COVID-19 erased New York’s Employment Gains over the Past Decade

From June 2011 to June 2019, New York saw employment increase by 388,440 – 4.4%. But by June 2021, the pandemic had erased all those gains. In June, the state’s employment was lower than in 2011 – by 72,916 jobs or 0.8%. Both before the COVID pandemic and in June 2021, New York’s job performance […]

New York’s Population Increased by 823,147 between 2010 and 2020 while Upstate’s Declined

Based on the newly released 2020 Census data, New York’s population grew by 823,147 residents – 4.25% – between 2010 and 2020. The State’s performance was similar to others in its region and not far from the median growth rate for all states – 5.9%. But, more than three-quarters of the population growth took place […]

New York State Gave $2.6 Million to Build a Food Greenhouse that Pays One Dollar Above the Minimum Wage

In April of this year, Green Empire Farms in the central New York city of Oneida became notorious as the location of more than 170 Covid-19 cases.  The facility is a massive 2.8 million square foot greenhouse where vegetables and fruit, including strawberries and cucumbers, are produced.  County health officials believe that the outbreak occurred […]

President Trump’s Economic Renaissance – Fact or Fiction?

During the 2016 campaign, Donald Trump claimed that his policies would “Make America Great Again,” creating jobs by redressing trade imbalances.  He argued that “We will make America the best place in the world to start a business, hire workers, and open a factory,”   Trump claimed that he would change policies that  “allowed foreign countries […]

Covid-19: The Cost in Lost Jobs

With more than 190,000 lives lost and millions infected, Covid-19 has imposed a tragic toll on residents of the United States.  New York State was hit hard early on, and has lost 32,600 residents to the disease as of early September  But strong controls that shut down much of the state’s economy for weeks during […]

Despite Agitation to Reopen Businesses, Upstate Covid-19 Cases Are Not Declining

Upstate areas are seeing increasing pressure to reopen currently closed businesses as the economic damage from Covid-19 restrictions increases.  With millions of New Yorkers unemployed and businesses facing the prospect of permanent closure, there is real need for relief.  But reopening should take place in a way that does not lead to significant growth in […]

New Covid-19 Cases Decline Throughout New York

The number of new reported cases of Coronavirus in New York State has begun to decline.  The chart below, which shows the three-day moving average of new cases, indicates that after plateauing from April 3rd to April 10th, a decline began, with cases decreasing from a peak of more than 10,000 to less than 5,000 […]

Will New York Reopen for Business by May 1st?

Recent reports show that President Trump would like to reopen the national economy within a few weeks.  The Washington Post reported that “President Trump — concerned with the sagging economy — has sought a strategy for resuming business activity by May 1.”   More recently, the President said that he expected some states to reopen before […]

Local Leaders’ Role in Combating the Economic Effects of the Covid-19 Pandemic

 The Covid-19 health response has shut down New York’s local economies.  With most business activities on pause, local government leaders should be addressing the economic impact now and preparing for the time when businesses are permitted to reopen. To date, the health impact of the virus in Upstate New York has been less severe than […]

Countering the Economic Impact of the Covid-19 Pandemic

We have seen alarming estimates of the potential impact of the Covid-19 pandemic on disease and death, as well as on our economy.  Some have suggested that more than half of our population could be infected – more than 160 million people and that one or two percent of those could die.  The President’s Treasury […]