Top 1% are 288 times richer than you!

September 13, 2012. A new post on hlntv.com covers the Economic Policy Institute’s recent release of the 12th edition of  The State of Working America. Taking up the measurement of income inequality, the article also mentions a report that FPI released December 2010, Grow Together of Pull Farther Apart? An excerpt from the article: The idea of the 1% can get really complicated when you factor in various definitions of what qualifies members of that group. Data from one model from the Tax Policy Center [...]

2012-09-20T08:31:23-04:00September 14th, 2012|FPI in the News|

Health insurance coverage up in New York

September 12, 2012. One piece of good news from the Census Bureau data released today is an increase in the percentage of people with health insurance in New York State and across the country in 2011. The share of New Yorkers without health insurance dropped last year, according to preliminary state Census Bureau figures. Roughly one in eight New Yorkers did not have health insurance coverage in 2011, a decrease of three percent from 2010. A similar, though less pronounced, change was seen around the [...]

16 percent in the Empire State lived in poverty – two years running

September 12, 2012. Earlier today, the U.S. Census Bureau released its Current Population Survey (CPS) poverty estimates for 2011 for the nation and the 50 states. The release also included revised estimates for 2010. The overriding message of the poverty data released today is that the poverty rate remains much too high - demonstrating the continuing impact of the Great Recession and the tepid and tenuous economic recovery. (The poverty rate is the percentage of people living below the federal government's official poverty levels. In [...]

2020-11-13T14:27:59-05:00September 12th, 2012|Blog, Economic Trends & Policy, Labor Market & Workforce|

Employment Patterns in NYC’s Low-Income Neighborhoods

September 12, 2012. James Parrott presented an overview of income and earnings to the New York City Workforce Funders, a group that meets quarterly to share information about workforce issues and enhance the effectiveness of New York City's workforce development programs.

Christie Talks of a Comeback, but Jobs Data May Say Otherwise

September 10, 2012. New York Times columnist Michael Powell cites FPI's James Parrott in a piece about Chris Christie. Excerpt: New York City officials complain a lot of late that the city’s 10 percent unemployment rate overstates its problems. Several experts believe they have a point — the Fiscal Policy Institute issued a report last week noting that the city’s real unemployment rate is most likely closer to 9 percent than to the official 10 percent. (A 9 percent rate is still higher than that of the [...]

2012-09-20T07:52:24-04:00September 10th, 2012|FPI in the News|

Study: Colorado Immigrant Owned Businesses Generate $684 Million In Earnings

September 6, 2012. A post on the DailyMarkets.com blog. Excerpt: Colorado’s immigrant-owned businesses generate a whopping $684 million a year in revenue, according to research conducted by the American Community Survey. There are over 13,000 immigrant-owned small businesses in Colorado according to a recent study conducted by the Fiscal Policy Institute, a research organization in New York. The report, Immigrant Small Business Owners: A Significant and Growing Part of the Economy, details the number and characteristics of immigrant small business owners across the country and Colorado’s number [...]

2012-09-07T15:54:40-04:00September 6th, 2012|FPI in the News|

New York is creating jobs faster than the rest of the country, but not fast enough

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 [...]

2012-09-07T15:27:29-04:00September 5th, 2012|FPI in the News|

Union Jobs Plummet in the Private Sector

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 [...]

2012-09-20T12:42:20-04:00September 4th, 2012|FPI in the News|

Study: State slow to get jobs back, Growth held to low-paying areas

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 [...]

2012-09-03T22:51:22-04:00September 2nd, 2012|FPI in the News|

Report: New York Adds Low-Paying Jobs During ‘Tepid’ Recovery

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 [...]

2012-09-03T13:57:50-04:00September 2nd, 2012|FPI in the News|

State of Working New York 2012: Data Show a Disappointingly Weak Recovery

September 2, 2012. How are New Yorkers faring? Here's the gist of this year's annual report from FPI on the New York State economy: Unemployment in New York State has been around eight percent or higher for the past three and a half years, the longest stretch since the mid-1970s. The average duration of unemployment is currently nine months. The historic weakness of the recovery stems from the severity and nature of the Great Recession and financial collapse. Nationally, job growth has been about one [...]

New York Growth Mostly in Low Paying Jobs

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 [...]

2012-09-03T13:57:01-04:00September 2nd, 2012|FPI in the News|

Labor Day: Shines Light on NY Workers With Fewest Protections

August 31, 2012. A story reported by Mike Clifford, Public News Service - NY. As New York heads into a long weekend to celebrate the contributions made by workers, local advocates say this Labor Day should shine a spotlight on local workers who have the least protections. David Dyssegard Kallick, director of the Fiscal Policy Institute's Immigration Research Initiative, says immigrant day laborers are doing tough jobs and contributing to local economic growth, despite the fact that many work "under the table" in low-paying jobs [...]

2012-09-02T18:49:13-04:00August 31st, 2012|FPI in the News|

Experts skeptical of Ritchie’s tax-cutting figures

August 31, 2012. An article by Brian Amaral, Watertown Daily News. In fliers mailed to Jefferson County residents, state Sen. Patricia A. Ritchie, R-Heuvelton, claims to have saved taxpayers in her three-county district $36 million on their property tax bills. But experts on the right and left say that the claim — based on her support for the 2011 state law that limits property tax hikes — is unknowable at best and misleading at worst. ... Mrs. Ritchie’s office said that the claim in the [...]

2012-09-03T14:07:02-04:00August 31st, 2012|FPI in the News|

Immigrant-owned firms employ 4.7 million people

August 28, 2012. Immigrants Twice as Likely to Start Small Businesses as Native-Born, by Noel Brinkerhoff, AllGov news blog. The U.S. should be welcoming, and not demonizing, immigrants if it seeks job and economic growth, based on a new study about entrepreneurialism. ... According to a separate report by the Fiscal Policy Institute, "firms for which half or more of the owners are immigrants employed an estimated 4.7 million people, 14 percent of all people employed by small business owners" and that 18% of small [...]

2012-09-04T22:24:46-04:00August 28th, 2012|FPI in the News|
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