Wednesday, October 29, 2014

JOBS | Metro NY and NJ

September data on Metro Area non-farm jobs shows an increase of 130,500 jobs in the Greater New York area, which includes all of Long Island. This is the best performance of metro areas in New York State. In fact, jobs grew substantially in New York State only in the Hudson River corridor from New York City through Kingston to Albany.
Metropolitan area
State
Sept. 2013 
(‘000)
Sept. 2014(p) (‘000)
 Change (‘000)
Change (%)
Trenton-Ewing, NJ
New Jersey
247.2
252.0
4.8
1.9
Ocean City, NJ
New Jersey
46.8
47.2
0.4
0.9
Vineland-Millville-Bridgeton, NJ
New Jersey
57.3
57.8
0.5
0.9
Atlantic City-Hammonton, NJ
New Jersey
138.7
128.7
-10.0
-7.2
New York-Northern New Jersey-Long Island, NY-NJ-PA
New York
8,710.1
8,840.6
130.5
1.5
Kingston, NY
New York
60.3
60.8
0.5
0.8
Albany-Schenectady-Troy, NY
New York
448.2
451.3
3.1
0.7
Buffalo-Niagara Falls, NY
New York
551.9
554.5
2.6
0.5
Elmira, NY
New York
38.7
38.8
0.1
0.3
Poughkeepsie-Newburgh-Middletown, NY
New York
254.0
254.4
0.4
0.2
Ithaca, NY
New York
70.4
70.5
0.1
0.1
Rochester, NY
New York
515.7
516.2
0.5
0.1
Binghamton, NY
New York
106.3
106.1
-0.2
-0.2
Glens Falls, NY
New York
55.0
54.8
-0.2
-0.4
Syracuse, NY
New York
317.3
316.1
-1.2
-0.4
Utica-Rome, NY
New York
128.0
127.3
-0.7
-0.5
Source: BLS Metro Areas report, October 29, 2014.

In New Jersey, the state capital, as in New York State, gained jobs but growth was weaker in the rest of the state. Atlantic City remains in economic crisis, losing 7.2 percent of its jobs, 10,000 of them, in the year ending September 2014.

For cities, density remains destiny. The bigger cities survive economic downturns best, and so do state capitals, where the state taxes go.