federal monetary and fiscal policies, the prospects look favorable for
continued growth in jobs held by residents in the region. The region will also gain from
recent improvements in the stock market, from the Wall Street spill over, and from a
gradual recovery in tourism. Nonetheless, employment growth for jobs located in the
region will face stiff obstacles, from continuing global excess capacity in manufacturing,
holding action in finance, and continuing decline in government employment.
National Review
Gross domestic product increased by 1.9% in the first quarter, 2003, the sixth consecutive
quarterly output gain. The first quarter rate of growth was higher than fourth quarter pace
of 1.4%, 2002, but lower than the full year rate of 2.4% in 2002. Consumer spending
increased by 2%, faster than the fourth quarter, but slower than the full year of 2002 pace
of 3.1%. Gross domestic investment decreased by 3.3%, the first decline since fourth
quarter, 2001. Equipment and software spending decreased by 6.3% for the first time
since first quarter, 2002. The only major category of investment to increase in the first
quarter was residential investment. Residential investment increased rapidly, at 11%,
higher than fourth quarter, 2002 pace of 9.4%. This quarterly increase in residential
construction continues a series of consecutive increases since first quarter, 2002,
benefiting from the record low interest rates.
Government spending increased by a slight .3%, while state and local spending declined
by .1%.
Exports fell for the second quarter in a row, in spite of the declining dollar. Imports fell
more rapidly, perhaps due to higher dollar prices of imports as the dollar weakens. The
decline in imports was the first since fourth quarter, 2001.
The implicit price deflator, a measure of inflation for the entire gross domestic product,
increased by 2.5%, the fastest rise since second quarter, 2001, and more rapid than the
full year pace of 1.1% for 2002.
The recession which began in 2001 has not yet been officially declared over, by the
National Bureau of Economic Research, the official group responsible for dating of
business cycles. One reason for the delay is the continuing loss of jobs, in spite of the six
quarters of increase in output. A total of 525,000 jobs has been lost in the last three
months, and 2.1 million since the recession began in March, 2001. There are 9.2 million
people who are unemployed, and another 4.8 million working involuntary part-time, an
increase of nearly 50% since 2001. Typically the previous peak levels of employment
are regained by two years after the onset of the recession, in the usual post-war business
cycle. The 2001 recession, as well as the 1991 recession, have both taken much longer,
due to productivity growth and international competition. A sector with global
competition like manufacturing has lost 1.7 million jobs in the last two years, while
health and education have increased employment.
Total compensation for all civilian workers increased by 3.9% for the full year ending
March, 2003, the same as the previous year, and down from the pace exceeding 4% in
2000 and 2001. Wages and salaries increased by only 2.9%, while benefit costs
increased by 6.1%.
With the passage of an additional federal tax cut package, and record low interest rates,
the operant macroeconomic policy is wide-open spigots, in terms of as much stimulus as
possible.
The low interest rates have provided a boost to the housing market, as the Fed has
repeatedly cut interest rates over the past 2 ½ years. This housing market effect may
have been more significant than the stock market, as 68% of families own homes, as of
2001, which had a $122,000 median market value, while 52% owned stocks, with a
median value of $34,000. Housing starts hit a 16-year high of 1.7 million in 2002.
Several long-term indicators reveal the impact of housing on the macro economy. The
per capita value of real residential structures was $12,500 in 1920, and rose to $32,700 in
2001, in constant 1996 dollars. Home mortgage debt as a share of total nonfinancial debt
was 5% in 1945 and rose to 30% in 2001. Homes represent a significant financial asset
for most families, and a transmission belt for monetary policy.
Still, in first quarter, 2003, the pace of the housing market may be slowing. At the end of
the first quarter, the supply of available homes was 5.1 months at the current sales pace,
up from 4.3 months in December, 2002. The increase in median home price rose 6.8%
from one year ago to $163,400, down from 8.4% in the fourth quarter of 2002. The
average home price rose 2% in April to $268,200.
As reported in the New York Times on June 3, 2003, the rate of appreciation in home
prices nationally is near metropolitan areas where the prices of housing are being bid up
on the fringes in the search for more affordability.
With the end of the Iraq war and the strong stimulus policies, the major stock market
indices have been improving. The Dow Jones average rose 4.4% in May, 2003, and the
NASDAQ increased 9%, its fourth straight month of gains. The Standard & Poors 500
rose 5.1% in May, the third straight month of gains. Although the Dow remains below
9,000 and the NASDAQ below 2,000, still the gains for the most recent period have been
impressive.
The University of Michigan index of consumer confidence rose to 92.1 in May, the
highest in a year, from 86 in April.
The federal funds rate was 1.31% and the 30 year Treasury bond at 4.37%. Mortgage
interest rates remain low enough to stimulate refinancing, and fuel consumer spending.
Risks to the U.S. economy include the persistent trade deficit and the growing federal
budget deficit. Both combined would tend to lead to increasing trade deficits and a
weaker dollar, now the explicit policy stated by the Treasury Secretary Snow.
A lower dollar can aid corporate profits by the restatement of earnings abroad in dollar
terms. A lower dollar can also boost exports. On the other hand, continuing imports can
be more costly, as the dollar falls. The lower dollar may not stimulate exports from the
U.S. mainland when U.S.-based multinational corporations already have a globalized
production system. Further, products which are priced in dollars, such as oil, or imports
from countries whose currency is pegged to the dollar, like China, will not change.
Currently the largest items in the U.S. trade deficit are from China and are oil imports. If
the weakening trend of the dollar continues, or accelerates, ultimately the Fed would have
to raise interest rates to protect the dollar, ending the present stimulative low-interest rate
policy.
Anticipating a lower dollar, European investors are pulling funds out of the U.S. In
Japan, by contrast, investors are continuing to invest in the U.S. financial markets, due to
low domestic returns and falling stock prices at home, as well as the continuing Japanese
trade surplus with the U.S.
Globally there is competition for capital investment, from alternate investments in Eurodenominated assets, or in Yuan-denominated assets in China. Gold funds may be
increasingly popular, as well, as the precious metal market benefits from a falling dollar.
Regional Review
New York State, as well as several other states, face budget shortfalls. This may lead to
cuts in state government employment, and less revenue sharing for local areas. This
trend would exacerbate the tendency to raise local taxes and to cut local services, already
evident in other parts of the country.
Hudson Valley Review
Employment
Place of Residence
According to employment statistics released by the New York State Department of
Labor, based on new definitions and Census 2000 benchmarks, jobs held by residents
increased by 2.4% for the first quarter, 2003, over one year ago. The largest gains were
in Columbia and Greene, and the only decline was in Sullivan. New York City
employment declined by 1.76%, while New York State had a small gain of .5%.
The unemployment rate decreased in every county and for the entire region, as jobs grew
faster than labor force, or declined less rapidly, in the case of Sullivan County. The first
quarter unemployment rate for the region was 4%, compared with 9% for New York City
and 6.65% for New York State.
The unemployment rate for selected cities is roughly double the respective county
average, in cities such as the City of Poughkeepsie and Newburgh. The trend in
Poughkeepsie is worsening relative to Dutchess County, compared with the same quarter
one and two years ago, while Newburgh is gaining slightly relative to Orange County.
Place of Work
Jobs located in the region were roughly constant in first quarter, 2003, compared with the
same quarter one year ago, with a growth of only .3%, and declined slightly from the
same quarter two years ago. The growth of jobs located in the Albany area was slightly
higher, at almost .5%, while New York City and New York State both declined.
In the Hudson Valley region, private jobs grew by .5% while government jobs declined
by .5%. Manufacturing jobs declined by 3.9% from one year ago, along with the
information and hospitality sectors. The strongest growth was in construction, business
services, and trade.
Jobs increased most rapidly in Greene, Putnam, Dutchess, and Columbia, and declined in
Sullivan, Ulster, and Rockland.
Manufacturing declined by nearly 10% from the first quarter two years ago in the Hudson
Valley, but the rates of decline were even greater in Albany area, New York City, and
New York State over the same period.
Longer term comparisons are complex because of the change in industry code from SIC
to NAICS and with a new benchmark from the 2000 Census.
Home Sales and Prices
The number of homes sold in the region decreased from one year ago, even after
adjusting for reporting problems in one county. The declines in the numbers sold were
observed in all counties except Orange and Rockland. The average selling price
increased by 13% for the region as a whole, and the median price of homes sold also
increased in all counties.
The average number of construction permits for first quarter, 2003, decreased by nearly
30% for the region for single family homes. The declines were observed in all counties
except Greene and Dutchess. The same pattern was observed for all residential
construction. The average value per permit increased by nearly 10% for the region for
single family homes, with declines only in Sullivan and Ulster. The pattern for all
residential construction was mixed.
Tourism
According to one indicator, the number of visitors taking tours at the
Roosevelt/Vanderbilt sites in first quarter, 2003, declined by over 30% from the same
quarter one year ago. The declining trend in first quarter visits has been in place roughly
since 1985. The decline was smaller when tours and visits to the grounds were included,
with indications of an increasing trend since 1993.
Air Traffic
The number of passengers at Stewart Airport increased by roughly 5% in first quarter,
2003, from one year ago. This increase reverses a long declining trend from 1997, due to
the declining number of carriers and fallout from September 11, 2001. The national
context at present is more favorable for small, regional airlines than for the large national
carriers. Cargo tonnage at Stewart declined, nonetheless, for the first quarter.
Westchester County Airport decreased by 2% - 5% for the first quarter, continuing a
pattern of slight declines since 2001.
Retail Sales
One indicator of retail sales, sales tax revenue collections, decreased by 2% for the region
in first quarter, 2003. The decrease was noted in all counties except Columbia and
Rockland, with essentially no change in Ulster. While quarterly changes are affected by
staggered reporting schedules by sector, this is the first decline in first quarter sales tax
revenue since at least 1985.
Bankruptcies
Regional bankruptcies in the Hudson Valley increased in the first quarter, but the exact
rate cannot be determined because of differing regional definitions.
Transfer Payments
Recipients of the new welfare program, Temporary Assistance to Needy Families
(TANF) decreased in most counties, while recipients in the safety net sponsored by New
York State increased for the quarter, compared with one year ago. Expenditures followed
a similar pattern.
Food stamps recipients and expenditures increased in all counties in the first quarter. The
pattern for recipients and expenditures for Supplemental Security Income was mixed
across the region, with little change in overall regional trends.
Inflation
The rate of increase of consumer prices was over 3% in the New York/New Jersey
Metropolitan Area. The average for all U.S. cities was 2.9% for the first quarter. The
implication is that the problem of deflation recently voiced at the national level is not a
particular concern in this region.
Special Focus
Business Confidence Survey
A total of 136 firms responded to the business confidence survey of Spring, 2003,
conducted in May, 2003. The sample was distributed across the region and included
manufacturing firms as roughly half of the respondents.
By examining the average rank of the responses, it is possible to compare the responses
this spring with the same survey conducted in November, 2002. The average rank for
expected profits and sales next year decreased slightly, compared with the fall survey.
There was virtually no change in the average rank regarding expectations of materials
prices and investment. There was a slight decline in expected employment levels for next
year.
Overall the responses remained optimistic. Nearly half, 47% of the respondents,
expected profits to be higher or much higher next year, compared with only 6.6% who
expect lower or much lower. Over half, or 51.4%, expect sales to be higher or much
higher next year, compared with 6.6% who expect lower or much lower sales.
Only 36.7% expect materials prices to be higher or much higher next year, compared
with 55.8% who experienced higher materials prices last year. Over one quarter, 25.7%,
expect investments to be higher or much higher next year, compared with only 9.6% who
expect investment to be lower. Nearly one quarter, 23.6%, expect employment to be
higher or much higher next year, compared with only 5.9% who expect employment to be
lower.
Trends in Agriculture
Based on statistics from the New York State Department of Agriculture, acreage in farms
decreased by 70% for the region, including Albany and Rensselaer, while population
increased by over 80%, from 1940 to 1998. For some counties, such as Putnam and
Rockland, the acreage in farms decreased by over 90%. The counties with farm acreage
exceeding 100,000 include Columbia, Dutchess, and Rensselaer. Columbia, Dutchess,
Rensselaer, and Ulster had the greatest amount of farm acreage at the beginning of the
period. While the loss of farmland can be partially explained by the growth in
population, specific land use policies, such as farmland preservation, and clustered
development, can preserve open space even with the steady growth of population.
Support for the economic vitality of regional agriculture can also help sustain this aspect
of the diverse regional economy.
Select River Cities
The comparison of select river cities with the relevant counties will help assess the equity
of growth in the region, as well as efficiency of land use in the past thirty years, along
with the promise and challenges of future urban development.
Population
Most cities for which data is available grew from 1970 to 2000 except Yonkers and
Poughkeepsie, while only Hyde Park and Hudson lost population in this most recent
decade.
Yonkers remained the largest city, with a population more than six times greater than the
next largest cities, Newburgh and Poughkeepsie.
The fastest growing city was Sleepy Hollow, with a population increase of 11.85%,
roughly double the rate of growth of Westchester County, 5.55%. The fastest growing
counties over this period, Orange and Rockland, followed closely by Dutchess and
Ulster, grew more rapidly than their respective cities, suggesting that most of the growth
took place in outer suburban areas.
All the cities gained in diversity, although Hyde Park retained the highest percent of
white population, and Newburgh and Haverstraw had the lowest.
Poughkeepsie, Newburgh, and Beacon had the highest percent of African American
population, while Irvington had the lowest.
Education and Income
Irvington and Sleep Hollow had the highest average income per family, in 1990, the latest
year for which data is available, while Haverstraw and Kingston had the lowest. The
income level in Irvington was over five times as large as the family income in
Haverstraw, a relatively wide differential. Irvington also had the most rapid growth in
average income per family from 1980 to 1990, which more than doubled, while the
lowest rate of growth was 85% in Haverstraw.
Irvington and Sleepy Hollow were the most educated, while Hudson was the least,
measured by the portion of the population with more than high school. More than one
half of the Irvington population and more than one third of Sleep Hollow have completed
at least some college. In Hudson and Haverstraw, the portion was less than 10%. All
areas showed an increase in educational attainment over the last decades.
Household Composition
A significant trend for all of the cities along the river was a dramatic decline in the
portion of the population who are married with children less than eighteen years old
present. For Hyde Park the decline was from nearly half of all occupied housing units to
just above one quarter. For Sleepy Hollow, the decline was the smallest, and for Sleepy
Hollow and Irvington, the share increased again from 1990 to 2000. In 2000, Sleepy
Hollow and Irvington have the highest fraction of families with children, 34% and 29%
respectively, while Poughkeepsie, Hudson, and Kingston have the lowest.
The cities show significant differences in the pattern of renter-occupied housing as well.
Newburgh, Hudson, and Poughkeepsie have the highest share of renter-occupied housing,
while Irvington and Hyde Park have the lowest. The share of renters has decreased
dramatically in Beacon over this period, from over 72% in 1970 to 43% in 2000, while
Yonkers and Irvington had slight declines for most this period. In Sleepy Hollow, the
share has remained roughly constant in the range of just less than half, and increased for
the other cities.
In Westchester, two cities had an increase in housing stock which exceeded the rate of
growth for the county from 1990 to 2000, Irvington and Sleepy Hollow, while there was
a slower growth than the county average in Yonkers. In the remaining counties, the
increase in housing stock in the county exceeded the growth rate in the respective cities.
In Hudson, the number of occupied housing units declined.
From 1980 to 1990, the last period for which data is available, the value of owneroccupied housing stock increased most rapidly in Newburgh, and the slowest in Yonkers.
For all the cities, however, the value of owner-occupied housing more than doubled. The
average value of owner-occupied housing stock was greatest in Irvington and Sleepy
Hollow, both exceeding $200,000, and the lowest in Hudson, just above $50,000.
