By Dave Lucas
http://stream.publicbroadcasting.net/production/mp3/wamc/local-wamc-924089.mp3
Albany, NY – There's an increase in the number of new businesses filling with NYS. At the same time, job postings in the Capital Region continue to fall. Capital District Bureau Chief Dave Lucas reports.
Acting Secretary of State Ruth Colon today announced that the Department of State's Division of Corporations saw a seven percent rise in the number of newly registered business entities in August 2010 over August 2009. The number of new business that registered with the Department of State in the last year (Sept. 2009 - Aug. 2010) increased more than three percent over the number that registered the year before (Sept. 2008 - Aug. 2009).
Meanwhile, the agency's Division of Licensing Services licensed 7,577 New Yorkers last month, a nearly 26 percent increase from Aug. 2009. Included in those numbers are a 32 percent increase in the number of newly licensed real estate brokers and salespeople, a 22 percent increase in security guards and a 15 percent increase in appearance enhancement professionals (such as cosmetologists, estheticians and nail stylists) - as compared to the same period last year.
A month-over-month comparison of new entity filings for business corporations, not-for-profits, limited liability companies, limited partnerships and limited liability partnerships can be found (along with other statistics)here.
The state department of labor will release its job numbers early this afternoon. Department of Labor Commissioner Colleen Gardner will release an on-line video statement in reaction. Dan Moran - President of area career management and transition firm NextAct - will be paying close attention to those numbers. NextAct has just released its latest report on Job Postings in the Capital Region - which continued to slide lower over the past seven days, falling 12%. Moran says this comes on the heels of a significant drop the week prior. "This drop is very concerning as the downward slide appears to be continuing. We do expect some drop off around Labor Day, but the bounce back is usually quick; we haven't see it this year signaling that the job market has become much tighter for the Fall, historically a prime hiring season. Of course this is not good news for job seekers."
Moran says other parts of New York State fared better, seeing growth that would be expected this time of year. Moran is not surprised by the Department of State figures showing a higher number of new business registrations.