NYS Department of Labor, Division of Research and Statistics Frank M. Surdey, Managing Economist May 2008 Labor Market and Demographic Trends in Greene County

Current Jobless Rates

Current Job Growth Rates April 2007 – April 2008

Historical Job Growth Rates

Greene County’s Largest Industry Sectors By Employment, 2006 IndustryEmployment Share of Total Job Trend 2003 – 2006 Average Wage 2006 Local Government2, %+10$33,936 Retail Trade1, %+60$23,998 Accommodation and Food Services 1, %+60$23,669 State Government1, %+90$61,372 Health Care and Social Assistance 1,1407.9%+80$28,838

Greene County’s Major Job-Generating Industry Sectors, Industry Job Growth Employment 2006 Share of Total Jobs Average Wage 2006 Construction %$37,723 Manufacturing %$47,298 State Government+901, %$61,372 Health Care and Social Assistance +801,1407.9%$28,838 Accommodation and Food Service +601, %$12,669 Retail Trade+601, %$23,998

Declining Industry Sectors By Employment Greene County: Industry Job Loss Employment 2006 Share of Total Jobs 2006 Average Wage 2006 Professional and Technical Services %$39,361 Agriculture %$26,516 Information %$40,725 Federal Government %$44,733

Industries of High Relative Importance by Employment in Greene County Compared to New York State or the United States Industry Sector Share of Total Jobs – 2006 GreeneNYSUnited States Government29.5%16.8%15.8% Retail Trade13.2%10.4%11.5% Accommodation and Food Services11.5%6.4%8.3% Construction6.2%4.0%5.7% Arts, Entertainment and Recreation5.2%1.6%1.4%

Long-Term National Employment Projections Industries of High Relative Performance by Employment in Greene County Industry Sector Projected Job Change, United States – NetPercent Government+1,331, % Retail Trade+687, % Accommodation and Food Services+1,278, % Construction+780, % Arts, Entertainment and Recreation+595, %

Industries of Low Relative Importance by Employment in Greene County Compared to New York States or the United States Industry Sector Share of Total Jobs – 2006 GreeneNYSUnited States Administrative and Waste Services1.2%5.0%6.2% Information1.5%3.2%2.3% Finance and Insurance2.0%6.4%4.5% Professional and Technical Services2.6%6.5%5.5% Health Care and Social Assistance7.9%14.1%11.0%

Long-Term National Employment Projections Industries of Low Relative Performance by Employment in Greene County Industry Sector Projected Job Change, United States – NetPercent Administration and Waste Services+1,700, % Information+211, % Finance and Insurance+1,206, % Professional and Technical Services+2,121, % Health Care and Social Assistance+4,034, %

Distribution of Firms By Employment Size Private Sector, Greene County, 2007 Total Firms = 1,229

Distribution of Jobs by Employment Size of Firm Private Sector, Greene County, 2007 Total Jobs = 10,070

Share of Private Sector Job Growth By Size of Firm: Greene County Total Job Growth: = 1,050

Share of Employed Persons Who Work Outside Their County of Residence (Outcommutation)

Share of Jobholders Who Reside Outside Their County of Work (Incommutation)

Level of Net Outcommutation

Comparative Wages By Location 2006 Annual Average

Share of Total Employment, United States, by Level of Education and Training Required, 2006 Share of Total Employment (Percent) Source: United States Department of Labor

Projected Numeric Change in Employment Growth, United States, by Level of Education and Training Required, Source: United States Department of Labor Change in Employment (in 000’s)

Projected Percent Change in Employment, United States, by Level of Education and Training Required, Source: United States Department of Labor Change in Employment (Percent)

Projected Total Annual Openings, United States, by Level of Education and Training Required, Source: United States Department of Labor Change in Annual Openings (000’s)

Average (Mean) Occupational Wage, United States, by Level of Education and Training Required, 2006 Source: NYS Department of Labor, Division of Research & Statistics Average Wage (dollars)

Estimates of Total Population – 2007 Hudson Valley Region (U. S. Census Bureau)

Population Growth Rates: Hudson Valley Region (U.S. Census Bureau) (Growth Rate Rank Among 62 Counties)

Share of Adult Population with Bachelor’s Degree or Higher 2006 Hudson Valley Region (25 Years and Older) Source: 2006 American Community Survey

Share of Minority Group Members in Total Population, 2006 Hudson Valley Region Source: 2006 American Community Survey

Share of Foreign-Born Residents, 2006 Hudson Valley Region Source: 2006 American Community Survey

Share of Persons Who Speak Other Than English at Home, 2006 Hudson Valley Region Source: 2006 American Community Survey

Population Projections by Age Cohort Greene County, Source: Cornell Institute for Social and Economic Research

Highest Median Sales Price of Existing Single-Family Homes March 2008 New York State Association of Realtors Monthly Housing Survey RankCountyMedian Sales Price % Change: March 06 – 08 1Westchester$615, % 2Queens$539, % 3Kings$537, % 4Rockland$462, % 5Nassau$460, % 6Richmond$405, % 7Putnam$401, % 8Suffolk$381, % 9Dutchess$333, % 10Orange$299, % 11Greene$250, % New York State Total$210, %

For additional information, please contact: Frank M. Surdey, Managing Economist New York State Department of Labor Division of Research and Statistics 2001 Perimeter Road East, Suite 3 Endicott, NY Phone: (607) Fax: (607)