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Old 01-17-2008, 07:01 PM
 
2,359 posts, read 8,371,578 times
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Someone recently posted statistics comparing the weather of upstate's big four Metropolitan areas. Therefore, I thought it might be a good idea to make a post comparing economic data for Buffalo, Rochester, Syracuse and Albany.












source: http://media.buffalonews.com/smedia/2008/01/05/23/0106CapitalDistrict.source.prod_affiliate.50.pdf (broken link)

Hope statistics are not copyrighted

Last edited by bellafinzi; 01-17-2008 at 07:30 PM..
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Old 01-17-2008, 08:59 PM
 
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looks like the metros are pretty much in the ranks of 1st Albany, 2nd Rochester, 3rd Syracuse, and 4th Buffalo.
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Old 01-18-2008, 06:50 AM
 
Location: Rochester, NY
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From those numbers, I wouldn't exactly say that the Capital area is "booming," just performing strongly for an upstate city.
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Old 01-18-2008, 10:38 AM
 
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the latest numbers on job growth for the 4 upstate metros from the NYSDL

Private sector employment in the Buffalo-Niagara Falls metro area increased by 3,400, or 0.7 percent, to 458,200 over the 12 months ending November 2007. Job gains were centered in educational and health services (+2,600), professional and business services (+2,200), financial activities (+1,600), and other services (+600). Losses occurred in manufacturing (-1,900), trade, transportation and utilities (-1,000), information (-400), and leisure and hospitality (-400).

Private sector employment in the Rochester metropolitan area rose 2,000, or 0.5 percent, over the year to 439,300 in December 2007. Employment gains occurred in educational and health services (+2,500), leisure and hospitality (+900), construction (+800), other services (+400), financial activities (+300) and trade, transportation and utilities (+300). Declines were concentrated in manufacturing (-3,300).

For the 12-month period ending December 2007, the private sector job count in the Syracuse metro area rose 1,900, or 0.7 percent, to 268,900. Job growth was concentrated in educational and health services (+1,300), natural resources, mining and construction (+400), leisure and hospitality (+300), and professional and business services (+300). Job losses occurred in manufacturing (-300) and trade, transportation, and utilities (-100).

From December 2006 to December 2007, the number of nonfarm jobs in the Albany-Schenectady-Troy MSA slipped by 700, or 0.2 percent, and the number of private sector jobs fell by 1,200 or 0.3 percent. During this same period, the number of nonfarm jobs in the Glens Falls MSA grew by 600 or 1.1 percent, and the number of private sector jobs rose by 900 or 2.2 percent. Additional industry detail is presented in the tables below



....so it looks like Albany is now doing the worst for job growth.
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Old 01-18-2008, 12:27 PM
 
525 posts, read 1,687,549 times
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Quote:
Originally Posted by I'minformed2 View Post
the latest numbers on job growth for the 4 upstate metros from the NYSDL

Private sector employment in the Rochester metropolitan area rose 2,000, or 0.5 percent, over the year to 439,300 in December 2007. Employment gains occurred in educational and health services (+2,500), leisure and hospitality (+900), construction (+800), other services (+400), financial activities (+300) and trade, transportation and utilities (+300). Declines were concentrated in manufacturing (-3,300).
Wow, so it looks like without manufacturing (Kodak and Delphi?), those are pretty decent numbers for Rochester (relatively speaking where > 1% is good )
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Old 01-18-2008, 03:11 PM
 
Location: Scarsdale, NY
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Albany will be the Queen City pretty soon, not Buffalo.
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Old 01-18-2008, 03:20 PM
 
Location: Baltimore, MD
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Quote:
Originally Posted by I'minformed2 View Post
the latest numbers on job growth for the 4 upstate metros from the NYSDL

Private sector employment in the Buffalo-Niagara Falls metro area increased by 3,400, or 0.7 percent, to 458,200 over the 12 months ending November 2007. Job gains were centered in educational and health services (+2,600), professional and business services (+2,200), financial activities (+1,600), and other services (+600). Losses occurred in manufacturing (-1,900), trade, transportation and utilities (-1,000), information (-400), and leisure and hospitality (-400).

Private sector employment in the Rochester metropolitan area rose 2,000, or 0.5 percent, over the year to 439,300 in December 2007. Employment gains occurred in educational and health services (+2,500), leisure and hospitality (+900), construction (+800), other services (+400), financial activities (+300) and trade, transportation and utilities (+300). Declines were concentrated in manufacturing (-3,300).

For the 12-month period ending December 2007, the private sector job count in the Syracuse metro area rose 1,900, or 0.7 percent, to 268,900. Job growth was concentrated in educational and health services (+1,300), natural resources, mining and construction (+400), leisure and hospitality (+300), and professional and business services (+300). Job losses occurred in manufacturing (-300) and trade, transportation, and utilities (-100).

From December 2006 to December 2007, the number of nonfarm jobs in the Albany-Schenectady-Troy MSA slipped by 700, or 0.2 percent, and the number of private sector jobs fell by 1,200 or 0.3 percent. During this same period, the number of nonfarm jobs in the Glens Falls MSA grew by 600 or 1.1 percent, and the number of private sector jobs rose by 900 or 2.2 percent. Additional industry detail is presented in the tables below



....so it looks like Albany is now doing the worst for job growth.
Of course when you eliminate the number 1 employer for Albany, which is the state government.
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Old 01-18-2008, 03:46 PM
 
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nope, not even. Read it carefully...for Albany, they used total nonfarm jobs. So Albany lost private sector AND government jobs...while the other three had gains in both, with the bulk of the new jobs being in the private sector.
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Old 01-18-2008, 07:06 PM
 
Location: Baltimore, MD
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Quote:
Originally Posted by I'minformed2 View Post
nope, not even. Read it carefully...for Albany, they used total nonfarm jobs. So Albany lost private sector AND government jobs...while the other three had gains in both, with the bulk of the new jobs being in the private sector.
wow I did notice that Albany has been slipping the last couple months but I did not know it was negative
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Old 01-18-2008, 08:13 PM
 
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Default economic data

If you have vistied the capital district, especially north to Saratoga this should be no surprise to you. It is a booming area...tech jobs are plentiful and there is construction everywhere, both commericial and residential. The biggest threat right now is over devlopment. Not a typical problem for an upstate city.
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