Self Employment in New York and the Hudson Valley - · PDF fileSelf Employment in New York and the Hudson Valley. Center for Labor Markets and Policy ... The Age Twist in Employment

Center for Labor Markets and Policy | Drexel University

Paul E. HarringtonCenter for Labor Markets and Policy

Drexel University

Self Employment in New York and the

Hudson Valley


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Nu

mb

ers (

Th

ou

san

ds)

Month, Year

Vacant Job

Unemployment

U:V ratio = 2.78Jun 2003

U:V ratio = 1.42Apr 2007

U:V ratio = 6.40Oct 2009

Trends in the Number of Unemployed Workers and Vacant Jobs in the U.S. 2000 to 2016


Vacant JobsExperienced Job

SeekersU:V Ratio

Total 5315 6299 1.19

Construction 144 624 4.33

Manufacturing 311 677 2.18

Wholesale Trade 163 136 0.83

Retail Trade 546 999 1.83

Transport & Utilities 203 275 1.36

Information 107 108 1.01

Financial Services 328 247 0.75

Prof. & Bus.SVC 1072 894 0.83

Education 97 213 2.19

Health ans Social SVC 924 610 0.66

Arts, Entertainment 65 191 2.93

Accommodation & Food SVC 661 902 1.36

Other Services 176 340 1.94

Experienced Unemployed and Job Vacancies in the U.S.2015


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2.0 4.0 6.0 8.0 10.0 12.0

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b V

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Unemployment Rate

Dec-00

Jul-09

Oct-09

Mar-16

Shift

The Beveridge Curve (Monthly Job Vacancy Rate versus Unemployment Rate) Seasonally Adjusted, December 2000 to March 2016


Age Group 1999-2000-2001 2013-2014-2015

16-19 41.3 27.2

20-24 69.5 62.6

25-34 80.7 79.5

35-44 81.9 80.3

45-54 79.5 78.9

55-64 57.4 64.8

65-74 17.7 26.8

75+ 5.9 8.7

Total 62.9 61.2

The Age Twist in Labor Force Participation Rates in New YorkBetween 1999-2001 and 2013-2015


Age 1999-2000-2001 2013-2014-2015

16-19 35.4 21.6

20-24 62.9 54.8

25-34 76.8 74.2

35-44 78.7 76.6

45-54 77.2 75.0

55-64 55.4 61.7

65-74 17.1 25.3

75+ 5.7 8.3

Total 59.9 57.2

The Age Twist in Employment to Population Ratios in New YorkBetween 1999-2001 and 2013-2015


Trends in the Number of Employed 16-19 Year Olds in New York, by Major Industry Sector, 2005-2007 to 2013-2015

16-19 2005-2007 2013-2015AbsoluteChange

Relative Change

Agri, Forestry, Fishing, and Hunting 2865 3659 794 27.7

Mining na na na na

Utilities na na na na

Construction 10356 8239 -2117 -20%

Non-Durable Manufacturing 4617 3548 -1069 -23%

Durable Manufacturing 3683 4458 775 21%

Wholesale Trade 3591 1765 -1826 -51%

Retail Trade 98719 63126 -35593 -36%

Transportation and Warehousing 4401 3929 -472 -11%

Information 4478 4139 -339 -8%

Finanace and Insurance 5162 1019 -4143 -80%

Real Estate, Rental and Leasing 2469 2087 -382 -15%

Professional, Scientific, and Technical 5964 3576 -2388 -40%

Mgmt of Companies and Enterprises na na na na

Administrative Support & Waste Mgmt 9973 4790 -5183 -52%

Educational 19537 13378 -6159 -32%

Healthcare and Social 24094 16138 -7956 -33%

Arts, Entertainment and Recreation 15936 12234 -3702 -23%

Accommodation and Food Services 77907 62290 -15617 -20%

Other Services 16527 9443 -7084 -43%

Public Services 3047 1608 -1439 -47%

Total 313417 219657 -93760 -30%


Trends in the Number of Employed 16-19 Year Olds in New York, by Major Occupation, 2005-2007 to 2013-2015

16-19 2005-2007 2013-2015Absolute Change

Relative Change

Management Occupations na na na na

Business and Financial Operations Occupations na na na na

Computer and Mathematical Occupations na na na na

Architecture and Engineering Occupations na na na na

Life, Physical, and Social Science Occupations na na na na

Community and Social Services Occupations 2967 1172 -1795 -60%

Legal Occupations na na na na

Education, Training, and Library Occupations 8123 7719 -404 -5%

Arts, Design, Entertainment, Sports, and Media 3237 3332 95 3%

Healthcare Practitioner and Technical na na na naHealthcare Support Occupations 5013 4508 -505 -10%Protective Service Occupations 11235 3630 -7605 -68%

Food Preparation and Serving Occupations 71890 47106 -24784 -34%

Building and Grounds Cleaning Occupations 12177 10967 -1210 -10%

Personal Care and Service Occupations 20041 15760 -4281 -21%

High-Level Sales Occupations 4974 5600 626 13%

Low-Level Sales Occupations 81268 54335 -26933 -33%

Office and Administrative Support 47858 25567 -22291 -47%

Farming, Fishing, and Forestry Occupations 3147 2925 -222 -7%

Construction and Extraction Occupations 10309 7797 -2512 -24%

Installations, Maintenance, and Repair Occupations 4425 2023 -2402 -54%

Production Occupations 4788 5634 846 18%

Transportation and Material Moving Occupations 14029 12637 -1392 -10%

Total 313417 219660 -93757 -30%



20-24 2005-2007 2013-2015AbsoluteChange

RelativeChange

Agri, Forestry, Fishing, and Hunting 3732 3597 -135 -4%

Mining 485 217 -268 -55%

Utilities 2010 1620 -390 -19%

Construction 52708 32490 -20218 -38%

Non-Durable Manufacturing 15017 15116 99 1%


Wholesale Trade 17507 8721 -8786 -50%

Retail Trade 162600 173188 10588 7%


Information 24445 22766 -1679 -7%

Finance and Insurance 40558 40346 -212 -1%


Professional, Scientific, and Technical 32323 47648 15325 47%

Management of Companies and Enterprises na na na na

Administrative Support and Waste Management 27458 30102 2644 10%

Educational 66754 51655 -15099 -23%

Healthcare and Social 90728 100995 10267 11%

Arts, Entertainment and Recreation 23339 31429 8090 35%

Accomodation and Food Services 99611 124111 24500 25%

Other Services 42900 37946 -4954 -12%

Public Services 15407 10196 -5211 -34%

Total 782643 794496 11853 2%



20-to-24 2005-2007 2013-2015AbsoluteChange

Relative Change

Management Occupations 30363 26623 -3740 -12%

Business and Financial Operations Occupations 22499 31521 9022 40%

Computer and Mathematical Occupations 9107 20564 11457 126%Architecture and Engineering Occupations 7660 4983 -2677 -35%

