paul harrington - hv/ny job markets

Center for Labor Markets and Policy | Drexel University

Paul E. HarringtonCenter for Labor Markets and Policy

Drexel University

Key Developments in the Hudson Valley and New York Job

Markets


The Changing Industry and OccupationalComposition of Employment


NAICS Industry 2003 Q4 2007 Q4Absolute Change

Relative Change

10 Total, all industries 714,923 748,897 33,974 4.8%

11 Agriculture, forestry, fishing and hunting 3,191 3,412 221 6.9%

21 Mining, quarrying, and oil and gas extraction 480 482 2 0.4%

22 Utilities 4,697 4,690 -7 -0.1%

23 Construction 46,048 53,848 7,800 16.9%

31-33 Manufacturing 62,671 58,479 -4,192 -6.7%

42 Wholesale trade 33,580 33,877 297 0.9%

44-45 Retail trade 115,733 120,165 4,432 3.8%

48-49 Transportation and warehousing 23,135 25,066 1,931 8.3%

51 Information 24,516 21,214 -3,302 -13.5%

52 Finance and insurance 31,796 33,616 1,820 5.7%

53 Real estate and rental and leasing 15,802 16,221 419 2.7%

54 Professional and technical services 41,707 43,162 1,455 3.5%

55 Management of companies and enterprises 10,728 13,451 2,723 25.4%

56 Administrative and waste services 38,210 41,725 3,515 9.2%

61 Educational services 27,489 30,293 2,804 10.2%

62 Health care and social assistance 125,407 135,173 9,766 7.8%

71 Arts, entertainment, and recreation 14,462 15,111 649 4.5%

72 Accommodation and food services 53,608 55,508 1,900 3.5%

81 Other services, except public administration 35,959 38,518 2,559 7.1%

Employment, Hudson Valley, Q4 2003-2007



Relative Change

10 Total, all industries 748,897 708,693 -40,204 -5.4%

11 Agriculture, forestry, fishing and hunting 3,412 3,291 -121 -3.5%

21Mining, quarrying, and oil and gas extraction

482 608 126 26.1%

22 Utilities 4,690 4,733 43 0.9%

23 Construction 53,848 40,276 -13,572 -25.2%

31-33 Manufacturing 58,479 49,041 -9,438 -16.1%

42 Wholesale trade 33,877 30,229 -3,648 -10.8%

44-45 Retail trade 120,165 115,135 -5,030 -4.2%

48-49 Transportation and warehousing 25,066 22,530 -2,536 -10.1%

51 Information 21,214 18,234 -2,980 -14.0%

52 Finance and insurance 33,616 29,666 -3,950 -11.8%

53 Real estate and rental and leasing 16,221 14,336 -1,885 -11.6%

54 Professional and technical services 43,162 41,119 -2,043 -4.7%

55 Management of companies and enterprises 13,451 12,493 -958 -7.1%

56 Administrative and waste services 41,725 39,039 -2,686 -6.4%



71 Arts, entertainment, and recreation 15,111 14,615 -496 -3.3%


81Other services, except public administration

38,518 37,316 -1,202 -3.1%




Relative Change



21Mining, quarrying, and oil and gas extraction

608 455 -153 -25.2%

22 Utilities 4,733 4,324 -409 -8.6%

23 Construction 40,276 43,046 2,770 6.9%

31-33 Manufacturing 49,041 46,089 -2,952 -6.0%

42 Wholesale trade 30,229 30,258 29 0.1%

44-45 Retail trade 115,135 121,409 6,274 5.4%

48-49 Transportation and warehousing 22,530 24,103 1,573 7.0%

