New York City economy

The Impact of the Economic Crisis on Nonprofits in the Bronx

March 13, 2009. A presentation by James Parrott at Navigating the Fiscal Crisis: A Forum for Non-Profits, sponsored by the Bronx Forum, a partnership of the Bronx Borough President’s Office, Hostos Community College, and Jewish Community Relations Council of NY/CAUSE-NY. Presentation >>(read more)

The Impact of the Economic Crisis on the Bronx Workforce

January 22, 2009. A presentation made by James Parrott to the Bronx Borough Board. Presentation >>(read more)

Low Wages, No Bargain: Retail Jobs in New York City

December 22, 2008. The outlook for the 2008 holiday shopping season is bleak. Despite more shoppers in the stores, looking for steep discounts, profits are down. And corporate owners aren’t the only ones getting hurt. The retail sector has long been an important part of the local economy – and is more critical than ever given the ongoing retrenchment of the financial sector. But jobs in retail too often fail to support the American dream, as shown by demographic information … (read more)

New York City Unemployment in 2009: The Emerging Crisis

December 11, 2008. While New York City lagged the national economy entering the downturn, the recession is clearly here in full force, and labor market conditions are likely to deteriorate rapidly in the months ahead. The number of unemployed New York City residents could rise by 120,000 over the next year, escalating the hardships felt by tens of thousands of New York families and straining the social safety net. Report >>(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)

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)

City Could Raise Revenues and Level Playing Field for Business

April 15, 2008. FPI examines the business tax treatment of “carried interest” earned by private equity fund and hedge fund managers, and finds that closing the carried interest loophole could raise $160-$225 million in new revenue for New York City – while leveling the playing field for New York businesses. Press release, full report.… (read more)