Worse, the real estate/Wall Street elite consciously and deliberately
drove the port of New York over to New Jersey, to free up the West Side of
Manahattan for real estate development. This massively increased the cost
of doing business for small manufacturers - and also greatly increased
truck traffic across the Geo Washington Bridge, fouling the air, and
wrecking the pavement. Everything that comes into NYC has to come by
truck (and into Long Island as well), since we have no freight rail or
waterway connection to the mainland.
Treacy: The last time I looked, the Bronx was still on the mainland. The trouble
is that rail connections to Manhattan and the Island come from the
North and not the West. The last time I was on the Tribouro Bridge, I
saw a large freight train barreling along over Hell Gate. The
resistence of the Longshoremen's Union to containerization did not
help the port either. [EMAIL PROTECTED]
The NYC unemployment rate only begins to tell the story. Our labor force
participation rate is about 10 points below the national average (or was,
last time I checked). If you're not in the LF, of course, you're not
unemployed.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Mon, 15 Aug 1994, Eban Goodstein wrote:
>
>
> **************
> Eban Goodstein Department of Economics
> 518-584-5000 (2739) 811 N. Broadway
> fax: 518-584-3023 Saratoga Springs, NY 12866
> [EMAIL PROTECTED]
> ************************
>
> In response to right wing claims about the disastrous state of the
> New York economy, I've been doing a little digging and have come up
> with the following picture: Over the last four years the state has
> risen from fifth to first in the overall unemployment rankings. But
> this trend is driven wholly by the grim employment picture in New
> York City. Indeed, outside of the five boroughs of New York City,
> the unemployment rate in the state is well below the regional
> average. Thus, for most of the state, job growth issues are clearly
> reflective of regional trends.
>
> Here's the data:
>
> 1993 1993 1992 1992 1991 1991 1990 1990
> RATE RANK RATE RANK RATE RANK RATE RANK
>
> New York 7.7 1 8.5 2 7.2 3 5.2 5
> NYC 10.2 10.8 8.6 6.8
> Excluding NYC 5.6 5.9 6.0 3.9
> Connecticut 6.2 6 7.5 4 6.7 5 5.1 6
> Massachusetts 6.9 4 8.5 2 9.0 1 6.0 2
> New Jersey 7.4 2 8.4 3 6.6 6 5.0 7
> Ohio 6.5 5 7.2 5 6.4 7 5.7 3
> Pennsylvania 7.0 3 7.5 4 6.9 4 5.4 4
> Rhode Island 7.7 1 8.9 1 8.5 2 6.7 1
> Vermont 5.4 7 6.6 6 6.4 8 5.0 8
>
> Table 1-- State Unemployment Rates, 1990-1993
>
> SOURCE: Employment and Earnings, May Issue (US Dept. of Labor:
> Washington, DC)
>
>
> Does anyone have any ideas of why unemployment is so high in NYC
> right now? The other big Northeast cities: Boston, Philly,
> Pittsburg, Cleveland, all have unemployment rates at or below their
> state average.
>
> Thanks....
>
> Eban
>