51 Information 18,234 16,839 -1,395 -7.7%

52 Finance and insurance 29,666 29,322 -344 -1.2%

53 Real estate and rental and leasing 14,336 15,570 1,234 8.6%


55 Management of companies and enterprises 12,493 12,884 391 3.1%




71 Arts, entertainment, and recreation 14,615 15,969 1,354 9.3%


81Other services, except public administration

37,316 38,660 1,344 3.6%




Relative Change



21 Mining, quarrying, and oil and gas extraction 480 455 -25 -5.2%

22 Utilities 4,697 4,324 -373 -7.9%

23 Construction 46,048 43,046 -3,002 -6.5%

31-33 Manufacturing 62,671 46,089 -16,582 -26.5%

42 Wholesale trade 33,580 30,258 -3,322 -9.9%

44-45 Retail trade 115,733 121,409 5,676 4.9%

48-49 Transportation and warehousing 23,135 24,103 968 4.2%

51 Information 24,516 16,839 -7,677 -31.3%

52 Finance and insurance 31,796 29,322 -2,474 -7.8%

53 Real estate and rental and leasing 15,802 15,570 -232 -1.5%


55 Management of companies and enterprises 10,728 12,884 2,156 20.1%




71 Arts, entertainment, and recreation 14,462 15,969 1,507 10.4%


81 Other services, except public administration 35,959 38,660 2,701 7.5%



2011-2012 Average

Industry

Construction ManufacturingWholesale

TradeRetail Trade

Transportation and

Warehousing

O

c

c

u

p

a

t

i

o

n

Professional, Scientific, Technical, Management, and High-Level Sales

18% 45% 56% 27% 9%

Services 0% 2% 1% 6% 7%

Clerical and Low-Level Sales 6% 11% 22% 55% 29%

Construction and Skilled Blue Collar 73% 6% 2% 3% 5%

Semi-Skilled and Unskilled Blue Collar 3% 37% 18% 9% 50%

Industry by Occupation Employment, Hudson Valley, 2011-2012


2011-2012 Average

Industry

Information and Comm.

Finance and Insurance

Prof.,Scientific, Manage., Admin,

and Waste Manage. Services

EducationHealth Care

Social Assist.

Arts, Ent., Rec.,

Accommodations, and Food Services

Other Services

Public Admin.

O

c

c

u

p

a

t

i

o

n

Professional, Scientific, Technical,

Management, and High-

Level Sales

59% 64% 55% 75% 53% 50% 20% 23% 30%

Services 2% 4% 24% 10% 29% 38% 64% 46% 46%

Clerical and Low-Level

Sales25% 30% 14% 11% 15% 7% 11% 10% 20%

Construction and Skilled Blue Collar

10% 2% 3% 2% 1% 1% 2% 12% 3%

Semi-Skilled and Unskilled

Blue Collar4% 1% 4% 3% 2% 4% 3% 10% 1%

Industry by Occupation Employment, Hudson Valley, 2011-2012


Labor Market Imbalances


4.9

4.6

8.5

7.6

0

1

2

3

4

5

6

7

8

9

2001 2007 2010 2013

Trends in the Annual Average Unemployment Rate in New York


0

2000

4000

6000

8000

10000

12000

14000

16000

18000D

ec 2

000

May 2

001

Oct

2001

Mar

2002

Aug 2

002

Jan 2

003

Jun 2

003

Nov 2

003

Apr

2004

Sep 2

004

Feb 2

005

Jul 2005

Dec 2

005

May 2

006

Oct

2006

Mar

2007

Aug 2

007

Jan 2

008

Jun 2

008

Nov 2

008

Apr

2009

Sep 2

009

Feb 2

010

Jul 2010

Dec 2

010

May 2

011

Oct

2011

Mar

2012

Aug 2

012

Jan 2

013

Jun 2

013

Nov 2

013

Am

ou

nt

(T

ho

usan

ds)

