News from Media Relations
|For Release:||IMMEDIATELY UPON RECEIPT|
|Contact:||DR. CHRISTY HUEBNER CARIDI, DIRECTOR, BUREAU OF ECONOMIC RESEARCH, (845) 575-3116
GREG CANNON, OFFICE OF PUBLIC AFFAIRS, (845) 575-3174
HUDSON VALLEY ADDS JOBS, BUT NATIONAL ECONOMY SLOWS AND GLOBAL CONDITIONS LOOM, RESEARCH BUREAU REPORT SHOWS
POUGHKEEPSIE - After seven straight quarters of job gains, the Hudson Valley has recaptured 35 percent of all the jobs lost as a result of the recession, but the number of jobs remains four percent below the pre-recession peak, according to the latest data and analysis from the Marist Bureau of Economic Research published in the first quarter 2012 "Economic Report of the Hudson Valley."
- Year over year, labor force participation throughout the region was unchanged at 1,140,000
- Within the region, however, the labor force increased year over year in the upper Hudson Valley (Dutchess, Orange, Sullivan, and Ulster counties), while declining in the lower Hudson Valley (Putnam, Rockland, and Westchester)
- Labor force participation in New York State rose slightly year over year to 9,483,000 in the first quarter of 2012
- Participation in the national (civilian) labor force posted a moderate increase at 0.90 percent to 154.66 million
- The regional unemployment rate saw a year-over-year increase of 0.07 percentage points to 7.67 percent while the statewide rate increased from 8.57 percent to 9.00 percent, on average
- Nationally, the unemployment rate fell from nine percent to 8.27 percent, on average
For further information, call the Marist College Office of Media Relations at (845) 575-3174.