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February 06, 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  
 
Job Bias Charges Edged Up In 2006, EEOC Reports
The U.S. Equal Employment Opportunity Commission (EEOC) last year received a total of 75,768 discrimination charges against private sector employer...
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U.S. Labor Secretary Announces Grant to Aid Dislocated Workers in Massachusetts
WASHINGTON — U.S. Secretary of Labor Elaine L. Chao recently issued a grant of $2,281,237, with an initial increment of $1,110,464, to assist appro...
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Violations Of the New Overtime Law
U.S. Labor Department Recovers Over $2.2 Million in Back Wages for 600 Employees of Action Force Security Inc. in Puerto Rico

NEW Y...

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Common Terms

 


Today's Terms

Wildcat strike

Definition:
A wildcat strike refers to any type of strike that is not sanctioned by the union. Wildcat strikers are not protected by the NLRA provisions and may be permanently terminated by the employer.

Revenue

Definition:
Payments received by businesses from selling goods and services.

Inflation

Definition:
A rate of increase in the general price level of all goods and services. (This should not be confused with increases in the prices of specific goods relative to the prices of other goods.)

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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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Milwaukee 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:

  • Appleton
  • Beloit
  • Burlington
  • Chippewa Falls
  • De Pere
  • Eau Claire
  • Fond Du Lac
  • Franklin
  • Green Bay
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  • Kenosha
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  • Madison
  • Manitowoc
  • Marshfield
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  • Milwaukee
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  • Oconomowoc
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  • Racine
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  • Stevens Point
  • Sun Prairie
  • Superior
  • Waukesha
  • Wausau
  • West Bend
  • Wisconsin Rapids
 


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