NY Daily News: NYC jobs market booming under Cuomo — but for rest of state, it’s a different story
NEW YORK DAILY NEWS
By Jim Heaney and Charlotte Keith
Saturday, April 1, 2017, 12:47 PM
Job creation in New York State under Gov. Cuomo is akin to a tale of two cities. There is New York City — and everyplace else.
New York City added some 600,000 jobs since Cuomo took office in 2011. That’s a 16% jump, well above the national average of 11% and better than all but five states.
Job growth is more modest elsewhere in the Empire State — and downright anemic upstate.
Between December 2010, the month before Cuomo took office, and December 2016, job growth upstate was only 2.7% — a quarter of the national average. What’s more, four of upstate’s 12 major metropolitan centers lost jobs under Cuomo’s watch.
If it were a state, upstate New York’s job growth would rank fourth worst in the nation, below, among others, Mississippi.
Furthermore, 88% of the net jobs added upstate during the Cuomo years have been in low-wage sectors, led by restaurants and bars, employment data shows.
Cuomo’s highly touted Start-Up New York initiative only created about 400 jobs. The jobs data contradicts Cuomo’s claims that upstate has rebounded under his tenure.
“Economic success is shared all across the state. It’s not just New York City that’s doing well, it’s the entire state,” the governor declared in his 2017 State of the State address in Syracuse.
Job market expected to get hotter — and harder for employers
Ron Deutsch, executive director of the Fiscal Policy Institute, which produced the job and wage analysis used by Investigative Post, offered a different take on what’s happening.
“Poor job creation, poor return on investment,” he said.