Misleading NYS GDP Data for 2009: Federal release distorts picture of NYS’s economy

November 18, 2010. The Bureau of Economic Analysis today released advance estimates that dramatically overstate New York State’s actual economic decline for 2009 – making New York the third worst-off state – because the BEA figures are based on very partial data and exclude any information on corporate profits. A much better indicator of New York’s relative economic performance in 2009 is provided by BEA’s own data on total employment by state, which put New York tenth best of the 50 states. Release with data >>

The Changing Profile of Long Island’s Economy: How U.S.-born workers have fared as immigration has grown

November 17, 2010. This report shows the big overall immigrant contribution to Long Island’s economy, stressing the diversity of immigrant jobs, but also looking at whether immigrants are displacing U.S.-born workers or lowering wages. For nearly all Long Island residents the answer is no. However, there is reason for concern about African American men with a high school diploma or less. They seem to be losing ground (higher unemployment rates) as immigrant share of the labor force increases. This issue deserves attention despite the fact that unemployment rates on Long Island were too high even before much immigration.