NY's leading export

Since 2000, New York has lost nearly 2 million residents to other states. This net domestic migration outflow, which dates back to the 1960s, is a major reason why the Empire State is about to fall from third to fourth place in national population rankings, behind California, Texas and Florida. The Empire Center closely tracks demographic trends, on both a statewide and regional basis, as the ultimate indicator of the state's attractiveness as a place to live, work and raise a family.

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Tale of 2 states, cont’d.

The New York City region, including Long Island the Hudson Valley, accounted for 93 percent of the net new private-sector jobs created in New York State during the 12 month period ending in August.

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To hedge or not to hedge?

Even as Calpers pulls its money out of hedge funds, the New York State and Local Retirement System is poised to invest more money in higher-cost, less transparent alternative assets.


Wage law pushes up local infrastructure costs

New York's prevailing wage law is one of the factors driving up the cost of local road and bridge improvements, a new report from the state comptroller acknowledges.