Life, Physical, and Social Science Occupations 6612 4946 -1666 -25%

Community and Social Services Occupations 9097 11735 2638 29%

Legal Occupations 4872 4205 -667 -14%Education, Training, and Library Occupations 47873 35318 -12555 -26%

Arts, Design, Entertainment, Sports, and Media Occupations

16245 21851 5606 35%

Healthcare Practitioner and Technical Occupations 21346 19619 -1727 -8%

Healthcare Support Occupations 19371 31278 11907 61%

Protective Service Occupations 18285 14482 -3803 -21%

Food Preparation and Serving Occupations 89375 113234 23859 27%


Personal Care and Service Occupations 36804 49184 12380 34%

High-Level Sales Occupations 39470 35573 -3897 -10%

Low-Level Sales Occupations 95350 110942 15592 16%

Office and Administrative Support Occupations 138030 114364 -23666 -17%Farming, Fishing, and Forestry Occupations 3649 2808 -841 -23%Construction and Extraction Occupations 48494 30483 -18011 -37%

Installations, Maintenance, and Repair Occupations

20332 20296 -36 0%

Production Occupations 28468 25058 -3410 -12%

Transportation and Material Moving Occupations 41666 39585 -2081 -5%Total 782644 794496 11852 2%


Trends in the Number of Employed Aged 25+ in New York, by Major Industry Sector, 2005-2007 to 2013-2015

25 and Older 2005-2007 2013-2015Absolute Change

RelativeChange


Mining 7895 8754 859 11%

Utilities 58181 42321 -15860 -27%

Construction 533450 494567 -38883 -7%


Durable Manufacturing 381117 334896 -46221 -12%

Wholesale Trade 216437 183909 -32528 -15%

Retail Trade 711140 715339 4199 1%


Information 270764 237330 -33434 -12%

Finanace and Insurance 491386 522031 30645 6%

Real Estate, Rental and Leasing 195856 208093 12237 6%

Professional, Scientific and Technical 539406 698072 158666 29%

Management of Companies and Enterprises 7328 10582 3254 44%


Educational 846118 831355 -14763 -2%




Other Services 389039 379936 -9103 -2%

Public Services 408437 419999 11562 3%

Total 7924090 8009406 85316 1%


Trends in the Number of Employed 25+ in New York, by Major Occupation, 2005-2007 to 2013-2015


Relative Change

Management Occupations 805791 918427 112636 14%


Computer and Mathematical Occupations 159289 218383 59094 37%Architecture and Engineering Occupations 129552 127198 -2354 -2%Life, Physical, and Social Science Occupations 86407 64653 -21754 -25%Community and Social Services Occupations 153892 172884 18992 12%Legal Occupations 133217 168052 34835 26%Education, Training, and Library Occupations 566047 567123 1076 0%


Healthcare Practitioner and Technical Occupations

479696 521352 41656 9%

Healthcare Support Occupations 284699 293251 8552 3%Protective Service Occupations 220279 238463 18184 8%




High-Level Sales Occupations 470390 418863 -51527 -11%Low-Level Sales Occupations 311324 324367 13043 4%Office and Administrative Support Occupations 1069340 950890 -118450 -11%Farming, Fishing, and Forestry Occupations 11705 11289 -416 -4%Construction and Extraction Occupations 452616 368462 -84154 -19%


243013 227134 -15879 -7%

Production Occupations 398728 303326 -95402 -24%Transportation and Material Moving Occupations 447823 441152 -6671 -1%Total 7924092 8009406 85314 1%


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Trends in the Number of Self Employed in the U.S.

1980 to 2016

(in 000s)


95937

115571

134433

134171

143947

136870

148449

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Trends in the Number of Persons on Non Farm Payrolls in

the U.S.

1980 to 2016

(in 000s)


Self-employed, incorporated

2005-2007 2013-2015 Absolute Change Percent Change

Agri, Forestry, Fish, & Hunt 2666 5381 2715 102%

Construction 48608 42869 -5739 -12%



Wholesale Trade 16913 15172 -1741 -10%

Retail Trade 45340 29208 -16132 -36%

Transportation and Warehousing

11859 10869 -990 -8%

Information 7874 10579 2705 34%


Real Estate, Rental & Lease 10658 15881 5223 49%

Prof, Sci, and Technical 45604 66302 20698 45%

Management of Companies and Enterprises

452 1675 1223 271%

Admin Sup & Waste Mgmt 16355 19299 2944 18%

Educational 3876 2076 -1800 -46%


Arts, Entertainment and Recreation

8643 10143 1500 17%

Accomodation and Food Services

20738 15454 -5284 -25%

Other Services 23948 12799 -11149 -47%

Total 318689 318993 304 0%

Trends in the Number of Incorporated Self Employed Workers in the State of New York, by Major Industry, 2005-07 to 2013-15


Self-employed, unincorporated 2005-2007 2013-2015Absolute Change

Percent Change


Construction 88996 77885 -11111 -12%



Wholesale Trade 9669 9882 213 2%

Retail Trade 51682 39311 -12371 -24%


Information 12246 17514 5268 43%




Administrative Support and Waste Management 39338 28412 -10926 -28%

Educational 14303 18887 4584 32%




Other Services 42635 46573 3938 9%

Total 574946 541314 -33632 -6%

Trends in the Number of Unincorporated Self Employed Workers in the State of New York, by Major Industry, 2005-07 to 2013-15


Industry 2005-2007 2013-2015Absolute Change

PercentChange


Construction 596507 535296 -61211 -10%



Wholesale Trade 237538 194397 -43141 -18%

Retail Trade 972457 951651 -20806 -2%


Information 299692 264227 -35465 -12%






Educational 932407 896392 -36015 -4%




Other Services 448464 427323 -21141 -5%

Public Services 426894 431803 4909 1%

Total 9020142 9023565 3423 0%

Trends in the Number of All Employed Residents of the State of New York, by Major Industry, 2005-07 to 2013-15