Month, Year

U.S. Vacant Job vs Unemployment Monthly from 2000 to 2014

Unemployment

Vacant Job

U:V ratio = 6.8Jul 2009

U:V ratio = 1.45Mar 2007

U:V ratio = 2.76Jun 2003

U:V ratio = 2.61Mar 2014


Industry 2000 2010 2013

Construction 7.1% 13.5% 11.3%

Non-Durable Manufacturing 7.4% 11.2% 4.4%

Durable Manufacturing 3.6% 9.3% 7.2%

Wholesale Trade 3.7% 5.8% 5.2%

Retail Trade 5.6% 9.5% 8.6%

Transportation and Warehousing 3.3% 7.1% 8.1%

Finance and Insurance 2.0% 7.0% 4.8%

Professional, Scientific and Technical 3.3% 6.2% 4.3%

Administrative Support and Waste Management 7.9% 15.8% 10.8%

Educational 2.1% 5.3% 4.4%

Healthcare and Social 2.8% 4.9% 5.8%

Accommodation and Food Services 6.7% 10.0% 10.5%

Unemployment Rates by Industry, New York, 2000, 2010, 2013


Occupation 2000 2010 2013

Management Occupations 1.7% 4.4% 4.6%

Business and Financial Operations Occupations 3.3% 4.1% 4.0%

Architecture and Engineering Occupations 1.8% 5.3% 2.9%

Life, Physical, and Social Science Occupations 1.8% 5.0% 2.6%

Community and Social Services Occupations 2.6% 6.0% 3.8%

Education, Training, and Library Occupations 1.8% 4.5% 4.1%

Healthcare Practitioner and Technical Occupations

1.6% 2.8% 3.5%

Healthcare Support Occupations 4.0% 6.1% 8.8%

Food Preparation and Serving Occupations 6.4% 10.7% 10.1%

Personal Care and Service Occupations 5.3% 6.6% 9.5%

Office and Administrative Support Occupations 4.3% 8.2% 8.9%

Construction and Extraction Occupations 8.7% 15.0% 14.3%

Transportation and Material Moving Occupations 5.8% 9.9% 9.3%

Unemployment Rates by Occupation, New York, 2000, 2010, 2013


11.3%

4.4%

7.2%

5.2%

8.6%

8.1%

10.6%

7.1%

6.3%

5.4%

7.6%

6.4%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Construction Non-Durable

Manufacturing

Durable

Manufacturing

Wholesale Trade Retail Trade Transportation

and

Warehousing

Unemployment Rates in New York and the U.S., 2013

New York

United States


4.8%4.3%

10.8%

4.4%

5.8%

10.5%

4.0%

4.7%

12.7%

4.2%

4.7%

10.2%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

Finance and

Insurance

Professional,

Scientific and

Technical

Administrative

Support and

Waste

Management

Educational Healthcare and

Social

Accommodation

and Food

Services

Unemployment Rates in New York and the U.S., 2013

New York

United States


1999-2000 2007-2008 2012-2013

1-13 Weeks 63.6 42.2 37.5

14-26 Weeks 17.3 18.7 17.4

27+ Weeks 19.1 39.0 45.0

Number of Unemployed

430843 823042 786700

Trends in the Distribution of the Unemployed in New York,By Weeks of Unemployment in the Current Spell


