Analysis

Behind our sunny jobs rate, storm clouds

By JOHN L. KOMINICKI // Long Island’s rosy 4.5 percent unemployment rate – the lowest since 2007 – masks a wide range of unsettling workforce trends. Earnings for private sector workers are declining, total employment participation is down and the pool of best-qualified workers – those aged 35 to 65 – will drop by more than 10 percent over the next five years as the Island continues to gray. A continuing shift in the local…

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