Lagging Economic Indicators

  • Blogs

    August 7, 2014

    The Rise and Fall of Crime in New York City: A Timeline

    This week's feature story, The Tragedy of Louis Scarcella, explores the context of the now-infamous Brooklyn detective's career. It explained how the culture of policing changed over the years in response to the city's rising crime rate. Crime, in many ways, shaped the modern history of New York Cit ... More >>

  • News

    January 8, 2014

    Education Supplement: Launch Sequence

    Gov. Cuomo's plan to give tax breaks to startups on college campuses faces high costs, uncertain outcomes

  • Blogs

    July 12, 2013

    Jobs Boom Narrative in Bronx and Brooklyn Doesn't Tell Full Story

    "Bronx is leading city in private sector job growth," read a Daily News headline today. "B'klyn tops outer-boro jobs boom," read a New York Post headline today. Both statements are accurate. Job data is malleable and, as Democrats and Republicans show when new numbers are released each month, the ... More >>

  • Blogs

    January 24, 2013

    Bloomberg Vs. City Council Over Unemployment Hire Bill

    As if the unemployed needed another political showdown in their honor after the fiscal cliff debacle. Yesterday, City Council approved a bill that would bar an employer from hiring you simply because you're unemployed (ironic, given that the unemployed are at the interview for a reason: because the ... More >>

  • Blogs

    October 7, 2012

    Rightbloggers Revel in Romney Rout, But Good Job Numbers Put Them Back in Tinfoil

    Rightbloggers had one of their best weeks of the campaign. First their candidate, Mitt Romney, bested President Obama in a debate, and then the Labor Department posted a drop in the U.S. unemployment rate. Both events convinced them of impending electoral victory, as the first proved that the Presid ... More >>

  • Blogs

    September 15, 2012

    Mayor Bloomberg to NYC: Cut $2 Billion in 18 Months

    Year Four of the Great Recession has taken its toll on budgets across the country: it's hard to not come across some sort of public service being slashed in the news almost every day. The reactionary politics of cut-and-save economics has hit New York hard since Downtown self-imploded in 2008 as Blo ... More >>

  • Blogs

    September 7, 2012

    Guess Why Unemployment Just Went Down?

    The new monthly jobs report states that unemployment went down to 8.1%, which would be cause for rejoicing in the streets, except for the reason for that decline:

  • Blogs

    July 30, 2012

    New York Republicans Continue To Whine About Barack Obama Running For President. In Related News, The Sun Came Up Today

    President Barack Obama will be in town tonight to attend a fundraising event to raise money for his ongoing presidential campaign -- because, well...he's running for president, and attending fundraisers is what people running for president do. Obama's doing what everyone who's ever run for president ... More >>

  • Blogs

    July 21, 2012

    Big Apple's Unemployment Rate Hits 10% Again

    We hate the phrase 'double-dip,' especially when it becomes an unfortunate reality.In September of 2009, as President Obama's stimulus package was beginning to leak into the economy, New York City's unemployment rate hit its peak of 10.1% and stayed there for six months. Since then, the job num ... More >>

  • Blogs

    July 9, 2012

    Barack Obama To Congress: Extend Tax Cuts for The Middle Class

    Taking aim at trickle down fiscal policies and warning legislators not to hold the American economy "hostage," President Barack Obama demanded today that Congress extend Bush-era middle class tax cuts for a year. Addressing the nation from the White House's East Room, Obama implored Congress to "do ... More >>

  • Blogs

    May 27, 2012

    Giuliani: Romney is Good, But He's No Giuliani (We Don't Understand It Either)

    Endorsements are vital parts of a campaign's method of connecting with voters who would otherwise remain skeptical of a candidate's performance. They run as supplements to the Big Picture, stumping on behalf of a message that they believe in for the most part (search: Republican candidates' speeches ... More >>

  • Blogs

    May 4, 2012

    Unemployment Is (Barely) Down

    And now for even more reasons to be skeptical about the alleged economic recovery: Unemployment is down, but a smaller share of Americans are in the labor force and many have just given up on trying to find work. The newest Bureau of Labor Statistics data came out this morning, and the April jobs n ... More >>

  • Blogs

    April 25, 2012

    Veto! Bloomberg Rejects Wage Bills, Says City Council Proposal Would Kill Jobs

    As expected, Mayor Mike Bloomberg today vetoed the City Council's wage legislation, but unlike his past public comments on the matter, he didn't go so far as to compare the bills to Communism. Still, if the legislation passes, Bloomberg will sue. The proposals in question were the prevailing an ... More >>

  • Blogs

    April 23, 2012

    Rudy Giuliani, Frenemy Extraordinaire, Backs Mitt Romney

    Remember all that nasty shit Rudy Giuliani, "America's Mayor," said about Mitt Romney? If you don't, Business Insider has a rundown of some stinging gems. For example: "This is a man without a core, this is a man without substance, this is a man that will say anything to become president of the Un ... More >>

  • News

    April 18, 2012

    Mitt Romney, American Parasite

    His years at Bain represent everything you hate about capitalism

  • Blogs

    April 6, 2012

    America Added 120,000 Jobs in March: Is This Good or Bad?