Group 1999-2000 2007-2008 2012-2013

All (16+) 4.9 8.5 8.2

Male 4.9 9.2 8.9

Female 4.8 7.7 7.5

White 3.5 6.8 6.6

Black 9.1 14.5 13.4

Asian 4.0 5.6 5.3

Hispanic 7.7 11.2 11.4

All Other Races 9.1 13.4 9.9

Trends in Unemployment Rates in New York by GenderAnd Race/Ethnicity


Group 1999-2000 2007-2008 2012-2013

16 to 24 years 11.4 17.3 16.9

25 to 34 years 4.9 9.3 8.1

35 to 44 years 3.9 7.2 6.6

45 to 54 years 2.7 6.4 6.6

55 to 64 years 3.5 5.9 6.1

65+ years 3.8 5.2 7.4

Trends in Unemployment Rates in New York by Age Group


Unemployment Rate by Age, Hudson Valley, 2011-2012

33%

16%

11%

10%

7%

8%

0%

5%

10%

15%

20%

25%

30%

35%

40%

16-19 20-24 25-29 30-34 35-64 65+


Group 1999-2000 2007-2008 2012-2013

<12 or 12, No H.S. Diploma 11.5 16.6 16.6

H.S. Diploma/GED 5.2 9.6 10.3

Some College 4.8 9.6 9.3

Associate's Degree 3.3 6.4 6.4

Bachelor Degree 2.7 6.7 5.8

Master's or Higher Degree 1.8 3.7 3.5

Trends in Unemployment Rates in New York by Level of Educational Attainment


Unemployment Rate by Level of Education, Hudson Valley, 2011-2012

18.7%

11.2% 11.0%

8.3%

6.8%

4.4%

3.6%2.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

Less then High

School

Diploma

High School

Diploma or

Equivalent

Some College,

no degree

Associate's

degree

Bachelor's

degree

Master's

degree

Professional

degree

Doctorate

degree


Group 1999-2000 2007-2008 2012-2013

All (16+) 18.7 29.7 37.8

Male 19.4 30.0 37.4

Female 17.9 29.2 38.2

White 14.3 27.0 34.5

Black 21.5 35.8 42.9

Asian 21.9 31.2 42.1

Hispanic 25.0 28.9 38.3

Trends in the Mean Duration of Weeks of the Current Spell of Unemployment in New York


Labor Force and Population Developments inNew York and the Hudson Valley


Group 1999-2000 2009-2010 2012-2013Absolute Change

Relative Change

All (16+) 14318006 15462123 15612013 1294007 9%

Male 6729292 7382274 7434337 705045 10%

Female 7588714 8079849 8177676 588962 8%

White 9444895 9577981 9303106 -141789 -2%

Black 2027356 2231440 2177441 150085 7%

Asian 851126 1127157 1362792 511666 60%

Hispanic 1954699 2405824 2575764 621065 32%

Trends in the Size of the Working Age PopulationIn New York, by Gender and Race/Ethnicity



Relative Change

All (16+) 9041942 9713529 9612852 570910 6.3%

Male 4793633 5099299 5024760 231127 5%

Female 4248309 4614230 4588092 339783 8%

White 6032227 6129361 5846562 -185665 -3%

Black 1233938 1341371 1292713 58775 5%

Asian 543805 695541 793685 249880 46%

Hispanic 1208294 1472910 1558117 349823 29%

Trends in the Size of the Labor Force in New York, by Gender and Race/Ethnicity



Relative Change

16 to 24 years 2248646 2481598 2521769 273123 12%

25 to 34 years 2587093 2693124 2749072 161979 6%

35 to 44 years 3037867 2543696 2406641 -631226 -21%

45 to 54 years 2436147 2864432 2716139 279992 11%

55 to 64 years 1628475 2307758 2500754 872279 54%

65+ years 2379777 2571514 2717639 337862 14%

Trends in the Size of the Working Age Population in New York by Age Group



Relative Change

16 to 24 years 1285999 1262890 1203214 -82785 -6%

25 to 34 years 2096690 2170016 2200063 103373 5%

35 to 44 years 2486827 2063111 1939569 -547258 -22%

45 to 54 years 1951278 2279950 2157173 205895 11%

55 to 64 years 930293 1504903 1615572 685279 74%

65+ years 290854 432657 497263 206409 71%

Trends in the Size of the Labor Force in New York by Age Group


Group1999-2000

2009-2010

2012-2013

Absolute Change

Relative Change

<12 or 12, No H.S. Diploma 2992836 2588649 2463795 -529041 -18%

H.S. Diploma/GED 4456883 4496620 4359365 -97518 -2%

Some College 2272423 2469113 2455676 183253 8%

Associate's Degree 1011564 1283433 1366219 354655 35%

Bachelor Degree 2245613 2843067 3047607 801994 36%

Master's or Higher Degree 1338686 1781243 1919353 580667 43%

Trends in the Size of the Working Age Population in New York, by Educational Attainment


