Watertown-Fort Drum MSA vs. New York
Comparative Trends Analysis:
Total Employment Growth and Change, 1969-2022
Introduction
Watertown-Fort Drum MSA vs. New York
Watertown-Fort Drum MSA:
2022 Jobs = 68,517
2022 Percent of State = 0.04%
New York:
2022 Jobs = 12,892,046
2022 Percent of U.S. = 6.07%
Employment numbers remain the most popular and frequently cited statistics used for tracking local area economic conditions and trends. The Bureau of Economic Analysis (BEA) employment estimates reported measure the number of full- and part-time wage and salary employees, plus the number of proprietors of unincorporated businesses. People holding more than one job are counted in the employment estimates for each job they hold. This means BEA employment estimates represent a job count, not a people count. Also, BEA employment is by place-of-work, rather than by place-of-residence. Jobs held by neighboring county residents who commute to the Watertown-Fort Drum MSA to work are included in the employment count for the Watertown-Fort Drum MSA.
Data Definition:
The BEA employment series for states and local areas comprises estimates of the number of jobs, full-time plus part-time, by place of work. Full-time and part-time jobs are counted at equal weight. Employees, sole proprietors, and active partners are included, but unpaid family workers and volunteers are not included. Proprietors employment consists of the number of sole proprietorships and the number of partners in partnerships. The description "by place of work" applies to the wage and salary portion of the series and, with relatively little error, to the entire series. The proprietors employment portion of the series, however, is more nearly by place of residence because, for nonfarm sole proprietorships, the estimates are based on IRS tax data that reflect the address from which the proprietor's individual tax return is filed, which is usually the proprietor's residence. The nonfarm partnership portion of the proprietors employment series reflects the tax-filing address of the partnership, which may be either the residence of one of the partners or the business address of the partnership. The employment estimates are designed to be consistent with the estimates of wages and salaries and proprietors' income that are part of the personal income series. The employment estimates are based on the same sets of source data as the corresponding earnings estimates and are prepared with parallel methodologies. Two forms of proprietors' income-the income of limited partnerships and the income of tax-exempt cooperatives-have no corresponding employment estimates.
Total Employment, 1969-2022
Total Employment, 1969-2022
Figure 1.
Figure 1 traces the Watertown-Fort Drum MSA's annual total employment for the period 1969-2022 to illustrate total employment patterns over time. During this 54-year period, the Watertown-Fort Drum MSA's total employment rose from 36,866 in 1969 to 68,517 in 2022, for a net gain of 31,651, or 85.85%.
Total Employment, 1969-2022
Total Employment, 1969-2022
Figure 2.
Figure 2 traces New York's annual total employment for the period 1969-2022 to illustrate total employment patterns over time. During this 54-year period, New York's total employment rose from 8,494,052 in 1969 to 12,892,046 in 2022, for a net gain of 4,397,994, or 51.78%.
Total Employment Indices (1969=100): 1969-2022
Total Employment Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows the Watertown-Fort Drum MSA's total employment growth in a broader context by offering direct comparisons across time with New York, the United States. The growth indices shown here express each region's total employment in 1969 as a base figure of 100, and the total employments in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in total employment growth between regions that may differ vastly in size.
The Watertown-Fort Drum MSA's overall total employment growth was 85.85% over 1969-2022 outpaced New York's increase of 51.78%, and fell below the United States' increase of 133.32%.
Total Employment as a Percent of the New York Total: 1969-2022
Total Employment as a Percent of the New York Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total employment growth of the Watertown-Fort Drum MSA is to trace its individual percentage contributions to New York's statewide total employment over time, as shown in Figure 4. A rising share means a region's total employment grew faster, or declined less, than New York's total employment, while a declining share shows it grew more slowly.
In 1969, the Watertown-Fort Drum MSA's total employment comprised 0.43% of New York's total employment, while in 2022 it equated to 0.53% thereby yielding a +0.10% share-shift.
   
