State Economic Update: Economy Recovers While Inequality Rises
By Emily Eisner, PhD, Economist January 11, 2024 View Full Economic Update Overview New York State is home to one of the largest, most thriving economies in the world; as of 2022, New York’s gross domestic product was over $2 trillion, rivaling the entire economy of Canada and larger than the economies of Australia and South Korea. Despite New York’s aggregate economic strength, New York faces real economic challenges, including a decrease in total employment, climbing poverty rates, and [...]