110-state-preview-258x196-150x150-2361581State Comptroller Thomas DiNapoli has just issued a report confirming what employment statistics have been showing: upstate New York’s economy has lagged behind the nation and downstate regions for years now.

Although the trend predates the 2007-09 recession, upstate’s relative performance has not improved since Governor Cuomo took office in 2011, as shown by the chart from DiNapoli’s report, below. In fact, the report says, “as of June 2016, upstate had regained 79 percent of the total 128,000 jobs lost during and after the recession.” In other words, seven years after the recession ended, upstate still hasn’t emerged from the recovery stage.

While the numbers in the comptroller’s report aren’t new—echoing, among other things, a recent overview by economists at the Federal Reserve Bank of New York— they underscore the continuing gap between the economic reality of upstate and the rhetoric of Governor Cuomo, who rarely misses a chance to assert that his economic development policies are working.

When the comptroller recently issued audits finding fault with the implementation of two of Cuomo’s state tax incentive programs, the governor counterattacked, saying the programs were working and adding that DiNapoli “should educate himself.”  But he probably didn’t have this kind of “education” in mind.

screen-shot-2016-08-26-at-10-32-23-am-1024x674-5714733

Tags:

About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

Read more by E.J. McMahon

You may also like

NY Post-Pandemic Employment Tide Stopped Rising At Year’s End

New York's post-pandemic employment recovery came to a halt and moved into reverse in December, according to the state's for the final month of COVID-wracked 2020. Private payroll employment in December was 966,000 jobs below the level of the previous Read More

State Tax Receipts Strong Again in November, But Jobs Recovery Remains Slow

New York State's tax receipts in November were a whopping $800 million above Governor Cuomo's projections for the month—further evidence that the current-year budget gap is probably much smaller than Cuomo has been claiming. Meanwhile, however, priva Read More

New York’s Jobs Recovery Chugged to a Near-Halt in October

After rising sharply once the economy began to reopen, private payroll growth in New York ominously ran out of steam in October, according to the state's monthly jobs report. Read More

Fewer Workers, Not More Jobs, Explains NY’s September Unemployment Rate Drop

New York State's unemployment rate has fallen sharply since the economically devastating pandemic lockdown last spring. But as state Comptroller Thomas DiNapoli points out in  his latest economic report, the jobless rate doesn't tell the whole story. Read More

New York’s Private Jobs Rebound Still Trails Most of U.S.

In the seventh month of the coronavirus pandemic, private-sector employment in New York was still recovering more slowly than in other states from the after-effects of the broad spring shutdowns of normal business and social life, according to federal Bureau of Labor Statistics data. Read More

Mixed September for NY: Job Recovery Sluggish, Tax Receipts Up

Continuing a trend from mid-summer, New York's private jobs recovery slowed a little more in September—but state tax receipts came in a bit stronger than expected, according to two monthly reports released by the state late today. Read More

It’s Official: New York State’s Second Quarter Economic Crash Was the Worst on Record

Further evidence of the massive damage done to New York’s economy by the coronavirus pandemic shutdown has emerged in the latest gross domestic product (GDP) data from the federal Commerce Department's Bureau of Economic Affairs. Read More

Sluggish Reopening: NY’s Private Job Count Down 1.1 Million From Pre-Pandemic Level

Six months into the novel coronavirus pandemic, New York State's private-sector employment recovery was the slowest in the 48 contiguous states—and getting slower. Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100
Fax: 518-434-3130
E-Mail: info@empirecenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.