Group1999-2000

2009-2010

2012-2013

Absolute Change

Relative Change

<12 or 12, No H.S. Diploma 1173295 968576 891590 -281705 -24%

H.S. Diploma/GED 2712577 2663415 2480511 -232066 -9%

Some College 1529297 1586555 1467824 -61473 -4%

Associate's Degree 796024 954926 1004645 208621 26%

Bachelor Degree 1752260 2179716 2306272 554012 32%

Master's or Higher Degree 1078489 1360343 1462011 383522 36%

Trends in the Size of the Labor Force in New York, by Educational Attainment


Labor Force Participation Rate by Age, Hudson Valley, 2011-2012

35%

71%

83%81%

79%

21%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

16-19 20-24 25-29 30-34 35-64 65+



Relative Change

16 to 24 years 57.2 50.9 47.7 -9.5 -17%

25 to 34 years 81.0 80.6 80.0 -1.0 -1%

35 to 44 years 81.9 81.1 80.6 -1.3 -2%

45 to 54 years 80.1 79.6 79.4 -0.7 -1%

55 to 64 years 57.1 65.2 64.6 7.5 13%

65+ years 12.2 16.8 18.3 6.1 50%

Trends in the Labor Force Participation Rate in New York, by Age Group


Labor Force Participation Rate by Age, New York, 2001-2013

Group 2001 2007 2010 2013

16 to 19 years 38.0 32.4 28.4 27.1

20 to 24 years 68.2 65.0 66.2 63.1

25 to 34 years 80.0 81.7 80.5 80.4

35 to 44 years 81.9 81.8 81.3 80.8

45 to 54 year 78.4 80.0 79.4 79.3

55 to 64 years 57.2 62.4 65.2 64.8

65 and over 11.8 15.5 16.9 18.4


Labor Force Participation Rate by Age, Hudson Valley, 2011-2012

35%

71%

83%81%

79%

21%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

16-19 20-24 25-29 30-34 35-64 65+


Group1999-2000

2009-2010

2012-2013

Absolute Change

Relative Change

<12 or 12, No H.S. Diploma 39.2 37.4 36.2 -3.0 -8%

H.S. Diploma/GED 60.9 59.2 56.9 -4.0 -7%

Some College 67.3 64.3 59.8 -7.5 -11%

Associate's Degree 78.7 74.4 73.5 -5.2 -7%

Bachelor Degree 78.0 76.7 75.7 -2.4 -3%

Master's or Higher Degree 80.6 76.4 76.2 -4.4 -5%

Trends in the Labor Force Participation Rates in New Yorkby Educational Attainment


Labor Force Participation Rate by Level of Education, Hudson Valley, 2011-2012

42.1%

59.0%

66.9%

75.9% 76.1% 76.9%

80.4%

76.8%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Less then

High School

Diploma

High School

Diploma or

Equivalent

Some College,

no degree

Associate's

degree

Bachelor's

degree

Master's

degree

Professional

degree

Doctorate

degree



Relative Change

All (16+) 60.1 57.5 56.5 -3.5 -5.9%

Male 67.7 62.7 61.6 -6.1 -9.0%

Female 53.3 52.7 51.9 -1.4 -2.5%

White 61.6 59.7 58.7 -2.9 -4.7%

Black 55.4 51.4 51.4 -3.9 -7.1%

Asian 61.3 58.3 55.2 -6.2 -10.0%

Hispanic 57.1 54.4 53.6 -3.5 -6.1%

Trends in the E/P Ratios in New York, by Gender and Race/Ethnicity


Employment to Population Ratio by Race, Hudson Valley, 2011-2012

58.4%55.7%

63.5% 63.1%

54.6%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

White, non-Hispanic Black, non-Hispanic Hispanic Asian, non-Hispanic Other, non-Hispanic



