Recent Articles
Covid-19 in New York City: The Pandemic Unequally Impacts New Yorkers in Health and Employment
Fotis Siokis
January 7, 2022
In early March 2020, the Covid-19 virus spread quickly across the United States and virulently disrupted every facet of the society. A public health crisis immediately developed into an economic crisis, as severe government restrictions were put in place to mitigate
New York’s Ongoing Employment Recovery from the Pandemic
The State of the Recovery in Public Sector Jobs, Part One
Joseph van der Naald
August 25, 2021
A great deal of attention has been paid recently to increasing job counts and declining unemployment claims. The Department of Labor’s August 6 news release indicated that July witnessed the single largest one-month period of employment growth (943,000 new jobs) since
The Beginning of a new chapter as Inflation and economic growth take center stage: The Fed and the two faces of Janus
Fotis Siokis
July 30, 2021
As we move away from the virulent pandemic, economic growth is gaining pace, while inflation is threatening to run rampant. With employment still 7.3 million jobs below its pre-pandemic level, how will the Fed respond? Nowadays no question is more vigorously debated than the inflation issue and
New York’s Recovery from COVID-19: Gaining Ground but a Ways to Go
By Fadime Demiralp and James Orr
May 17, 2021
Recent employment data for New York show the job recovery from the impacts of the COVID-19 pandemic and the efforts to contain is continuing but still has ways to go. Support for the recovery has come from
A Primer on Covid-19 and its Impact on the Supply Chains in China
By Zhio Xi
April 30, 2021
The issue of supply chains has been one of the most discussed economic topics in China recently. Since joining the WTO in 2001, China’s integration into the global economy has been accompanied by the reshaping of the global supply chains. Many foreign companies have transferred part
A Look at the New York State Budget
James Orr and Merih Uctum February 10, 2021
Governor Cuomo recently announced the NY State budget for this year, the FY 2022 Executive Budget Financial Plan. Is New York in a deep budget hole? Will a new Federal spending bill help? In this post we dissect the executive budget and examine how economic developments affect budget projections and the bottom line for the current budget plan.
New York’s Employment Gains Slow in November
The number of jobs in New York State continued to increase in November though at a slower pace than in October, even taking into account the phasing out of the 2020 census jobs. The New York State Department of Labor reported that employment statewide increased by 29,500 (seasonally adjusted) in