Unemployment low in Putnam, figures show
Putnam County is experiencing one of the lowest rates of unemployment in all of New York State.
The New York State Labor Department reported last week Putnam's rate of unemployment for November was 6.1 percent, or the second lowest rate statewide. The scale was one-tenth of a percent lower than in October and one half of one percent lower than in November, 2010.
The numbers compare to a 7.1 percent unemployment rate in January and a reminder that in 1998, Putnam’s 2.2 percent rate of unemployment was the lowest in all of New York State.
In its monthly report, the NYS Labor Department indicated 41,560 people in Putnam, Westchester and Rockland counties were unemployed with 5,327 residents of Putnam's six towns and three villages seeking employment.
The department also reported that 53,715 residents of the county are now employed.
The November private sector job loss numbers throughout the entire nine-county Hudson Valley region total slightly more than 1 million people who have become unemployed during the past year.
John Nelson, an analyst with the New York State Department of Labor, said construction accounted for almost one in three jobs lost in the private sector: “The construction trades lost about one in six of its local jobs or about 16.5 percent during the past year.”
The Labor Department reported a 6.2 percent rate of unemployment last month in Westchester, 6.3 percent unemployment rate in Rockland and 6.9 percent rate of unemployment in Dutchess County. While Putnam boasts the lowest rate of unemployment in the Hudson Valley, Sullivan County reported the highest unemployment rate of 8.7 percent.