While the cities had rapid increases in housing stock, the average value of owneroccupied housing was higher in the counties as a whole than the cities, except for Sleepy
Hollow and Irvington, which had higher values than the average for Westchester County.
Quality of Life
While urban schools have the reputation of higher minority enrollments, the pattern
varies widely across the region. Hyde Park, Irvington, and Sleepy Hollow have less than
10% of school district enrollment as African American, compared with over 60% in
Poughkeepsie. Irvington, Kingston, and Hyde Park have less than 5% Hispanic
enrollment in the public schools, while Sleepy Hollow and Yonkers have more than 40%
Hispanic. None of the relevant counties have more than 20% of either African American
or Hispanic students.
The crime index dropped dramatically between 1990 and 2000 for all cities for which
data is available. The index dropped less notably in the counties, and actually increased
in Orange County. Still, the level of crime is much higher in the cities than the counties.
What is more difficult to measure as an aspect of quality of life is the access to sidewalks
and mass transit, cultural amenities, waterfront access, and diversity.
Sources: U.S. Census Bureau, Geolytics, Wall Street Journal, New York Times, Business Week, U.S.
Department of Labor, U.S. Commerce Department, New York State Department of Labor, New York State
Department of Taxation and Finance, U.S. Bankruptcy Court, New York State Association of Realtors,
Stewart Airport, Westchester County Airport, National Park Service, Federal Reserve Bank of Cleveland,
Federal Reserve Bank of St. Louis. Cooperation of the Council of Industry of Southeastern New York and
the Hudson Valley Technology Development Center in the conduct of the business survey is greatly
appreciated.
Total U.S. NonFarm Employees
Seasonally Adjusted, in Thousand
Month
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
130,873
130,520
130,396
130,871
130,706
130,701
130,680
130,702
130,736
130,790
130,913
130,829
130,898
130,817
130,661
132,382
132,457
132,461
132,243
132,229
132,108
132,045
131,966
131,819
131,414
131,087
130,890
130,728
130,859
131,397
131,645
131,887
131,925
131,827
131,777
132,023
132,018
132,217
132,319
127,436
127,870
128,006
128,322
128,488
128,721
129,009
129,213
129,448
129,801
130,130
130,406
124,529
124,761
124,903
125,211
125,566
125,756
125,837
126,229
126,492
126,689
126,947
127,297
121,095
121,429
121,744
122,003
122,253
122,537
122,843
122,900
123,358
123,671
123,954
124,270
118,031
118,501
118,767
118,925
119,269
119,546
119,754
120,041
120,172
120,439
120,711
120,916
116,235
116,523
116,679
116,864
116,830
117,024
117,138
117,444
117,664
117,789
117,946
118,118
112,302
112,532
112,982
113,350
113,697
113,980
114,333
114,673
114,980
115,235
115,641
115,918
109,502
109,816
109,749
110,055
110,398
110,539
110,744
110,957
111,204
111,525
111,780
112,034
108,084
108,077
108,119
108,301
108,495
108,541
108,595
108,741
108,807
108,941
109,119
109,266
108,759
108,500
108,330
108,145
108,107
108,200
108,131
108,215
108,223
108,209
108,115
108,121
108,946
109,263
109,461
109,499
109,790
109,869
109,707
109,543
109,457
109,274
109,074
108,965
106,993
107,244
107,438
107,637
107,738
107,838
107,933
108,048
108,178
108,290
108,571
108,692
103,623
104,046
104,311
104,537
104,811
105,132
105,400
105,599
105,814
106,091
106,368
106,691
100,543
100,772
101,005
101,367
101,564
101,713
102,047
102,266
102,430
102,980
103,200
103,544
98,599
98,718
98,796
98,974
99,096
98,973
99,276
99,435
99,747
99,980
100,145
100,394
96,249
96,397
96,734
96,896
97,163
97,280
97,465
97,696
97,878
98,098
98,286
98,500
92,524
93,043
93,312
93,650
93,952
94,325
94,647
94,885
95,186
95,499
95,829
95,997
88,826
88,758
88,946
89,211
89,497
89,886
90,313
89,973
91,088
91,408
91,727
92,110
90,448
90,474
90,337
90,031
89,965
89,703
89,380
89,177
88,995
88,787
88,649
88,675
91,003
91,095
91,206
91,219
91,142
91,285
91,410
91,320
91,191
91,216
91,014
90,831
90,729
90,876
90,995
90,780
90,316
89,974
89,676
89,964
90,046
90,334
90,550
90,774
Avg.
130,596
130,775
131,925
131,719
128,904
125,851
122,671
119,589
117,188
114,135
110,692
108,591
108,255
109,404
107,883
105,202
101,953
99,344
97,387
94,404
90,145
89,552
91,161
90,418
2.59%
2.58%
2.05%
2.67%
3.11%
1.94%
0.31%
-1.05%
1.41%
2.55%
3.19%
2.63%
2.01%
3.16%
4.72%
0.66%
-1.77%
0.82%
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
(68)
188
265
286
389
427
(340)
1,115
320
319
383
414
3,698
308
26
(137)
(306)
(66)
(262)
(323)
(203)
(182)
(208)
(138)
26
151
(1,622)
(135)
92
111
13
(77)
143
125
(90)
(129)
25
(202)
(183)
(383)
(555)
(46)
147
119
(215)
(464)
(342)
(298)
288
82
288
216
224
229
274
23
% Annual Change
-0.14%
-0.87%
0.16%
2.18%
2.43%
-
Monthly Changes in LABSTAT Series Report
(in Thousands)
Month
Jan-Feb
Feb-Mar
Mar-Apr
Apr-May
May-Jun
Jun-Jul
Jul-Aug
Aug-Sep
Sep-Oct
Oct-Nov
Nov-Dec
Dec-Jan
Total
Average
2003
2002
2001
2000
(353)
(124)
(165)
(5)
(21)
22
34
54
123
(84)
69
(81)
(156)
212
2
0
75
4
(218)
(14)
(121)
(63)
(79)
(147)
(405)
(327)
(197)
(19)
(1,511)
(126)
131
538
248
242
38
(98)
(50)
246
(5)
199
102
63
1,654
138
(477)
(239)
1999
434
136
316
166
233
288
204
235
353
329
276
322
3,292
274
1998
232
142
308
355
190
81
392
263
197
258
350
139
2,907
242
1997
334
315
259
250
284
306
57
458
313
283
316
259
3,434
286
Source: U.S. Bureau of Labor Statistics.
Compiled by Bureau of Economic Research, School of Management, Marist College.
1996
470
266
158
344
277
208
287
131
267
272
205
179
3,064
255
1995
288
156
185
(34)
194
114
306
220
125
157
172
(87)
1,796
150
1994
230
450
368
347
283
353
340
307
255
406
277
317
3,933
328
1993
1992
1991
1990
314
(67)
306
343
141
205
213
247
321
255
254
268
2,800
233
(7)
42
182
194
46
54
146
66
134
178
147
236
1,418
118
(259)
(170)
(185)
(38)
93
(69)
84
8
(14)
(94)
6
(37)
(675)
(56)
317
198
38
291
79
(162)
(164)
(86)
(183)
(200)
(109)
(206)
(187)
(16)
251
194
199
101
100
95
115
130
112
281
121
254
1,953
163
423
265
226
274
321
268
199
215
277
277
323
302
3,370
281
229
233
362
197
149
334
219
164
550
220
344
79
3,080
257
119
78
178
122
(123)
303
159
312
233
165
249
149
1,944
162
148
337
162
267
117
185
231
182
220
188
214
99
2,350
196
519
269
338
302
373
322
238
301
313
330
168
252
3,725
310
Average Total Nonfarm Employees in U.S.
Seasonally Adjusted, in Thousands
140000
Seasonally Adjusted Employment (000)
130000
120000
110000
100000
90000
2001
2002
2003
2001
2002
2000
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
80000
Average Monthly Change of Total Nonfarm Employees in US
400.00
300.00
Change (000)
200.00
100.00
0.00
-100.00
-200.00
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
2003
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
-300.00
Total Employment
First Quarter, 2003
First Quarter
2003
First Quarter
2002
Columbia
33,667
32,367
33,700
4.02%
-0.10%
Dutchess
125,600
121,567
125,733
3.32%
-0.11%
Greene
22,933
21,800
21,800
5.20%
5.20%
Orange
158,500
154,133
159,333
2.83%
-0.52%
Putnam
56,733
55,033
56,933
3.09%
-0.35%
147,700
145,767
149,667
1.33%
-1.31%
Sullivan
28,867
29,233
30,400
-1.25%
-5.04%
Ulster
81,467
80,000
83,100
1.83%
-1.97%
447,833
437,633
451,900
2.33%
-0.90%
Total Hudson Valley
1,103,300
1,077,533
1,112,567
2.39%
-0.83%
New York City
3,358,333
3,418,467
3,468,000
-1.76%
-3.16%
New York State
8,681,333
8,637,667
8,844,667
0.51%
-1.85%
County
Rockland
Westchester
Fourth Quarter % Change
% Change
2002 Year Ago Between Qtrs.
Source: NYS Dept of Labor Place of Residence Series
Compiled by Bureau of Economic Research, School of Management, Marist College.
Labor Force
First Quarter, 2003
First Quarter
2003
First Quarter
2002
Columbia
34,967
33,800
34,733
3.45%
0.67%
Dutchess
130,600
127,267
130,800
2.62%
-0.15%
Greene
24,133
23,100
22,767
4.47%
6.00%
Orange
165,767
161,933
166,100
2.37%
-0.20%
Putnam
58,667
57,000
58,833
2.92%
-0.28%
153,267
151,733
155,400
1.01%
-1.37%
Sullivan
30,667
31,333
31,967
-2.13%
-4.07%
Ulster
85,000
83,867
86,533
1.35%
-1.77%
466,300
458,133
470,633
1.78%
-0.92%
Total Hudson Valley
1,149,367
1,128,167
1,157,767
1.88%
-0.73%
New York City
3,690,100
3,708,900
3,781,900
-0.51%
-2.43%
New York State
9,299,667
9,235,000
9,424,333
0.70%
-1.32%
County
Rockland
Westchester
Fourth Quarter % Change
% Change
2002 Year Ago Between Qtrs.
Source: NYS Dept of Labor Place of Residence Series
Compiled by Bureau of Economic Research, School of Management, Marist College.
Unemployment Rate
First Quarter, 2003
First Quarter
2003
First Quarter
2002
Columbia
3.72%
4.24%
2.98%
-12.33%
24.97%
Dutchess
3.83%
4.48%
3.87%
-14.52%
-1.16%
Greene
4.97%
5.63%
4.25%
-11.64%
17.11%
Orange
4.38%
4.82%
4.07%
-8.99%
7.61%
Putnam
3.30%
3.45%
3.23%
-4.49%
2.04%
Rockland
3.63%
3.93%
3.69%
-7.64%
-1.56%
Sullivan
5.87%
6.70%
4.90%
-12.42%
19.76%
Ulster
4.16%
4.61%
3.97%
-9.84%
4.77%
Westchester
3.96%
4.47%
3.98%
-11.50%
-0.51%
Total Hudson Valley
4.01%
4.49%
3.90%
-10.70%
2.66%
New York City
8.99%
7.83%
8.30%
14.81%
8.32%
New York State
6.65%
6.47%
6.15%
2.80%
8.10%
County
Fourth Quarter % Change
% Change
2002 Year Ago Between Qtrs.
Source: NYS Dept of Labor Place of Residence Series
Compiled by Bureau of Economic Research, School of Management, Marist College.
Average Monthly Unemployment Rate for Selected Cities and Towns
First Quarter 2003
County
City/Town
Dutchess
East Fishkill Town
Poughkeepsie City
Poughkeepsie Town
Wappingers Town
Orange
Middletown City
Monroe
Newburgh City
Newburgh Town
New Windsor
Wallkill Town
Warwick Town
Putnam
Carmel Town
Rockland
Clarkstown Town
Haverstraw Town
Orangetown Town
Ramapo Town
Westchester
Cortlandt Town
Eastchester Town
Greenburgh Town
Mamaroneck Town
Mount Pleasant Town
Mount Vernon CIty
New Rochelle City
Ossining Town
Port Chester Town
Rye Town
White Plains CIty
Yonkers City
Yorktown Town
First Quarter 2003
First Quarter 2002
First Quarter 2001
3.83%
4.48%
3.16%
3.85%
6.59%
2.32%
3.86%
4.55%
7.49%
2.86%
3.96%
3.44%
5.03%
1.95%
2.88%
4.38%
4.82%
3.43%
4.94%
3.65%
8.91%
4.28%
5.02%
4.03%
3.30%
5.30%
4.08%
10.08%
4.62%
5.68%
4.64%
4.04%
3.92%
3.17%
7.08%
3.35%
4.21%
3.20%
2.56%
3.29%
3.45%
2.49%
2.59%
2.67%
1.91%
3.63%
3.93%
2.72%
3.15%
3.90%
3.53%
4.13%
3.40%
3.95%
3.81%
4.38%
2.35%
2.62%
2.60%
3.04%
3.96%
4.48%
3.17%
3.12%
2.66%
3.61%
2.22%
3.13%
6.14%
4.26%
3.90%
4.77%
4.41%
4.19%
5.41%
2.77%
3.52%
3.12%
4.12%
2.72%
3.51%
6.91%
4.80%
4.16%
5.33%
4.66%
4.51%
6.03%
3.20%
2.55%
2.32%
2.86%
2.06%
2.75%
4.99%
3.38%
2.88%
3.96%
3.63%
3.23%
4.24%
2.10%
Source: New York State Department of Labor
Compiled by Bureau of Economic Research, School of Management, Marist College
City to County
Ratio 2003
City to County
Ratio 2002
City to County
Ration 2001
100%
172%
61%
101%
101%
167%
64%
89%
109%
159%
62%
91%
113%
83%
203%
98%
115%
92%
75%
110%
85%
209%
96%
118%
96%
84%
114%
92%
206%
98%
123%
93%
75%
79%
77%
77%
87%
107%
97%
114%
86%
100%
97%
111%
87%
96%
96%
112%
79%
67%
91%
56%
79%
155%
108%
98%
121%
111%
106%
136%
70%
79%
70%
92%
61%
78%
154%
107%
93%
119%
104%
101%
135%
71%
80%
73%
90%
65%
87%
157%
107%
91%
125%
114%
102%
134%
66%
Unemployment Rate in the Hudson Valley Region
1975-2003
12.00%
Hudson Valley Region
NYS
U.S.