 
Total Employment Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.10%
=
0.53%
-
0.43%
 
   
Watertown-Fort Drum MSA Total Employment:
Annual Percent Change, 1970-2022
Watertown-Fort Drum MSA Total Employment:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of the Watertown-Fort Drum MSA's total employment growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also traced on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, the Watertown-Fort Drum MSA's total employment grew at an annual rate of 1.23% over 1970-2022. The Watertown-Fort Drum MSA posted its highest growth in 1987 (14.36%) and posted its lowest growth in 2020 (-4.09%). In 2022, the Watertown-Fort Drum MSA's total employment grew by 2.26%
Watertown-Fort Drum MSA Total Employment:
Annual Percent Change and Decade Averages Over 1970-2022
Watertown-Fort Drum MSA Total Employment:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some msas have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again illustrates the annual percent change in the Watertown-Fort Drum MSA's total employment since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, the Watertown-Fort Drum MSA's annual total employment growth rate averaged 0.39%. It averaged 4.79% during the 1980s, 0.01% throughout the 1990s, 1.65% in the 2000s, -0.52% in the 2010s, 0.71% thus far this decade (2020-2022).
Total Employment Growth:
Average Annual Percent Change by Decade
Total Employment Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for the Watertown-Fort Drum MSA noted in the previous graph with the corresponding decade averages for New York and the nation. As the chart reveals, the Watertown-Fort Drum MSA's average annual total employment growth topped New York's average during the 1970s (0.39% vs. 0.11%), registered above New York's average in the 1980s (4.79% vs. 1.29%), lagged New York's average in the 1990s (0.01% vs. 0.42%), recorded above New York's average throughout the 2000s (1.65% vs. 0.79%), posted below New York's average during the 2010s (-0.52% vs. 1.50%), and exceeded New York's average over the 3 year period of the current decade, 2020-2022 (0.71% vs. 0.52%).
Finally, relative to nationwide total employment growth trends, the Watertown-Fort Drum MSA recorded underneath the nation throughout the 1970s (0.39% vs. 2.21%), recorded above the nation during the 1980s (4.79% vs. 1.88%), recorded underneath the nation during the 1990s (0.01% vs. 1.73%), surpassed the nation during the 2000s (1.65% vs. 0.74%), trailed the nation during the 2010s (-0.52% vs. 1.51%), and recorded underneath the nation over 2020-2022 (0.71% vs. 1.82%).
   
 
Total Employment Growth:
Average Annual Percent Change
 
 
 
1.23
0.39
4.79
0.01
1.65
-0.52
0.71
2.26
 
0.81
0.11
1.29
0.42
0.79
1.50
0.52
5.43
 
1.62
2.21
1.88
1.73
0.74
1.51
1.82
4.78
 
   
Job Ratios (Employment/Population): 1969-2022
Job Ratios (Employment/Population): 1969-2022
Figure 8.
The job ratios shown in Figure 8 for the Watertown-Fort Drum MSA, New York and the nation not only portray a number of important trends, they also serves as a thumbnail guide to evaluating an economy's capacity to generate enough jobs fast enough to absorb the increasing number of workers attendant to a growing population. The job ratio is the number of full-time and part-time jobs by place of work, divided by population.
Nationally, the job ratio rose from 0.45 to 0.64 between 1969 and 2022. the Watertown-Fort Drum MSA's job ratio registered 0.42 in 1969, and 0.59 in 2022. Underlying the rising job ratio over the past several decades have been the increases in the labor force participation rates, with the number and proportion of women in the labor market playing a leading role.
An assortment of other factors can contribute to regional differences in the job ratio. They include differences in the proportion of elderly and retirees who no longer work and participate in the labor force, differences in the number and proportion of part-time vs. full-time workers, differences in industry composition, and differences in age and sex distribution and degree of urbanization. Also, a disproportionate number of workers commuting to work outside a county tends to lower its local county job ratio, while a net inflow of workers commuting to work inside the county tends to augment its local county job ratio.
Avoid interpreting the job ratio as the fraction (or percent) of the local population employed. This interpretation should only apply to the "employment-population ratio" statistic compiled by the Bureau of Labor Statistics (BLS) from the Current Population Survey (CPS).
Job Ratios (Employment/Population)
as a Percent of the U.S. Average:
1969-2022
Job Ratios (Employment/Population)
as a Percent of the U.S. Average:
1969-2022
Figure 9.
To highlight trends in a local job ratio relative to nationwide trends, Figure 9 tracks the Watertown-Fort Drum MSA's, New York's job ratio as a percent of the national job ratio over 1969-2022.

