Great Recession and aftermath
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)
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.
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)