A vibrant economy is the foundation of a thriving community. In all cases, comparisons to state statistics reflect the state excluding New York City.
Regional job growth increased in 2024, continuing to recover from pandemic losses .
The Mid-Hudson Valley region experienced a 1.8% increase in total jobs from 2023 to 2024, same as job growth in the state (excluding NYC) and slightly higher than the national job growth (1.2%). Growth rates have been higher following the the pandemic in 2020 compared to the decade prior.
All of the region’s counties except Greene experienced increases in total jobs from 2023 to 2024. Dutchess had the highest increase at 3.4%, followed by Ulster at 1.8% and Orange at 1.6%. Greene County had the only decrease in total jobs, at -0.6%.
Some of the largest employment sectors in the region added and lost a significant number of jobs between 2010 and 2024.
The largest rate increases from 2010 to 2024 were in Construction (47%) and Educational Services (41%). In contrast, the Government and the Information sectors experienced decreases of 18% and 12%, respectively. Sullivan and Orange had the largest increases in total jobs from 2010 to 2024 (both at 21%), while Greene experienced no increase in total job growth (-1%) in total jobs from 2010 to 2024.
Spending by county government, after adjusting for inflation, grew 38% from 2010 to 2024.
Per-capita spending by county governments in the Mid-Hudson Valley was $2,610 in 2024. From 2010 to 2024, Greene had the largest percentage increase in per-capita spending, at 60%, followed by Putnam at 54% and Dutchess at 43%. Orange had the lowest rate of spending increase, at 29%.
Tourism revenue increased 68% in the region since 2010.
Tourism revenue rebounded from the COVID pandemic, per-resident revenue fell in 2020, which saw a 37% decline from the prior year, likely due to COVID. Recovering from the pandemic, tourism revenue grew by 54% in 2021, another 10% in 2022, and 3% in 2023 to reach a new high. Sullivan had the highest per-person revenue from tourism in 2023, at $12,130, followed by Greene at $6,480 and Ulster at $5,670. Putnam, at $874 per person, had the lowest tourism revenue rate in the region.
| INDICATORS | TREND | STATE |
|---|---|
| Change in Total Jobs | Increasing |
| Change in Jobs by Sector | Increasing |
| Spending for County Government | Maintaining |
| Tourism Revenue | Maintaining |