Self-employed, incorporated2005-2007

2013-2015

Absolute Change

Percent Change



Computer and Mathematical Occupations 4089 8750 4661 114%

Architecture and Engineering Occupations 1605 4494 2889 180%

Life, Physical, and Social Science Occupations 1849 2482 633 34%


Legal Occupations 11899 12271 372 3%



17485 21896 4411 25%


Healthcare Support Occupations 108 401 293 271%Protective Service Occupations 712 593 -119 -17%



Personal Care and Service Occupations 13537 10106 -3431 -25%High-Level Sales Occupations 58204 41224 -16980 -29%Low-Level Sales Occupations 8986 8365 -621 -7%

Office and Administrative Support Occupations 10772 9632 -1140 -11%


Installations, Maintenance, and Repair Occupations 7105 9065 1960 28%



Trends in the Number of Incorporated Self Employed Workers in the State of New York, by Major Occupation, 2005-07 to 2013-15


Unincorporated Self Employed 2005-2007 2013-15Absolute Change

Percent Change



Computer and Mathematical Occupations 6155 4600 -1555 -25%

Architecture and Engineering Occupations 5250 4826 -424 -8%



Legal Occupations 19174 13824 -5350 -28%

Education, Training, and Library Occupations 12279 16872 4593 37%


61111 75424 14313 23%


Healthcare Support Occupations 8520 12363 3843 45%Protective Service Occupations 1300 741 -559 -43%



Personal Care and Service Occupations 56074 72287 16213 29%High-Level Sales Occupations 53219 50317 -2902 -5%Low-Level Sales Occupations 26197 19054 -7143 -27%




19113 10803 -8310 -43%



Trends in the Number of Unincorporated Self Employed Workers in the State of New York, by Major Occupation, 2005-07 to 2013-15


Occupation 2005-2007 2013-15AbsoluteChange

Percent Change










246036 290250 44214 18%

Healthcare Practitioner and Technical Occupations 502677 542172 39495 8%


Protective Service Occupations 249801 256575 6774 3%











Trends in the Number of All Employed Residents of the State of New York, by Major Occupation, 2005-07 to 2013-15


Trends in the Number of Incorporated Self Employed Workers in the State of New York, by Level of Educational Attainment,

2005-07 to 2013-15

Self-employed, incorporated 2005-2007 2013-2015Absolute Change

Percent Change

<12 or 12, No H.S. Diploma 11324 10147 -1177 -10%

H.S. Diploma/GED 86025 67312 -18713 -22%

Some College 38687 31323 -7364 -19%

Associate's Degree 25838 27654 1816 7%

Bachelor Degree 87716 100977 13261 15%

Master's or Higher Degree 69099 81580 12481 18%

Total 318689 318993 304 0%


Trends in the Number of Unincorporated Self Employed Workers in the State of New York, by Level of Educational Attainment,

2005-07 to 2013-15

Self-employed, unincorporated

2005-2007 2013-2015Absolute Change

Percent Change

<12 or 12, No H.S. Diploma 57172 52722 -4450 -8%

H.S. Diploma/GED 179248 136577 -42671 -24%

Some College 76154 70071 -6083 -8%


Bachelor Degree 119702 137338 17636 15%

Master's or Higher Degree 99742 94483 -5259 -5%

Total 574946 541314 -33632 -6%


Trends in the Number of All Employed Residents of the State of New York, by Level of Educational Attainment, 2005-07 to 2013-15

Industry 2005-2007 2013-2015Absolute Change

Percent Change

<12 or 12, No H.S. Diploma 917089 741411 -175678 -19%

H.S. Diploma/GED 2621572 2167405 -454167 -17%

Some College 1392114 1336204 -55910 -4%


Bachelor Degree 1947196 2327095 379899 20%


Total 9020142 9023565 3423 0%


Trends in the Number of Incorporated Self Employed in the Professional, Scientific &Technical Industry, State of New York, by

Major Occupation, 2005-07 to 2013-15

Self-employed, incorporated 2005-2007 2013-2015Absolute Change

Percent Change


Business and Financial Operations Occupations

8225 13276 5051 61%


Architecture and Engineering Occupations 976 4031 3055 313%

Life, Physical, and Social Science Occupations

991 92 -899 -91%



7566 10769 3203 42%

All Other 2535 4822 2287 90%

Total 45604 66302 20698 45%


Self-employed, incorporated 2005-2006-2007 2013-2014-2015Absolute Change

Percent Change

H.S. Diploma/GED 2529 1714 -815 -32%

Some College 4384 4466 82 2%


Bachelor Degree 15540 26119 10579 68%


Total 45604 66302 20698 45%

Trends in the Number of Incorporated Self Employed in the Professional, Scientific &Technical Industry, State of New York, by

Level of Educational Attainment,2005-07 to 2013-15


Self-employed, unincorporated 2005-2006-2007 2013-14-15Absolute Change

Percent Change


Business and Financial Operations Occupations

14093 16562 2469 18%

Computer and Mathematical Occupations 5596 4073 -1523 -27%


Life, Physical, and Social Science Occupations

4516 409 -4107 -91%

Legal Occupations 17476 12123 -5353 -31%


16523 23136 6613 40%

All Other 4172 7894 3722 89%

Total 72693 76251 3558 5%

Trends in the Number of Unincorporated Self Employed in the Professional, Scientific &Technical Industry, State of New York, by

Major Occupation, 2005-07 to 2013-15



2005-2007 2013-2015Absolute Change

Percent Change

H.S. Diploma/GED 3427 7197 3770 110.0%

Some College 6476 5506 -970 -15.0%

Associate's Degree 2537 5912 3375 133.0%

Bachelor Degree 26282 30029 3747 14.3%

Master's or Higher Degree 33087 26512 -6575 -19.9%

Total 72693 76251 3558 4.9%

Trends in the Number of Unincorporated Self Employed in the Professional, Scientific & Technical Industry, State of New York, by