10.00%
8.00%
6.00%
4.00%
2.00%
*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
2002
1999
1996
1993
1990
1987
1984
1981
1978
1975
0.00%
Quarter-to-Quarter Changes in Employment for the Hudson Valley
1976-2003
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
-2.00%
-4.00%
Hudson Valley
New York State
United States
*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
2003
2000
1997
1994
1991
1988
1985
1982
1979
1976
-6.00%
Nonagricultural Employment - First Quarters - 2001 to 2003
First
Quarter
2003
% Change
From
Previous
First
Quarter
2002
% Change
From
Previous
First
Quarter
2001
% Change
2001-2003%
County or Region
NAICS Industry Classification
Columbia County
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
20,800
15,700
2,900
733
2,167
17,900
3,867
400
700
1,200
4,333
1,400
900
5,100
1.13%
0.00%
0.00%
4.76%
-1.52%
1.32%
-0.85%
-33.33%
16.67%
-10.00%
1.56%
16.67%
0.00%
4.79%
20,567
15,700
2,900
700
2,200
17,667
3,900
600
600
1,333
4,267
1,200
900
4,867
-2.37%
-3.68%
-13.00%
-16.00%
-12.00%
-0.38%
0.86%
-30.77%
0.00%
-2.44%
5.79%
-10.00%
0.00%
2.10%
21,067
16,300
3,333
833
2,500
17,733
3,867
867
600
1,367
4,033
1,333
900
4,767
-1.27%
-3.68%
-13.00%
-12.00%
-13.33%
0.94%
0.00%
-53.85%
16.67%
-12.20%
7.44%
5.00%
0.00%
6.99%
Dutchess County PMSA
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
118,867
95,700
21,733
5,500
16,233
97,133
20,500
2,033
4,700
9,033
25,633
8,133
3,933
23,167
1.31%
1.81%
-2.83%
6.45%
-5.62%
2.28%
4.06%
-3.17%
4.44%
9.27%
1.99%
-0.41%
4.42%
-0.71%
117,333
94,000
22,367
5,167
17,200
94,967
19,700
2,100
4,500
8,267
25,133
8,167
3,767
23,333
-0.17%
-0.42%
-2.19%
1.97%
-3.37%
0.32%
-3.27%
-8.70%
-4.26%
-11.43%
7.87%
6.99%
-3.42%
0.86%
117,533
94,400
22,867
5,067
17,800
94,667
20,367
2,300
4,700
9,333
23,300
7,633
3,900
23,133
1.13%
1.38%
-4.96%
8.55%
-8.80%
2.61%
0.65%
-11.59%
0.00%
-3.21%
10.01%
6.55%
0.85%
0.14%
Greene County
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
15,067
10,733
2,333
1,433
900
12,733
2,800
200
400
567
1,100
3,033
300
4,333
3.67%
4.55%
9.38%
16.22%
0.00%
2.69%
-3.45%
0.00%
0.00%
13.33%
0.00%
10.98%
0.00%
1.56%
14,533
10,267
2,133
1,233
900
12,400
2,900
200
400
500
1,100
2,733
300
4,267
5.06%
5.84%
52.38%
105.56%
12.50%
-0.27%
3.57%
-33.33%
0.00%
-16.67%
0.00%
0.00%
-18.18%
3.23%
13,833
9,700
1,400
600
800
12,433
2,800
300
400
600
1,100
2,733
367
4,133
8.92%
10.65%
66.67%
138.89%
12.50%
2.41%
0.00%
-33.33%
0.00%
-5.56%
0.00%
10.98%
-18.18%
4.84%
Newburgh, NY-PA PMSA
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
131,800
102,033
14,467
5,067
9,400
117,333
34,333
2,700
5,400
10,033
18,900
10,633
5,567
29,767
0.71%
1.26%
0.23%
-2.56%
1.81%
0.77%
2.90%
-3.57%
-4.14%
5.24%
0.89%
-0.62%
0.00%
-1.11%
130,867
100,767
14,433
5,200
9,233
116,433
33,367
2,800
5,633
9,533
18,733
10,700
5,567
30,100
0.51%
-0.56%
-8.07%
1.96%
-12.89%
1.69%
-1.09%
-9.68%
0.00%
0.00%
2.18%
7.72%
3.73%
4.27%
130,200
101,333
15,700
5,100
10,600
114,500
33,733
3,100
5,633
9,533
18,333
9,933
5,367
28,867
1.23%
0.69%
-7.86%
-0.65%
-11.32%
2.47%
1.78%
-12.90%
-4.14%
5.24%
3.09%
7.05%
3.73%
3.12%
Putnam County
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
23,600
18,567
3,600
2,200
1,400
20,000
4,033
400
1,200
2,000
4,467
1,567
1,300
5,033
1.58%
1.83%
4.85%
6.45%
2.44%
1.01%
8.04%
-33.33%
5.88%
5.26%
3.88%
-14.55%
0.00%
0.67%
23,233
18,233
3,433
2,067
1,367
19,800
3,733
600
1,133
1,900
4,300
1,833
1,300
5,000
1.01%
0.00%
-2.83%
0.00%
-6.82%
1.71%
-1.75%
-21.74%
3.03%
3.64%
4.88%
1.85%
0.00%
4.90%
23,000
18,233
3,533
2,067
1,467
19,467
3,800
767
1,100
1,833
4,100
1,800
1,300
4,767
2.61%
1.83%
1.89%
6.45%
-4.55%
2.74%
6.14%
-47.83%
9.09%
9.09%
8.94%
-12.96%
0.00%
5.59%
Source: NYS Dept of Labor, Current Employment by Industry - Revised 2002 Benchmark.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Nonagricultural Employment - First Quarters - 2001 to 2003
First
Quarter
2003
% Change
From
Previous
First
Quarter
2002
% Change
From
Previous
First
Quarter
2001
% Change
2001-2003%
County or Region
NAICS Industry Classification
Rockland County
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
110,000
89,833
16,600
5,067
11,533
93,400
22,067
3,533
4,500
10,800
21,367
6,400
4,567
20,167
-0.48%
-0.26%
-0.80%
2.70%
-2.26%
-0.43%
-0.75%
4.95%
-2.17%
3.18%
0.79%
-9.00%
3.01%
-1.47%
110,533
90,067
16,733
4,933
11,800
93,800
22,233
3,367
4,600
10,467
21,200
7,033
4,433
20,467
0.85%
0.56%
-0.20%
-1.33%
0.28%
1.04%
-3.47%
3.06%
-9.21%
0.96%
4.43%
3.43%
11.76%
2.16%
109,600
89,567
16,767
5,000
11,767
92,833
23,033
3,267
5,067
10,367
20,300
6,800
3,967
20,033
0.36%
0.30%
-0.99%
1.33%
-1.98%
0.61%
-4.20%
8.16%
-11.18%
4.18%
5.25%
-5.88%
15.13%
0.67%
Sullivan County
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
23,867
17,367
1,900
900
1,000
21,967
4,233
300
1,500
1,233
4,933
1,967
1,300
6,500
-3.37%
-4.23%
5.56%
0.00%
11.11%
-4.08%
-6.62%
28.57%
9.76%
8.82%
-1.33%
-27.16%
-4.88%
-1.02%
24,700
18,133
1,800
900
900
22,900
4,533
233
1,367
1,133
5,000
2,700
1,367
6,567
1.51%
0.37%
-5.26%
-10.00%
0.00%
2.08%
4.62%
-22.22%
-16.33%
-5.56%
4.17%
6.58%
0.00%
4.79%
24,333
18,067
1,900
1,000
900
22,433
4,333
300
1,633
1,200
4,800
2,533
1,367
6,267
-1.92%
-3.87%
0.00%
-10.00%
11.11%
-2.08%
-2.31%
0.00%
-8.16%
2.78%
2.78%
-22.37%
-4.88%
3.72%
Ulster County
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
63,100
47,333
7,800
2,100
5,700
55,300
12,233
2,167
2,500
4,000
10,333
6,033
2,267
15,767
-0.47%
-0.91%
-1.27%
0.00%
-1.72%
-0.36%
-0.81%
-4.41%
2.74%
1.69%
0.98%
-2.69%
-8.11%
0.85%
63,400
47,767
7,900
2,100
5,800
55,500
12,333
2,267
2,433
3,933
10,233
6,200
2,467
15,633
-0.37%
-1.10%
-7.42%
-4.55%
-8.42%
0.73%
-1.07%
-2.86%
0.00%
-6.35%
2.33%
3.91%
4.23%
1.96%
63,633
48,300
8,533
2,200
6,333
55,100
12,467
2,333
2,433
4,200
10,000
5,967
2,367
15,333
-0.84%
-2.00%
-8.59%
-4.55%
-10.00%
0.36%
-1.87%
-7.14%
2.74%
-4.76%
3.33%
1.12%
-4.23%
2.83%
Westchester County
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
409,733
342,567
44,300
24,633
19,667
365,433
81,100
15,500
27,300
55,500
74,400
27,600
16,867
67,167
0.24%
0.45%
0.76%
9.00%
-7.96%
0.18%
0.70%
-3.53%
-2.03%
2.46%
-0.09%
0.00%
3.05%
-0.79%
408,733
341,033
43,967
22,600
21,367
364,767
80,533
16,067
27,867
54,167
74,467
27,600
16,367
67,700
-1.22%
-2.32%
-7.05%
-5.83%
-8.30%
-0.46%
-1.95%
-7.13%
-0.83%
-0.25%
-3.04%
3.24%
-0.61%
4.74%
413,767
349,133
47,300
24,000
23,300
366,467
82,133
17,300
28,100
54,300
76,800
26,733
16,467
64,633
-0.97%
-1.88%
-6.34%
2.64%
-15.59%
-0.28%
-1.26%
-10.40%
-2.85%
2.21%
-3.13%
3.24%
2.43%
3.92%
Hudson Valley Region
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
916,833
739,833
115,633
47,633
68,000
801,200
185,167
27,233
48,200
94,367
165,467
66,767
37,000
177,000
0.32%
0.53%
-4.12%
6.09%
-3.91%
0.37%
1.06%
-3.54%
-0.69%
3.43%
0.63%
-2.05%
1.46%
-0.52%
913,900
735,967
120,600
44,900
70,767
798,233
183,233
28,233
48,533
91,233
164,433
68,167
36,467
177,933
-0.33%
-1.22%
-0.60%
-2.11%
-6.23%
0.33%
-1.77%
-7.53%
-2.28%
-1.62%
1.02%
4.12%
1.30%
3.49%
916,967
745,033
121,333
45,867
75,467
795,633
186,533
30,533
49,667
92,733
162,767
65,467
36,000
171,933
-0.01%
-0.70%
-4.70%
3.85%
-9.89%
0.70%
-0.73%
-10.81%
-2.95%
1.76%
1.66%
1.99%
2.78%
2.95%
Source: NYS Dept of Labor, Current Employment by Industry - Revised 2002 Benchmark.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Nonagricultural Employment - First Quarters - 2001 to 2003
First
Quarter
2003
% Change
From
Previous
First
Quarter
2002
% Change
From
Previous
First
Quarter
2001
% Change
2001-2003%
County or Region
NAICS Industry Classification
Albany-SchenectadyTroy MSA
Total Nonfarm
Total Private
Goods Producing
Natural Resources and Mining
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
454,567
342,333
43,367
400
15,267
27,700
411,200
80,167
12,267
25,600
51,167
81,300
29,700
18,767
112,233
0.48%
0.92%
-2.91%
20.00%
-0.43%
-4.48%
0.85%
0.50%
0.27%
1.72%
1.66%
2.95%
-0.56%
3.11%
-0.85%
452,400
339,200
44,667
333
15,333
29,000
407,733
79,767
12,233
25,167
50,333
78,967
29,867
18,200
113,200
-0.59%
-1.10%
-7.27%
-9.09%
-2.34%
-9.66%
0.20%
-2.17%
-1.87%
-0.53%
-4.61%
3.31%
5.29%
1.49%
0.98%
455,067
342,967
48,167
367
15,700
32,100
406,900
81,533
12,467
25,300
52,767
76,433
28,367
17,933
112,100
-0.11%
-0.18%
-9.97%
9.09%
-2.76%
-13.71%
1.06%
-1.68%
-1.60%
1.19%
-3.03%
6.37%
4.70%
4.65%
0.12%
New York City
Total Nonfarm
Total Private
Goods Producing
Natural Resources and Mining
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
3,501,000
2,943,767
237,433
100
107,033
162,900
3,263,567
530,867
163,200
436,067
524,300
657,667
6,033
147,600
557,233
-1.50%
-1.53%
-5.69%
0.00%
-4.55%
-6.42%
-1.18%
0.46%
-9.11%
-2.88%
-4.33%
2.59%
-2.69%
-0.49%
-1.39%
3,554,467
2,989,367
251,767
100
112,133
174,067
3,302,700
528,433
179,567
449,000
548,033
641,033
6,200
148,333
565,100
-4.23%
-5.24%
-9.38%
0.00%
-5.05%
-11.27%
-3.81%
-6.66%
-11.63%
-7.41%
-7.76%
3.02%
3.91%
-0.11%
1.48%
3,711,367
3,154,533
277,833
100
118,100
196,167
3,433,533
566,133
203,200
484,933
594,167
622,267
5,967
148,500
556,833
-5.67%
-6.68%
-14.54%
0.00%
-9.37%
-16.96%
-4.95%
-6.23%
-19.69%
-10.08%
-11.76%
5.69%
1.12%
-0.61%
0.07%
New York State
Total Nonfarm
Total Private
Goods Producing
Natural Resources and Mining
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
8,290,600
6,806,333
917,233
4,700
291,100
621,433
7,373,367
1,466,300
279,433
694,667
1,019,867
1,479,500
604,233
345,100
1,484,267
-0.60%
-0.55%
-4.10%
5.22%
-1.03%
-5.53%
-0.15%
0.66%
-7.03%
-1.53%
-1.59%
1.85%
1.79%
0.73%
-0.82%
8,340,867
6,844,300
956,400
4,467
294,133
657,800
7,384,467
1,456,667
300,567
705,467
1,036,300
1,452,667
593,633
342,600
1,496,567
-2.56%
-3.50%
-7.72%
-6.29%
-2.92%
-9.73%
-1.85%
-4.16%
-8.61%
-4.77%
-6.15%
2.42%
-1.41%
0.32%
1.93%
8,560,433
7,092,200
1,036,400
4,767
302,967
728,667
7,524,033
1,519,833
328,900
740,833
1,104,233
1,418,400
602,100
341,500
1,468,233
-3.15%
-4.03%
-11.50%
-1.40%
-3.92%
-14.72%
-2.00%
-3.52%
-15.04%
-6.23%
-7.64%
4.31%
0.35%
1.05%
1.09%
Source: NYS Dept of Labor, Current Employment by Industry - Revised 2002 Benchmark.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Home Sales in the Hudson Valley Counties
First Quarter, 2003
First Quarter
2003
First Quarter
2002
First Quarter
2001
Fourth Quarter
2002
Percent Change
One Year Two Years Last Qtr
Number of Homes Sold
Columbia
7
150
116
182
-95.3%
-94.0%
-96.2%
Dutchess
292
476
407
542
-38.7%
-28.3%
-46.1%
Greene
45
100
53
120
-55.0%
-15.1%
-62.5%
Orange
796
704
601
820
13.1%
32.4%
-2.9%
Putnam
199
220
190
271
-9.5%
4.7%
-26.6%
Rockland
505
350
328
365
44.3%
54.0%
38.4%
93
134
143
191
-30.6%
-35.0%
-51.3%
Sullivan
Ulster
208
295
306
341
-29.5%
-32.0%
-39.0%
Westchester
955
1,092
974
1,198
-12.5%
-2.0%
-20.3%
3,100
3,521
3,118
4,030
-12.0%
-0.6%
-23.1%
Hudson Valley Region
New York State
United States
16,685
16,576
15,873
21,763
0.7%
5.1%
-23.3%
1,137,000
1,115,000
1,035,000
1,227,000
2.0%
9.9%
-7.3%
Total Sales Volume
Columbia
$
34,178,937
-95.9%
-94.6%
-96.7%
77,598,740
117,971,212
87,190,312
149,983,124
-34.2%
-11.0%
-48.3%
Greene
6,246,180
11,042,910
4,780,400
13,621,000
-43.4%
30.7%
-54.1%
Orange
178,906,034
144,816,377
109,527,856
202,881,674
23.5%
63.3%
-11.8%
-26.9%
Dutchess
Putnam
Rockland
Sullivan
Ulster
Westchester
Hudson Valley Region
New York State
United States
1,129,400
$
27,513,870
$
20,967,564
$
74,168,948
70,359,309
47,243,358
101,458,203
5.4%
57.0%
178,056,732
125,529,672
103,063,241
142,903,621
41.8%
72.8%
24.6%
10,794,300
13,976,648
11,988,647
23,914,595
-22.8%
-10.0%
-54.9%
43,914,726
49,486,565
43,598,248
65,068,692
-11.3%
0.7%
-32.5%
660,718,169
674,937,634
553,491,263
805,386,005
-2.1%
19.4%
-18.0%
1,231,533,229
1,235,634,197
981,850,889
1,539,395,851
-0.3%
25.4%
-20.0%
4,292,328,721
3,766,339,157
3,156,805,048
5,258,025,917
14.0%
36.0%
-18.4%
232,056,000,000
213,919,000,000
183,205,100,000
275,078,100,000
8.5%
26.7%
-15.6%
$
$
-14.1%
Average Selling Price
Columbia
187,796
-12.0%
-10.7%
Dutchess
$
161,343
265,749
$
183,426
247,839
180,755
214,227
276,722
7.2%
24.1%
-4.0%
Greene
138,804
110,429
90,196
113,508
25.7%
53.9%
22.3%
Orange
224,756
205,705
182,243
247,417
9.3%
23.3%
-9.2%
Putnam
372,708
319,815
248,649
374,385
16.5%
49.9%
-0.4%
Rockland
352,588
358,656
314,217
391,517
-1.7%
12.2%
-9.9%
Sullivan
116,068
104,303
83,837
125,207
11.3%
38.4%
-7.3%
Ulster
211,128
167,751
142,478
190,817
25.9%
48.2%
10.6%
Westchester
691,851
618,075
568,266
672,275
11.9%
21.7%
2.9%
Hudson Valley Region
397,269
350,933
314,898
381,984
13.2%
26.2%
4.0%
New York State
257,257
227,216
198,879
241,604
13.2%
29.4%
6.5%
United States
204,095
191,856
177,010
224,188
6.4%
15.3%
-9.0%
-0.5%
Median Selling Price
Columbia
149,500
0.6%
7.0%
Dutchess
240,000
209,900
190,000
256,500
14.3%
26.3%
-6.4%
Greene
134,900
90,000
85,000
100,000
49.9%
58.7%
34.9%
Orange
215,000
185,000
164,900
235,000
16.2%
30.4%
-8.5%
Putnam
339,500
285,000
225,000
332,500
19.1%
50.9%
2.1%
Rockland
338,500
322,500
284,000
369,000
5.0%
19.2%
-8.3%
Sullivan
$
148,700
$
147,750
$
139,000
$
85,000
80,750
70,000
98,500
5.3%
21.4%
-13.7%
Ulster
167,000
132,000
120,000
165,000
26.5%
39.2%
1.2%
Westchester
525,000
465,000
412,500
516,750
12.9%
27.3%
New York State
200,000
165,000
147,000
175,000
21.2%
36.1%
*Note: Columbia County experienced reporting problems for 1st Quarter, 2003. Revised numbers will be published when they become available.
