EMPLOYMENT TRENDS
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Why is this important?
Job gains or losses measure regional economic vitality. This chart shows annual average private non-farm employment, government and military, and total employment on Long Island during the past ten years.
How are we doing?
Long Island’s overall private sector employment grew by about 9% between 1998 and 2007. That reflects an average annual increase of .9% and an absolute increase of about 100,000 jobs. More recently, between 2006 and 2007, private sector employment fell by 2%.
Although Long Island once had major agricultural production in the region, today it is one of the smallest sectors of Long Island’s economy, comprising only 1,745 people in 2007 (0.15% of all employment), down from 2,235 in 1998.