Level of Educational Attainment, 2005-07 to 2013-15


Occupation 2005-2007 2013-2015AbsoluteChange

Percent Change

Management Occupations 65454 113823 48369 73.9%

Business and Financial Operations Occupations 80358 123647 43289 53.9%

Computer and Mathematical Occupations 47561 86032 38471 80.9%

Architecture and Engineering Occupations 54638 50844 -3794 -6.9%

Life, Physical, and Social Science Occupations 24129 12064 -12065 -50.0%

Legal Occupations 99058 116006 16948 17.1%

Education, Training, and Library Occupations 2555 2979 424 16.6%


58880 78580 19700 33.5%

Healthcare Practitioner and Technical Occupations 6856 8549 1693 24.7%

Healthcare Support Occupations 2333 2635 302 12.9%

Protective Service Occupations 729 2621 1892 259.5%

Building and Grounds Cleaning Occupations 1902 2299 397 20.9%

Personal Care and Service Occupations 1153 3753 2600 225.5%

High-Level Sales Occupations 15526 26096 10570 68.1%

Low-Level Sales Occupations 2592 3306 714 27.5%

Office and Administrative Support Occupations 99463 97304 -2159 -2.2%

Construction and Extraction Occupations 2832 2575 -257 -9.1%

Installations, Maintenance, and Repair Occupations 5048 5590 542 10.7%

Production Occupations 4686 6192 1506 32.1%

Transportation and Material Moving Occupations 854 2669 1815 212.5%

Total 576771 748003 171232 29.7%

Trends in the Number of Residents Employed in the Professional,Scientific & Technical Industry, State of New York, by Major Occupation,

2005-07 to 2013-15


Trends in the Number of Residents Employed in the Professional,Scientific & Technical Industry, State of New York, by Level of

Educational Attainment,2005-07 to 2013-15


2005-2006-2007 2013-14-15Absolute Change

Percent Change

<12 or 12, No H.S. Diploma 6582 9177 2595 39%

H.S. Diploma/GED 65225 62605 -2620 -4%

Some College 67025 70759 3734 6%


Bachelor Degree 219280 330352 111072 51%


Total 576771 748003 171232 30%


Trends in the Number of Residents Employed in the Professional,Scientific & Technical Industry, State of New York, by Level of

Educational Attainment, 2005-07 to 2013-15


2005-2006-2007

2013-14-15

Absolute Change

Percent Change

<12 or 12, No H.S. Diploma 6582 9177 2595 39%

H.S. Diploma/GED 65225 62605 -2620 -4%

Some College 67025 70759 3734 6%


Bachelor Degree 219280 330352 111072 51%


Total 576771 748003 171232 30%


Hudson Valley Self Employment


Government, 181680, 17%

Private, for profit, 669790, 61%

Private, non profit, 115868,

11%

Self-employed, incorporated, 50650, 5%

Self-employed, unincorporated,

67827, 6%

Without pay, 1698, 0%

Class of Worker Status of Employed Residents of the 7

County Hudson Valley Region, Annual Average

2010-2014


The Distribution of Employed Residents, by Class of Worker Status in The Hudson Valley, New York and the U.S., 2010-2014

Group Hudson Valley New York U.S

Government 17% 16% 15%

Private, for profit 62% 65% 68%

Private, non profit 11% 10% 8%

Self-employed, incorporated 5% 4% 3%

Self-employed, unincorporated 6% 6% 6%

Without pay 0% 0% 0%

Total 100% 100% 100%


The Incidence of Self Employment in the Hudson Valley RegionBy Gender, Race/Ethnicity and Nativity Status, 2010-14

All Self Employed TotalIncidence of Self

Employment

All (16+) 118477 1087513 11%

Male 75017 568424 13%

Female 43460 519089 8%

White 89573 714895 13%

Black 6126 111799 5%

Asian 5071 51347 10%

Hispanic 16692 193047 9%

Other 1014 16424 6%

Foreign-Born 31854 273194 12%

Native Born 86623 814320 11%


The Incidence of Self Employment in the Hudson Valley RegionBy Age, 2010-14


Employment

16-19 629 33026 2%

20-24 2046 89164 2%

25-29 4252 92711 5%

30-34 6659 97121 7%

35-44 23493 234940 10%

45-54 34682 280201 12%

55-64 31325 194203 16%

65+ 15391 66147 23%


The Incidence of Self Employment in the Hudson Valley RegionBy Level of Educational Attainment, 2010-14


Employment

<12 or 12, No H.S. Diploma 9948 94973 10%

GED/Equivalent 2426 28724 8%

HS Diploma 21948 205912 11%

Some College, No Diploma 18809 211972 9%

Associate's Degree 8482 94411 9%

Bachelor Degree 28917 244791 12%

Master's Degree 12937 145219 9%

Professional degree 11342 40903 28%

Doctorate degree 3672 20614 18%


Ratio of Mean to Median Annual Earnings, by Class of Worker in the Hudson Valley Region, 2010-2014

Mean Annual Earnings

Median Annual

Earnings

Ratio of Mean to Median

Annual Earnings

Government $66165 $61426 1.08

Private, for profit 64431 38280 1.68

Private, non profit 58937 41561 1.42

Self-employed, incorporated 100739 55463 1.82

Self-employed, unincorporated 56671 27027 2.10

Total 65289 42864 1.52


Hudson Valley New York U.S.

Government 66165 58499 50385

Private, for profit 64431 53506 45733

Private, non profit 58937 52162 47347

Self-employed, incorporated 100739 92950 82356

Self-employed, unincorporated 56671 47842 42683

Total 65289 55225 47595

Mean Annual Earnings of Employed Residents, by Class of Worker,Hudson Valley, New York and the U.S. 2010-2014



Mean Annual

Earnings

Median Annual

Earnings

Ratio of Mean to Median

Earnings

Distribution of Employed

<12 or 12, No H.S. Diploma $55948 $35327 1.58 5%

GED/Equivalent 57696 45936 1.26 2%

HS Diploma 64268 45008 1.43 17%

Some College, No Diploma 67127 43743 1.53 17%

Associate's Degree 66570 44149 1.51 8%

Bachelor Degree 107763 62489 1.72 28%

Master's Degree 132121 85716 1.54 11%

Professional degree 214253 142181 1.51 10%

Doctorate degree 110149 70590 1.56 3%

Total 100739 55463 1.82 100%

Ratio of Mean to Median Annual Earnings, by Level of Educational Attainment Among the Incorporated Self Employed in the Hudson Valley