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Watertown-Fort Drum MSA:
Total Employment, 1969-2022
 
1969
 
36,866
100.0
N
0.05
0.42
92.03
1970
 
36,388
98.7
-1.30
0.05
0.41
91.50
1971
 
36,058
97.8
-0.91
0.05
0.40
90.76
1972
 
36,058
97.8
0.00
0.05
0.40
88.14
1973
 
37,049
100.5
2.75
0.04
0.41
88.09
1974
 
36,947
100.2
-0.28
0.04
0.41
87.98
1975
 
36,272
98.4
-1.83
0.04
0.40
87.57
1976
 
35,746
97.0
-1.45
0.04
0.40
84.60
1977
 
36,188
98.2
1.24
0.04
0.40
84.04
1978
 
37,470
101.6
3.54
0.04
0.42
84.63
1979
 
38,283
103.8
2.17
0.04
0.43
85.22
1980
 
37,483
101.7
-2.09
0.04
0.43
84.84
1981
 
36,896
100.1
-1.57
0.04
0.42
84.12
1982
 
36,595
99.3
-0.82
0.04
0.42
85.06
1983
 
37,306
101.2
1.94
0.04
0.43
86.23
1984
 
38,570
104.6
3.39
0.04
0.44
85.67
1985
 
40,370
109.5
4.67
0.04
0.45
87.22
1986
 
43,661
118.4
8.15
0.04
0.48
91.24
1987
 
49,930
135.4
14.36
0.05
0.52
96.91
1988
 
56,273
152.6
12.70
0.05
0.54
99.28
1989
 
60,292
163.5
7.14
0.05
0.55
99.77
1990
 
59,814
162.2
-0.79
0.05
0.54
96.76
1991
 
58,880
159.7
-1.56
0.05
0.52
95.87
1992
 
58,311
158.2
-0.97
0.05
0.51
94.58
1993
 
57,273
155.4
-1.78
0.05
0.50
92.05
1994
 
58,543
158.8
2.22
0.05
0.50
91.36
1995
 
58,586
158.9
0.07
0.05
0.51
91.42
1996
 
58,639
159.1
0.09
0.05
0.51
91.27
1997
 
58,879
159.7
0.41
0.04
0.52
91.88
1998
 
59,089
160.3
0.36
0.04
0.53
91.39
1999
 
60,291
163.5
2.03
0.04
0.54
92.92
2000
 
61,119
165.8
1.37
0.04
0.55
93.29
2001
 
60,488
164.1
-1.03
0.04
0.54
93.46
2002
 
60,317
163.6
-0.28
0.04
0.54
94.57
2003
 
60,813
165.0
0.82
0.04
0.55
96.45
2004
 
62,676
170.0
3.06
0.04
0.57
98.88
2005
 
65,951
178.9
5.23
0.04
0.58
99.65
2006
 
69,034
187.3
4.67
0.05
0.61
103.06
2007
 
69,724
189.1
1.00
0.04
0.61
101.67
2008
 
71,122
192.9
2.01
0.05
0.62
104.91
2009
 
70,866
192.2
-0.36
0.05
0.62
108.85
2010
 
72,440
196.5
2.22
0.05
0.62
110.96
2011
 
72,645
197.1
0.28
0.05
0.61
108.23
2012
 
71,378
193.6
-1.74
0.05
0.58
102.52
2013
 
70,577
191.4
-1.12
0.04
0.58
101.00
2014
 
69,582
188.7
-1.41
0.04
0.57
97.98
2015
 
68,751
186.5
-1.19
0.04
0.57
96.11
2016
 
67,181
182.2
-2.28
0.04
0.57
95.14
2017
 
67,361
182.7
0.27
0.04
0.56
93.77
2018
 
67,612
183.4
0.37
0.04
0.57
93.18
2019
 
67,191
182.3
-0.62
0.04
0.57
93.57
2020
 
64,440
174.8
-4.09
0.04
0.55
94.08
2021
 
67,004
181.8
3.98
0.04
0.57
93.24
2022
 
68,517
185.9
2.26
0.04
0.59
92.16
Source: Calculations by the New York Regional Economic Analysis Project (NY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1000_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
New York:
Total Employment, 1969-2022
 
