WPCNR QUILL & EYESHADE. From Johny Nelson, New York State Department of Labor Statistics, White Plains. November 19,2009:
White Plains showed its second consecutive monthly gain in residents employed in October, with 29,300 persons employed and 2,100 residents out of work for an unemployment rate of 6.7%, down from 7.2% two months ago. The White Plains workforce is doing better than Westchester County overall. The White Plains 6.7% figure is the highest jobless rate in 17 years.
The county unemployment rate shows 457,900 employed and 35,300 unemployed out of a workforce of 493,200 persons for an unemployment rate of 7.2%.
The region’s economy continues to feel the effects of the national recession, as private sector employment declined by 16,900, the largest October over the year job losses since 1991. Continued layoffs in the manufacturing sector is a concern. Over the past three months (August through October 2009), the manufacturing job count declined over the year by 7.1 percent compared with a 3.1 percent over-the-year decline in August-October 2008. Layoff announcements at Pfizer (Wyeth Pharmaceuticals) will likely further erode employment in that sector.
Private sector employment in the Hudson Valley Region decreased 16,900 or 2.2 percent, to 745,500 for the 12-month period ending October 2009. Employment gains were only recorded in educational and health services (+5,400).
Job losses remained broad-based, with the largest declines recorded in the following industries: trade, transportation and utilities (-6,100), manufacturing (-4,100), professional and business services (-3,700), leisure and hospitality (-2,900), natural resources, mining and construction (-2,600), financial activities (-1,600), and information (-1,300). The Government sector shed 800 jobs over the year.