RelativeChange

16 to 24 years 50.6 42.1 39.6 -11.0 -21.7%

25 to 34 years 77.1 73.1 73.5 -3.6 -4.7%

35 to 44 years 78.7 75.3 75.2 -3.4 -4.4%

45 to 54 years 77.9 74.5 74.2 -3.7 -4.8%

55 to 64 years 55.1 61.4 60.7 5.6 10.1%

65+ years 11.8 15.9 16.9 5.2 44.2%

Trends in E/P Ratio in New York by Age Group


Employment to Population Ratio by Age, Hudson Valley, 2011-2012

24%

59%

74% 73% 74%

19%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

16-19 20-24 25-29 30-34 35-64 65+


Group1999-2000

2009-2010

2012-2013

Absolute Change

RelativeChange

<12 or 12, No H.S. Diploma 34.7 31.2 30.2 -4.5 -13.0%

H.S. Diploma/GED 57.7 53.5 51.1 -6.6 -11.5%

Some College 64.1 58.1 54.2 -9.9 -15.4%

Associate's Degree 76.1 69.6 68.8 -7.3 -9.6%

Bachelor Degree 75.9 71.6 71.3 -4.6 -6.1%

Master's or Higher Degree 79.1 73.6 73.5 -5.6 -7.1%

Trends in E/P Ratio in New York, by Educational Attainment


Employment to Population Ratio by Level of Education, Hudson Valley, 2011-2012

34.2%

52.4%

59.6%

69.6% 71.0%73.5%

77.5%74.6%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Less then

High School

Diploma

High School

Diploma or

Equivalent

Some College,

no degree

Associate's

degree

Bachelor's

degree

Master's

degree

Professional

degree

Doctorate

degree


Employment to Population Ratio by Age, New York, 2001-2013

Group 2001 2007 2010 2013

16 to 19 years 32.7 26.7 21.3 21.2

20 to 24 years 62.2 58.7 57.1 54.4

25 to 34 years 76.0 77.9 73.1 74.6

35 to 44 years 78.7 79.0 75.6 76.1

45 to 54 year 75.7 77.7 74.0 74.0

55 to 64 years 55.2 60.5 61.3 61.2

65 and over 11.5 15.1 15.8 17.0


Employment to Population Ratio by Age, Hudson Valley, 2011-2012

24%

59%

74% 73% 74%

19%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

16-19 20-24 25-29 30-34 35-64 65+


Employment to Population Ratio by Race, New York, 2001-2013

Group 2001 2007 2010 2013

Total 59.1 59.7 57.2 57.0

Male 66.0 66.0 62.2 61.9

Female 53.0 54.0 52.7 52.5

White 60.1 60.6 58.4 58.5

Black 53.9 55.7 51.5 51.9

Asian - 58.1 58.4 -

Hispanic 55.2 57.5 53.6 53.9


Employment to Population Ratio by Race, Hudson Valley, 2011-2012

58.4%55.7%

63.5% 63.1%

54.6%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%



Unemployment Rate by Race, Hudson Valley, 2011-2012

8.5%

13.6%

10.1%

7.3%

16.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%



Unemployment Rate by Age, New York, 2001-2013

Group 2001 2007 2010 2013

16 to 19 years 13.9 17.6 25.1 21.9

20 to 24 years 8.9 9.6 13.8 13.9

25 to 34 years 5.0 4.7 9.3 7.2

35 to 44 years 3.8 3.5 7.0 5.8

45 to 54 year 3.4 2.9 6.7 6.7

55 to 64 years 3.5 3.0 6.0 5.6

65 and over 3.0 2.7 6.3 7.6


Unemployment Rate by Age, Hudson Valley, 2011-2012

33%

16%

11%

10%

7%

8%

0%

5%

10%

15%

20%

25%

30%

35%

40%

16-19 20-24 25-29 30-34 35-64 65+


Unemployment Rate by Race, New York, 2001-2013

Group 2001 2007 2010 2013

Total 4.9 4.6 8.5 7.6

Male 5.1 5.1 9.3 8.2

Female 4.6 4.1 7.7 7.0

White 4.3 4.0 7.6 6.6

Black 8.1 7.6 14.5 13.1

Asian - 4.1 4.9 -

Hispanic 6.6 6.5 11.8 11.0


College Labor Market Developments


Trends in the Real Annual Earnings of the Employed Aged 20-29, by Educational Attainment, U.S., 1967 to 2012