Region, 2010-2014


Self-employed,incorporated


Total Employed

NumberPercent

DistributionNumber

Percent Distribution

NumberPercent

Distribution

Agri, For, Fish, & Hunt 424 1% 1120 2% 5492 1%

Utilities 9344 1%

Construction 7222 14% 9561 14% 69448 6%

Non-Durable Manufacturing 809 2% 524 1% 25692 2%

Durable Manufacturing 1001 2% 777 1% 35842 3%

Wholesale Trade 2262 4% 934 1% 28506 3%

Retail Trade 5322 11% 3231 5% 119732 11%

Transportation and Warehousing 1350 3% 1876 3% 39362 4%

Information 1096 2% 1324 2% 31754 3%

Finance and Insurance 1768 3% 1842 3% 61494 6%

Real Estate 2540 5% 3025 4% 24082 2%

Prof Scientific and Technical 9827 19% 11834 17% 85330 8%

Management of Companies 90 0% 49 0% 1140 0%

Admin Supt & Waste mgmt 3240 6% 5549 8% 45312 4%

Educational 636 1% 2466 4% 135461 12%

Healthcare and Social 5008 10% 9704 14% 175450 16%

Arts, Enter and Recreation 1687 3% 3508 5% 27223 3%

Accommodation &Food Serv 3122 6% 1025 2% 59162 5%

Other Services 3225 6% 9475 14% 55753 5%

Public Services 0% 0% 51196 5%

Total 50645 100% 67824 100% 1087528 100%

The Industry Distribution of Self Employment and Total Employment of Residents of The Hudson Valley Region, 2010-2014




Total Employed

Occupation Number Percent Number Percent Number PercentManagement Occupations 11783 23% 5016 7% 118860 11%

Business and Financial Operations Occupations 3840 8% 3979 6% 55104 5%

Computer and Mathematical Occupations 738 1% 870 1% 23356 2%

Architecture and Engineering Occupations 721 1% 614 1% 15022 1%

Life, Physical, and Social Science Occupations 596 1% 1535 2% 10963 1%

Community and Social Services Occupations 193 0% 622 1% 23157 2%

Legal Occupations 2197 4% 3938 6% 20850 2%

Education, Training, and Library Occupations 446 1% 2204 3% 90810 8%

Arts, Design, Entertainment, Sports, and Media 3001 6% 6458 10% 26552 2%

Healthcare Practitioner and Technical 3559 7% 3828 6% 71454 7%Healthcare Support Occupations 144 0% 1274 2% 27977 3%Protective Service Occupations 189 0% 163 0% 35587 3%

Food Preparation and Serving Occupations 1133 2% 498 1% 51436 5%

Building and Grounds Cleaning Occupations 1420 3% 7898 12% 51879 5%

Personal Care and Service Occupations 1983 4% 7932 12% 42698 4%High-Level Sales Occupations 6776 13% 4975 7% 59160 5%Low-Level Sales Occupations 1897 4% 2133 3% 56755 5%

Office and Administrative Support Occupations 2159 4% 1564 2% 135460 12%

Farming, Fishing, and Forestry Occupations 73 0% 86 0% 3100 0%

Construction and Extraction Occupations 3896 8% 7708 11% 54671 5%

Installations, Maintenance, and Repair Occupations 1610 3% 1189 2% 28296 3%

Production Occupations 1104 2% 1068 2% 33485 3%

Transportation and Material Moving Occupations 1187 2% 2272 3% 50896 5%

Total 50645 100% 67824 100% 1087528 100%

The Occupational Distribution of Self Employment and Total Employment of Residents of The Hudson Valley Region, 2010-2014




Total Employed

Number Percent Number Percent Number Percent

<12 or 12, No H.S. Diploma

2411 5% 7536 11% 94969 9%

GED/Equivalent 808 2% 1619 2% 28725 3%

HS Diploma 8708 17% 13237 20% 205914 19%

Some College, No Diploma 8509 17% 10300 15% 211983 19%

Associate's Degree 3823 8% 4654 7% 94407 9%

Bachelor Degree 14386 28% 14531 21% 244788 23%

Master's Degree 5480 11% 7456 11% 145225 13%

Professional degree 5211 10% 6129 9% 40906 4%

Doctorate degree 1309 3% 2362 3% 20611 2%

Total 50645 100% 67824 100% 1087528 100%

Distribution of the Self Employed and All Employed Resident, by Level of Educational Attainment, Hudson Valley Region


