New York State economy

Revitalizing the Cities of Upstate New York

October 29, 2003. Testimony presented by Lava Thimmayya to the Assembly Standing Committee on Cities, Public Hearing on The Tools Necessary to Revitalize the Cities of New York.… (read more)

State of Working New York 2003: Unbalanced Regional Economies through Expansion and Recession

September 18, 2003. Recovery may be finally beginning, but will be hard and slow. As of the fall of 2003, New York workers still face an economy weakened by the combined effects of a national recession, the bursting of the Wall Street and dot-com bubbles, and the economic devastation wrought by the September 11, 2001, attack on the World Trade Center. These factors have combined to make the rate of job loss over the last two-and-a-half years much greater in … (read more)

Testimony at the Legislature’s Joint Budget Hearing on Taxes and Economic Development

February 26, 2003. Presented by FPI’s Frank Mauro. Testimony >>(read more)

State of Working New York 2002: A Weakened Economy

September 1, 2002:  This report provides the latest data on how New York state’s workers and their families are faring during the current recession. It also examines the progress made during the period of economic expansion that New York enjoyed before the current recession hit our state at the beginning of 2001, compares New York’s situation with other states and with the nation as a whole; and, examines variations within New York State.

This Labor Day, New York’s workers face … (read more)

State of Working New York 2001: Working Harder, Growing Apart

September 2, 2001. The decade of boom was a bust for most New York workers and their families. Although the state’s economy grew, average New York families’ living standards are lower than in 1989, despite working more hours to make ends meet. Press release below.

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State of Working New York 2000: Still Waiting for Prosperity

September 2, 2000. FPI’s Labor Day 2000 report: New York’s working families are still waiting for prosperity. Wage and income gains lag for most New Yorkers.

“While workers in most of the nation are experiencing strong wage and income growth, the situation facing New York’s working men and women is improving at a snail’s pace,” said Frank Mauro, executive director of the Fiscal Policy Institute.  Mauro’s comments were … (read more)

State of Working New York 1999: The Illusion of Prosperity

September 1, 1999. Prosperity bypasses most New Yorkers. Wages fall, the upstate economy falters, and the ranks of the working poor rise over the 1990s. Press release below.

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Testimony before the Assembly Standing Committee on Economic Development, Job Creation, Commerce and Industry and Assembly Committee on Small Business

May 27, 1999. The Upstate Economy: Testimony delivered by Trudi Renwick, Economist, Fiscal Policy Institute, Utica, New York.

Thank you for the opportunity to testify on the economic development challenges facing Upstate New York. I would like to review the economic situation in the State and then talk about three issues that affect the Upstate Economy: STAR, the difficulty of the welfare-to-work transition for people with no paid work experience even in areas with tight labor markets, and the ability … (read more)

Testimony before the Assembly Standing Committee on Economic Development, Job Creation, Commerce and Industry and Assembly Committee on Small Business

May 11, 1999. The Upstate Economy: Testimony delivered by James Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, Albany, New York.

Thank you for the opportunity to testify on the economic development challenges facing Upstate New York. The lagging performance of the upstate economies is a serious issue. Weak job growth for an extended period in the 1990s has restrained income growth and the resulting lack of job opportunities has, unfortunately but not unexpectedly, led many people to give … (read more)