New York City economy

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.… (read more)

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,
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The Consolidated Edison Lockout: FPI Testimony

July 25, 2012. Testimony presented to the New York Assembly Standing Committees on Labor, Energy and Corporations, Authorities and Commissions. In sum: Con Ed’s lockout of its skilled workforce is unnecessarily putting the people of New York City and Westchester County at risk of serious electric, gas and steam outages. Con Ed’s actions jeopardize the incomes of thousands of hourly-paid workers and the business activity and viability of small businesses throughout the regional economy. Given the slow recovery from the … (read more)

Helping the Helpers Will Help Us All: The Economic Situation of New York City’s Health Care and Social Assistance Sector

May 7, 2012. A new report from FPI looks at the importance of jobs in the nonprofit health care and social assistance sector in New York City, and examines how the hardships facing the city’s low-income population – the main constituency served by the nonprofit human services sector – have grown in the wake of the Great Recession of 2008-2009 and the weak recovery over the past three years.

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The Governor’s Proposed Budget: Continued Scarce Funding for Women, Families and Youth in a Weak Recovery

March 21, 2012. With a weak recovery, unemployment remains high and hardships have mounted for many New York City women, families and youth. Prepared for the New York Women’s Foundation, this brief finds that three years of state budget cuts have frayed the safety net during a time of growing need, making it harder for low-income women to access income and job supports as well as vital supportive services, and to secure jobs with a future. The governor’s proposed … (read more)

Briefing on Mayor Bloomberg’s Preliminary FY 2013 New York City Budget

March 6, 2012. Unemployment remains very high in this historically weak “recovery” in NYC, as across the country, and considerable hardships persist. In addition, NYS budget choices and pressures continue to squeeze NYC. The Mayor’s budget can only be described as austere: although needs have grown in the wake of the recession, NYC spending on human services funding has fallen by 10 percent. Income concentration has resumed, underscoring the need for progressive tax reform. NYC’s business tax expenditures have risen … (read more)

Immigrants Make up Half of All Small Business Owners in NYC

October 3, 2011. New numbers from FPI’s Immigration Research Institute show that immigrants make up almost half of all small business owners in New York City. And, immigrants in the labor force are somewhat more likely than U.S.-born workers to own small businesses. Immigrant small business owners are an extremely diverse group, with no single country of origin dominating; in fact, the top ten groups together still make up just 45 percent of the total number of immigrant small business … (read more)

Brooklyn Labor Market Review – Fall 2011

September 26, 2011. Prepared by FPI for the Brooklyn Chamber of Commerce, the latest issue of the BLMR finds that Brooklyn led all boroughs in job creation and in new firm creation over the last decade. During this period, Brooklyn added 50,000 jobs while the while New York City as a whole lost 16,000. The borough added not only hundreds of restaurants and retail shops but also health care, business and professional service companies.… (read more)

Can Obama’s Plan Erase New York’s Jobs Deficit?

September 14, 2011. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

Scant recovery for workers in NYC: Young workers see gains, but unemployment worsens for older workers

July 20, 2011. This report, the latest on “The State of Working NYC,” finds several crosscurrents in the first year after the job market bottomed out in NYC. Young workers (ages 16-21 and 22-27) gained in the recovery, contrary to the national trend of decreasing employment rates for these age groups. Unfortunately, older workers too bucked the trend: nationally they made small gains, but in NYC they fared worst of all age groups. While NYC’s job growth outpaced the nation’s … (read more)