Monthly Archives: September 2012

September 5, 2012. New positions haven't brought down the unemployment rate and pay less than the old ones. Low-wage jobs, such as those in fast-food restaurants, have grown in the city even as middle- and upper-income positions have vanished. An editorial from the Daily News. New York City gained jobs at a faster rate than the nation as a whole since the end of the Great Recession and has more salary-paying positions today than it did back then. That's the good news. The bad news [...]

September 4, 2012. Patrick McGeehan mentioned this year's edition of  The State of Working New York in a New York Times story. The study coincided with a report from the Fiscal Policy Institute that found that most of the jobs that have been created in the city during the economic recovery have been in industries that tend to pay low wages, including restaurants, retail and home health care. James Parrott, chief economist for the institute, which is supported by labor unions, noted that the deep [...]

September 2, 2012. An article by Sara Foss, Schenectady Daily Gazette. A new report paints a dismal portrait of the economic recovery, noting that unemployment has been high for years and the state's modest job growth is concentrated among low-wage industries. Despite this, New York has actually fared better than other states, according to the Latham-based Fiscal Policy Institute's annual "State of Working New York" report, released today. James Parrott, the institute's deputy director and chief economist, said that over the past four years, only [...]

September 2, 2012. A story reported by Daniel P. Tucker for WNYC. Workers in restaurants, education and home health care making less than $45,000 a year are the face of New York State's "disappointingly weak" economic recovery, according to a new report from the non-partisan Fiscal Policy Institute. The state now has 21,000 more jobs than it had before the recession, but the math tells a story of declining wealth. New York lost 144,000 middle-class jobs that paid between $45,000 and $75,000 a year, as [...]

September 2, 2012. An article by Zachary Stieber, The Epoch Times. Job growth in the state over the past four years has been almost entirely in low-wage jobs, according to a report by the nonpartisan Fiscal Policy Institute (FPI). A net gain of 21,000 jobs since July 2008 is only because a net gain of 194,000 jobs in low-wage industries offset net losses in middle-wage jobs (144,000 lost) and high-wage jobs (29,000 lost). Low-wage is interpreted as an annual salary of below $45,000, middle-wage as [...]