    In March, the U.S. added 120,000 more jobs, just released Bureau of Labor stats indicate. Now, this sure sounds like a lot, but compared to February -- when America's payroll swelled by 240,000 jobs -- this turns out not to be all that exuberant. But is this cause for concern or disappointment? ... More >>

  • Blogs

    March 27, 2012

    Iraq and Afghanistan War Vets Facer Higher Unemployment: Survey

    Members of the armed services who have come home face substantially higher unemployment rates than the government claims, an Iraq and Afghanistan advocacy group claims. And 37 percent of veterans surveyed say they know a fellow vet who committed suicide following deployment. The report comes from I ... More >>

  • Blogs

    March 20, 2012

    Who Has Two Thumbs and Hates More Primaries? Mitt Romney!

    First, there was Iowa and New Hampshire. Then, there was Super Tuesday. At some point, there were other Republican primaries. And tonight, the resilient candidates find themselves in Illinois -- a contest that is "make-or-break" for Mitt Romney. With 54 delegates up for grabs in the state that is ... More >>

  • Blogs

    February 3, 2012

    National Unemployment Rate Falls to Three-Year Low

    ​Finally, some genuinely good news to celebrate: the U.S. Department of Labor's monthly job market snapshot says that the national unemployment rate has fallen to 8.3 percent, the lowest it has been in three years. January saw 243,000 jobs added to the market, mostly in business services, labo ... More >>

  • Blogs

    January 27, 2012

    Scott Stringer: Let's Put Solar Panels on School Roofs

    Manhattan Borough President Scott Stringer, who is likely to run for mayor, released a report yesterday that called for the installation of solar panels on the roofs of city public schools. Releasing reports -- it's the thing to do if you want to be mayor, apparently! This one here is one of tho ... More >>

  • Blogs

    January 26, 2012

    Comptroller John Liu: City Unemployment in Double Digits For Youth and Minorities

    ​Comptroller John Liu, a possible 2013 mayoral candidate, released a report yesterday that highlighted the disparities in unemployment rates across the city. At the end of 2011, the rate of unemployment was in the double digits for young people, blacks, and Hispanics -- and the rate was nearly ... More >>

  • Blogs

    January 25, 2012

    New York Pols Respond to Obama's State of the Union

    Hooray for Obama! Just keep your promises! That seemed to be the message that tied together several electeds' obligatory response statements to the president's State of the Union on Tuesday. After his speech ended, Runnin' Scared's inbox was flooded with reactions from local pols. So we gathered a ... More >>

  • Blogs

    January 19, 2012

    Stuart Appelbaum, President of the Retail, Wholesale and Department Store Union, on the Living Wage Bill

    When Speaker Christine Quinn presented her compromised version of the Living Wage Bill last week, we immediately wondered how it would affect retail-clothing workers, #47 on the Voice's list of the 100 Most Powerless New Yorkers. We got in touch with Stuart Appelbaum, president of the Retail, Whol ... More >>

  • Blogs

    January 7, 2012

    Modest Jobs Recovery; Dolan to Become Cardinal; Deadly Hot Air Balloon Crash in New Zealand

    The American workforce added about 200,000 jobs over December, doubling November's rate of job creation. The Wall Street Journal reports, "The new jobs were scattered over a range of industries, including manufacturing, retail, and even the battered construction sector," and "the sector that added t ... More >>

  • Blogs

    December 3, 2011

    McDonald's Cashier Cleared of Assault Charges; Unemployment Down; Deadly Shooting on Q111

    ​Rayon McIntosh, the McDonald's cashier who was videotaped beating two unruly customers with a metal rod in October, was cleared of all charges after eleven days of grand jury testimony. The Daily News reports McIntosh, who had previously served almost ten years in jail for a manslaughter rap, ... More >>

  • Blogs

    October 8, 2011

    September Jobs Numbers Disappoint; Solyndra Loan Controversy; Cuomo to Pledge State Contracts

    American employers added jobs in September, but not nearly enough to spur optimism. The New York Times reports there was a net growth of 103,000 jobs last month. Interestingly, "about a third of the jobs added by the private sector last month were actually 45,000 Verizon workers who had been on str ... More >>

  • News

    October 5, 2011

    Rick Perry's Texas Fantasyland

    Rick Perry's Texas is a job-makin', low-taxin' oasis of economic growth. It's also a fantasy.

