Posted on 03/09/2012 4:30:00 AM PST by blam
Job Growth In New York City Is Blowing Everyone's Mind
Joe Weisenthal
March 9, 2012
According to WSJ, the NYC economy added more jobs in January than in any month in 23 years.
Some 31,200 jobs were added in the month, according to a seasonally adjusted analysis of new state Labor Department figures.
"It is an understatement to say that these gains exceeded all expectations," said Barbara Byrne Denham, chief economist with the real-estate services firm Eastern Consolidated, who conducted the analysis.
Here's the press release from the Department of Labor.
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In January 2012, New York State's private sector job count increased by 45,500, or 0.2%. From the beginning of the state's economic recovery in November 2009 through January 2012, New York has recouped 90%, or 290,800, of the private sector jobs lost during the state's recession in 2008-09.
Note: When comparing different months, seasonally adjusted data provide the most valid comparison; for example, December 2011 versus January 2012. Non-seasonally adjusted data are valuable in year-to-year comparisons of the same month; for example, January 2011 versus January 2012.
1) Unemployment rates (seasonally adjusted):
New York State's unemployment rate increased from 8.2% in December 2011 to 8.3% in January 2012. Over the same time period, the U.S. unemployment rate dropped from 8.5% in December 2011 to 8.3% in January 2012.
(Excerpt) Read more at businessinsider.com ...
Get them credit cards out, happy days are here.
Oh Yeah...
Vote for Obama.
What kind of jobs are these?
The tourism here is mind blowing. I am in NYC and we are flooded w tourists, which is a good thing.
Illegal aliens are not tourists. :)
I’m seriously confused. The article says jobs are back, but the YOY unemployment in the supplied chart shows a HIGHER unemployment rate.
The article and the chart completely contradict each other. What gives?
“The tourism here is mind blowing. I am in NYC and we are flooded w tourists, which is a good thing.”
The only way you can make it in NYC in the tourism industry is to also collect unemployment or other benefits.
I suspect that the number of statistically unemployed that are working under the table is significant.
I have been all over the united states and have seen a lot of places worth visiting, but I would not list new york city in the top 10,000.
The weak dollar? Is it foreign tourism? I’d bet.
Most likely the weak dollar. I’ve been following the Australian dollar and it’s currently worth $1.05 US. When I was there it was $1US was worth $2 Aus dollar. No one was coming to the US because it cost them double. Now the opposite is true.
More people actively looking for work I'd guess.
There are no good jobs. Real unemployment is over 20%.All governments are collapsing under massive debt. Almost 50% of Americans on foodstamps or other government assistance and still no good jobs with all this borrowing of money pumped into the economy.
Obama added 5 trillion more in debt, state and local governments also trillions more in debt, U.S. 17 trillion debt, 125 trillion in unfunded liabilities, massive consumer debt. Any of these liberal media reporters think this won't lead to collapse?
There’s always good paying jobs in NYC for whores, pimps, drug pushers, gang bangers, crooked cops, on-the-take city inspectors, union leaders and city council members. You can easily knock down a minimum of $300,000 per year. If they don’t pay enough, and you want REAL money, just start telling people that you’re a ‘certified’ preacher and get a gig like Rev. Al.
Facts?
Damn, you must be a Conservative.
This is a political ad and is only about 'feelings', not truth.
Quit being a party pooper.
So, it’s like the number of jobs created increased, but the number of people looking increased even more?
accountants and lawyers trying to figure out Frank-Dodd
“There’s always good paying jobs in NYC for whores, pimps, drug pushers, gang bangers, crooked cops, on-the-take city inspectors, union leaders and city council members”
But first, you have to get elected.
Joe Weisenthal
“The weak dollar? Is it foreign tourism? I’d bet.”
NYC still has it’s mystique to foreign tourists.
That mystique usually dissipates somewhat after they are relieved of a couple thousand dollars and they only have a T-shirt to show for it.
It generates cash for some business, but those on the front-lines of the tourist industry don’t make nearly enough to live in NYC without some other source of income.
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