Sources: NYSAR and NAR.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1.6%
14.3%
Total Homes Sold in Hudson Valley Counties
First Quarters 1990-2003
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
0
Average Home Sales Price in Hudson Valley Counties
First Quarters 1990-2003
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
Source: NYSAR (not adjusted for inflation)
Compiled by Bureau of Economic Research, School of Management, Marist College
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
$0
Average Number of Construction Permits - Single Family Homes
First Quarter, 2003
First Quarter
2003
Counties
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago
Previous Qtr.
Columbia
3.0
3.7
2.3
-18.2%
28.6%
Dutchess
53.3
52.3
75.7
1.9%
-29.5%
Greene
1.7
1.3
3.0
25.0%
-44.4%
Orange
68.7
110.3
144.3
-37.8%
-52.4%
Putnam
16.7
21.3
27.0
-21.9%
-38.3%
Rockland
12.0
18.3
19.3
-34.5%
-37.9%
9.0
12.3
18.3
-27.0%
-50.9%
Ulster
10.0
14.7
24.3
-31.8%
-58.9%
Westchester
51.3
75.3
85.7
-31.9%
-40.1%
Hudson Valley Total
225.7
309.7
400.0
-27.1%
-43.6%
Sullivan
Average Number of Construction Permits - All Residential Construction
First Quarter, 2003
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago
Previous Qtr.
Columbia
3.3
3.7
2.3
-9.1%
42.9%
Dutchess
54.7
54.0
77.3
1.2%
-29.3%
Greene
1.7
1.3
3.0
25.0%
-44.4%
Orange
72.7
114.7
153.0
-36.6%
-52.5%
Putnam
16.7
21.7
27.0
-23.1%
-38.3%
Rockland
14.0
20.7
22.0
-32.3%
-36.4%
9.0
12.3
19.3
-27.0%
-53.4%
Ulster
10.0
14.7
25.3
-31.8%
-60.5%
Westchester
61.0
84.7
100.0
-28.0%
-39.0%
243.0
327.7
429.3
-25.8%
-43.4%
Sullivan
Hudson Valley Total
Source: U.S. Census Bureau.
Compiled by Bureau of Economic Research, School of Management, Marist College.
Monthly Average Value of Construction per Permit - Single Family Homes
First Quarter, 2003
First Quarter
2003
Counties
Columbia
$
198,389
First Quarter
2002
$
192,254
Fourth Quarter
2002
$
% Change from
One Year Ago
Previous Qtr.
164,323
3.2%
20.7%
Dutchess
217,304
187,623
226,891
15.8%
-4.2%
Greene
160,667
129,238
121,828
24.3%
31.9%
Orange
144,571
137,488
154,510
5.2%
-6.4%
Putnam
181,256
178,729
183,194
1.4%
-1.1%
Rockland
205,511
196,379
170,808
4.7%
20.3%
Sullivan
124,373
182,815
107,428
-32.0%
15.8%
Ulster
163,957
188,802
177,390
-13.2%
-7.6%
Westchester
306,447
282,539
296,635
8.5%
3.3%
199,363
9.6%
3.0%
Hudson Valley Total
$
205,304
$
187,383
$
Monthly Average Value of Construction per Permit - All Residential Construction
First Quarter, 2003
First Quarter
2003
Counties
Columbia
$
180,843
First Quarter
2002
$
192,254
Fourth Quarter
2002
$
% Change from
One Year Ago
Previous Qtr.
164,323
-5.9%
10.1%
Dutchess
225,203
231,917
230,769
-2.9%
-2.4%
Greene
160,667
129,238
121,828
24.3%
31.9%
Orange
161,788
142,639
161,018
13.4%
0.5%
Putnam
181,256
181,750
183,194
-0.3%
-1.1%
Rockland
226,052
196,549
167,848
15.0%
34.7%
Sullivan
124,373
115,509
107,317
7.7%
15.9%
Ulster
163,957
188,802
176,860
-13.2%
-7.3%
Westchester
305,643
504,155
353,341
-39.4%
-13.5%
202,120
-15.3%
7.0%
Hudson Valley Total
$
216,191
$
255,246
$
Source: U.S. Census Bureau.
Compiled by Bureau of Economic Research, School of Management, Marist College.
Monthly Average Dollar Value of Construction - Single Family Homes
First Quarter, 2003
First Quarter
2003
Counties
Columbia
$
Dutchess
595,167
First Quarter
2002
$
700,449
Fourth Quarter
2002
$
% Change from
One Year Ago
Previous Qtr.
401,071
-15.0%
48.4%
11,598,284
9,699,621
17,052,511
19.6%
-32.0%
Greene
265,762
171,809
366,520
54.7%
-27.5%
Orange
9,848,875
15,199,482
21,946,561
-35.2%
-55.1%
Putnam
3,062,835
3,781,706
4,968,664
-19.0%
-38.4%
Rockland
2,435,270
3,650,226
3,335,270
-33.3%
-27.0%
Sullivan
1,148,944
1,437,178
1,952,102
-20.1%
-41.1%
Ulster
1,541,637
2,151,031
4,455,316
-28.3%
-65.4%
15,701,180
21,102,776
25,200,571
-25.6%
-37.7%
46,197,953 $
57,894,279 $
79,678,586
-20.2%
-27.3%
Westchester
Hudson Valley Total
$
Monthly Average Dollar Value of Construction - All Residential Construction
First Quarter, 2003
First Quarter
2003
Counties
Columbia
$
Dutchess
598,500
First Quarter
2002
$
700,449
Fourth Quarter
2002
$
% Change from
One Year Ago
Previous Qtr.
401,071
-14.6%
49.2%
8,899,951
21,396,967
17,709,939
-58.4%
-49.7%
Greene
265,762
171,809
366,520
54.7%
-27.5%
Orange
10,137,456
25,147,182
24,300,064
-59.7%
-58.3%
Putnam
3,062,835
3,901,996
4,968,664
-21.5%
-38.4%
Rockland
3,103,480
4,096,429
3,730,454
-24.2%
-16.8%
Sullivan
1,148,944
1,437,178
2,064,597
-20.1%
-44.4%
Ulster
19,728,365
46,605,035
4,610,734
-57.7%
327.9%
Westchester
30,340,728
66,102,586
29,613,033
-54.1%
2.5%
52,212,961 $
82,002,133 $
86,742,376
-36.3%
-39.8%
Hudson Valley Total
$
Source: U.S. Census Bureau.
Compiled by Bureau of Economic Research, School of Management, Marist College.
Visitors Taking Tours at Roosevelt-Vanderbilt National Historic Sites
First Quarter, 2003
First Quarter
First Quarter
2003
2002
Roosevelt NHS
6,147
8,564
23,509
-28.22%
-73.85%
Vanderbilt NHS
3,928
6,178
19,648
-36.42%
-80.01%
Eleanor Roosevelt NHS
1,158
1,727
7,628
-32.95%
-84.82%
11,233
16,469
50,785
-31.79%
-77.88%
Total Tours
Fourth Quarter
% Change
% Change
2002 1 Year Ago Last Quarter
Visitors Taking Tours
Roosevelt-Vanderbilt National Historic Sites
First Quarters of 1985-2003
26000
24000
22000
20000
Number of Visitations
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
2003
2002
2001
2000
Source: National Park Service
Compiled by Bureau of Economic Research, School of Management, Marist College
1999
Note: FDR Home closed due to construction work during first quarter 2000
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
Year
Total Visitation (Tours and Grounds) at Roosevelt-Vanderbilt National Historic Sites
First Quarter, 2003
First Quarter
First Quarter
2003
2002
Roosevelt NHS
7,684
10,838
29,388
-29.10%
-73.85%
Vanderbilt NHS
28,710
31,905
106,413
-10.01%
-73.02%
2,926
6,246
17,300
-53.15%
-83.09%
39,320
48,989
153,101
-19.74%
-74.32%
Eleanor Roosevelt NHS
Total Visitation
Fourth Quarter
% Change
% Change
2002 1 Year Ago Last Quarter
Total Visitation
Roosevelt-Vanderbilt National Historic Sites
First Quarters of 1985-2003
120000
Number of Visitations
100000
80000
60000
40000
20000
0
2003
2002
2001
2000
Source: National Park Service
Compiled by Bureau of Economic Research, School of Management, Marist College
1999
Note: FDR Home closed due to construction work during first quarter 2000
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
Year
Stewart Airport Passengers
Average Monthly Enplaned and Deplaned
First Quarter, 2003
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change
Year Ago
% Change
Last Quarter
Enplaned
14,000
13,401
16,318
4.47%
-14.21%
Deplaned
13,533
12,780
15,898
5.89%
-14.88%
Stewart Airport Passengers Enplaned and Deplaned
January 1995 - March 2003
45,000
Enplaned
40,000
Deplaned
35,000
30,000
25,000
20,000
15,000
Source: Stewart International Airport
Compiled by Bureau of Economic Research, School of Management, Marist College
2003
2002
2001
2000
1999
1998
1997
1996
1995
10,000
Stewart Airport Cargo
Average Monthly Enplaned and Deplaned
First Quarter, 2003
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change
Year Ago
% Change
Between Qtrs.
Enplaned
870,533
980,022
1,002,271
-11.17%
-13.14%
Deplaned
1,477,280
1,491,015
1,552,124
-0.92%
-4.82%
Stewart Airport Cargo Enplaned and Deplaned
January 2000 - March 2003
4,000,000
Enplaned
3,500,000
Deplaned
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
2000
2001
2002
Source: Stewart International Airport
Complied by: Bureau of Economic Research, School of Management, Marist College
2003
Westchester County Airport Passengers
Average Monthly Enplaned and Deplaned
First Quarter, 2003
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change
Year Ago
% Change
Between Qtrs.
Enplaned
31,215
33,127
41,334
-5.77%
-24.48%
Deplaned
30,933
31,573
41,506
-2.03%
-25.47%
Westchester County Airport Passengers Enplaned and Deplaned
January 1998 - March 2003
55,000
50,000
45,000
40,000
35,000
30,000
Enplaned
25,000
Deplaned
Source: Westchester County Airport
Compiled by Bureau of Economic Research, School of Management, Marist College
2003
2002
2001
2000
1999
1998
20,000
Average Monthly Sales Tax Collection for Mid-Hudson Counties
First Quarter 2003
First Quarter
2003
First Quarter
2002
% Change
Year Ago
% Change
Between Qtrs.
Columbia
$1,994,995
$1,926,774
$2,104,544
3.54%
-5.21%
Dutchess
$8,878,299
$9,409,353
$9,211,230
-5.64%
-3.61%
Greene
$1,563,617
$1,679,226
$1,568,824
-6.88%
-0.33%
Orange
$11,301,141
$12,151,876
$12,391,312
-7.00%
-8.80%
Putnam
$2,526,852
$2,575,336
$2,760,615
-1.88%
-8.47%
$11,153,030
$10,015,174
$10,880,435
11.36%
2.51%
Sullivan
$1,438,855
$1,713,632
$1,789,841
-16.03%
-19.61%
Ulster
$6,982,777
$6,976,808
$7,124,981
0.09%
-2.00%
Westchester
$27,254,627
$28,116,268
$28,593,607
-3.06%
-4.68%
Hudson Valley
$73,094,193
$74,564,447
$76,425,389
-1.97%
-4.36%
County
Rockland
Fourth Quarter
2002
Sales Tax Collections for Mid-Hudson Counties
First Quarters, 1985 - 2003
$240,000,000
$210,000,000
$180,000,000
$150,000,000
$120,000,000
$90,000,000
$60,000,000
$30,000,000
Source: New York State Dept. of Taxation and Finance.
Compiled by Bureau of Economic Research, School of Management, Marist College.
