News

Issues and events that shape Long Island's economic and legislative landscape.

Wednesday, July 23, 2014

Statement from LIA Chief Economist on New York's Economic Growth

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"New York State accounted for a disproportionately high share of the nation's jobs growth in December 2013, accounting for almost twice as many new jobs as might have been expected, given the size of its labor force.  Not surprisingly, this led to a significant decline in the state's unemployment rate.
 
The employment picture improved on Long Island as well.  The percentage growth in total nonfarm and total private jobs on Long Island from December 2012 to December 2013 were the second highest among the regions of New York State, just slightly trailing New York City.  The labor market appears to be gaining traction."