New York State economy

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)