County economy dips slightly in May

The Tompkins County economy fell slightly in May after a record high in the month of April.

Ithaca College Economist Elia Kacapyr’s index shows employment took a significant hit, but he says he isn’t too worried about the figures going forward.

Tompkins County lost 1,200 jobs in May, but there are 600 more jobs than in May of last year.

Home sales dipped nearly 21% in May, which accounts for the drop in economic activity, but Kacapyr says that’s because there is less inventory on the market.

He says median sales prices jumped nearly $50,000 compared to the same period last year.

Kacapyr predicts steady growth for the economy as the summer progresses.

More Local Headlines

in Local

Ithaca focusing on West Village, West Hill crimes


After increase in violent crimes on West Hill of Ithaca, city's mayor, police department hosted meeting Thursday with residents to talk solutions

in Local

New York gets federal grant for highway safety


The state will receive $32 million to help fund over 500 projects to improve safety on roads and highways.

in Local

Lansing leaders draft new emergency plan


The Lansing Star Online reports the new plan comes after a 2014 storm took out power and rendered emergency equipment useless.

in Local

Police: Ohio man threatened girls in New York, 4 other states


Police say Ohio man threatened teen girls via Skype, other online media, if they didn't do what he demanded

in Local

EMC member calls for new approach to Ithaca Falls cleanup

ithaca falls

Brian Eden says repeated cleanup efforts by the EPA and the City of Ithaca at Ithaca Falls aren't getting the job done.