38.8 39.0

37.0

44.9

36.1

38.8

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

Government Private for Profit Private, Non Profit Self-employed,

incorporated

Self-employed,

unincorporated

Total, All Sectors

Mean Weekly Hours of Work of the Employed Residents of

the Hudson Valley, by Class of Worker, 2010-2015



NAICS Industry 2001 2003 Absolute Relative

Total, all industries 703043 704465 1422 0.2%

11Agriculture, forestry, fishing and

hunting2970 2835 -135 -4.5%

21Mining, quarrying, and oil and gas

extraction1378 1353 -25 -1.8%

22 Utilities 4708 4643 -65 -1.4%

23 Construction 40396 45478 5082 12.6%

31-33 Manufacturing 63862 63575 -287 -0.4%

42 Wholesale trade 39837 32246 -7591 -19.1%

44-45 Retail trade 110338 110242 -96 -0.1%

48-49 Transportation and warehousing 21741 21940 199 0.9%

51 Information 27151 24882 -2269 -8.4%

52 Finance and insurance 31873 31327 -546 -1.7%

53 Real estate and rental and leasing 15616 15603 -13 -0.1%

54 Professional and technical services 40236 41169 933 2.3%

55Management of companies and

enterprises11752 10774 -978 -8.3%

56 Administrative and waste services 36065 37679 1614 4.5%

61 Educational services 25402 25878 476 1.9%

62 Health care and social assistance 120656 123673 3017 2.5%

71 Arts, entertainment, and recreation 14484 15420 936 6.5%

72 Accommodation and food services 49901 53629 3728 7.5%

81Other services, except public

administration35073 35535 462 1.3%

99 Unclassified 2198 3997 1799 81.8%

Total Employment, All Industries, Hudson Valley, 2001-2003




6211 Offices of physicians 17174 18168 994 5.8%

6212 Offices of dentists 6270 6622 352 5.6%

6213 Offices of other health practitioners 3792 3979 187 4.9%

6232 Residential mental health facilities 9639 10114 475 4.9%

6241 Individual and family services 8958 9124 166 1.9%

Total Employment, Health Industries, Hudson Valley, 2001-2003


Total Employment, Manufacturing Industries, Hudson Valley, 2001-2003


31-33 Manufacturing 63862 63575 -287 0%

332 Fabricated metal product manufacturing 5653 4866 -787 -14%

3323 Architectural and structural metals mfg. 638 582 -56 -9%





hunting2835 2818 -17 -0.6%


extraction1353 1397 44 3.3%

22 Utilities 4643 4366 -277 -6.0%

23 Construction 45478 51905 6427 14.1%

31-33 Manufacturing 63575 58691 -4884 -7.7%

42 Wholesale trade 32246 32686 440 1.4%

44-45 Retail trade 110242 115596 5354 4.9%


51 Information 24882 21377 -3505 -14.1%

52 Finance and insurance 31327 34303 2976 9.5%

53 Real estate and rental and leasing 15603 16081 478 3.1%



enterprises10774 13414 2640 24.5%







administration35535 37994 2459 6.9%

99 Unclassified 3997 3235 -762 -19.1%














31-33 Manufacturing 63575 58691 -4884 -8%

332 Fabricated metal product manufacturing 4866 5049 183 4%

3323 Architectural and structural metals mfg. 582 713 131 23%




Total, all industries 737069 697635 -39434 -5.4%


hunting2818 3128 310 11.0%


extraction1397 1599 202 14.5%

22 Utilities 4366 3942 -424 -9.7%

23 Construction 51905 39204 -12701 -24.5%

31-33 Manufacturing 58691 49163 -9528 -16.2%

42 Wholesale trade 32686 29859 -2827 -8.6%

44-45 Retail trade 115596 110325 -5271 -4.6%

48-49 Transportation and warehousing 22872 19648 -3224 -14.1%

51 Information 21377 18431 -2946 -13.8%



54 Professional and technical services 42543 40999 -1544 -3.6%


enterprises13414 12506 -908 -6.8%

56 Administrative and waste services 40633 38334 -2299 -5.7%



71 Arts, entertainment, and recreation 16083 15818 -265 -1.6%



administration37994 36656 -1338 -3.5%

99 Unclassified 3235 2368 -867 -26.8%






6212 Offices of dentists 6959 6870 -89 -1.3%







31-33 Manufacturing 58691 49163 -9528 -16%








hunting3128 3070 -58 -1.9%


extraction1599 454 -1145 -71.6%

22 Utilities 3942 4466 524 13.3%

23 Construction 39204 47899 8695 22.2%

31-33 Manufacturing 49163 44832 -4331 -8.8%

42 Wholesale trade 29859 28703 -1156 -3.9%

44-45 Retail trade 110325 118508 8183 7.4%


51 Information 18431 15450 -2981 -16.2%





enterprises12506 12591 85 0.7%







administration36656 40665 4009 10.9%

99 Unclassified 2368 4024 1656 69.9%







6213Offices of other health

practitioners4891 5909 1018 20.8%

6232Residential mental health

facilities12718 13051 333 2.6%




NAICS Industry 2010 2015Absolute Change

Relative Change

31-33 Manufacturing 49163 44832 -4331 -9%

332 Fabricated metal product manufacturing 4467 4747 280 6%






11 Agriculture, forestry, fishing and hunting 2970 3070 100 3.4%

21 Mining, quarrying, and oil and gas extraction 1378 454 -924 -67.1%

22 Utilities 4708 4466 -242 -5.1%

23 Construction 40396 47899 7503 18.6%

31-33 Manufacturing 63862 44832 -19030 -29.8%

42 Wholesale trade 39837 28703 -11134 -27.9%

44-45 Retail trade 110338 118508 8170 7.4%


51 Information 27151 15450 -11701 -43.1%




55 Management of companies and enterprises 11752 12591 839 7.1%






81 Other services, except public administration 35073 40665 5592 15.9%

99 Unclassified 2198 4024 1826 83.1%












NAICS Industry 2001 2015Absolute Change

Relative Change

31-33 Manufacturing 63862 44832 -19030 -30%




Total Employment, All Industries, New York, 2001-2003



11 Agriculture, forestry, fishing and hunting 21497 21298 -199 -0.9%

21 Mining, quarrying, and oil and gas extraction 4321 4380 59 1.4%

22 Utilities 42708 40979 -1729 -4.0%

23 Construction 329285 316910 -12375 -3.8%

31-33 Manufacturing 699492 610506 -88986 -12.7%

42 Wholesale trade 372929 350792 -22137 -5.9%

44-45 Retail trade 866846 852216 -14630 -1.7%


51 Information 323904 275275 -48629 -15.0%










81 Other services, except public administration 312025 310638 -1387 -0.4%

99 Unclassified 23400 42823 19423 83.0%


Total Employment, Health Industries, New York, 2001-2003



621 Ambulatory health care services 313199 328199 15000 4.8%




6214 Outpatient care centers 29848 30903 1055 3.5%

6215 Medical and diagnostic laboratories 12027 10781 -1246 -10.4%

6216 Home health care services 64616 72778 8162 12.6%

6219 Other ambulatory health care services 10358 11968 1610 15.5%

622 Hospitals 326263 329343 3080 0.9%

6221 General medical and surgical hospitals 307878 309494 1616 0.5%

6222 Psychiatric and substance abuse hospitals 5922 6246 324 5.5%

6223 Other hospitals 12462 13603 1141 9.2%

623 Nursing and residential care facilities 208532 218706 10174 4.9%

