A Tale of Two Recoveries a Decade Since the Recession.

The largest metro areas and those with highly educated workforces have rebounded well, but many other regions have struggled to recover job losses.

Like many smaller economies, the Binghamton, N.Y., region has seen its workforce slowly dwindle since the arrival of the Great Recession. Its large manufacturing sector was hit hard as companies lost defense contracts and a nearby IBM facility implemented multiple rounds of layoffs. Over the past decade, the region shed nearly 9 percent of its workforce — one of the largest declines of any metro area in the nation.

Elsewhere in the state, the sprawling New York City metro area and the state capital of Albany have experienced much stronger recoveries — up about 9 percent and 4.4 percent, respectively.

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GOVERNING.COM

BY MIKE MACIAG | DECEMBER 5, 2017



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