The Glens Falls Metropolitan Statistical Area was one of four regions that lost private sector jobs in the past 12 months, according to figures released by the State Department of Labor.
Over the past 12 months, Glens Falls lost 100 non-farming jobs and 400 total private sector jobs from January 2017 to January 2018, which are not seasonally adjusted.
Looking at the January unemployment rate, the Glens Falls MSA continued its upward climb reaching 6.8 percent compared to 6.5 percent in January 2017. In December, the unemployment rate was 5.7 percent for the region.
The Department of Labor reported Elmira, Orange-Rockland-Westchester and Syracuse joining Glens Falls as regions losing jobs. The majority of job losses were seen in the manufacturing sector with 4,700 jobs lost statewide, according to the report. These jobs included durable goods, fabricated metal products and machinery.
The Albany-Schenectady-Troy region saw the highest gain in the state adding 7,400 jobs with New York adding 91,600 private sector jobs, according to the Department of Labor. Nearly half of the new jobs statewide were in health care and social assistance resulting in 43,700 new jobs.
Other positive statewide findings were found in the private sector job count reaching a new all-time high of 8,067,400, despite the state’s private sector job count falling by 4,400 in 2017. The state’s unemployment rate fell to 4.7 percent, its lowest level in a decade. 2017 also marked the eighth straight year of job growth in New York.