The Economic Situation of New York City’s Low- and Moderate-Income Households

April 30, 2009. Testimony presented by chief economist James Parrott to the Rent Guidelines Board. Three points: this is the worst recession since the Great Depression with sharply higher unemployment; inflation-adjusted wages and incomes are falling for most New York families; and housing costs are placing an enormous burden on New York City working families.

Published On: April 30th, 2009|Categories: Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Testimony|

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April 30, 2009. Testimony presented by chief economist James Parrott to the Rent Guidelines Board. Three points: this is the worst recession since the Great Depression with sharply higher unemployment; inflation-adjusted wages and incomes are falling for most New York families; and housing costs are placing an enormous burden on New York City working families.

Published On: April 30th, 2009|Categories: Economic Outlook, Economic Trends & Policy, Labor Market & Workforce, Testimony|

Share on Social Media!