Skip Navigation
Regional News
It's the private sector that's leading the way in job creation, as the public sector is dragging.

Upstate leads NY jobs gains

Listen to this story
New York State is on the brink of returning to pre-recession job levels, largely thanks to upstate. That's according to a new analysis from IHS Global Insight. The Innovation Trail's Alex Crichton has more.

Hear this

Download audio

Share this


Explore this

Story location

News near this location

Jim Diffley, chief regional economist at IHS, credits a strong upstate region in helping New York join four other states in returning to pre-recession employment levels...

“The biggest problem in 2008-09 was the aftermath of the real estate bubble bursting. And outside of metropolitan New York City, New York State was pretty well insulated from that. It didn’t have the big run up in home prices and it didn’t have the big run down.”

Diffley says New York has also benefitted from exports and manufacturing activity. He says that's been the strongest sector helping with a slow recovery.

Diffley says sometime this year the state should pass its previous peak employment levels, set in 2007.

Diffley adds it's the private sector that's leading the way in job creation, as the public sector is dragging generally everywhere.



Visitor comments

on:

NCPR is supported by:

This is a Visitor-Supported website.