LI adds 16K+ jobs in past year, but March weak

The rise in health, retail and hospitality jobs guarantee that average wages will continue to fall on Long Island.

Long Island added 16,400 jobs over the year ended in March, an increase of 1.5 percent that brings total local employment to 1,120,700.

Continuing a long trend, the greatest gains were in educational and health services (+8,600), trade, transportation and utilities (+7,800) and professional and business services (+3,100).  Losses occurred in financial activities (-1,100), manufacturing (-1,000), natural resources, mining and construction (-500), other services (-400) and information (-200).

Long Island’s private sector job count rose by only 7,100 in March, versus a normal gain of about 12,000. Perhaps hurt by a late Easter, employment in wholesale and retail trade was slightly lower when gains are normal. Employment gains in professional and business services were also noticeably weak by historical standards.

Three of the nine private industry sectors added at least 1,000 jobs in March compared to a year ago with two sectors – education and health services and trade, transportation and utilities – providing most of the over-the-year growth. Financial activities and manufacturing were the only sectors to lose at least 1,000 jobs.