“Even with the significant gains of the past couple of years, it is only now, six years after the recession ended, that the labor market is approaching its full strength. I say ‘approaching’ because in my judgment we are not there yet.”
-- Janet Yellen addressing the Providence Chamber of Commerce, May 22
Though the Ulster County non-farm labor force increased by 500 jobs over the past year, the 60,900 total in April 2015 was still 2900 jobs fewer than it was a decade ago, according to state labor statistics. Using the same statistical source, the Hudson Valley regional labor force dropped by 27,700 in the past decade.
➜ Subscribe to keep reading.
Already a subscriber?