Development 2021: Cayuga County’s financial temperature | Local News

Cayuga County’s labor power measured at 34,900 in December, a drop of 1,100 from the exact thirty day period in the previous 12 months. The 2020 mark was the lowest for any December on report. All-time monthly low marks have been also posted for Oct and November.

Weekly wages

The federal Bureau of Labor Statistics stories weekly wages at the county stage on a quarterly basis. For the most modern quarter available, the 3-thirty day period period of time ending in June, Cayuga County staff earned an normal of $965 per week. That was under the nationwide regular of $1,188 and the state mark of $1,520. For the next quarter of 2019, Cayuga County weekly wages averaged $886.

Job creation

Unemployment costs and labor drive figures, which are documented month to month by the condition Office of Labor, replicate the work position of performing inhabitants of Cayuga County. A different report assesses the amount of non-farm jobs filled by businesses in the county’s borders.

For the most recent month readily available, Cayuga County loaded 24,000 nonfarm jobs in December, an annual decrease of 1,400. Non-public sector job losses accounted for all but 100 of the occupation losses, with the leisure and hospitality field (-400 employment) enduring the biggest private sector drop.

Sales tax

The Cayuga County Treasurers Place of work reports profits tax revenues distributed to municipal governments, a determine that displays the toughness of the retail financial system.