Long Island’s Economy & Labor Market: A Brief Overview Presented by: Mark J. Grossman Commissioner’s Long Island Regional Representative Labor Market Information.

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Presentation transcript:

Long Island’s Economy & Labor Market: A Brief Overview Presented by: Mark J. Grossman Commissioner’s Long Island Regional Representative Labor Market Information prepared by: Michael Crowell Senior Economist

Peak in current downturn: 8.3% (Feb 2010) Mar ‘11: 7.1% Peak in 1992: 8.3%

Mark Grossman begins job at the NYS Department of Labor

Long Island Region Labor Market Briefing May 2011

Growing Industries on Long Island, 12 Months Ending May 2011 Hospitals + 1,700 Food Services and Drinking Places + 1,300 Amusement, Gambling, and Recreation+ 1,200 Nursing and Residential Care Facilities Social Assistance+ 800 Ambulatory Health Care Services+ 600 Credit Intermediation & Related Activities+ 500 Merchant Wholesalers, Durable Goods Department Stores+ 400 Specialty Trade Contractors+ 200 Merchant Wholesalers, Nondurable Gds+ 200 Real Estate Food and Beverage Stores Broadcasting (except Internet)+ 100

Long Island’s Economy & Labor Market: A Brief Overview Presented by: Mark J. Grossman Commissioner’s Long Island Regional Representative Prepared by: Michael Crowell Senior Economist