Here are a few nuggets from the report:
- From July 2010 to this past July, private sector jobs grew at a rate of 1.9 percent. Compare that to the period from July ’09-July ’10, when the private sector contracted by 0.1 percent. Big shift? Absolutely.
- July is typically one of the slowest months for hiring, and we still saw a drop in the unemployment rate.
- Growth came across four of the major industry sectors (Trade/Transportation/Utilities – 1,200 jobs over the past year; Professional and Business Services – 2,000 jobs; Private Education and Health Services – 2,600 jobs; Leisure and Hospitality – 5,000 jobs). Diversity is always a good thing.
(For more on the Westchester employment picture, pick up the Aug. 29 issue of the Westchester County Business Journal or check us out online at Westfaironline.com)