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Per the latest NY Labor Statistics report for January 2018, private sector employment in the Buffalo area grew by 8000 jobs in the last year. https://www.labor.ny.gov/stats/cesemp.asp
For the 3rd year in a row Buffalo area employment has reached a new record high for January, going back as far as 1990. Since the end of the recession in 2010, over 34,000 jobs have been added.
The rate of job growth was slightly above the national average.
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Where in the link did you see 8000 jobs? Looking at the data https://www.labor.ny.gov/stats/cesemp.asp there is growth of 15.4 jobs (private & None farm) over the previous year. A bit short of the figure you posted...
In fact total none farm jobs have only grown by 30.7 jobs since 1990...
Where in the link did you see 8000 jobs? Looking at the data https://www.labor.ny.gov/stats/cesemp.asp there is growth of 15.4 jobs (private & None farm) over the previous year. A bit short of the figure you posted...
In fact total none farm jobs have only grown by 30.7 jobs since 1990...
Looking at Buffalo historical estimates table:
Private
Jan 2018 = 466,200
Jan 2017 = 458,200
Change = 8,000 in last year
Total Nonfarm:
Jan 2018 = 557,200
Jan 2010 = 522,800
Change = 34,400 since 2010
Since 1990 correct. Jobs have gone up and down since then, but increasing every year since last low point in 2010.
Interesting that even though metro population dropped by 50,000 since 1990 there are still over 30,000 more jobs.
Private
Jan 2018 = 466,200
Jan 2017 = 458,200
Change = 8,000 in last year
Total Nonfarm:
Jan 2018 = 557,200
Jan 2010 = 522,800
Change = 34,400 since 2010
Since 1990 correct. Jobs have gone up and down since then, but increasing every year since last low point in 2010.
Interesting that even though metro population dropped by 50,000 since 1990 there are still over 30,000 more jobs.
This is especially interesting given the declining labor force. It will be interesting to see whether employers will even be able to find qualified candidates when the waves of baby boomer workers retire. I think without population growth, we are at the maximum number of jobs.
This is especially interesting given the declining labor force. It will be interesting to see whether employers will even be able to find qualified candidates when the waves of baby boomer workers retire. I think without population growth, we are at the maximum number of jobs.
I’m also wondering if this plays a part in the positive millennials moving to the area articles in regards to the area, as jobs steadily increase in the area. So, perhaps some are aware or keeping an eye on what is going on in regards to the area job market.
I’m also wondering if this plays a part in the positive millennials moving to the area articles in regards to the area, as jobs steadily increase in the area. So, perhaps some are aware or keeping an eye on what is going on in regards to the area job market.
Ok I see what I misread but what kind of jobs have they created.
Quote:
Driving up hiring during January was a nearly 4 percent increase in staffing at local bars, hotels and restaurants. Hiring in the financial services sector, especially at local banks and insurers, grew by a little more than 2 percent. Employment in professional and business services grew by more than 3 percent, fueled by a more than 6 percent jump in jobs within a category that includes temporary help agencies.
On the downside, retail jobs slumped by nearly 4 percent as local stores were hurt by online shopping and a weak Canadian dollar that makes it less enticing for shoppers to cross the border in search of lower prices at Buffalo Niagara malls. Factory employment dipped slightly, while hiring by government agencies, which includes public schools, also weakened.
Fake News !! LOL They have been saying the same thing for the last 20 years, but reality shows more and more empty & decaying buildings, factorys, shopping plaza's and everything in between, The only sure thing in WNY is that property taxes go up every year to pay for the yearly raises of the union public sector workers
Just wait until the $15/hour minimum wage and paid family leave kicks in. This the high point of employment, its all downhill from here. I am glad I sold my house and business, retired and left the area. Typical NYS move, it puts a massive burden on business and costs the state nothing just like all those unfunded mandates. All those entry level jobs are history, there will be massive unemployment in people will less education. Who is going to pay $15 plus benefits to flip hamburgers or other menial work. Everyone will have their "living wage" but no job.
Last edited by Thundarr457; 03-10-2018 at 10:45 AM..
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