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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  
 
U.S. Labor Department Announces $4.4 Million Grant To Assist Mississippi Workers
The U.S. Department of Labor today announced a $4,433,754 grant, with an initial release of $1,477,077, to provide employment-related assistance to...
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U.S. Labor Department Cites Dover, Ohio, Pallet Manufacturer For Safety Violations
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has proposed $157,200 in fines against Inca Presswood Pallets L...
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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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Common Terms

 


Today's Terms

Money supply

Definition:
The amount of money (coins, paper currency, and checking accounts) that is in circulation in the economy.

American Stock Exchange

Definition:
One of the key stock exchanges in the United States, it consists mainly of stocks and bonds of companies that are small to medium-sized, compared with the shares of large corporations traded on the New York Stock Exchange..

Bond

Definition:
A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturing date.

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Resource Center

 

 

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Hot Topics

 

  • Creating A Trust
  • Types Of Trusts
  • Modifying A Willl
  • Types Of Wills
  • Disinheriting Family
  • Selecting An Executor
  • Protecting Assests

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Minnesota 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:

  • Andover
  • Anoka
  • Austin
  • Bemidji
  • Brainerd
  • Burnsville
  • Circle Pines
  • Cottage Grove
  • Eden Prairie
  • Elk River
  • Faribault
  • Hastings
  • Lakeville
  • Mankato
  • Minneapolis
  • Moorhead
  • Osseo
  • Owatonna
  • Rochester
  • Saint Cloud
  • Saint Paul
  • Stillwater
  • Winona
 


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