6231 Nursing care facilities, skilled nursing 126564 129740 3176 2.5%


6233 Continuing care, assisted living facilities 18293 20988 2695 14.7%

6239 Other residential care facilities 15731 15745 14 0.1%

624 Social assistance 243518 257418 13900 5.7%


6242 Emergency and other relief services 15967 15244 -723 -4.5%

6243 Vocational rehabilitation services 27599 27315 -284 -1.0%

6244 Child day care services 50593 53919 3326 6.6%


Total Employment, Manufacturing Industries, New York, 2001-2003


31-33 Manufacturing 699492 610506 -88986 -13%

311 Food manufacturing 54932 53105 -1827 -3%

312Beverage and tobacco product

manufacturing6996 6820 -176 -3%

313 Textile mills 10376 7565 -2811 -27%

314 Textile product mills 7219 5958 -1261 -17%

315 Apparel manufacturing 54212 38956 -15256 -28%

316Leather and allied product


331 Primary metal manufacturing 15453 12792 -2661 -17%

332Fabricated metal product

manufacturing66158 57109 -9049 -14%

333 Machinery manufacturing 64021 53913 -10108 -16%

334Computer and electronic product

manufacturing83418 75856 -7562 -9%

335Electrical equipment and appliance

mfg.21297 17488 -3809 -18%

336Transportation equipment

manufacturing42355 38687 -3668 -9%

337Furniture and related product

manufacturing21538 18909 -2629 -12%

339 Miscellaneous manufacturing 50954 44569 -6385 -13%







22 Utilities 40979 38520 -2459 -6.0%

23 Construction 316910 351992 35082 11.1%

31-33 Manufacturing 610506 551868 -58638 -9.6%

42 Wholesale trade 350792 355741 4949 1.4%

44-45 Retail trade 852216 893002 40786 4.8%


51 Information 275275 263530 -11745 -4.3%











99 Unclassified 42823 31630 -11193 -26.1%










6215 Medical and diagnostic laboratories 10781 12067 1286 11.9%



622 Hospitals 329343 337726 8383 2.5%


6222 Psychiatric and substance abuse hospitals 6246 6016 -230 -3.7%

6223 Other hospitals 13603 12925 -678 -5.0%


6231 Nursing care facilities, skilled nursing 129740 127831 -1909 -1.5%






6242 Emergency and other relief services 15244 14517 -727 -4.8%






31-33 Manufacturing 610506 551868 -58638 -10%




313 Textile mills 7565 5196 -2369 -31%







manufacturing57109 56524 -585 -1%


334Computer and electronic product manufacturing

75856 72380 -3476 -5%

335Electrical equipment and

appliance mfg.17488 15187 -2301 -13%


manufacturing38687 33468 -5219 -13%


manufacturing18909 18332 -577 -3%







21 Mining, quarrying, and oil and gas extraction 5434 4624 -810 -14.9%

22 Utilities 38520 38194 -326 -0.8%

23 Construction 351992 305601 -46391 -13.2%

31-33 Manufacturing 551868 455689 -96179 -17.4%

42 Wholesale trade 355741 324589 -31152 -8.8%

44-45 Retail trade 893002 872979 -20023 -2.2%


51 Information 263530 251171 -12359 -4.7%










81 Other services, except public administration 323431 319678 -3753 -1.2%

99 Unclassified 31630 25320 -6310 -19.9%













622 Hospitals 337726 346712 8986 2.7%


6222 Psychiatric and substance abuse hospitals 6016 6491 475 7.9%

6223 Other hospitals 12925 14803 1878 14.5%


6231 Nursing care facilities, skilled nursing 127831 129330 1499 1.2%






6242 Emergency and other relief services 14517 14945 428 2.9%

6243 Vocational rehabilitation services 26527 27978 1451 5.5%





31-33 Manufacturing 551868 455689 -96179 -17%




313 Textile mills 5196 3973 -1223 -24%







manufacturing56524 48688 -7836 -14%



72380 61955 -10425 -14%


appliance mfg.15187 13095 -2092 -14%


manufacturing33468 23153 -10315 -31%


manufacturing18332 12863 -5469 -30%








22 Utilities 38194 38092 -102 -0.3%

23 Construction 305601 359168 53567 17.5%

31-33 Manufacturing 455689 452372 -3317 -0.7%

42 Wholesale trade 324589 339442 14853 4.6%

44-45 Retail trade 872979 941489 68510 7.8%


51 Information 251171 264854 13683 5.4%











99 Unclassified 25320 43879 18559 73.3%













622 Hospitals 346712 355298 8586 2.5%



6223 Other hospitals 14803 17532 2729 18.4%





6239 Other residential care facilities 16727 15441 -1286 -7.7%









31-33 Manufacturing 455689 452372 -3317 -1%

311 Food manufacturing 49016 54379 5363 11%


manufacturing6412 8311 1899 30%

313 Textile mills 3973 3515 -458 -12%





331 Primary metal manufacturing 9889 10372 483 5%





61955 58285 -3670 -6%


appliance mfg.13095 13460 365 3%


manufacturing23153 20339 -2814 -12%










22 Utilities 42708 38092 -4616 -10.8%

23 Construction 329285 359168 29883 9.1%

31-33 Manufacturing 699492 452372 -247120 -35.3%

42 Wholesale trade 372929 339442 -33487 -9.0%

44-45 Retail trade 866846 941489 74643 8.6%


51 Information 323904 264854 -59050 -18.2%











99 Unclassified 23400 43879 20479 87.5%













622 Hospitals 326263 355298 29035 8.9%



6223 Other hospitals 12462 17532 5070 40.7%





6239 Other residential care facilities 15731 15441 -290 -1.8%









31-33 Manufacturing 699492 452372 -247120 -35%




313 Textile mills 10376 3515 -6861 -66%




manufacturing3130 1589 -1541 -49%



manufacturing66158 50841 -15317 -23%



83418 58285 -25133 -30%


appliance mfg.21297 13460 -7837 -37%


manufacturing42355 20339 -22016 -52%


manufacturing21538 13130 -8408 -39%




16-19 2005-2007 2013-2015AbsoluteChange

Relative Change

Agri, Forestry, Fishing, and Hunting 2865 3659 794 27.7

Mining na na na na

Utilities na na na na

Construction 10356 8239 -2117 -20%



Wholesale Trade 3591 1765 -1826 -51%

Retail Trade 98719 63126 -35593 -36%


Information 4478 4139 -339 -8%



Professional, Scientific, and Technical 5964 3576 -2388 -40%

Mgmt of Companies and Enterprises na na na na

Administrative Support & Waste Mgmt 9973 4790 -5183 -52%

Educational 19537 13378 -6159 -32%

Healthcare and Social 24094 16138 -7956 -33%

Arts, Entertainment and Recreation 15936 12234 -3702 -23%


Other Services 16527 9443 -7084 -43%

Public Services 3047 1608 -1439 -47%

Total 313417 219657 -93760 -30%



16-19 2005-2007 2013-2015Absolute Change

Relative Change

Management Occupations na na na na

Business and Financial Operations Occupations na na na na

Computer and Mathematical Occupations na na na na

Architecture and Engineering Occupations na na na na

Life, Physical, and Social Science Occupations na na na na

Community and Social Services Occupations 2967 1172 -1795 -60%

Legal Occupations na na na na



Healthcare Practitioner and Technical na na na naHealthcare Support Occupations 5013 4508 -505 -10%Protective Service Occupations 11235 3630 -7605 -68%