YearHigh School

DiplomaBachelor's

DegreeAbsolute

DifferenceRelative

Difference

1969 28259 33530 5271 19%

1974 27630 31518 3888 14%

1982 24778 32975 8197 33%

1986 25603 38064 12461 49%

1989 25932 39263 13331 51%

1991 23971 36023 12052 50%

2000 26662 44920 18258 68%

2003 25495 40044 14549 57%

2006 25480 42345 16865 66%

2007 25552 40558 15006 59%

2008 23852 40155 16303 68%

2009 23439 40205 16765 72%

2010 21711 39251 17541 81%

2011 22138 37883 15744 71%

2012 22200 38374 16174 73%

Trends in the Real Annual Earnings of the Employed Aged 20 to 29, U.S., Selected Years


Year<12 or 12,

No HS Diploma

High School Diploma

Some College

Bachelor's Degree

Master's or Higher Degree

All Employed

1976 1035 1382 1246 1527 1728 1318

1982 921 1359 1225 1562 1778 1292

1992 1015 1449 1301 1699 1726 1381

1998 1177 1540 1355 1739 1895 1468

2003 1122 1402 1224 1607 1694 1342

2010 853 1176 1092 1530 1666 1194

2012 884 1208 1079 1537 1669 1207

Mean Annual Hours of Work Among the Employed Aged 20-29, by Educational Attainment, U.S., Selected Years


Year<12 or 12,

No HS Diploma

High School

Diploma

Some College

Bachelor's Degree


All Employed

1976 68.7% 81.7% 85.2% 90.3% 93.4% 82.3%

1982 64.5% 82.3% 85.3% 91.4% 93.3% 82.1%

1992 66.9% 83.7% 86.8% 93.2% 91.5% 84.1%

1998 72.7% 85.7% 85.5% 91.3% 90.5% 85.0%

2003 68.6% 79.6% 80.6% 88.1% 86.5% 80.1%

2010 57.0% 71.9% 74.2% 84.8% 86.7% 74.2%

2012 58.1% 72.8% 73.4% 85.0% 85.3% 74.4%

Share of Persons Aged 20-29 Who Were Employed At Any TimeDuring a Given Year, By Educational Attainment, U.S., Selected Years


Year<12 or 12,

No HS Diploma

High School

Diploma

Some College

Bachelor's Degree


Total

1976 29964 34978 37445 43534 52324 37246

1982 27638 32663 35405 43226 50887 35507

1992 24573 30178 32383 44394 57096 33898

1998 24537 32002 35432 50724 55361 36917

2003 26999 31739 34985 49313 66959 37268

2010 24752 29192 33191 48164 60859 36957

2012 24199 29403 31306 47333 60852 36352

Trends in the Mean Annual Earnings of Full-time Year RoundEmployed Persons Aged 20-29, by Educational Attainment, U.S.,

Selected Years (2013 Dollars)


Trends in Post Secondary Fall Enrollment Rates of Spring High School Graduates (in 000s)

Year Total Graduates Enrolled in College Fall Enrollment Rate

2002 2796 1824 65.2%

2003 2677 1711 63.9%

2004 2752 1835 66.7%

2005 2675 1834 68.6%

2006 2495 1641 65.8%

2007 2955 1986 67.2%

2008 3151 2161 68.6%

2009 2937 2058 70.1%

2010 3160 2152 68.1%

2011 3081 2103 68.3%

2012 3203 2121 66.2%

2013 2977 1962 65.9%


YearEnrolled in 2-year

CollegeEnrolled in 4-year

CollegeEnrolled in College

2002 605 1220 1824

2003 574 1137 1711

2004 618 1217 1835

2005 642 1192 1834

2006 612 1029 1641

2007 711 1274 1986

2008 871 1290 2161

2009 813 1245 2058

2010 842 1309 2152

2011 794 1309 2103

2012 921 1200 2121

2013 709 1253 1962

Change 2002-2008 266 70 337

Share of change 78.9% 20.8% 100%

Change 2008-2013 -162 -37 -199

Share of change 81% 19% 100%

Trends in Post Secondary Fall Enrollment Rates of Spring High School Graduates, by Level of College (in 000s)