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
$0
The Rate of Inflation
Year-to-Year Percent Changes in CPI-U
1992 to March 2003
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
Consumer Price Index All Urban Consumers (CPI-U) NY, NY -Northeastern NJ
CPI-U 2003 CPI-U 2002 CPI-U 2001 CPI-U 2000 CPI-U 1999 CPI-U 1998 CPI-U 1997 CPI-U 1996 CPI-U 1995 CPI-U 1994 CPI-U 1993 CPI-U 1992
3.29%
1.95%
3.12%
2.46%
1.69%
1.77%
2.61%
3.06%
2.50%
1.96%
3.87%
3.01%
3.32%
2.48%
2.66%
3.08%
1.39%
1.53%
2.66%
3.37%
1.84%
2.47%
3.78%
3.06%
3.14%
2.52%
2.70%
3.42%
1.45%
1.35%
2.52%
3.48%
1.90%
2.47%
3.35%
3.97%
2.79%
2.87%
3.07%
1.73%
1.65%
2.53%
2.85%
2.35%
2.40%
3.22%
3.83%
2.19%
3.25%
3.01%
1.79%
1.82%
2.10%
2.84%
2.86%
2.28%
3.29%
3.40%
1.70%
3.46%
2.94%
2.14%
1.64%
2.28%
2.65%
2.79%
2.33%
3.14%
3.39%
2.24%
2.74%
3.16%
2.07%
1.64%
2.46%
2.71%
2.59%
2.53%
2.94%
3.24%
2.66%
2.73%
3.10%
1.95%
1.99%
2.15%
2.70%
2.33%
2.45%
2.98%
3.71%
2.82%
1.95%
3.48%
2.18%
1.57%
2.08%
3.06%
2.64%
2.38%
2.58%
3.84%
3.14%
1.73%
3.19%
2.35%
1.45%
2.44%
2.81%
2.57%
2.57%
2.24%
4.39%
2.98%
1.73%
3.24%
2.35%
1.57%
2.14%
2.81%
2.76%
2.57%
2.10%
3.82%
3.10%
1.68%
3.14%
2.23%
1.63%
2.02%
2.93%
3.02%
2.12%
2.44%
3.62%
3.25%
2.55%
2.55%
3.11%
1.94%
1.63%
2.33%
2.94%
2.51%
2.38%
2.99%
3.61%
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
Consumer Price Index All Urban Consumers (CPI-U) US City Average
CPI-U 2003 CPI-U 2002 CPI-U 2001 CPI-U 2000 CPI-U 1999 CPI-U 1998 CPI-U 1997 CPI-U 1996 CPI-U 1995 CPI-U 1994 CPI-U 1993 CPI-U 1992
2.60%
1.14%
3.79%
2.68%
1.67%
1.57%
3.04%
2.73%
2.80%
2.52%
3.26%
2.60%
2.98%
1.14%
3.59%
3.16%
1.61%
1.44%
3.03%
2.65%
2.86%
2.52%
3.25%
2.82%
3.02%
1.48%
2.98%
3.70%
1.73%
1.37%
2.76%
2.84%
2.85%
2.51%
3.09%
3.19%
1.64%
3.33%
3.01%
2.28%
1.44%
2.50%
2.90%
3.05%
2.36%
3.23%
3.18%
1.18%
3.74%
3.07%
2.09%
1.69%
2.23%
2.89%
3.19%
2.29%
3.22%
3.02%
1.07%
3.31%
3.67%
1.96%
1.68%
2.30%
2.75%
3.04%
2.49%
3.00%
3.09%
1.46%
2.84%
3.54%
2.14%
1.68%
2.23%
2.95%
2.76%
2.77%
2.78%
3.16%
1.80%
2.72%
3.41%
2.26%
1.62%
2.23%
2.88%
2.62%
2.90%
2.77%
3.15%
1.51%
2.65%
3.45%
2.63%
1.49%
2.15%
3.00%
2.54%
2.96%
2.69%
2.99%
2.03%
2.13%
3.45%
2.56%
1.49%
2.08%
2.99%
2.81%
2.61%
2.75%
3.20%
2.20%
1.90%
3.45%
2.62%
1.55%
1.83%
3.26%
2.61%
2.67%
2.68%
3.05%
2.38%
1.55%
3.39%
2.68%
1.61%
1.70%
3.32%
2.54%
2.67%
2.75%
2.90%
2.87%
1.59%
2.88%
3.33%
2.19%
1.55%
2.34%
2.93%
2.81%
2.61%
2.95%
3.03%
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
The Rate of Inflation
Month-to-Month Percent Changes in CPI-U
1992 to March 2003
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
Consumer Price Index All Urban Consumers (CPI-U) NY, NY -Northeastern NJ
CPI-U 2003 CPI-U 2002 CPI-U 2001 CPI-U 2000 CPI-U 1999 CPI-U 1998 CPI-U 1997 CPI-U 1996 CPI-U 1995 CPI-U 1994 CPI-U 1993 CPI-U 1992
0.83%
0.64%
0.38%
0.39%
0.17%
0.12%
0.36%
0.67%
0.63%
0.26%
0.72%
0.48%
0.77%
0.74%
0.22%
0.67%
0.06%
0.35%
0.59%
0.55%
0.25%
0.90%
0.39%
0.48%
0.46%
0.63%
0.59%
0.55%
0.23%
0.17%
0.35%
0.48%
0.37%
0.32%
0.33%
0.74%
0.37%
0.11%
-0.06%
0.28%
0.00%
-0.29%
-0.30%
0.31%
-0.13%
-0.06%
0.07%
-0.21%
0.38%
0.00%
0.06%
0.00%
-0.18%
0.24%
0.25%
-0.25%
-0.13%
-0.20%
0.05%
0.53%
0.33%
0.40%
0.06%
0.24%
0.06%
0.25%
0.32%
0.26%
0.40%
0.26%
-0.27%
0.44%
0.23%
0.29%
0.29%
0.12%
0.06%
0.25%
0.06%
0.27%
0.57%
0.16%
0.16%
0.23%
0.35%
0.00%
0.30%
0.31%
0.57%
0.65%
0.60%
0.10%
-0.05%
0.71%
0.34%
0.11%
0.53%
0.60%
0.25%
-0.06%
0.00%
0.40%
0.21%
-0.11%
0.11%
0.39%
0.23%
0.35%
0.00%
0.25%
0.31%
0.13%
0.46%
-0.15%
0.00%
0.00%
-0.06%
-0.06%
-0.17%
0.12%
0.12%
-0.06%
-0.06%
0.07%
-0.16%
-0.27%
-0.22%
-0.11%
0.00%
-0.06%
0.06%
-0.06%
-0.31%
0.13%
-0.20%
0.69%
0.25%
0.14%
0.26%
0.18%
0.13%
0.17%
0.24%
0.25%
0.18%
0.20%
0.30%
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
Consumer Price Index All Urban Consumers (CPI-U) US City Average
CPI-U 2003 CPI-U 2002 CPI-U 2001 CPI-U 2000 CPI-U 1999 CPI-U 1998 CPI-U 1997 CPI-U 1996 CPI-U 1995 CPI-U 1994 CPI-U 1993 CPI-U 1992
0.44%
0.23%
0.63%
0.24%
0.24%
0.19%
0.32%
0.59%
0.40%
0.27%
0.49%
0.15%
0.77%
0.40%
0.40%
0.59%
0.12%
0.19%
0.31%
0.32%
0.40%
0.34%
0.35%
0.36%
0.60%
0.56%
0.23%
0.82%
0.30%
0.19%
0.25%
0.52%
0.33%
0.34%
0.35%
0.51%
0.56%
0.40%
0.06%
0.73%
0.18%
0.12%
0.39%
0.33%
0.14%
0.28%
0.14%
0.00%
0.45%
0.06%
0.00%
0.18%
-0.06%
0.19%
0.20%
0.07%
0.14%
0.14%
0.06%
0.17%
0.58%
0.00%
0.12%
0.12%
0.06%
0.20%
0.34%
0.14%
0.36%
0.11%
-0.28%
0.17%
0.30%
0.12%
0.12%
0.19%
0.00%
0.27%
0.00%
0.21%
0.33%
0.00%
0.12%
0.24%
0.12%
0.19%
0.19%
0.26%
0.40%
0.28%
0.28%
0.17%
0.45%
0.52%
0.48%
0.12%
0.25%
0.32%
0.20%
0.27%
0.21%
0.28%
0.17%
-0.34%
0.17%
0.18%
0.24%
0.25%
0.32%
0.33%
0.07%
0.41%
0.35%
0.00%
-0.17%
0.06%
0.06%
0.00%
-0.06%
0.19%
-0.07%
0.13%
0.07%
0.14%
-0.22%
-0.39%
-0.06%
0.00%
-0.06%
-0.12%
0.00%
-0.07%
0.00%
0.00%
-0.07%
0.60%
0.20%
0.13%
0.28%
0.22%
0.13%
0.14%
0.27%
0.21%
0.22%
0.23%
0.24%
Source: U.S. Bureau of Labor Statistics
Compiled by Bureau of Economic Research, School of Management, Marist College
New York Bankruptcies
First Quarters, 1992-2003
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
Southern (partial HV)
4,297
3,808
3,746
2,962
3,872
4,146
3,822
3,023
2,698
2,737
2,969
3,242
Northern (partial HV)
4,274
4,076
3,905
3,399
3,644
4,281
4,299
3,007
2,296
2,029
2,293
2,523
Eastern
6,148
6,057
6,642
5,699
6,976
7,633
6,772
5,892
5,388
5,092
5,477
5,355
Western
3,490
3,052
3,092
2,594
2,744
3,403
3,037
2,162
1,755
1,604
1,735
2,047
18,209
16,993
17,385
14,654
17,236
19,463
17,930
14,084
12,137
11,462
12,474
13,167
412,968
379,012
366,841
312,335
330,784
354,118
-
-
-
-
-
-
1998
1997
1996
8.48% 26.43% 12.05%
1995
-1.42%
1994
-7.81%
% Change
1993992-2002
-8.42% 17.46%
-0.42% 42.97% 30.97% 13.16% -11.51%
-9.12% 61.55%
Total for New York State
Total for United States
Percent Changes
Southern (partial HV)
2003
12.84%
2002
1.66%
2001
26.47%
2000
-23.50%
1999
-6.61%
Northern (partial HV)
4.86%
4.38%
14.89%
-6.72%
-14.88%
Eastern
1.50%
-8.81%
16.55%
-18.31%
-8.61%
Western
14.35%
-1.29%
19.20%
-5.47%
Total for New York State
7.16%
-2.25%
18.64%
Total for United States
8.96%
3.32%
17.45%
12.71% 14.94%
9.35%
5.81%
-7.03%
-19.37%
12.05% 40.47% 23.19%
9.41%
-7.55% -15.24% 49.10%
-14.98%
-11.44%
8.55% 27.31% 16.04%
5.89%
-8.11%
-5.58%
-6.59%
-
-
-
-
-
2.28% 13.11%
-5.26% 29.06%
-
-
Total Bankruptcies
First Quarters, 1992-2003
21,000
19,000
17,000
15,000
13,000
11,000
9,000
7,000
5,000
3,000
1,000
1992
1993
1994
Southern (partial HV)
1995
1996
1997
Northern (partial HV)
Southern District includes Dutchess, Orange, Putnam, Rockland, Sullivan and Westchester
Northern District includes Columbia, Greene and Ulster
Source: U.S. Bankruptcy Court.
Compiled by Marist College Bureau of Economic Research
1998
Eastern
1999
Western
2000
2001
2002
Total for New York State
2003
Temporary Assistance - Recipients
First Quarter 2003 - Monthly Average
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago Last Quarter
Columbia - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
648
470
178
169
9
692
542
150
148
2
638
544
163
160
3
-6.41%
-13.23%
18.18%
13.71%
-
1.57%
-13.66%
8.78%
5.20%
200.00%
Dutchess - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
2,252
1,553
699
657
42
2,370
1,716
655
606
48
2,347
1,673
674
624
49
-5.01%
-9.50%
6.77%
8.41%
-13.79%
-4.06%
-7.21%
3.76%
5.29%
-15.54%
Greene - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
850
635
215
204
11
822
649
174
172
2
827
627
200
193
7
3.32%
-2.11%
23.61%
18.60%
540.00%
2.78%
1.33%
7.33%
5.70%
52.38%
Orange - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
5,572
3,681
1,891
1,846
45
6,342
4,609
1,733
1,674
59
5,730
3,892
1,839
1,790
49
-12.14%
-20.14%
9.14%
10.28%
-23.16%
-2.76%
-5.41%
2.85%
3.11%
-6.85%
Putnam - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
214
144
71
62
9
200
135
65
62
2
191
117
74
65
9
7.17%
6.16%
9.28%
-0.54%
350.00%
12.22%
22.79%
-4.50%
-5.13%
0.00%
Rockland - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
2,604
1,275
1,329
1,298
31
3,095
1,731
1,364
1,305
44
2,649
1,333
1,316
1,287
29
-15.88%
-26.34%
-2.59%
-0.51%
-29.77%
-1.71%
-4.33%
0.94%
0.83%
5.75%
Sullivan - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
1,333
1,088
245
224
21
1,251
1,038
213
204
6
1,295
1,077
218
201
17
6.58%
4.78%
15.36%
9.62%
255.56%
2.96%
0.99%
12.71%
11.63%
25.49%
Ulster - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
2,504
1,917
587
509
78
2,511
2,000
511
405
106
2,555
2,017
538
444
94
-0.29%
-4.15%
14.80%
25.60%
-26.33%
-2.01%
-4.97%
9.11%
14.65%
-16.96%
Westchester - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
17,901
10,397
7,504
7,270
234
18,761
11,957
6,804
6,593
211
16,029
8,670
7,359
7,096
263
-4.59%
-13.05%
10.29%
10.27%
10.92%
11.68%
19.92%
1.97%
2.46%
-11.27%
Hudson Valley - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
33,877
21,159
12,718
12,238
480
36,026
24,377
11,649
11,169
480
32,261
19,880
12,381
11,860
521
-5.97%
-13.20%
9.18%
9.57%
0.00%
5.01%
6.43%
2.72%
3.19%
-7.87%
New York City - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
420,076
203,831
216,245
215,903
342
451,546
257,179
194,368
194,062
306
423,373
209,246
214,127
213,811
316
-6.97%
-20.74%
11.26%
11.25%
11.78%
-0.78%
-2.59%
0.99%
0.98%
8.24%
New York State - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
606,541
324,374
282,167
277,805
4,362
644,817
392,939
251,878
247,699
4,179
607,922
331,304
276,618
272,168
4,450
-5.94%
-17.45%
12.03%
12.15%
4.36%
-0.23%
-2.09%
2.01%
2.07%
-1.98%
Source: New York State Office Of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
Temporary Assistance - Expenditures
First Quarter 2003 - Monthly Average
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago Last Quarter
Columbia - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
166,033
97,674
68,359
66,964
1,396
169,565
109,408
60,157
59,830
0
147,057
92,196
54,861
53,780
0
-2.08%
-10.73%
13.63%
11.92%
12.90%
5.94%
24.61%
24.51%
Dutchess - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
832,291
499,959
332,332
306,759
25,572
699,782
461,323
238,459
217,380
21,079
806,838
531,300
275,537
256,298
19,239
18.94%
8.37%
39.37%
41.12%
21.32%
3.15%
-5.90%
20.61%
19.69%
32.92%
Greene - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
213,128
141,957
71,171
67,846
3,325
187,310
127,516
59,794
57,531
2,263
186,550
123,003
63,547
60,360
3,188
13.78%
11.32%
19.03%
17.93%
46.97%
14.25%
15.41%
12.00%
12.40%
4.32%
Orange - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
1,459,398
881,386
578,012
562,881
15,131
1,549,306
1,057,358
491,948
474,427
17,520
1,459,262
919,439
539,823
523,096
16,727
-5.80%
-16.64%
17.49%
18.64%
-13.64%
0.01%
-4.14%
7.07%
7.61%
-9.54%
Putnam - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
90,450
49,912
40,538
38,248
2,290
136,355
42,358
93,997
90,224
3,773
77,160
38,100
39,059
35,258
3,801
-33.67%
17.83%
-56.87%
-57.61%
-39.30%
17.22%
31.00%
3.79%
8.48%
-39.75%
Rockland - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
611,762
313,969
297,793
292,709
5,084
671,604
358,849
312,755
300,749
12,005
615,075
314,944
300,131
294,725
5,406
-8.91%
-12.51%
-4.78%
-2.67%
-57.65%
-0.54%
-0.31%
-0.78%
-0.68%
-5.96%
Sullivan - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
349,921
242,514
107,407
102,046
5,361
313,951
230,121
83,830
82,048
1,782
303,642
218,904
84,738
81,166
0
3.40%
5.39%
28.12%
24.37%
200.79%
15.24%
10.79%
26.75%
25.73%
Ulster - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
719,144
498,619
220,525
202,002
18,523
679,454
496,300
183,154
157,480
25,674
694,873
508,263
186,610
163,843
22,767
5.84%
0.47%
20.40%
28.27%
-27.85%
3.49%
-1.90%
18.17%
23.29%
-18.64%
Westchester - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
6,699,478
3,560,366
3,139,112
3,022,139
116,973
6,803,975
3,888,594
2,915,381
2,807,341
108,040
7,396,452
3,955,987
3,440,465
3,280,430
160,035
-1.54%
-8.44%
7.67%
7.65%
8.27%
-9.42%
-10.00%
-8.76%
-7.87%
-26.91%
Hudson Valley - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
11,141,606
6,286,356
4,855,250
4,661,594
193,656
11,211,302
6,771,828
4,439,474
4,247,010
192,464
11,686,908
6,702,137
4,984,772
4,748,955
235,817