Personal Care and Service Occupations 20041 15760 -4281 -21%

High-Level Sales Occupations 4974 5600 626 13%

Low-Level Sales Occupations 81268 54335 -26933 -33%

Office and Administrative Support 47858 25567 -22291 -47%

Farming, Fishing, and Forestry Occupations 3147 2925 -222 -7%





Total 313417 219660 -93757 -30%



20-24 2005-2007 2013-2015AbsoluteChange

RelativeChange


Mining 485 217 -268 -55%

Utilities 2010 1620 -390 -19%

Construction 52708 32490 -20218 -38%



Wholesale Trade 17507 8721 -8786 -50%

Retail Trade 162600 173188 10588 7%


Information 24445 22766 -1679 -7%



Professional, Scientific, and Technical 32323 47648 15325 47%

Management of Companies and Enterprises na na na na


Educational 66754 51655 -15099 -23%




Other Services 42900 37946 -4954 -12%

Public Services 15407 10196 -5211 -34%

Total 782643 794496 11853 2%



20-to-24 2005-2007 2013-2015AbsoluteChange

Relative Change



Computer and Mathematical Occupations 9107 20564 11457 126%Architecture and Engineering Occupations 7660 4983 -2677 -35%



Legal Occupations 4872 4205 -667 -14%Education, Training, and Library Occupations 47873 35318 -12555 -26%


16245 21851 5606 35%



Protective Service Occupations 18285 14482 -3803 -21%






Office and Administrative Support Occupations 138030 114364 -23666 -17%Farming, Fishing, and Forestry Occupations 3649 2808 -841 -23%Construction and Extraction Occupations 48494 30483 -18011 -37%


20332 20296 -36 0%


Transportation and Material Moving Occupations 41666 39585 -2081 -5%Total 782644 794496 11852 2%


Trends in the Number of Employed Aged 25+ in New York, by Major Industry Sector, 2005-2007 to 2013-2015


RelativeChange


Mining 7895 8754 859 11%

Utilities 58181 42321 -15860 -27%

Construction 533450 494567 -38883 -7%



Wholesale Trade 216437 183909 -32528 -15%

Retail Trade 711140 715339 4199 1%


Information 270764 237330 -33434 -12%






Educational 846118 831355 -14763 -2%




Other Services 389039 379936 -9103 -2%

Public Services 408437 419999 11562 3%

Total 7924090 8009406 85316 1%


Trends in the Number of Employed 25+ in New York, by Major Occupation, 2005-2007 to 2013-2015


Relative Change



Computer and Mathematical Occupations 159289 218383 59094 37%Architecture and Engineering Occupations 129552 127198 -2354 -2%Life, Physical, and Social Science Occupations 86407 64653 -21754 -25%Community and Social Services Occupations 153892 172884 18992 12%Legal Occupations 133217 168052 34835 26%Education, Training, and Library Occupations 566047 567123 1076 0%


Healthcare Practitioner and Technical Occupations

479696 521352 41656 9%

Healthcare Support Occupations 284699 293251 8552 3%Protective Service Occupations 220279 238463 18184 8%




High-Level Sales Occupations 470390 418863 -51527 -11%Low-Level Sales Occupations 311324 324367 13043 4%Office and Administrative Support Occupations 1069340 950890 -118450 -11%Farming, Fishing, and Forestry Occupations 11705 11289 -416 -4%Construction and Extraction Occupations 452616 368462 -84154 -19%


243013 227134 -15879 -7%

Production Occupations 398728 303326 -95402 -24%Transportation and Material Moving Occupations 447823 441152 -6671 -1%Total 7924092 8009406 85314 1%


0

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Nu

mb

ers (

Th

ou

san

ds)

Month, Year

Vacant Job

Unemployment

U:V ratio = 2.78Jun 2003

U:V ratio = 1.42Apr 2007

U:V ratio = 6.40Oct 2009

Trends in the Number of Unemployed Workers and Vacant Jobs in the U.S. 2000 to 2016


Vacant JobsExperienced Job

SeekersU:V Ratio

Total 5315 6299 1.19

Construction 144 624 4.33

Manufacturing 311 677 2.18

Wholesale Trade 163 136 0.83

Retail Trade 546 999 1.83

Transport & Utilities 203 275 1.36

Information 107 108 1.01

Financial Services 328 247 0.75

Prof. & Bus.SVC 1072 894 0.83

Education 97 213 2.19

Health ans Social SVC 924 610 0.66

Arts, Entertainment 65 191 2.93

Accommodation & Food SVC 661 902 1.36

Other Services 176 340 1.94

Experienced Unemployed and Job Vacancies in the U.S.2015


1.0

1.5

2.0

2.5

3.0

3.5

4.0

2.0 4.0 6.0 8.0 10.0 12.0

Jo

b V

acan

cy R

ate

Unemployment Rate

Dec-00

Jul-09

Oct-09

Mar-16

Shift

The Beveridge Curve (Monthly Job Vacancy Rate versus Unemployment Rate) Seasonally Adjusted, December 2000 to March 2016


Age Group 1999-2000-2001 2013-2014-2015

16-19 41.3 27.2

20-24 69.5 62.6

25-34 80.7 79.5

35-44 81.9 80.3

45-54 79.5 78.9

55-64 57.4 64.8

65-74 17.7 26.8

75+ 5.9 8.7

Total 62.9 61.2

The Age Twist in Labor Force Participation Rates in New YorkBetween 1999-2001 and 2013-2015


Age 1999-2000-2001 2013-2014-2015

16-19 35.4 21.6

20-24 62.9 54.8

25-34 76.8 74.2

35-44 78.7 76.6

45-54 77.2 75.0

55-64 55.4 61.7

65-74 17.1 25.3

75+ 5.7 8.3

Total 59.9 57.2

The Age Twist in Employment to Population Ratios in New YorkBetween 1999-2001 and 2013-2015

Documents

Self Employment in New York and the Hudson Valley - · PDF fileSelf Employment in New York and the Hudson Valley. Center for Labor Markets and Policy ... The Age Twist in Employment