Long Island job levels in February

The private, non-farm sector job count on Long Island rose by 30,600 to 1.3 million in February 2017 compared to a year earlier, according to the state’s Labor Department. Leading the increases were the private educational and health services sector, which rose by 10,300, trade, transportation and utilities, which increased by 8,700 and professional and business services, which went up 7,400. Click on the trend lines below for details on the 10 sectors going back to 1990. The table below gives details for the 2017 and 2016 levels. This database was posted on March 23, 2017.

How Long Island’s 10 sectors have done in February

How the 10 sectors break down year over year

Industry            (job levels in thousands) Feb. 2017 Feb. 2016 % change
TOTAL NONFARM 1,313.5 1,282.9 2.4%
TOTAL PRIVATE 1,114.7 1,087.6 2.5%
Total Goods Producing 141.5 141.4 0.1%
   Construction, Natural Resources, Mining 70.7 70.2 0.7%
         Specialty Trade Contractors 51.1 49.2 3.9%
   Manufacturing 70.8 71.2 -0.6%
      Durable Goods 39.5 40.0 -1.3%
      Non-Durable Goods 31.3 31.2 0.3%
Total Service Providing 1,172.0 1,141.5 2.7%
Total Private Service-Providing 973.2 946.2 2.9%
   Trade, Transportation, and Utilities 276.1 267.4 3.3%
      Wholesale Trade 71.8 69.2 3.8%
         Merchant Wholesalers, Durable Goods 34.1 34.4 -0.9%
         Merchant Wholesalers, Nondurable Goods 26.3 25.9 1.5%
      Retail Trade 161.0 156.6 2.8%
         Building Material and Garden Equipment 11.8 12.1 -2.5%
         Food and Beverage Stores 36.0 35.1 2.6%
            Grocery Stores 29.9 29.6 1.0%
         Health and Personal Care Stores 13.3 12.8 3.9%
         Clothing and Clothing Accessories Stores 18.7 18.0 3.9%
         General Merchandise Stores 26.1 26.0 0.4%
            Department Stores 19.9 19.9 0.0%
      Transportation, Warehousing, and Utilities 43.3 41.6 4.1%
         Utilities 4.8 4.6 4.3%
         Transportation and Warehousing 38.5 37.0 4.1%
            Couriers and Messengers 5.1 5.3 -3.8%
   Information 19.1 19.3 -1.0%
         Broadcasting (except Internet) 1.1 1.0 10.0%
         Telecommunications 8.5 8.6 -1.2%
   Financial Activities 70.7 71.5 -1.1%
      Finance and Insurance 53.4 54.4 -1.8%
         Credit Intermediation and Related Activities 20.3 20.4 -0.5%
            Depository Credit Intermediation 11.7 11.7 0.0%
         Insurance Carriers and Related Activities 26.8 27.3 -1.8%
      Real Estate and Rental and Leasing 17.3 17.1 1.2%
         Real Estate 13.8 13.7 0.7%
   Professional and Business Services 173.5 166.1 4.5%
      Professional, Scientific, and Technical Services 82.6 80.0 3.3%
            Legal Services 18.6 18.7 -0.5%
            Accounting, Tax Prep., Bookkpng., & Payroll Svcs. 15.1 14.4 4.9%
      Management of Companies and Enterprises 16.5 16.4 0.6%
      Admin. & Supp. and Waste Manage. & Remed. Svcs. 74.4 69.7 6.7%
   Education and Health Services 266.0 255.7 4.0%
      Educational Services 41.6 42.9 -3.0%
      Health Care and Social Assistance 224.4 212.8 5.5%
         Ambulatory Health Care Services 88.0 84.8 3.8%
         Hospitals 64.6 60.2 7.3%
         Nursing and Residential Care Facilities 34.1 32.9 3.6%
         Social Assistance 37.7 34.9 8.0%
   Leisure and Hospitality 110.5 108.7 1.7%
      Arts, Entertainment, and Recreation 15.2 16.9 -10.1%
         Amusement, Gambling, and Recreation Industries 11.4 12.2 -6.6%
      Accommodation and Food Services 95.3 91.8 3.8%
         Food Services and Drinking Places 90.8 87.1 4.2%
   Other Services 57.3 57.5 -0.3%
         Personal and Laundry Services 22.5 22.3 0.9%
Government 198.8 195.3 1.8%
   Federal Government 16.7 16.5 1.2%
   State Government 25.1 24.7 1.6%
      State Government Education 13.6 13.0 4.6%
      State Government Hospitals 1.4 1.5 -6.7%
   Local Government 157.0 154.1 1.9%
      Local Government Education 105.8 103.3 2.4%
      Local Government Hospitals 2.9 2.8 3.6%

Dow closes above 20,000: What does it mean?

The Dow Jones industrial average closed above the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market. The other major U.S. stock indexes were also moving higher, led by banks and other financial companies.

The market has been marching steadily higher since bottoming out in March 2009 during the Great Recession. The rally continued after the election of Donald Trump to the presidency.

What is the Dow?

