As State President, Phillips will oversee the council’s activities within New York State and act as a liaison between the regional vice president, the council’s leadership team, and its staff.
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
ALBANY—The Hudson Valley region continues to show signs of recovery from the coronavirus pandemic. The unemployment rate for the Hudson Valley region fell from 6% in March to 5.3% in April, according to figures released by the New York State Department of Labor.
April 2021’s unemployment rate was down significantly from a year earlier during the early days of the COVID-19 pandemic and mandated shutdowns when the Hudson Valley region’s jobless rate stood at 15.7%.
The Hudson Valley region’s April 2021 unemployment rate was ranked second lowest among the 10 Labor Market Regions in New York State, trailing only the Capital Region (5.0%). Other region’s unemployment rates were: Long Island 5.4%, Southern Tier 5.4%, Finger Lakes 5.6%, Central New York 5.7%, North Country 5.8%, Mohawk Valley 6.0%, Western New York 6.2% and New York City 10.8%.
In April 2021, the lowest unemployment rate within the Hudson Valley region was recorded in Putnam County at 4.8%.
Hudson Valley Unemployment Rates
April 2021
Putnam County 4.8%
Rockland County 5.0%
Dutchess County 5.1%
Orange County 5.3%
Ulster County 5.3%
Westchester County 5.6%
Sullivan County 5.8%
The unemployment rate for the Bronx in April was the highest in the state at 15.0%. The unemployment rate in New York County (Manhattan) was 8.3% in April.
In terms of metro areas, the Dutchess-Putnam metropolitan division was tied for second lowest statewide with Albany-Schenectady-Troy at 5.0%. The Orange-Rockland-Westchester area’s unemployment rate in April tied for fifth lowest with Nassau-Suffolk at 5.4%. New York City came in last among local metros ith a 10.8% jobless rate.
Last week, the New York State Department of Labor reported the number of private sector jobs in New York State increased over the month by 28,100, or 0.4%, to 7,445,200 in April 2021. By comparison, the number of private sector jobs in the U.S. increased by 0.2% in April 2021.
New York State’s seasonally adjusted unemployment rate decreased from 8.4% to 8.2% in April 2021.
As State President, Phillips will oversee the council’s activities within New York State and act as a liaison between the regional vice president, the council’s leadership team, and its staff.
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
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