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February 26, 2010
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Almost no Upstate job growth for 2005


Upstate New York barely produced any net new jobs in 2005, the state Labor Department reported with release of revised figures for the end of the year. Upstate's private-sector employment rose 0.2 percent, while the downstate region added jobs at a pace of 1.3 percent, and the nation's employment rose 1.7 percent.

The statewide private-sector job growth of 0.9 percent was just more than half the nation's growth rate. Matching the national pace would have given New York another 55,000 jobs.

We give the state Labor Department full credit for including the New York-national comparison in the first paragraph of its press release. We wish every news report on the subject included similar details. Instead, news stories often focus on the unemployment rate. That's a less useful indicator than the growth in jobs. When people move elsewhere in search of opportunity, the unemployment rate improves even though the state's economic vitality diminishes.

Three Upstate regions (Binghamton, Buffalo-Niagara Falls and Elmira) lost jobs during 2005, the Labor Department reported. The Southern Tier was hit especially hard. Kingston, Rochester and Utica saw no growth, but no net losses either. The state's Capital Region, Syracuse, Glens Falls and Ithaca all are doing well enough that local leaders say they're doing well. But their 2005 growth rates barely surpassed half the national job pace.

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News about Labor Law cases in California and nationwide:

EEOC And BNSF Railway Agree To Settle Age Discrimination Lawsuit For $800,000
The Equal Employment Opportunity Commission (EEOC) and BNSF Railway Company (BNSF) today announced that they had agreed to settle an age discrimina...
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U.S. Labor Department Cites Dover, Ohio, Pallet Manufacturer For Safety Violations
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has proposed $157,200 in fines against Inca Presswood Pallets L...
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U.S. Labor Department Halts Rockville
PHILADELPHIA – The U.S. Department of Labor has obtained a temporary restraining order that freezes the assets of Plan 3 Inc. and Plan 3 Technologi...
Read more >


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Labor Law Terms

 


Today's Terms

Bear market

Definition:
A market in which, in a time of falling prices, shareholders may rush to sell their stock shares, adding to the downward momentum.

Dividend

Definition:
Money earned on stock holdings; usually, it represents a share of profits paid in proportion to the share of ownership.

Supply

Definition:
A schedule of how much producers are willing and able to sell at all possible prices during some time period.

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Labor Law Resources

 


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Labor Law Hot Topics

 


Topics Related to Labor Law:

  • Collective Bargaining
  • Discrimination law
  • Employment Agreements
  • Employment Litigation
  • Fair Labor Standards Act
  • Labor relations
  • Mediation
  • Occupational safety & health
  • OFCCP
  • Strike Support
  • Wrongful Discharge

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