New York’s job growth: a tale of two states - Empire Center for ...
Dec 21, 2018 · But a new report from the Empire Center, a fiscally conservative think-tank based in Albany, attributes the low unemployment numbers in part to an exodus from upstate …
FAQs about New York’s job growth: a tale of two states - Empire Center for ... Coupon?
Is New York's economy A Tale of two states?
It’s a tale of two states — upstate and downstate. Upstate New York’s economy has added just 6.3 percent more jobs since 2010, among the worst performances in the nation, according to a study released Tuesday. ...
How did New York's unemployment affect the economy?
However, due to the slow recovery in the years following, New York’s employment growth lagged that of the nation as a whole; New York’s unemployment rate increased, resulting in workers dropping out of the labor force. ...
How many people are in the labor force in New York?
In 2021, there were over 9.4 million people in the labor force in New York, 5.8 percent of the national labor force, ranking it fourth in the nation behind California, Texas and Florida. 2 However, while these other states realized labor force growth over the past 10 years, New York lost over 96,000 workers. ...
Does New York have a higher labor force than other states?
As shown in Figure 19, New York has a higher share of its labor force that is older, aged 65 and over. On the other hand, the rest of the nation has a larger share of workers aged 16 to 24. Source: U.S. Bureau of Labor Statistics ...
What percentage of New Yorkers are underemployed?
As shown in Figure 8, the underemployed comprised 5.3 percent of the total workforce in New York in 2021, which was higher than the 4.2 percent share in the rest of the nation. Of the underemployed, almost three-quarters were involuntary part-time workers. ...
How did the Great Recession affect New York?
With the Great Recession having a lesser impact in New York than in other states, its labor force grew at a faster pace from 2007 to 2009. ...
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