Recent Articles
January 28: New York State Sees Healthy Job Gains in December
The New York State Department of Labor reported a gain of 11,800 jobs statewide in December. Employment in the state increased by 122,000 in calendar year 2018, a gain of 1.3% over a year ago, moderately below the nationwide gain of 1.8%. The BLS reported that employment
December 20: Job Gains Continue in New York State in November
The New York State Department of Labor reported a gain of 6,000 jobs statewide in November. Employment in the state is up 1.2% over a year ago, moderately below the nationwide gain of 1.7%. On balance, the gains were concentrated in New York City as the BLS reported a
Immigrant Entrepreneurship in the United States
Yoshiko Oka
January 10, 2019
As startup formation declines in the United States, immigrant entrepreneurs are playing an increasingly important role in business creation and job growth. Eliminating the International Entrepreneur Rule risks further weakening entrepreneurship and slowing innovation in the U.S. labor market.
The Credit Crunch and the Great Recession
Paul Krugman
December 08, 2018
The Great Recession was driven primarily by the collapse of the housing bubble rather than financial panic alone. While the financial crisis intensified the downturn, its role in explaining the depth and persistence of the slump is often overstated.
November 27: New York Sees Strong Job Gains in October
The New York State Department of Labor reported a gain of 22,000 jobs statewide in October. Employment in the state is up 1.3% over a year ago, moderately below the nationwide gain of 1.7%. The BLS reported a gain of 18,000 jobs in New York City in October,
Argentina’s Latest Crisis
Paul Krugman
November 16, 2018
Argentina’s sharp currency depreciation and surging interest rates have exposed deep structural weaknesses in the economy. Despite an IMF bailout and aggressive fiscal and monetary reforms, high inflation, dollar-denominated debt, and external vulnerabilities continue to threaten economic stability.
Why is New York Job Growth Slowing?
Fadime Demiralp and James Orr
October 31, 2018
Job growth in New York City and New York State slowed through the third quarter of 2018, falling below the national pace after years of stronger performance. Moderating growth across several large sectors highlights shifting dynamics in the region’s labor market.
October 22: New York State Jobs Report for September 2018 Shows Continued Gains in Employment
The New York State Department of Labor reported that the state gained 6,300 jobs in September. Employment in the State is up 1.0% over a year ago, below the nationwide increase of 1.7%. The U.S. Bureau of Labor Statistics reported that New York City gained 9,000 jobs in September, and