Tag: Economy

New York’s monthly employment data continue to show a striking regional divergence in job-creation trends. According to today’s Labor Department report, as of November, year-to-year statewide private sector employment growth in New York slightly trailed the national average — with the economic weakness concentrated in upstate New York. Read More

Stop us if you’ve heard this one: “We know our economy is stronger when we reward an honest day’s work with honest wages. But today, a full-time worker making the minimum wage earns $14,500 a year … [A] family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong.” Read More

Wall Street, the goose that laid golden eggs for New York’s public sector for more than 25 years before the Great Recession, is “still working through the fallout from the financial crisis,” as Comptroller Thomas DiNapoli reported earlier this week... Read More

Governor Andrew Cuomo floated quite a few dubious ideas in his State of the State address yesterday, a couple of which are the subject of my Newsday column today—but the most dubious proposal of all came from Assembly Speaker Sheldon Silver in his own brief remarks before the governor spoke. Read More

Employment and wage growth between March 2011 and March 2012 was below the national average in most of New York’s largest counties, according to the quarterly census of employment and wages released today by the Bureau of Labor Statistics... Read More