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January 30, 2012
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Wills & Trusts News

 

Almost no Upstate job growth for 2005


Upstate New York barely produced any net new jobs in 2005, the state Labor Department reported with release of revised figures for the end of the year. Upstate's private-sector employment rose 0.2 percent, while the downstate region added jobs at a pace of 1.3 percent, and the nation's employment rose 1.7 percent.

The statewide private-sector job growth of 0.9 percent was just more than half the nation's growth rate. Matching the national pace would have given New York another 55,000 jobs.

We give the state Labor Department full credit for including the New York-national comparison in the first paragraph of its press release. We wish every news report on the subject included similar details. Instead, news stories often focus on the unemployment rate. That's a less useful indicator than the growth in jobs. When people move elsewhere in search of opportunity, the unemployment rate improves even though the state's economic vitality diminishes.

Three Upstate regions (Binghamton, Buffalo-Niagara Falls and Elmira) lost jobs during 2005, the Labor Department reported. The Southern Tier was hit especially hard. Kingston, Rochester and Utica saw no growth, but no net losses either. The state's Capital Region, Syracuse, Glens Falls and Ithaca all are doing well enough that local leaders say they're doing well. But their 2005 growth rates barely surpassed half the national job pace.

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  News Room  
 
Eeoc Settles Sex Bias Suit Against Auto Dealer Jeff Wyler Eastgate, Inc. For $2.3 Million
The U.S. Equal Employment Opportunity Commission (EEOC) announced today that it has resolved its lawsuit charging that Jeff Wyler Eastgate, Inc. an...
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Lawmakers Move to Hold Labor Law Violators Accountable
U.S. Representatives Rosa L. DeLauro (Conn.-3) and George Miller (Calif.-7) today introduced legislation to stop the advance notice policy before t...
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U.S. Labor Secretary Announces $1 Million Grant to Aid Dislocated Workers in Connecticut
WASHINGTON — U.S. Secretary of Labor Elaine L. Chao today announced a grant of $1 million, with an initial release of $550,167, to assist approxima...
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Common Terms

 


Today's Terms

Panic

Definition:
A series of unexpected cash withdrawals from a bank caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency.

Asset

Definition:
A possession of value, usually measured in terms of money.

Equal Opportunity Employment

Definition:
Equal Opportunity laws prohibit employment discrimination due to race, religion, disability, immigration etc.

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Hot Topics

 

  • Creating A Trust
  • Types Of Trusts
  • Modifying A Willl
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  • Disinheriting Family
  • Selecting An Executor
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South Dakota Wills & Trusts Attorney

 
If you live in the following cities and need a Wills & Trusts Attorney you should contact our Wills & Trusts Attorneys as soon as possible:

  • Aberdeen
  • Brookings
  • Huron
  • Mitchell
  • Pierre
  • Rapid City
  • Sioux Falls
  • Spearfish
  • Vermillion
  • Watertown
  • Yankton
 


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