Year Male Female White Black Hispanic

2002 62.1% 68.4% 66.7% 58.7% 53.5%

2003 61.2% 66.5% 65.0% 58.3% 58.6%

2004 61.4% 71.6% 68.4% 61.1% 61.9%

2005 66.5% 70.4% 69.4% 56.8% 54.1%

2006 65.5% 66.0% 66.5% 55.0% 58.4%

2007 66.1% 68.3% 68.7% 55.2% 63.9%

2008 65.9% 71.5% 70.8% 54.9% 63.8%

2009 66.0% 72.4% 69.2% 68.7% 59.3%

2010 62.8% 74.0% 68.6% 61.4% 59.6%

2011 64.6% 72.3% 67.7% 67.5% 66.6%

2012 61.3% 71.3% 66.6% 58.2% 70.3%

2013 63.5% 68.4% 67.1% 59.3% 59.9%

Trends in Post Secondary Fall Enrollment Rates of Spring High School Graduates, Gender and Race/Ethnicity (in 000s)


Population2,257,161

Employed 2,079,372

73.9%

Unemployed177,789

6.3%

Out of the Labor Force 555,385

19.7

Involuntary Part-time160,193

With a Job Desire61040

Total Underutilized

399,042

The Measure of Labor Force Underutilization Among 20-24 Year Old Bachelor's Degree Holders, 2013


Calculating the Underutilization Rate

Total Number of UnderutilizedTotal Labor Force (+) Underutilized

3990422318201

=Underutilization

Rate

= .172


College Labor Market Employment Shares among Employed Recent College Graduates, 2000 to 2014 Q1

Year 20-24 25-29 Total

2000 71.8% 75.1% 74.2%

2001 70.0% 76.6% 74.5%

2002 67.5% 74.0% 72.0%

2003 68.4% 74.2% 72.4%

2004 64.4% 72.9% 70.1%

2005 64.6% 72.6% 70.0%

2006 65.5% 73.1% 70.7%

2007 66.5% 73.0% 71.0%

2008 67.7% 71.1% 70.1%

2009 64.0% 71.3% 68.9%

2010 62.9% 69.7% 67.5%

2011 62.7% 71.3% 68.7%

2012 59.0% 67.7% 65.0%

2013 61.0% 69.1% 66.5%

2014** 66.5% 68.2% 67.6%


2014 Q1

Educational Attainment Job Market Segment 20-24 25-29

Bachelor's Degree

Employed in CLM 734 982

Not Employed in CLM 452 698

High School Only All Occupations 415 572

Earnings Advantage

CLM/Non CLM 1.62 1.41

CLM to HS 1.77 1.72

Non CLM to HS 1.09 1.22

Weekly Earnings of Persons Aged 20-29 by Age and College Labor Market Status Relative to all Employed

High School Graduates Only2014 Q1


2013

Educational Attainment Job Market Segment 20-24 25-29

Bachelor's Degree

Employed in CLM 689 961

Not Employed in CLM 450 671

High School Only All Occupations 414 561

Earnings Advantage

CLM/Non CLM 1.53 1.43

CLM to HS 1.66 1.71

Non CLM to HS 1.09 1.20

Weekly Earnings of Persons Aged 20-29 by Age and College Labor Market Status Relative to all Employed

High School Graduates Only2013


Trends in the Labor Force Participation Rate, New York, 2001 – 2013

62.67 62.6862.75

62.37

61.81

61.53

60.80

61.00

61.20

61.40

61.60

61.80

62.00

62.20

62.40

62.60

62.80

63.00

2001 2003 2007 2010 2012 2013


59.61

58.66

59.88

57.00

56.56

56.83

54.00

55.00

56.00

57.00

58.00

59.00

60.00

61.00

2001 2003 2007 2010 2012 2013

Trends in the Employment to Population Ratio, New York, 2001 – 2013


4.89

6.42

4.55

8.638.48

8.00

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

2001 2003 2007 2010 2012 2013

Trends in the Unemployment Rate, New York, 2001 – 2013


Year Population Labor Force Employment Unemployment

2007 15,191,921 8911508 8504458 407,050

2010 15,383,591 9593212 8,766,752 826460

2013 15,660,713 9635791 8898993 736799

New York, 2007 - 2013

paul harrington - hv/ny job markets

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