New York has the worst economic outlook of any state in the nation, according to the latest index of the economic competitiveness issued by the American Legislative Exchange Council (ALEC). Read More
Tag: Economy
This has been a lost decade for employment in New York State, where the total number of payroll jobs is now below the 2000 level. Read More
From the end of 2007 through 2009, more than eight million jobs were lost. The national unemployment rate rose to more than 10 percent for the first time in nearly 30 years. Read More
Employment statistics are the leading indicator of what’s happening in New York State’s economy. However, traditional government job counts don’t tell us much about the underlying dynamics of job creation. Information on openings and closings, expansions and contractions, and interstate movements by employer “establishments” in New York has not been as readily available – until now. Read More
Like a leaky faucet, New York state was drip-drip- dripping businesses and jobs to other states for all but one of the 15 years leading up to the official end of the last economic expansion in 2007. Read More
Directional drilling and hydraulic fracturing have unlocked vast new reserves of natural gas in the United States. Development of these resources is now well under way in Pennsylvania and West Virginia. Unlike their neighbors to the south, however, New York residents are not directly benefiting from natural gas development as the result of a government-imposed moratorium, itself a response to environmental concerns surrounding hydraulic fracturing. Read More
The cover of New York state's latest budget update features a photo taken from within a Central Park tunnel, looking out toward a path curving up a gentle incline through a verdant landscape. Read More
New York state’s mid-year financial plan update was due on Oct. 31, and state agency heads were scheduled to present their budget requests at hearings last week. Read More