-0.62%
-7.17%
9.37%
9.76%
0.62%
-4.67%
-6.20%
-2.60%
-1.84%
-17.88%
New York City - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
89,473,333
43,728,000
45,745,333
45,706,000
39,333
95,102,667
53,996,667
41,106,000
41,068,667
37,333
91,400,333
46,298,000
45,102,333
45,062,333
40,000
-5.92%
-19.02%
11.29%
11.29%
5.36%
-2.11%
-5.55%
1.43%
1.43%
-1.67%
New York State - Total
Family Assistance
Safety Net
Safety Net-FNP
Safety Net-FP
139,554,394
72,739,270
66,815,124
65,768,234
1,046,890
143,733,897
84,344,539
59,389,358
58,397,839
991,519
139,680,580
74,982,290
64,698,290
63,658,757
1,039,533
-2.91%
-13.76%
12.50%
12.62%
5.58%
-0.09%
-2.99%
3.27%
3.31%
0.71%
Source: New York State Office Of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
Supplemental Security Income - Recipients
First Quarter 2003 - Monthly Average
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago Last Quarter
Columbia
1,459
1,496
1,464
-2.47%
-0.30%
Dutchess
4,353
4,293
4,357
1.41%
-0.09%
Greene
1,067
1,076
1,073
-0.84%
-0.53%
Orange
5,900
5,979
5,936
-1.32%
-0.61%
Putnam
749
739
736
1.31%
1.81%
Rockland
4,358
4,419
4,370
-1.38%
-0.28%
Sullivan
2,532
2,513
2,542
0.73%
-0.41%
Ulster
3,944
3,952
3,949
-0.19%
-0.12%
Westchester
14,872
14,758
14,858
0.77%
0.09%
Hudson Valley Total
39,235
39,226
39,285
0.02%
-0.13%
New York City
397,740
398,851
398,432
-0.28%
-0.17%
New York State
625,844
627,452
623,509
-0.26%
0.37%
Source: New York State Office Of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
Supplemental Security Income - Expenditures
First Quarter 2003 - Monthly Average
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago Last Quarter
Columbia
611,039
634,204
622,239
-3.65%
-1.80%
Dutchess
1,893,503
1,860,692
1,867,415
1.76%
1.40%
Greene
435,358
455,650
441,663
-4.45%
-1.43%
Orange
2,549,144
2,584,640
2,537,508
-1.37%
0.46%
Putnam
326,639
336,280
323,346
-2.87%
1.02%
Rockland
1,949,188
1,946,640
1,948,509
0.13%
0.03%
Sullivan
1,102,826
1,068,323
1,109,824
3.23%
-0.63%
Ulster
1,716,543
1,698,646
1,694,756
1.05%
1.29%
Westchester
6,565,101
6,517,265
6,499,470
0.73%
1.01%
17,149,341
17,102,340
17,044,730
0.27%
0.61%
New York City
191,321,731
192,385,487
189,993,858
-0.55%
0.70%
New York State
291,055,176
291,397,431
289,302,026
-0.12%
0.61%
Hudson Valley Total
Source: New York State Office Of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
Food Stamps - Recipients
First Quarter 2003 - Monthly Average
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago Last Quarter
Columbia
2,645
2,504
2,535
5.63%
4.34%
Dutchess
6,968
6,378
6,695
9.26%
4.08%
Greene
2,888
2,668
2,753
8.25%
4.90%
Orange
19,394
18,517
19,142
4.73%
1.31%
Putnam
750
691
716
8.49%
4.70%
16,204
15,229
15,965
6.40%
1.50%
Sullivan
4,922
4,414
4,628
11.52%
6.37%
Ulster
7,126
6,569
6,787
8.47%
4.98%
Westchester
32,916
31,229
32,623
5.40%
0.90%
Hudson Valley Total
93,813
88,199
91,844
6.37%
2.14%
843,254
807,859
832,450
4.38%
1.30%
1,410,901
1,332,680
1,380,428
5.87%
2.21%
Rockland
New York City
New York State
Source: New York State Office Of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
Food Stamps - Expenditures
First Quarter 2003 - Monthly Average
Counties
First Quarter
2003
First Quarter
2002
Fourth Quarter
2002
% Change from
One Year Ago Last Quarter
Columbia
228,053
196,422
216,575
16.10%
5.30%
Dutchess
578,592
498,428
557,362
16.08%
3.81%
Greene
246,803
212,902
232,887
15.92%
5.98%
Orange
1,792,026
1,619,853
1,775,133
10.63%
0.95%
Putnam
54,999
44,806
51,846
22.75%
6.08%
1,404,023
1,254,079
1,371,173
11.96%
2.40%
Sullivan
381,564
331,663
363,447
15.05%
4.98%
Ulster
569,729
487,893
547,952
16.77%
3.97%
Westchester
2,933,293
2,651,755
2,925,183
10.62%
0.28%
Hudson Valley Total
8,189,081
7,297,800
8,041,560
12.21%
1.83%
88,856,936
82,268,684
88,166,826
8.01%
0.78%
137,354,073
124,497,077
134,880,370
10.33%
1.83%
Rockland
New York City
New York State
Source: New York State Office Of Temporary and Disability Assistance
Compiled by Bureau of Economic Research, School of Management, Marist College
Hudson Valley Business Confidence Survey
Number of Responding Companies
136
3 Digit NAICS Codes
Counties:
Dutchess
Orange
Putnam
Rockland
Sullivan
Ulster
Westchester
27
26
6
10
3
22
42
19.85%
19.12%
4.41%
7.35%
2.21%
16.18%
30.88%
Comparison of Average Rank by Question
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Fall 2002
2.79
3.50
2.75
3.69
3.33
3.36
3.00
3.18
2.87
3.29
Spring 2003
2.54
3.47
2.72
3.54
3.52
3.34
2.89
3.20
2.72
3.19
% Change
-8.96%
-0.86%
-1.09%
-4.07%
5.71%
-0.60%
-3.67%
0.63%
-5.23%
-3.04%
311
314
316
321
322
323
324
325
327
331
332
333
334
335
336
337
339
421
511
512
513
541
624
*Note: (1) Total reflects those NAICS codes that were readily available at the time of publication.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Food Manufacturing
Textile Product Mills
Leather & Allied Product Manufacturing
Wood Product Manufacturing
Paper Manufacturing
Printing and Related Activities
Petroleum and Coal Products Manufacturing
Chemical Manufacturing
Nonmetallic Mineral Product Manufacturing
Primary Metal Manufacturing
Fabricated Metal Product Manufacturing
Machinery Manufacturing
Computer & Electronic Product Manufacturing
Electrical Equipment, Appliance, and Component Manufacturing
Transportation Equipment Manufacturing
Furniture and Related Product Manufacturing
Miscellaneous Manufacturing
Wholesale Trade, Durable Goods
Publishing Industries
Motion Picture & Sound Recording Industries
Broadcasting & Telecommunications
Professional, Scientific & Technical Services
Social Assistance
Total (1):
6
4
1
4
4
14
1
8
7
2
11
11
7
6
1
5
6
4
1
2
1
1
1
108
Question 1. Please rate your profits for this year compared to last year.
Rank Count Percent
Much Higher
5
2
1.5%
Higher
4
24
17.6%
Same
3
33
24.3%
Lower
2
61
44.9%
Much Lower
1
14
10.3%
Not Sure
2
1.5%
Total
136
2.54
Average Rank
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
Much Lower
Lower
Same
Higher
Much Higher
Question 2. Please rate your expected profits for next year compared to this year.
Rank Count Percent
Much Higher
5
3
2.2%
Higher
4
61
44.9%
Same
3
42
30.9%
Lower
2
5
3.7%
Much Lower
1
4
2.9%
Not Sure
21
15.4%
Total
136
3.47
Average Rank
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
Much Lower
Lower
Same
Higher
Much Higher
Question 3. Please rate your sales for this year compared to last year.
Rank Count Percent
Much Higher
5
2
1.5%
Higher
4
33
24.3%
Same
3
33
24.3%
Lower
2
59
43.4%
Much Lower
1
8
5.9%
Not Sure
1
0.7%
Total
136
2.72
Average Rank
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
Much Lower
Lower
Same
Higher
Much Higher
Question 4. Please rate your expected sales for next year compared to this year.
Rank Count Percent
Much Higher
5
4
2.9%
Higher
4
66
48.5%
Same
3
38
27.9%
Lower
2
7
5.1%
Much Lower
1
2
1.5%
Not Sure
19
14.0%
Total
136
3.54
Average Rank
0.6
0.5
0.4
0.3
0.2
0.1
0
Much Lower
Lower
Same
Higher
Much Higher
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Question 5. Please rate your prices for materials for this year compared to last year.
Rank Count Percent
Much Higher
5
7
5.1%
Higher
4
69
50.7%
Same
3
43
31.6%
Lower
2
14
10.3%
Much Lower
1
0
0.0%
Not Sure
3
2.2%
Total
136
3.52
Average Rank
0.6
0.5
0.4
0.3
0.2
0.1
0
Much Lower
Lower
Same
Higher
Much Higher
Question 6. Please rate your expected prices for materials for next year compared to this year.
Rank Count Percent
Much Higher
5
1
0.7%
Higher
4
49
36.0%
Same
3
68
50.0%
Lower
2
5
3.7%
Much Lower
1
2
1.5%
Not Sure
11
8.1%
Total
136
3.34
Average Rank
0.6
0.5
0.4
0.3
0.2
0.1
0
Much Lower
Lower
Same
Higher
Much Higher
Question 7. Please rate your capital investments for this year compared to last year.
Rank Count Percent
Much Higher
5
6
4.4%
Higher
4
21
15.4%
Same
3
60
44.1%
Lower
2
33
24.3%
Much Lower
1
7
5.1%
Not Sure
9
6.6%
Total
136
2.89
Average Rank
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
Much Lower
Lower
Same
Higher
Much Higher
Question 8. Please rate your expected capital investments for next year compared to this year
Rank Count Percent
Much Higher
5
3
2.2%
Higher
4
32
23.5%
Same
3
63
46.3%
Lower
2
10
7.4%
Much Lower
1
3
2.2%
Not Sure
25
18.4%
Total
136
3.20
Average Rank
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
Much Lower
Lower
Same
Higher
Much Higher
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Question 9. Please rate your employment levels for this year compared to last year
Rank Count Percent
Much Higher
5
1
0.7%
Higher
4
15
11.0%
Same
3
73
53.7%
Lower
2
39
28.7%
Much Lower
1
8
5.9%
Not Sure
0
0.0%
Total
136
2.72
Average Rank
0.6
0.5
0.4
0.3
0.2
0.1
0
Much Lower
Lower
Same
Higher
Much Higher
Question 10. Please rate your expected employment levels for next year compared to this year.
Rank Count Percent
Much Higher
5
2
1.5%
Higher
4
30
22.1%
Same
3
86
63.2%
Lower
2
6
4.4%
Much Lower
1
2
1.5%
Not Sure
10
7.4%
Total
136
3.19
Average Rank
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Much Lower
Lower
Same
Higher
Much Higher
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Hudson Valley Farmland and Population
1940 to 1998
County
Year
Number of
Farms
Farm Land in
Acres
Farming
Percent Change, in
Arces, 1940-1998
Percent Change, in
Arces, 1987-1998
Year
Population
Residents
Percent Change,
Population, 1940-1998
Percent Change,
Population, 1990-1998
Albany
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
2,177
1,453
964
574
509
510
510
460
465
470
465
470
475
470
206,036
160,858
136,013
86,156
82,975
82,788
70,100
63,700
62,900
61,400
61,500
60,700
61,000
60,600
-70.59%
-13.55%
1940
1950
1960
1970
1980
1990
1998
221,300
239,400
272,900
286,760
285,900
292,600
292,586
32.21%
0.00%
Columbia
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
2,153
1,692
1,235
768
643
599
630
570
580
575
565
560
555
545
275,708
259,998
231,315
174,390
162,699
152,397
138,200
123,100
121,600
120,200
121,900
122,200
123,500
120,600
-56.26%
-12.74%
1940
1950
1960
1970
1980
1990
1998
41,500
43,200
47,300
51,500
59,500
63,000
63,221
52.34%
0.35%
Dutchess
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
1,958
1,729
1,027
683
593
635
685
650
655
655
645
645
645
635
306,865
303,763
238,690
162,095
140,368
137,963
128,600
120,600
119,200
116,200
116,000
114,800
114,700
112,000
-63.50%
-12.91%
1940
1950
1960
1970
1980
1990
1998
120500
136800
176000
222300
245100
259500
265317
120.18%
2.24%
Greene
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
1,653
1,300
733
377
304
301
310
260
265
275
275
280
290
280
209,877
171,835
136,459
79,284
67,365
63,598
58,400
50,400
49,800
49,700
50,700
51,500
52,400
51,200
-75.60%
-12.33%
1940
1950
1960
1970
1980
1990
1998
27,900
28,700
31,400
33,100
40,900
44,700
47,807
71.35%
6.95%
Source: New York Agriculture Statistics Service, New York State County Brochures.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Hudson Valley Farmland and Population
1940 to 1998
County
Year
Number of Farm Land in
Farms
Acres
Farming
Percent Change, in
Arces, 1940-1998
Percent Change, in
Arces, 1987-1998
Year
Population
Residents
Percent Change,
Population, 1940-1998
Percent Change,
Population, 1990-1998
Orange
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
3,513
2,958
2,055
1,124
844
894
880
755
765
765
750
750
750
740
209,877
171,835
136,459
79,284
67,365
63,598
58,400
50,400
49,800
49,700
50,700
51,500
52,400
51,200
-75.60%
-12.33%
1940
1950
1960
1970
1980
1990
1998
140,100
152,300
183,700
221,700
259,600
307,600
329,220
134.99%
7.03%
Putnam
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
316
319
156
69
58
56
55
50
50
55
55
55
60
50
49,872
42,935
26,372
13,854
8,347
9,968
5,100
4,200
4,200
4,000
3,900
3,800
3,700
3,600
-92.78%
-29.41%
1940
1950
1960
1970
1980
1990
1998
16,600
20,300
31,700
56,700
77,200
83,900
93,358
462.40%
11.27%
Rensselaer
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
2,675
1,822
1,151
649
559
591
585
525
535
540
540
545
550
545
272,242
227,697
179,503
121,697
111,659
117,612
110,200
101,900
100,700
100,600
102,900
103,500
106,400
105,600
-61.21%
-4.17%
1940
1950
1960
1970
1980
1990
1998
121,800
132,600
142,600
152,500
151,900
154,400
