Title: Taking the pulse of the New York City economy
Description: Although New York City's payroll employment is rising briskly, it still falls short of its 2001 peak, raising concerns that the local economy is not generating enough jobs. However, a look at a broader set of economic indicators--alternative job measures, wage and salary earnings, and a composite index of economic activity--suggests that the economy is significantly healthier than the payroll count indicates. Indeed, a measure of employment among New York City residents shows a strong upward trend extending over the past thirty years.
Subjects: Economic conditions, September 11 Terrorist Attacks, 2001, Labor market, Unemployment, Economic history, Economics
Places: New York (N.Y.), New York (State), New York