Great Recession and aftermath

After the Meltdown: New York’s Future

November 19, 2008. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

The End of Wall Street as We Know It

September 22, 2008. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

Brooklyn Labor Market Review – Fall 2008

September 12, 2008. Commissioned by the Brooklyn Chamber of Commerce, this review finds that Brooklyn will experience a weaker labor market, and slower wage and income growth in 2008 and through the first half of 2009. However – attesting to the diversity and resiliency of Brooklyn’s economic base – the borough’s job decline will be far less than New York City’s, just as in the previous slowdown of 2001-2003. Read the report >>(read more)

State of Working New York 2008: New York’s Rising Unemployment – The Other Crisis in Albany

August 28, 2008. Job losses rise, straining state unemployment insurance. Unemployment is up by 56,000 in the first half of 2008; in 25 counties, the increase is over 20 percent. New York’s projected budget gaps have received considerable attention in Albany; the state’s growing unemployment is the other crisis to which Albany must also turn its attention.

FPI’s State of Working New York series, published biennially since 1999, provides comprehensive and up-to-date analysis of the data … (read more)

The City Economy: Facing the Nation’s Woes

July 21, 2008. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

The Economic Situation of New York City’s Low- and Moderate-Income Households

May 2, 2008. Testimony presented by chief economist James Parrott to the Rent Guidelines Board: a picture of a shallow recovery, high housing cost burdens and a shrinking middle class – plus a local economy in recession.… (read more)

How Will the Economic Downturn Affect New York City’s Nonprofit Sector?

May 1, 2008. As public funds and private donations come under strain, and uncertainty clouds the horizon, New York’s nonprofits can respond not only by cutting costs, but also by presenting cogent facts about the impact of recession on society. Presented by chief economist James Parrott at 2008 Nonprofit Day: Proactive Responses to the Economic Downturn, for Manhattan, Bronx & Westchester. Sponsored by the Nonprofit Connection and Citi Foundation. Brochure. Presentation for Manhattan, Bronx & Westchester. Additional presentations … (read more)

Ten Reasons We Don’t Have the Economy We Thought We Had

March 19, 2008. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

Stimulating the Economy

January 29, 2008. An article by James Parrott, FPI’s deputy director and chief economist, who writes monthly for Gotham Gazette’s Economy section. Article >>(read more)