1969
 
8,494,052
100.0
N
9.33
0.47
103.72
1970
 
8,465,868
99.7
-0.33
9.27
0.46
103.45
1971
 
8,345,341
98.2
-1.42
9.11
0.45
102.62
1972
 
8,348,261
98.3
0.03
8.85
0.45
100.94
1973
 
8,465,363
99.7
1.40
8.60
0.47
99.90
1974
 
8,392,017
98.8
-0.87
8.38
0.46
98.95
1975
 
8,172,219
96.2
-2.62
8.26
0.45
98.73
1976
 
8,125,400
95.7
-0.57
8.00
0.45
96.80
1977
 
8,198,948
96.5
0.91
7.81
0.46
96.09
1978
 
8,384,019
98.7
2.26
7.64
0.47
95.80
1979
 
8,580,543
101.0
2.34
7.58
0.49
96.58
1980
 
8,602,022
101.3
0.25
7.55
0.49
97.62
1981
 
8,665,868
102.0
0.74
7.54
0.49
98.50
1982
 
8,672,716
102.1
0.08
7.60
0.49
100.05
1983
 
8,729,621
102.8
0.66
7.55
0.49
99.78
1984
 
9,002,728
106.0
3.13
7.47
0.51
99.26
1985
 
9,227,207
108.6
2.49
7.45
0.52
99.67
1986
 
9,424,256
111.0
2.14
7.47
0.53
100.53
1987
 
9,471,509
111.5
0.50
7.31
0.53
99.13
1988
 
9,684,192
114.0
2.25
7.25
0.54
98.81
1989
 
9,752,014
114.8
0.70
7.16
0.54
98.29
1990
 
9,727,348
114.5
-0.25
7.03
0.54
97.41
1991
 
9,482,658
111.6
-2.52
6.89
0.52
96.19
1992
 
9,410,147
110.8
-0.76
6.81
0.52
95.75
1993
 
9,431,043
111.0
0.22
6.70
0.51
94.76
1994
 
9,464,935
111.4
0.36
6.56
0.51
93.56
1995
 
9,511,472
112.0
0.49
6.43
0.51
92.43
1996
 
9,595,379
113.0
0.88
6.35
0.52
92.06
1997
 
9,731,824
114.6
1.42
6.30
0.52
92.03
1998
 
9,901,394
116.6
1.74
6.25
0.53
91.89
1999
 
10,164,527
119.7
2.66
6.29
0.54
92.99
2000
 
10,424,526
122.7
2.56
6.30
0.55
93.61
2001
 
10,438,676
122.9
0.14
6.31
0.55
94.18
2002
 
10,348,481
121.8
-0.86
6.27
0.54
94.21
2003
 
10,377,941
122.2
0.28
6.25
0.54
94.63
2004
 
10,513,473
123.8
1.31
6.23
0.55
95.10
2005
 
10,654,659
125.4
1.34
6.18
0.56
95.49
2006
 
10,810,338
127.3
1.46
6.15
0.57
96.00
2007
 
11,083,019
130.5
2.52
6.17
0.58
97.19
2008
 
11,197,859
131.8
1.04
6.25
0.58
98.90
2009
 
10,984,512
129.3
-1.91
6.33
0.57
100.52
2010
 
11,005,904
129.6
0.19
6.37
0.57
101.41
2011
 
11,294,271
133.0
2.62
6.41
0.58
102.04
2012
 
11,433,058
134.6
1.23
6.39
0.58
101.63
2013
 
11,619,011
136.8
1.63
6.37
0.58
101.47
2014
 
11,865,761
139.7
2.12
6.37
0.59
101.70
2015
 
12,099,197
142.4
1.97
6.36
0.60
101.84
2016
 
12,259,166
144.3
1.32
6.34
0.61
102.02
2017
 
12,391,361
145.9
1.08
6.31
0.61
102.07
2018
 
12,655,123
149.0
2.13
6.32
0.63
102.65
2019
 
12,745,758
150.1
0.72
6.32
0.63
103.23
2020
 
11,871,619
139.8
-6.86
6.08
0.59
100.22
2021
 
12,227,874
144.0
3.00
