September 24, 2009. Commissioned by the Brooklyn Chamber of Commerce, this review finds that the devastating blow dealt to New York City by the current recession has been less painful to Brooklyn. American Recovery and Reinvestment Act (ARRA) dollars are having an impact in the borough, and Brooklyn has experienced job growth in some sectors in spite of losses citywide. Read the report >>
September 22, 2009. An article by James Parrott, FPI's deputy director and chief economist, who writes regularly for Gotham Gazette's Economy section. Article >>
September 16, 2009. This edition of the State of Working New York is released as the country hobbles through the worst economic crisis - the steepest economic drop and the longest period of job loss - since the 1930s. We are in the midst of what's been justly termed "The Great Recession." Over 850,000 New Yorkers are unemployed. The state's official unemployment rate is 8.6 percent as of July 2009 - the most recent data available - and it is expected to continue rising for [...]