Building the Future of New York State Transit Manufacturing: A Leadership Discussion

September 27, 2011, Manhattan. Sponsored by the national Blue Green Alliance, major transportation unions, the Fiscal Policy Institute and good jobs and transportation equity organizations. With the American political dialogue increasingly focused on jobs, this conference was organized to plan concrete steps to revitalizing the State’s transit manufacturing industry. FPI’s James Parrott moderated an afternoon panel, “Financing the Future,” and co-authored the white paper, Building New York’s Future: Creating Jobs and Business Opportunities Through Mass Transit Investments, that was released at the conference. More about the conference >>

Building New York’s Future: Creating Jobs and Business Opportunities Through Mass Transit Investments

September 27, 2011. This white paper finds that as New York comes out of the most severe economic downturn since the Great Depression, the state can and should pursue a mass transit-related manufacturing strategy, positioning itself as a leader in sustainable transportation while creating good, middle class jobs for New Yorkers. Working toward broad political commitment and securing adequate funding for New York’s transit authorities’ capital and operating budgets, and for national mass transit infrastructure, are necessary complements.

Immigrants and the Economy

September 26, 2011, Pleasantville. A conference sponsored by Neighbors Link Network. FPI’s David Dyssegaard Kallick was invited to make a presentation to network board members and board members and key staff of two Neighbors Link affiliates (Mount Kisco and Stamford, CT) as well as volunteers and community leaders. The presentation provided an overview of national and local data and trends; issues addressed included the economic contribution of immigrants to the New York City suburbs, potential wage impacts on U.S.-born workers, and taxes paid by and services provided to documented and undocumented immigrants. Presentation: The Economic Role of Immigrants in the U.S. Economy.

Brooklyn Labor Market Review – Fall 2011

September 26, 2011. Prepared by FPI for the Brooklyn Chamber of Commerce, the latest issue of the BLMR finds that Brooklyn led all boroughs in job creation and in new firm creation over the last decade. During this period, Brooklyn added 50,000 jobs while the while New York City as a whole lost 16,000. The borough added not only hundreds of restaurants and retail shops but also health care, business and professional service companies.

NYC Labor Market Challenges Facing Older Workers

September 22, 2011. FPI’s James A. Parrott delivered testimony before the New York City Council Committee on Aging detailing the following points: Unemployment for older workers has continued to increase during the past year and a half, despite the recovery. And many older workers who are still employed have seen their hours, and their weekly pay, reduced. For New York City workers ages 55-64, both unemployment and under-employment are sharply higher now than before the recession began, and higher than at the “trough” of the recession: unemployment rose from 6.0 percent at the end of 2009 to 6.4 percent for the first half of 2011, underemployment rose from 10.3 percent to 12.5 percent, and the employment rate declined from 60.1 to 58.7 percent. For workers 65 and over, unemployment rose from a very low 2.8 percent to 4.1 percent, and the employment rate fell by a percentage point.

Budget Busters

September 18, 2011. A letter by James Parrott, New York Post.

Can Obama’s Plan Erase New York’s Jobs Deficit?

September 14, 2011. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>

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