Income distribution, inequality and poverty

State of Working New York 2009: Unemployment and Economic Insecurity in the Great Recession

September 16, 2009. This edition of the State of Working New York is released as the country hobbles through the worst economic crisis – the steepest economic drop and the longest period of job loss – since the 1930s. We are in the midst of what’s been justly termed “The Great Recession.”

Over 850,000 New Yorkers are unemployed. The state’s official unemployment rate is 8.6 percent as of July 2009 – the most recent data available – and it is … (read more)

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

April 30, 2009. Testimony presented by chief economist James Parrott to the Rent Guidelines Board. Three points: this is the worst recession since the Great Depression with sharply higher unemployment; inflation-adjusted wages and incomes are falling for most New York families; and housing costs are placing an enormous burden on New York City working families.… (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)

New York has the highest poverty rate of all northern states

August 26, 2008. FPI’s look at new Census data for New York: no progress on poverty and family incomes since the 2001 recession; fewer New Yorkers are now uninsured but 2.5 million still lack health insurance. Includes figures for larger counties, cities and towns, as well as New York’s standing among the 50 states. Release with data >>(read more)

Latest IRS Data Reveal Fundamental Mismatch Between New York’s Income Distribution and Its Tax System

August 6, 2008. New data from the Internal Revenue Service bolster the case for a high-end income tax surcharge in New York. New York is one of ten states that have income distributions that particularly favor the wealthy few – while the progressivity of the state income tax has been weakened since the 1990s. With the state facing a budget deficit and political leaders seeking a way to pay for effective and immediate property tax relief, this is especially timely … (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)

Pulling Apart: Gap Between New York’s Wealthy and Poor Is Still the Widest in the Nation

April 9, 2008. New York has the dubious distinction of having the widest income gap between the rich and the poor of all 50 states, according to this report released by FPI in conjunction with a national study of income trends in the 50 states by the Center on Budget and Policy Priorities and the Economic Policy Institute. The report also shows that inequality in New York City is even more extreme than in the state as a whole. Also … (read more)

Wall Street’s Binge, Workers’ Hangover

November 6, 2007. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

State of Working New York 2007: Encouraging Recent Gains, but Troubling Long-Term Trends

September 1, 2007. Upstate regions gain jobs, led by the Buffalo metro area. Four years into an economic expansion, New Yorkers finally got a slight raise last year, according to this year’s edition of The State of Working New York. In particular, the troubled upstate economy has experienced encouraging payroll growth, with Buffalo leading the way. But overall, these modest gains stand out against a backdrop of worrisome long-term trends. For example: workers aren’t seeing wage increases commensurate with their … (read more)

Statement from Frank Mauro on the New Poverty Data Released Today by the United States Census Bureau

August 28, 2007. Worrisome trends: New York continues to have the highest poverty rate of all of the northeastern and northern industrial states. The poverty rates in New York’s major upstate cities are incredibly high. Median household income is flat. Press release with statement >>(read more)