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March 7, 2013

NY job creation fell behind nation in 2012

E.J. McMahon

The state Labor Department’s annual re-benchmarked payroll job data is out today — and it doesn’t look good for much of New York.

In 2012, private-sector employment in the Empire State grew by 1.8 percent, compared to the nation’s 2.2 percent. That almost precisely reverses the numbers of the previous year, when the Empire State grew slightly faster than the nation as a whole.

The Labor Department’s press release naturally accentuated the most positive data point — strong seasonally adjusted January numbers for month-to-month growth. Howard Glaser, director of state operations also hyped the short-term trend in a tweet: “Dec 212 - Jan 2013 NYS private setcor job growth 4X greater than the national average.”

But the longer-term numbers aren’t so rosy.

Continuing a long-term trend, New York’s growth is overwhelmingly concentrated downstate, where the number of private jobs was up 2.3 percent. New York City was the regional leader, with growth of 2.6 percent.

Private employment upstate grew by 1 percent, less than half the national average.  The only region to come close to equalling the nation was Albany-Troy-Schenectady, up 2.1 percent.  The state capital area is benefitting from a heavily government subsidized expansion of high-tech and related sectors.

Here’s the table from the Labor Department:

More to follow…

Filed under: Economy, The Economy

1 Comment »

  1. This surprises anyone why? Governor Coumo has set his agenda in motion not the wishes of those who elected him. He spends money for TV commercials to tell us what a great job he’s is doing with the budget and running the state, but at who’s expense? Contrary to what many want to think not all state employees are over paid.Those in the private sector are making, in many cases more in terms of benefits and wages, than an equal counterpart in state employment is making. He is balancing his budget on the backs of the working class while elected representatives and their entourages continue to receive pay and benefit increases. The public assistance rolls will continue to receive their increases and now he is going to give a “$350.00 bonus” to those with children under 18yrs old, when their income is as high as $300K, that is just a re-election tactic and shouldn’t be seen as anything but.

    Comment by Richard A Hensel — April 16, 2013 @ 6:58 am

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