March 25, 2011. New data from the U.S. Commerce Department’s Bureau of Economic Analysis show that New York State led all states in 2010 in the growth in net earnings. This issue of “Numbers that Count” shows that New York grew fastest and second fastest in terms of net earnings and personal income respectively, well ahead of the national averages.

March 2, 2011. Despite Wall Street’s rebound, unemployment and hardship continue; at best, recovery will be very gradual. The revenue rebound does not make up for declining federal and state aid, particularly in education. Human services are being cut, while recent tax changes worsen the regressivity of the City’s tax structure. The City should begin to address several tax inequities and strengthen its revenue base. Briefing >>

January 10, 2011. This study commissioned by the Brooklyn Chamber of Commerce shows that the borough was a leader citywide in job creation despite the ongoing recession. The diversity of Brooklyn’s economy coupled with growth in healthcare, retail, food service, professional services and administrative sectors helped the borough remain stable in 2009 and gain jobs in 2010. Employment growth surpassed projections. Report >>

September 27, 2010. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>

September 20, 2010. Most New York workers remain mired in a high unemployment, unacceptably slow recovery, despite today’s announcement by the NBER that the national recession bottomed out in June 2009, 15 months ago. By the most optimistic projections, three to four years of faster job growth are required to bring the unemployment rate back down to the pre-recession. More forceful economic stimulus measures must be applied to prevent this Great Recession from turning into another Great Depression. (read more)

September 15, 2010. Economic overview and outlook for New York City – a presentation by FPI’s deputy director and chief economist, James Parrott. Presentation >>

August 30, 2010. An op ed by James Parrott, New York Times. Part of “Room for Debate” – How Healthy Is New York City’s Economy?

May 20, 2010. While Wall Street may have recovered, the average New York worker is still mired in the Great Recession. New York like most states has severe budget problems and not enough Federal aid; moreover, state and local government budget cuts will harm the local economy and slow the national recovery. In this context, the Mayor’s NYC budget proposal punishes workers and the poor but does not ask the well-off or Wall Street to share the burden. This presentation includes… (read more)

May 10, 2010. Despite the fact that job numbers are up, unemployment is down, and gross domestic product has increased for three quarters – by the measures that matter, this recession has been worse for New York workers. Wages fell more sharply in this recession than in the two previous. Joblessness has more than doubled. At this point, 400,000 jobs are needed to return NYC unemployment to pre-recession levels. Also see Severe Recession Hangs on in Much of… (read more)

March 1, 2010. Testimony presented by James Parrott before the New York City Council General Welfare Committee. Testimony >>