The Dow Jones industrial average is an index of 30 major publicly traded companies designed to reflect the broad U.S. economy. The Dow is populated by corporate giants like Apple, Exxon Mobil and McDonald’s.

Why is it rising?

The Dow climbs when its member stocks rise, which happens when investors expect those companies’ profits to grow. Goldman Sachs, JPMorgan Chase and other Dow components have rallied as the Trump administration moves to scale back government regulations and cut corporate taxes.

What does Dow 20,000 mean to my 401(k) or IRA?

That depends on what securities your retirement accounts hold. A rally in the Dow may not be reflected in a retirement account invested in bonds or precious metals. Accounts holding large-capitalization stocks could see a benefit.

What does it mean to me if I don’t have any stock investments?

Strength in the Dow reflects optimism about the U.S. economy at least in the short term. Those expectations can translate to hiring and economic expansion of businesses in general.

What does it mean to the LI economy?

Though no Dow components are based on Long Island, some have units here, contract with local companies or employ commuters from Nassau and Suffolk counties. And many Long Islanders work on Wall Street, whose health is signified by the strong Dow.

What do analysts say?

In and of itself, it is just a number, but what it does is it lifts market expectations, in essence, to continue moving higher.

– analyst Quincy Krosby, market strategist at Prudential Financial

Dow Jones Industrial Average over time

NYC Supermarket and grocery store violations

NYC SUPERMARKET AND GROCERY STORE VIOLATIONS

New York State has recorded violations against 902 supermarkets, delis and food stores in the past year in New York City. Twenty-four stores had at least 20 violations. Click on the borough you want to examine, or check Long Island.

Supermarket map


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Violations:
1 to 9
10 to 19
20 to 25

Long Island Supermarket and grocery store violations

LONG ISLANDSUPERMARKET & GROCERY STORE VIOLATIONS

New York State has recorded violations against 133 supermarkets, delis and food stores on Long Island over the past year. Twenty-three stores had at least 15 violations. Scroll down to view the Long Island map or click one of the links below to load New York City areas.

Long Island Supermarket & Grocery Store violation map

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One second, grabbing the map
Violations:
1 to 9
10 to 19
20 to 25

Personal bankruptcy down on Long Island and up nationally

Personal bankruptcy filings on Long Island have declined sharply this year, even as filings in the United States rose 10 percent, the first national increase since 2010.

From January through November, Long Islanders filed an average of 411 bankruptcy cases a month this year according to filings with the U.S. Bankruptcy Court for the Eastern District of New York. That rate was 14.1 percent lower than the same period last year and almost half the pace of 2010, when 817 cases per month were filed through November.

The decline in Long Island filings for the fifth straight year in a row signals that finances for people here have improved, experts said.

Long Island and regional personal bankruptcy filings

The figure is a monthly average, based on number of filings from January through November each year in federal district court.

Bankruptcy “is always the last and worst option,” said James Chessen, chief economist at American Bankers Association. “Bottom line, consumers are doing a better job managing debt.”

The unemployment rate for Long Island dropped to 4.1 percent for October, the lowest figure for that month since 2007 according to the state Labor Department.

Other Long Island indicators also point to people faring better.

Only 12 percent of the Island’s consumers were 90 or more days late on any loan in the second quarter, compared with 14.8 percent in the state, and 20 percent nationwide, according to the Federal Reserve Bank of New York.

“Long Island’s unemployment rate is relatively low. The workforce is relatively more educated,” said John A. Rizzo, chief economist with the Long Island Association, a regional business group. “This leads to a more favorable profile of the bankruptcy filing.”

Experts said the national rise in bankruptcy filings follows higher spending and higher debt taken on by consumers.

Percentage change in personal bankruptcy filings for the U.S. and Long Island

The Long Island average is through a 11-month period, whereas the U.S. average is based on yearly figure.

In the United States and on Long Island, bankruptcy filings have mostly declined since 2005, in part because Congress raised the income threshold to file for bankruptcy, and because it increased the filing cost by about 30 percent to $2,500 on average.

U.S. personal bankruptcy filings

Starting this month, federal bankruptcy application forms will change. The changes include more forms to fill out, seeking to reduce omissions, and may require more work by consumers and attorneys, increasing filing costs.

The goal is for information “to be recorded more accurately,” said Andrew Doktofsky, a Long Island bankruptcy attorney. “The forms are definitely more detail-oriented.”

Long Island economic indicators

Long Island saw 17,300 additional jobs in December 2016 compared to the same month last year. The regional Consumer Price Index, meanwhile, shows prices up 1.9 percent over December 2015.

Here are charts on those and the rest of the latest Long Island economic indicators on foreclosures, home sales, bankruptcy, travel and tourism.