152,689
25.36%
-1.11%
Rockland
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
355
408
100
50
37
36
30
30
30
30
30
25
25
25
18,711
17,376
6,852
4,022
1,069
933
1,200
900
900
800
800
700
600
600
-96.79%
-50.00%
1940
1950
1960
1970
1980
1990
1998
74,300
89,300
136,800
229,900
259,500
265,500
281,338
278.65%
5.97%
Source: New York Agriculture Statistics Service, New York State County Brochures.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Hudson Valley Farmland and Population
1940 to 1998
County
Year
Number of Farm Land in
Farms
Acres
Farming
Percent Change, in
Arces, 1940-1998
Percent Change, in
Arces, 1987-1998
Year
Population
Residents
Percent Change,
Population, 1940-1998
Percent Change,
Population, 1990-1998
Sullivan
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
2,778
1,881
1,034
647
475
460
415
360
365
370
365
370
375
370
254,304
191,978
135,767
92,673
75,602
75,663
65,000
61,600
60,900
60,300
61,200
61,500
62,400
60,900
-76.05%
-6.31%
1940
1950
1960
1970
1980
1990
1998
37,900
40,700
45,300
52,600
65,200
69,300
69,111
82.35%
-0.27%
Ulster
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
3,286
2,552
1,460
761
561
570
600
510
520
515
500
495
490
480
280,148
227,497
161,922
91,581
87,635
85,203
78,900
76,600
75,700
74,100
74,400
74,100
74,100
72,400
-74.16%
-8.24%
1940
1950
1960
1970
1980
1990
1998
87,000
92,600
118,800
141,200
158,200
165,300
166,351
91.21%
0.64%
Westchester
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
518
664
303
133
168
158
135
115
120
115
115
110
110
100
44,255
48,545
25,388
15,168
9,025
10,423
8,800
6,300
6,200
6,500
7,100
7,600
8,100
7,900
-82.15%
-10.23%
1940
1950
1960
1970
1980
1990
1998
573,600
625,800
808,900
894,400
866,600
874,900
897,920
56.54%
2.63%
Hudson Valley
1940
1950
1959
1969
1978
1982
1987
1992
1993
1994
1995
1996
1997
1998
21,382
16,778
10,218
5,835
4,751
4,810
4,835
4,285
4,350
4,365
4,305
4,305
4,325
4,240
2,127,895
1,824,317
1,414,740
920,204
814,109
800,146
722,900
659,700
651,900
643,500
651,100
651,900
659,300
646,600
-69.61%
-10.55%
1940
1950
1960
1970
1980
1990
1998
1,462,500
1,601,700
1,995,400
2,342,660
2,469,600
2,580,700
2,658,918
81.81%
3.03%
Source: New York Agriculture Statistics Service, New York State County Brochures.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Hudson Valley Farmland in Acres vs. Population
3,000,000
2,500,000
2,000,000
Acres of Farmland
Population
1,500,000
1,000,000
500,000
Source: New York Agriculture Statistics Service, New York State County Brochures.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
4
1
8
7
19
9
19
9
19
9
19
8
2
5
19
8
9
6
Year
19
8
19
7
19
7
3
7
4
0
19
7
19
7
19
6
19
6
8
5
2
1
19
6
19
5
19
5
19
5
6
3
9
19
4
19
4
19
4
19
4
0
0
Farmland vs. Population, Hudson Valley Counties
Farmland, in Acres, 1940 to 1998
0.00%
Albany
Columbia
Dutchess
Greene
Orange
Putnam
Rensselaer
Rockland
Sullivan
Ulster
Westchester
Percent Change
-20.00%
-40.00%
-60.00%
-80.00%
-100.00%
-120.00%
Residential Population, 1940 to 1998
500.00%
450.00%
Percent Change
400.00%
350.00%
300.00%
250.00%
200.00%
150.00%
100.00%
50.00%
0.00%
Source: New York Agriculture Statistics Service, New York State County Brochures.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Albany
Columbia
Dutchess
Greene
Orange
Putnam
Rensselaer
Rockland
Sullivan
Ulster
Westchester
Farmland vs. Population, by County
Hudson Valley Farmland
Hudson Valley Population
350,000
350,000
Albany
Columbia
Dutchess
Greene
Orange
Putnam
Rensselaer
Rockland
Sullivan
Ulster
Acres
250,000
200,000
150,000
100,000
50,000
300,000
Albany
Columbia
Dutchess
Greene
Orange
Putnam
Rensselaer
Rockland
Sullivan
Ulster
250,000
Persons
300,000
200,000
150,000
100,000
50,000
97
0
1940 1950 1960 1970 1980 1990 1998
19
95
19
93
19
87
19
78
19
59
19
19
40
0
Westchester County Farmland
Westchester County Population
60,000
1,000,000
900,000
50,000
800,000
700,000
30,000
Westchester
20,000
Persons
Acres
40,000
600,000
500,000
Westchester
400,000
300,000
10,000
200,000
100,000
97
19
95
19
93
19
87
19
78
19
59
19
19
40
0
Source: New York Agriculture Statistics Service, New York State County Brochures.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
0
1940 1950 1960 1970 1980 1990 1998
Population of Cities and Counties
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Columbia
Dutchess
Orange
Rockland
Ulster
Westchester
1970
1980
1990
2000
19,330
13,918
32,029
NA
8,198
NA
204,316
11,904
11,709
NA
21,555
13,783
29,757
23,552
8,799
NA
195,320
11,902
11,881
NA
21,265
16,716
28,844
26,505
9,438
23,304
188,082
12,179
12,846
8,028
20,851
17,516
29,871
28,398
10,117
23,456
196,086
12,763
14,368
7,524
1970
1980
1990
2000
NA
222,297
NA
229,902
NA
890,560
NA
245,045
259,278
259,533
NA
866,601
62,982
259,462
307,414
265,475
165,491
874,866
63,094
280,150
341,367
286,753
177,749
923,459
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Percent Change,
1970-2000
7.87%
25.85%
-6.74%
Other
23.41%
Other
-4.03%
7.22%
22.71%
Other
Percent Change,
1970-2000
Other
26.03%
Other
24.73%
Other
3.69%
Percent Change,
1990-2000
-1.95%
4.79%
3.56%
7.14%
7.19%
0.65%
4.26%
4.80%
11.85%
-6.28%
Percent Change,
1990-2000
0.18%
7.97%
11.04%
8.02%
7.41%
5.55%
Total Population
250,000
200,000
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Persons
150,000
100,000
50,000
0
1970
1980
1990
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
2000
No data
available for
Newburgh in
1970, Kingston
in 1970 and
1980, and
Hudson in 1970
and 1980.
White Paper Project: Racial Composition by Census Tract
Location
Total
White
Hyde Park
19,330 18,877
Beacon
13,918 11,939
Poughkeepsie 32,029 26,039
Newburgh
NA
NA
Haverstraw
8,198
7,537
Kingston
NA
NA
Yonkers
204,316 189,982
Irvington
11,904 11,599
Sleepy Hollow 11,709 11,224
Hudson
NA
NA
Percent of
Total
97.66%
85.78%
81.30%
Other
91.94%
Other
92.98%
97.44%
95.86%
Other
1970
Black /
NonNonPercent of Hispanic / Percent of Hispanic / Percent of
African Percent of Hispanic Percent of Hispanic Percent of
Total
White
Total
Black
Total
American
Total
White
Total
Black
Total
Hispanic
438
2.27%
18,673
96.60%
438
2.27%
204
1.06%
204
1.06%
0
0.00%
1,958
14.07%
11,075
79.57%
1,882
13.52%
940
6.75%
864
6.21%
76
0.55%
5,912
18.46%
25,734
80.35%
5,852
18.27%
371
1.16%
306
0.96%
60
0.19%
NA
Other
NA
Other
NA
Other
NA
Other
NA
Other
NA
Other
648
7.90%
5,800
70.75%
531
6.48%
1,854
22.62%
1,737
21.19%
116
1.41%
NA
Other
NA
Other
NA
Other
NA
Other
NA
Other
NA
Other
12,927
6.33% 183,211
89.67%
12,541
6.14%
7,231
3.54%
6,771
3.31%
386
0.19%
180
1.51%
11,404
95.80%
180
1.51%
195
1.64%
195
1.64%
0
0.00%
479
4.09%
10,387
88.71%
479
4.09%
838
7.16%
838
7.16%
0
0.00%
NA
Other
NA
Other
NA
Other
NA
Other
NA
Other
NA
Other
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
21,555 20,475
13,783 10,480
29,757 21,821
23,552 14,193
8,799
6,636
NA
NA
195,320 165,366
11,902 11,195
11,881 10,707
NA
NA
94.99%
76.04%
73.33%
60.26%
75.42%
Other
84.66%
94.06%
90.12%
Other
662
2,344
7,606
7,709
800
NA
20,681
268
730
NA
3.07%
17.01%
25.56%
32.73%
9.09%
Other
10.59%
2.25%
6.14%
Other
20,120
9,779
21,523
12,618
4,663
NA
154,506
10,717
9,084
NA
93.34%
70.95%
72.33%
53.58%
52.99%
Other
79.10%
90.04%
76.46%
Other
1980
638
2,276
7,498
7,538
678
NA
19,946
256
718
NA
2.96%
16.51%
25.20%
32.01%
7.71%
Other
10.21%
2.15%
6.04%
Other
420
1,656
465
3,334
3,416
NA
16,940
587
1,869
NA
1.95%
12.01%
1.56%
14.16%
38.82%
Other
8.67%
4.93%
15.73%
Other
355
701
298
1,575
1,973
NA
10,860
478
1,623
NA
1.65%
5.09%
1.00%
6.69%
22.42%
Other
5.56%
4.02%
13.66%
Other
24
68
109
172
122
NA
735
12
12
NA
0.11%
0.49%
0.37%
0.73%
1.39%
Other
0.38%
0.10%
0.10%
Other
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
21,265 19,988
16,716 11,902
28,844 18,864
26,505 13,586
9,438
5,473
23,304 20,390
188,082 143,878
12,179 10,924
12,846 11,155
8,026
5,989
93.99%
71.20%
65.40%
51.26%
57.99%
87.50%
76.50%
89.70%
86.84%
74.62%
885
3,925
9,071
9,264
1,873
2,347
26,465
291
692
1,741
4.16%
23.48%
31.45%
34.95%
19.85%
10.07%
14.07%
2.39%
5.39%
21.69%
19,734
10,164
18,349
11,213
3,444
20,100
126,810
10,546
9,240
5,887
92.80%
60.80%
63.61%
42.31%
36.49%
86.25%
67.42%
86.59%
71.93%
73.35%
1990
779
3,714
8,943
9,038
1,011
2,259
24,657
278
482
1,623
3.66%
22.22%
31.00%
34.10%
10.71%
9.69%
13.11%
2.28%
3.75%
20.22%
465
2,663
789
6,013
4,842
557
30,600
561
2,851
421
2.19%
15.93%
2.74%
22.69%
51.30%
2.39%
16.27%
4.61%
22.19%
5.25%
254
1,738
515
2,372
2,029
289
17,068
378
1,915
102
1.19%
10.40%
1.79%
8.95%
21.50%
1.24%
9.07%
3.10%
14.91%
1.27%
105
211
128
226
862
88
1,808
13
210
118
0.49%
1.26%
0.44%
0.85%
9.13%
0.38%
0.96%
0.11%
1.63%
1.47%
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
20,851 19,151
17,516 10,532
29,871 16,079
28,398 12,632
10,117
4,997
23,456 19,017
196,086 122,412
12,763 10,891
14,368 11,330
7,524
4,902
91.85%
60.13%
53.83%
44.48%
49.39%
81.08%
62.43%
85.33%
78.86%
65.15%
1,055
5,022
11,507
10,080
1,401
3,487
35,421
505
646
2,028
5.06%
28.67%
38.52%
35.50%
13.85%
14.87%
18.06%
3.96%
4.50%
26.95%
18,770
9,006
14,882
8,204
2,819
18,177
101,521
10,472
9,062
4,666
90.02%
51.42%
49.82%
28.89%
27.86%
77.49%
51.77%
82.05%
63.07%
62.01%
2000
983
4,707
11,080
9,540
1,152
3,234
32,131
469
503
1,938
4.71%
26.87%
37.09%
33.59%
11.39%
13.79%
16.39%
3.67%
3.50%
25.76%
674
3,477
3,177
10,271
5,998
1,516
50,852
690
4,323
633
3.23%
19.85%
10.64%
36.17%
59.29%
6.46%
25.93%
5.41%
30.09%
8.41%
350
1,431
1,079
3,995
1,881
777
18,661
390
1,957
191
1.68%
8.17%
3.61%
14.07%
18.59%
3.31%
9.52%
3.06%
13.62%
2.54%
41
249
312
353
160
175
2,411
17
75
55
0.20%
1.42%
1.04%
1.24%
1.58%
0.75%
1.23%
0.13%
0.52%
0.73%
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
White Population
120.00%
100.00%
Hyde Park
Beacon
Poughkeepsie
Haverstraw
Yonkers
Irvington
Sleepy Hollow
Hudson
Newburgh
Kingston
Percent of Total
80.00%
60.00%
40.00%
Data not available
for Newburgh in
1970, Kingston in
1970 and 1980, and
Hudson in 1970 and
1980.
20.00%
0.00%
1970
1980
1990
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
2000
Black/African American Population
45.00%
40.00%
35.00%
Hyde Park
Beacon
Poughkeepsie
Haverstraw
Yonkers
Irvington
Sleepy Hollow
Hudson
Newburgh
Kingston
Percent of Total
30.00%
25.00%
20.00%
15.00%
10.00%
No data available
for Newburgh in
1970, Kingston in
1970 and 1980,
and Hudson in
1970 and 1980.
5.00%
0.00%
1970
1980
1990
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
2000
White Paper Project: Family Income by Census Tract
1970
Average
Income
per Family
(in dollars)
Location
Hyde Park
13,104
Beacon
14,171
Poughkeepsie
11,039
Newburgh
NA
Haverstraw
11,491
Kingston
NA
Yonkers
13,979
Irvington
21,368
Sleepy Hollow
18,451
Hudson
NA
Aggregate
Family
Income (in
dollars)
10,599,100
8,971,957
9,247,275
NA
7,323,710
NA
16,046,127
31,361,475
17,437,255
NA
1980
Average
Income
per Family
(in dollars)
25,683
23,015
18,700
16,581
21,761
NA
25,299
45,542
42,211
NA
Aggregate
Family
Income (in
dollars)
26,627,765
16,985,793
14,856,788
1,494,095
15,327,140
NA
25,856,963
72,175,580
40,749,257
NA
Average Aggregate
Income
Family
Per Family Income
Percent
Percent
Change, Change,
1970-1980 1970-1980
95.99% 151.23%
62.41%
89.32%
69.40%
60.66%
Other
Other
89.37% 109.28%
Other
Other
80.98%
61.14%
113.13% 130.14%
128.77% 133.69%
Other
Other
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
Average Aggregate
Income
Family
per Family Income (in
(in dollars)
dollars)
52,130 54,143,273
32,070
3,675,777
37,356 29,118,733
34,172 32,008,620
38,700 28,354,051
40,226 28,530,292
52,517 49,835,676
102,999 170,293,547
88,093 90,157,460
56,118 52,338,423
Average
Income
per Family
Percent
Change,
1980-1990
102.97%
39.34%
99.76%
106.09%
77.84%
Other
107.59%
126.16%
108.70%
Other
Aggregate
Income
per Family
Percent
Change,
1980-1990
103.33%
-78.36%
96.00%
2042.34%
84.99%
Other
92.74%
135.94%
121.25%
Other
Average Family Income
120,000
100,000
Hyde Park
Beaocn
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Dollars
80,000
60,000
40,000
20,000
0
1970
1980
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
No data
available for
Newburgh in
1970, Kingston
in 1970 and
1980, and
Hudson in 1970
and 1980.
