No area of New York saw its unemployment rate drop between 2011 and 2012, and the rate outpaces the national average.
Meanwhile, New York ranks last in the nation for its business climate, the Tax Foundation said last fall, and the state has 279,000 fewer people employed than it did in 2008, down 3 percent, state records show.
As the nation slowly rebounds from the Great Recession, New York may still be in an economic malaise, particularly upstate.
That’s the pretext—and opening few paragraphs—of the launch today of the yearlong Gannett Albany bureau series “Rebuilding New York’s Economy.”
The series will look at key factors affecting New York’s economic recovery and whether the state is succeeding. Among other issues, upcoming installments will look at the growth of the partnerships between colleges and the private sector, the impact of the property tax cap and the rebirth of the farming industry.
Coming next week: Can fracking be an economic answer? Some estimates have indicated that New York could create more than 50,000 new jobs if it were to permit hydrofracking in the Southern Tier. But critics say the job numbers are inflated and the process would irrevocably hurt the environment.
At 2 p.m. Monday, view an online webcast with Mike Durant, the state director for the National Federation of Independent Businesses. Durant will be live in the Gannett Albany Bureau studio to discuss the state of New York’s economy and the challenges facing businesses and government.
And take a look at an interactive database of unemployment and job data going back to 1990 in New York.