Job Market

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The net gain in nonfarm jobs year over year, from the New York State Department of Labor

Inflation

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The year-over-year monthly percentage change in the regional Consumer Price Index, from the U.S. Bureau of Labor Statistics

Foreclosures

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The number of foreclosure-related filings on Long Island, from RealtyTrac

Home sales

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Year-over-year changes in the number of closed home sales on Long Island, by month, from Multiple Listing Service

Bankruptcy

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The number of filings in Nassau and Suffolk, from U.S. Bankruptcy Court, Eastern District, New York

Hotel occupancy

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The percentage of all Long Island rooms occupied, from STR Global

Occupancy rate change

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The percentage change in hotel occupancy, year-over-year, from STR Global

Air travel

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Takeoffs and landings at regional airports, from the Federal Aviation Administration

Homicides in the workplace level off in the U.S.

The number of homicides at workplaces nationwide was essentially flat last year, according to data released Thursday, Sept. 17, by the U.S. Bureau of Labor Statistics.

There were 403 workplace homicides in 2014, one fewer than the year before but down 35.8 percent from the 628 killings in 2007.

Nationwide, Asians and women were most affected by homicides at the workplace last year. About 24 percent of Asians killed at work were victims of homicide, while the average rate for all workers was 7 percent. In addition, women made up about half the homicide victims although they account for only 9 percent of all work-related fatalities.

Workplace homicides in U.S. 2007-2014

Local breakdowns of 2014 workplace homicides will be available next year. In the New York metro area, the number of workplace homicides in 2013 hit a low in the past decade with 23 deaths.

The New York metro area, defined by the BLS, covers parts of New York, New Jersey, Long Island and Pennsylvania.

Workplace homicides in N.Y. metro 2007-2013

Experts say patterns that explain changes in workplace violence from year to year are hard to define. Various factors account for the violence, and a single event with high fatalities, such as a mass-shooting, can spike the rate.

For example, from 2012 and 2013, the workplace homicide rate in the D.C.-Arlington, Va., metro area quadrupled following a mass shooting at the Washington Navy Yard that left 12 people dead. In the New York metro area, the homicide rate dropped 40 percent during the same period.

“There is some variability year to year,” Bruce Bergman, an economist with Bureau of Labor Statistics said. “But unlike a sample survey, these numbers are not estimates… Each number is an incident where someone died.”

The BLS compiles the fatal-injury report based on media accounts and death certificates, in addition to self-reported administrative records from employers.

About 17 percent of all workplace fatalities nationwide were caused by intentional violence by others or suicides in 2013, according to another report with local breakdowns. the D.C.-Arlington, Va., metro area had the highest rate of workplace violence, making up for 41 percent of all fatalities. For the New York area one in four fatalities came from workplace violence.

2013 workplace fatalities by types in metro areas

“There has been an increase in homicides that involve co-workers and associates nationwide while those involving robbers or strangers decreased,” Bergman said.

In 2011, 49 homicides nationwide were committed by current or former work associates; in 2013 there were 74: a 51 percent increase.

Notably in 2013, a disgruntled vendor shot two workers at a lighting company in East Garden City, killing one. The gunman later shot himself and drowned in the Hudson River.

Since 2010, fewer people have died at work of homicides in New York metro area. The latest reported incident took place in August 2015 when a former federal employee fatally shot a security guard and himself in a lower Manhattan.

Rate of workplace homicides to all fatalities in N.Y. metro

Historical data tracking workplace homicides nationwide from 1997 to 2010 — a separate report with more details — indicates that workplace homicides have affected women disproportionately, more commonly in sales and protective service industry such as fire department, and that victims tend to hold managerial positions.

More men died at workplaces than women, making up 92 percent of workplace fatalities in 2014 since most injury- or accident-prone industries such as transportation, construction and protective services workforce are made up of male workers.

Women, however, were the victims of workplace homicides two-and-a-half times more often than men in 2013. For women, homicides were the second-highest contributor, after roadway incidents, for fatalities at work but second to last for men. In addition, more than one-third of assailants for homicides targeting women were relatives or domestic partners; for men, one percent of all homicides were committed by family members.

Workplace homicides in N.Y. metro by sex

“The distinct nature about workplace violence is that the victims can’t really escape. They have to go to work,” said Mia Fernandez, the executive director for the National Center for Victims of Crime, a D.C.-based advocacy group.

“Workplace crime against women tends to be highly targeted and planned,” Fernandez said.

In the New York metro area, 20 percent of work fatalities involving women were homicides since 2011, whereas for men it was 16 percent.

Industries where homicides were the leading cause of workplace fatalities include sales and protective service occupations. In the New York metro area, sales-related occupations made up about one-third of homicides victims since 2011.

Top 3 industries with workplace homicides in N.Y. metro

While the breakdown of overall fatalities by race was proportionate to the size of each group — more whites died at work since they make up a greater portion of the working population — blacks and Asians were most affected by workplace homicides; nearly two out of five African-American workers killed at workplaces were victims of homicides.

Workplace homicides rate in NY metro by race 2011-2013

Long Island’s top public companies and executives

Henry Schein Inc. ranks first on a list created for Newsday by S&P Capital IQ comparing LI’s top public companies by sales. Cablevision, Systemax, Pall Corp. and MSC Industrial Direct round out the top five. Among the top-paid employees at LI’s public companies were executives at Cablevision, Hain Celestial Group and New York Community Bancorp.

Ed Betz

Getty Images/Andrew Burton