Recent Articles
December 08: Total Non-Farm Payroll Employment Increased by 228,000 in November
Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
December 01: the New York State Department of Labor Reported a Loss of 14,000 Jobs Statewide in October
The New York State Department of Labor reported a loss of 14,000 jobs statewide in October, following revised job losses of 15,000 in September. Total employment is up 1.1% in the state over a year ago compared to 1.4% for the nation.
Why Does It Still Not Feel Like Recovery? A Look at Industry Performance
The Economic Studies Group
November 30, 2017
The recovery of activity following the Great Recession got off to a slow start compared to previous cycles. The recession was characterized by deep declines in output (GDP) and the largest increases in the unemployment rate since the 1930s, and it wasn’t until six years into the recovery that the level of aggregate real GDP returned to its potential. In this post, we look at the growth of output in individual industries since the recovery began.
Greek Debt in Historical Perspective: An Opinion Article
Anthony Rodolakis
November 22, 2017
Current fiscal proposals are projected to lead to a sizeable increase in U.S. debt and while people point to the Greek crisis to warn about high debt, a closer look at Greece’s debt history reveals few similarities.
November 02: President Trump Nominates Federal Reserve Board Governor Powell to Succeed Yellen as Fed Chair
On November 02, 2017, President Trump nominated Powell to serve as the Chair of the Federal Reserve. In a statement released by Powell, he thanked President Trump for this extraordinary opportunity to serve the American people.
The Future of Health Care in America: A Panel Discussion at the Graduate Center
Merih Uctum
October 31, 2017
On October 2, 2017, the Graduate Center hosted a debate on healthcare policy with distinguished panelists: Jonathan Gruber, MIT, one of the main advisors on Obamacare, and the previous health reform known as Romneycare in Massachusetts; Dana Singiser, the Vice President for Public Policy and Government Affairs at the Planned Parenthood Federation of America; Avik Roy, the co-founder and President of the think tank the Foundation for Research on Equal Opportunity; and the Nobel Prize-winning economist, Paul Krugman, Distinguished Professor of Economics at the Graduate Center.
October 27: U.S. GDP Growth at Above-Forecast 3% in Q3
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.
Is the New York Economy Slowing Down?
James Orr
October 26, 2017
Recently-released employment figures show the number of jobs in New York State and New York City declined sharply in September: The state lost about 34,000 jobs and about two-thirds of the decline occurred in the city, suggesting a possible slowing of the robust employment picture seen downstate. This post examines these recent job numbers and to what extent there is a suggestion of a cooling off of job growth. It then looks at several services sectors that have been key drivers of job growth over the past year.