  • Blogs

    April 25, 2011

    Today in El Diario: Easter Was No Holiday for Hard-Working NYC Latinos

    ​New York's Latinos didn't get a rest on Easter While hundreds of the region's Latinos traveled to Fifth Avenue to celebrate Easter on Sunday, others attended another annual event, the Spanish-language daily reports.  That event: "Paying the rent," Estefany Cua, a 19 year-old Guatemalan, t ... More >>

  • Blogs

    December 30, 2010

    In 2011, We All May Have Jobs, Yet!

    Cover from August 2009​According to the weekly report from the Labor Department, new jobless claims have fallen to the lowest level since July 2008, declining 34,000 for the week ending on Christmas Day. Apparently "seasonal layoffs" often pick up in that week, which seems particularly shitty, ... More >>

  • Blogs

    November 19, 2010

    Michael Bloomberg to Cut 10,000 Jobs by 2012

    If you were excited about yesterday's news that New York City's unemployment rate had dipped, think again. Private businesses may have added 40,000 jobs last month, but if you're a city employee, watch out: The New York Times reports that Mayor Bloomberg's quarterly budget modification, announced ye ... More >>

  • Blogs

    November 18, 2010

    You Are 0.1 Percent More Employed Than Last Month

    ​Hey, New Yorkers: Things are looking up. The state Department of Labor has new numbers out, which the New York Times says show a dip in the city's unemployment rate. It's true! Our rate of downtrodden, jobless recession victims for October is down to 9.2 percent! Which means September (whose ... More >>

  • Voice Choices

    April 8, 2009


    Ethan Coen explores cubicle hell

  • Blogs

    March 26, 2009

    Like the Sun, New York Unemployment Rises Again

    We know you're getting tired of hearing it, but knowledge is power, they tell us, so be aware that the state Department of Labor just put out new figures and guess what, everything's worse. New York City's unemployment rose from 6.9 in January to 8.1 in February. We seem to be tracking the national ... More >>

  • Blogs

    March 6, 2009

    Unemployment Hits 8.1%, Wal-Mart Still Hiring

    The national unemployment rate went to 8.1 percent last month as 651,000 jobs were lost. The losses are attributable not only to collapsing Wall Street giants, but also to corner-cutting by "healthy" companies like IBM, who in January announced a strong 4th quarter and said that "most importantly, w ... More >>

  • Blogs

    January 15, 2009

    Liveblogging the State of the City, If We Can Stand It

    We'll give it a shot, anyway. The Mayor is going to give this annual speech today at Brooklyn College. Let's begin: 1:21 p.m. Brooklyn borough president/buffoon Marty Markowitz tells a few jokes. He has "declared Brooklyn a Republic," but collegially tells Queens beep Helen Marshall that "whatever ... More >>

  • Blogs

    January 14, 2009

    When Elephants Fight: Not-quite-liveblogging the Brodsky Yankees Hearing

    This morning in Yankeefunland: Assemblymember Richard Brodsky's surprise last-second hearing on the latest round of taxpayer-financed Yanks and Mets stadium bonds, with promised testimony (under duress) from Yankees president Randy Levine and city Economic Development Corporation chief Seth Pinsky. ... More >>

  • Blogs

    December 12, 2008

    Study: NYC Unemployment to 8.5% This Time Next Year

    The good news from a new study from the Fiscal Policy Institute of New York is that the city's employment, which had lagged the nation's for most of the post-September 11 era, began to match and even exceed U.S. levels even as the current recession hit. The bad news is, we're on our way down again. ... More >>

  • Blogs

    November 7, 2008

    At Press Conference, Obama Cites Problems, Refers Vaguely to Solutions

    In his first, brief meeting with the press, a low-key President-elect proceeded with extreme caution, responding very generally to some questions and evading others. We still don't know what kind of dog he's getting the kids. The most substantive bits were a strong stand on Iran, an indication that ... More >>

  • Blogs

    April 22, 2005

    NYC Pols Play Numbers Game

    There's more good news for Mike Bloomberg on Friday—the city's unemployment rate is down to 5.2 percent, the latest gift for a mayor enjoying a fractured Democratic opposition and an almost bottomless campaign war chest. Consider that Rudy Guiliani cruised to reelection despite a 9.9 percent un ... More >>