White Paper Project: Educational Attainment by Census Tract
>=25
Years
Old
Location
Hyde Park
11,582
Beacon
7,859
Poughkeepsie
19,257
Newburgh
NA
Haverstraw
4,265
Kingston
NA
Yonkers
124,825
Irvington
6,553
Sleepy Hollow
6,927
Hudson
NA
1970
>=25 Years Old Who
Have Completed High Percent of >=25 Years Old Who Have Percent of
School
Total
Completed >15Years of School
Total
3,868
33.40%
1,291
11.15%
2,258
28.73%
474
6.03%
5,436
28.23%
1,927
10.01%
NA
Other
NA
Other
1,320
30.95%
271
6.35%
NA
Other
NA
Other
44,031
35.27%
16,000
12.82%
1,799
27.45%
2,246
34.27%
1,864
26.91%
1,476
21.31%
NA
Other
NA
Other
>=25
Years Old
Hyde Park
12,756
Beacon
8,268
Poughkeepsie
18,582
Newburgh
13,008
Haverstraw
4,743
Kingston
NA
Yonkers
126,949
Irvington
7,661
Sleepy Hollow
7,342
Hudson
NA
1980
>=25 Years Old who
Have Completed High Percent of >=25 Years Old Who Have Percent of
School
Total
Completed >15Years of School
Total
4,340
34.02%
1,979
15.51%
2,710
32.78%
714
8.64%
5,550
29.87%
2,756
14.83%
3,901
29.99%
992
7.63%
1,463
30.85%
354
7.46%
NA
Other
NA
Other
46,891
36.94%
22,374
17.62%
2,012
26.26%
3,281
42.83%
2,161
29.43%
2,066
28.14%
NA
Other
NA
Other
>=25
Years Old
Hyde Park
13,670
Beacon
11,089
Poughkeepsie
19,139
Newburgh
14,965
Haverstraw
5,524
Kingston
16,017
Yonkers
129,759
Irvington
8,413
Sleepy Hollow
8,157
Hudson
5,325
1990
>=25 Years Old who
Have Completed High Percent of >=25 Years Old Who Have Percent of
School
Total
Completed >15Years of School
Total
4,150
30.36%
3,061
22.39%
3,420
30.84%
1,466
13.22%
4,801
25.08%
4,168
21.78%
4,415
29.50%
1,712
11.44%
1,487
26.92%
537
9.72%
4,371
27.29%
2,958
18.47%
40,943
31.55%
28,424
21.91%
1,418
16.85%
4,690
55.75%
1,626
19.93%
3,004
36.83%
1,585
29.77%
431
8.09%
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Persons >= 25 Years Old Who Have Completed >15 Years of School
60.00%
50.00%
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
SleepyHollow
Hudson
Percent of Total
40.00%
30.00%
20.00%
No data available
for Newburgh in
1970, Kingston in
1970 and 1980,
and Hudson in
1970 and 1980.
10.00%
0.00%
1970
1980
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
White Paper Project: Housing Composition by Census Tract
Total occupied
Persons in
Married Couple Families with
housing units Occupied Units
Children <18 Years Old
Location
Hyde Park
4,757
16,138
2,274
Beacon
3,988
12,361
1,422
Poughkeepsie
11,558
31,405
3,210
Newburgh
NA
NA
NA
Haverstraw
2,421
8,132
999
Kingston
NA
NA
NA
Yonkers
69,124
200,682
23,934
Irvington
3,497
10,716
1,533
Sleepy Hollow
3,744
11,614
1,509
Hudson
NA
NA
NA
1970
Percent of
Nonfamily
Total
Households
47.80%
710
35.66%
1,342
27.77%
3,564
Other
NA
41.26%
494
Other
NA
34.62%
13,163
43.84%
563
40.30%
648
Other
NA
Percent of
Total Renter-Occupied Percent of
Total
Housing Units
Total
14.93%
970
20.39%
33.65%
2,869
71.94%
30.84%
6,737
58.29%
Other
NA
Other
20.40%
1,252
51.71%
Other
NA
Other
19.04%
43,692
63.21%
16.10%
1,500
42.89%
17.31%
1,764
47.12%
Other
NA
Other
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
6,480
4,412
12,262
8,621
2,604
NA
73,883
4,154
4,112
NA
18,822
12,176
28,931
23,053
8,442
NA
192,117
10,963
11,398
NA
2,470
1,234
2,154
1,798
904
NA
17,429
1,302
1,267
NA
1980
38.12%
27.97%
17.57%
20.86%
34.72%
Other
23.59%
31.34%
30.81%
Other
1,370
1,162
5,006
2,762
518
NA
20,942
1,028
1,009
NA
21.14%
26.34%
40.83%
32.04%
19.89%
Other
28.34%
24.75%
24.54%
Other
1,811
1,866
7,594
5,285
1,350
NA
47,896
1,509
1,988
NA
27.95%
42.29%
61.93%
61.30%
51.84%
Other
64.83%
36.33%
48.35%
Other
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
7,053
4,731
11,874
9,023
2,710
9,651
72,100
4,518
4,320
3,139
19,158
12,972
28,060
25,577
9,054
22,381
185,186
11,490
12,085
7,246
2,222
1,306
1,923
1,809
785
1,586
14,575
1,201
1,301
512
1990
31.50%
27.61%
16.20%
20.05%
28.97%
16.43%
20.21%
26.58%
30.12%
16.31%
1,776
1,363
4,867
2,901
526
3,838
22,574
1,197
1,061
1,287
25.18%
28.81%
40.99%
32.15%
19.41%
39.77%
31.31%
26.49%
24.56%
41.00%
1,681
1,921
7,101
5,795
1,503
4,822
40,692
1,192
2,079
2,098
23.83%
40.60%
59.80%
64.22%
55.46%
49.96%
56.44%
26.38%
48.13%
66.84%
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
7,395
5,098
12,014
9,197
2,816
9,871
74,351
4,923
4,639
2,951
19,418
13,296
26,709
27,293
9,631
22,548
193,766
12,290
13,786
6,658
1,930
1,116
1,517
1,751
733
1,476
14,517
1,418
1,581
359
2000
26.10%
21.89%
12.63%
19.04%
26.03%
14.95%
19.52%
28.80%
34.08%
12.17%
2,174
1,733
5,457
3,080
647
4,374
25,061
1,534
1,120
1,359
29.40%
33.99%
45.42%
33.49%
22.98%
44.31%
33.71%
31.16%
24.14%
46.05%
1,915
2,202
7,587
6,339
1,561
5,211
42,211
1,441
2,115
1,958
25.90%
43.19%
63.15%
68.92%
55.43%
52.79%
56.77%
29.27%
45.59%
66.35%
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Married Couple Families with Children <18 Years Old
60.00%
50.00%
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Percent of Total
40.00%
30.00%
20.00%
No data available
for Newburgh in
1970, Kingston in
1970 and 1980,
and Hudson in
1970 and 1980.
10.00%
0.00%
1970
1980
1990
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
2000
Renter-Occupied Housing Units
80.00%
70.00%
60.00%
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Percent of Total
50.00%
40.00%
30.00%
20.00%
No data available for
Newburgh in 1970,
Kingston in 1970 and
1980, and Hudson in 1970
and 1980.
10.00%
0.00%
1970
1980
1990
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
2000
Occupied Housing Units
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Columbia
Dutchess
Orange
Rockland
Ulster
Westchester
1970
1980
1990
2000
4,757
3,988
11,558
NA
2,421
NA
69,124
3,497
3,744
NA
6,480
4,412
12,262
8,621
2,604
NA
73,883
4,154
4,112
NA
7,053
4,731
11,874
9,023
2,710
9,651
72,100
4,518
4,320
3,139
7,395
5,098
12,014
9,197
2,816
9,871
74,351
4,923
4,639
2,951
1970
1980
1990
2000
NA
62,454
NA
60,357
NA
281,703
NA
80,641
84,175
77,905
53
307,453
23,696
89,568
101,428
84,873
60,871
320,029
24,796
99,536
114,788
92,675
67,499
337,142
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Percent Change,
1970-2000
55.46%
27.83%
3.95%
Other
16.32%
Other
7.56%
40.78%
23.90%
Other
Percent Change,
1970-2000
Other
59.37%
Other
53.54%
Other
19.68%
Percent Change,
1990-2000
4.85%
7.76%
1.18%
1.93%
3.91%
2.28%
3.12%
8.96%
7.38%
-5.99%
Percent Change,
1990-2000
4.64%
11.13%
13.17%
9.19%
10.89%
5.35%
Average Value of OwnerOccupied Housing Units
(in dollars)
Owner-Occupied Housing
Units
Aggregate Value of OwnerOccupied Housing Units
(in dollars)
Average Value of OwnerOccupied Housing Units
(in dollars)
Average Value of OwnerOccupied Housing Units,
Percent Change 19701980 (in dollars)
Owner-Occupied Housing
Units
Aggregate Value of OwnerOccupied Housing Units
(in dollars)
Average Value of OwnerOccupied Housing Units
(in dollars)
Average Value of OwnerOccupied Housing Units,
Percent Change 19801990 (in dollars)
6 Counties
Aggregate Value of OwnerOccupied Housing Units
(in dollars)
Aggregate Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units (in dollars)
Owner-Occupied Housing Units
Aggregate Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units, Percent Change 1970-1980 (in dollars)
Owner-Occupied Housing Units
Aggregate Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units, Percent Change 1980-1990 (in dollars)
Location
Hyde Park
Beacon
Poughkeepsie
Newburgh
Haverstraw
Kingston
Yonkers
Irvington
Sleepy Hollow
Hudson
Owner-Occupied Housing Units
Owner-Occupied Housing Units
Aggregate Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units (in dollars)
Owner-Occupied Housing Units
Aggregate Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units, Percent Change 1970-1980 (in dollars)
Owner-Occupied Housing Units
Aggregate Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units (in dollars)
Average Value of Owner-Occupied Housing
Units, Percent Change 1980-1990 (in dollars)
County
Dutchess
Orange
Rockland
Ulster
Westchester
Hudson
Owner-Occupied Housing
Units
White Paper Project: Value of the Housing Stock
Value of Housing Stock, by County
1970
1980
1970
1970
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, Marist College.
1990
41,356
NA
42,553
NA
146,344
NA
788,573,374
NA
1,375,005,788
NA
4,733,976,437
NA
19,068
NA
32,313
NA
32,348
NA
53,591
55,293
55,217
37
161,229
NA
2,217,000,750
2,061,230,250
3,336,050,000
1,257,750
11,672,904,000
NA
41,369
37,278
60,417
33,993
72,400
NA
116.96%
Other
86.98%
Other
123.81%
Other
61,901
68,408
61,220
42,157
190,978
16,477
7,892,689,001
8,403,409,206
11,843,649,114
3,914,115,726
42,360,586,862
1,281,185,500
127,505
122,842
193,460
92,846
221,809
77,756
208.21%
229.53%
220.21%
173.13%
206.37%
Other
Value of Housing Stock, by Location
1980
1990
3,787
2,419
4,821
NA
1,169
NA
25,432
1,997
1,980
NA
69,559,750
36,393,184
74,267,250
NA
20,942,291
NA
567,661,864
65,983,750
67,001,254
NA
18,368
15,045
15,405
NA
17,915
NA
22,321
33,041
33,839
NA
4,669
2,546
4,668
3,336
1,254
NA
25,987
2,645
2,124
NA
182,376,000
74,188,000
132,983,250
58,306,750
39,979,750
NA
1,168,435,000
184,476,000
171,234,250
NA
39,061
29,139
28,488
17,478
31,882
NA
44,962
69,745
80,619
NA
112.66%
93.68%
84.93%
Other
77.96%
Other
101.44%
111.08%
138.24%
Other
5,372
2,810
4,773
3,228
1,207
4,829
31,408
3,326
2,241
1,041
610,275,958
290,904,500
437,437,501
243,853,979
125,488,746
421,068,125
3,953,122,316
770,477,500
627,880,667
53,632,500
113,603
103,525
91,648
75,543
103,967
87,196
125,864
231,653
280,179
51,520
190.83%
255.28%
221.71%
332.22%
226.10%
Other
179.93%
232.14%
247.54%
Other
Value of Housing Stock, by Region
1980
1990
230,253
6,897,555,599
29,956
325,367
19,288,442,750
59,282
97.89%
441,141
75,695,635,409
171,591
189.45%
Average Value of Owner-Occupied Housing Units
140,000
120,000
100,000
80,000
Dollars
Dutchess County
Hyde Park
Beacon
Poughkeepsie
60,000
40,000
20,000
0
1970
1980
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
Average Value of Owner-Occupied Housing Units
140,000
120,000
100,000
Dollars
80,000
Orange County
Newburgh
60,000
40,000
20,000
0
1970
1980
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
Average Value of Owner-Occupied Housing Units
250,000
200,000
Dollars
150,000
Rockland County
Haverstraw
100,000
50,000
0
1970
1980
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
Average Value of Owner-Occupied Housing Units
300,000
250,000
Dollars
200,000
Westchester County
Yonkers
Irvington
Sleepy Hollow
150,000
100,000
50,000
0
1970
1980
Year
Source: NCDB 1970-2000 US Census Tract Data.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
1990
Racial Composition of Public Schools in the Hudson Valley
Location
School District
County
Newburgh
Yonkers
Beacon
Poughkeepsie
Hyde Park
Haverstraw
Kingston
Irvington
Sleepy Hollow
Newburgh City School District
Yonkers City School District
Beacon City School District
Poughkeepsie City School District
Hyde Park Central School District
Haverstraw-Stony Point Central School District (North Rockland)
Kingston City School District
Irvington Union Free School District
Union Free School District of the Tarrytowns
Orange
Westchester
Dutchess
Dutchess
Dutchess
Westchester
Ulster
Westchester
Westchester
County
Dutchess
Orange
Rockland
Ulster
Westchester
Source: New York State Department of Education, Statistical Profiles of School Districts 2002.
Compiled by the Bureau of Economic Research, School of Management, Marist College.
Total Enrollment
White, % Black, % Hispanic, % Other, %
12,603
26,237
3,409
4,507
4,611
7,850
8,310
1,744
2,308
40.00%
20.50%
59.00%
23.90%
85.10%
55.30%
78.10%
84.90%
38.30%
30.50%
30.20%
22.80%
63.10%
9.10%
10.00%
15.10%
2.50%
8.20%
27.60%
43.60%
16.80%
11.50%
3.70%
31.40%
4.60%
2.60%
51.00%
1.90%
5.60%
1.40%
1.40%
2.10%
3.30%
2.10%
10.00%
2.50%
45,958
63,475
40,878
28,806
142,768
79.00%
72.80%
60.80%
84.20%
56.30%
12.00%
11.80%
19.20%
7.90%
19.40%
6.00%
13.40%
12.00%
6.30%
19.40%
3.00%
2.00%
8.00%
1.70%
4.90%
History of Crime in Selected Cities
Crime Index
2000
1995
Hyde Park
Beacon
1990
Crime Index
1986
1980
1975
711
402
494
712
445
566
278
2000
1995
1,192
11
1,609
2,366
2,646
2,663
2,275
Orange
2,494
1,187
2,441
2,459
Ulster
Haverstraw
486
609
658
459
Kingston
871
1,173
1,571
1,204
923
827
Yonkers
5,680
8,364
10,644
9,359
11,522
10,572
Rockland
Westchester
20
1,373
2
174
1,146
713
48
141
114
150
99
435
495
581
914
1,412
1,642
1986
1980
1,009
Modified Crime Index
1980
712
402
497
514
447
579
Poughkeepsie
1,362
1,625
2,379
2,664
2,696
Newburgh
1,736
1,152
2,513
1,197
2,472
511
610
661
459
Kingston
874
1,175
1,571
1,231
937
Yonkers
5,750
8,433
10,733
9,424
11,667
Haverstraw
1975
245
Modified Crime Index
Beacon
2,476
367
1,109
1,142
Hyde Park
358
885
409
1,012
1,730
1986
427
980
253
907
1,346
1990
1980
Columbia
Newburgh
1995
1986
Dutchess
Poughkeepsie
2000
1990
2000
1995
1990
Columbia
254
413
373
Dutchess
913
1,020
1,129
1,229
20
1,398
2
11
247
177
1,168
48
0
114
436
499
585
Orange
Ulster
Rockland
Westchester
720
919
1,435
*Note: Crime Index and Modified Crime Index were not reported at the city and county level for all years. In the case of cities, township level figures have been substituted in italics. For counties, New York State Police
figures for respective counties have been substituted in italics.
Source: Federal Bureau of Investigation, Uniform Crime Reports.
Compiled by the Bureau of Economic Research, School of Management, Marist College.