6.03
0.62
100.84
2022
 
12,892,046
151.8
5.43
6.07
0.66
102.79
Source: Calculations by the New York Regional Economic Analysis Project (NY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1000_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Employment, 1969-2022
 
1969
 
91,053,200
100.0
N
0.45
1970
 
91,277,600
100.2
0.25
0.45
1971
 
91,581,400
100.6
0.33
0.44
1972
 
94,312,200
103.6
2.98
0.45
1973
 
98,427,500
108.1
4.36
0.47
1974
 
100,111,800
109.9
1.71
0.47
1975
 
98,900,600
108.6
-1.21
0.46
1976
 
101,591,200
111.6
2.72
0.47
1977
 
105,042,200
115.4
3.40
0.48
1978
 
109,686,600
120.5
4.42
0.49
1979
 
113,147,100
124.3
3.15
0.50
1980
 
113,983,200
125.2
0.74
0.50
1981
 
114,914,000
126.2
0.82
0.50
1982
 
114,163,300
125.4
-0.65
0.49
1983
 
115,645,700
127.0
1.30
0.49
1984
 
120,528,100
132.4
4.22
0.51
1985
 
123,796,700
136.0
2.71
0.52
1986
 
126,232,300
138.6
1.97
0.53
1987
 
129,548,400
142.3
2.63
0.53
1988
 
133,563,900
146.7
3.10
0.55
1989
 
136,177,800
149.6
1.96
0.55
1990
 
138,330,900
151.9
1.58
0.55
1991
 
137,612,800
151.1
-0.52
0.54
1992
 
138,166,100
151.7
0.40
0.54
1993
 
140,774,400
154.6
1.89
0.54
1994
 
144,196,600
158.4
2.43
0.55
1995
 
147,915,800
162.4
2.58
0.56
1996
 
151,056,200
165.9
2.12
0.56
1997
 
154,541,200
169.7
2.31
0.57
1998
 
158,481,200
174.1
2.55
0.57
1999
 
161,531,300
177.4
1.92
0.58
2000
 
165,370,800
181.6
2.38
0.59
2001
 
165,522,200
181.8
0.09
0.58
2002
 
165,095,100
181.3
-0.26
0.57
2003
 
165,921,500
182.2
0.50
0.57
2004
 
168,839,700
185.4
1.76
0.58
2005
 
172,338,400
189.3
2.07
0.58
2006
 
175,868,600
193.1
2.05
0.59
2007
 
179,543,700
197.2
2.09
0.60
2008
 
179,213,900
196.8
-0.18
0.59
2009
 
173,636,700
190.7
-3.11
0.57
2010
 
172,901,700
189.9
-0.42
0.56
2011
 
176,091,700
193.4
1.84
0.56
2012
 
178,979,700
196.6
1.64
0.57
2013
 
182,328,100
200.2
1.87
0.58
2014
 
186,239,800
204.5
2.15
0.58
2015
 
190,325,800
209.0
2.19
0.59
2016
 
193,425,900
212.4
1.63
0.60
2017
 
196,394,100
215.7
1.53
0.60
2018
 
200,292,200
220.0
1.98
0.61
2019
 
201,635,200
221.4
0.67
0.61
2020
 
195,286,600
214.5
-3.15
0.59
2021
 
202,752,100
222.7
3.82
0.61
2022
 
212,442,000
233.3
4.78
0.64
Source: Calculations by the New York Regional Economic Analysis Project (NY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1000_PN
 
   
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