Play
Ithaca's Real Rock Radio Station
Email
RSS
Twitter
Facebook
advertisement | your ad here
Honda of Ithaca - 2010
thunderstorm rain mist
68° - thunderstorm rain mist
 
 
Setbacks in New York's Financial Progression
kpa32@cornell.edu
| February 3, 2012
No Comments Yet.
Be the first!

The state of New York has regained 46% of the jobs lost during the national recession.

Though this news is optimistic, the job increase, which was previously in recovery, has begun to slow down considerably. In Ithaca and Binghamton combined, a total of 1,700 jobs have been lost, and Ithaca maintains the highest unemployment rate in the state.

Thomas DiNapoli, the New York State Comptroller, shared these findings in a report entitled, “Economic Trends in New York.” The report establishes that, in general, the New York state recovery has been fruitful; New York has the 16th highest job recovery rate among all the states.

In terms of specific areas, Rochester, New York City and Glenn Falls have both exceeded the state average. Independently, Rochester regained 98.1% of the jobs it had lost. This success is credited to the economic success in business and professional services in the area.

Fortunately for Binghamton and Broome County, sales prices for housing rates have risen 2.8% in 2011. Though New York City Suburbs are declining, there has been an increase in most of the residential markets in upstate New York.

Share Your Thoughts
No comments yet. Be the first!
Name
Town
Please enter the text seen in the image below:
Note: Comments by logged in Rock n' Roll Nation users will appear immediately. All others must be approved by a moderator.
Hi: 81°
Lo: 64°
thunderstorm rain mist
Wed
Chance of a Thunderstorm
81°
64°
Thu
Chance of a Thunderstorm
73°
63°
Fri
Mostly Cloudy
77°
61°
Sat
Mostly Cloudy
75°
59°
StockWatch
 
LAST
CHANGE
15,545.75
 73.01 (0.47%)
3,919.71
 10.91 (0.28%)
1,756.54
 6.77 (0.38%)
Local Stocks
103.13
 2.34 (2.32%)
126.81
 1.12 (0.89%)
13.79
 0.09 (0.66%)
80.52
 0.01 (0.01%)
112.53
 1.78 (1.56%)
49.32
 1.12 (2.22%)
Gas Gauge
Big Red Blogroll
advertisement | your ad here
Perrywinkles Jewelry