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New york city unemployment rate january 2012,model railroader magazine project layouts,train history nsw records - For Begninners

For the purpose of examining the connection between the growth in payroll jobs and changes in the unemployment rate, it is useful to separate periods of modest job growth from periods of strong job growth with a distinguishing value or threshold. The Queens unemployment rate as of February 2011 was 8.3% which is down one full percentage point versus February of 2010. It's worth noting that New York City currently has a higher rate of unemployment versus the nation, while Queens has a significantly better rate of unemployment versus the nation.
The number of nonfarm employed in NYC in 2010 was 3,624,900; which was up 5% or 171,000 than in the year 2000. Three segments of the Queens economy - health, education and social services - have been combined into one economic category.
While we couldn't find apples to apples categories for comparison with Queens in 2011, we were able to obtain some information from another source about NYC employment as a whole in 2008. For New York City as a whole, healthcare represents about 15% of the economy, and educational services represent about 4% of the economy [likely private education & educational services]. The fourth largest category is financial services which includes banking, lending and investment services.
While we haven't yet obtained definitive information in some of the other categories, for NYC we know that construction is about 3% of the employment base, accommodation and food services are 6% of the employment base, real estate professionals make up about 4% of the employment base, wholesale represents 4% of the base and manufacturing is 3% of the base.
Given Queens proximity to Manhattan, a lot of people who live in western and central Queens commute into jobs in Manhattan.


The following are some charts showing the unemployment rates for Queens, NYC and NYS as well as charts of employment categories for Queens in 2010 and NYC in 2008. Dudley, president of the New York Federal Reserve Bank, Queens diversified economy has helped it weather the economic downturn better than other parts of the country. The chart to your left shows the break out, but a more readable one is included in the slide show and photo album [best] below. The NYC Government is also a major provider of education and social services, as well as many other services, and represents 15% of the NYC economy.
This sector employ about 8% of the Queens labor force and includes lawyers, accountants and business services. These people also contribute to the Queens economy through their consumption in the borough.
You can also click here to view the photo album containing charts of Queens employment & unemployment statistics 2011. The analysis begins by placing the unemployment rate and the growth of nonfarm jobs in their historical context. He noted the drop from peak to trough for Queens was in the neighborhood of 3%, versus 4.5% for NYC and 7% for the nation as a whole.
For comparison, professional and technical services [bear in mind these categories are not apples to apples comparisons] represent about 9% of the employment base in NYC.


The aim is to identify other periods in which strong job growth coexisted with persistent high unemployment. Another 4% of employment in NYC is attributable to information, which would include publishing and broadcasting. Then the labor force participation rate and the employment–population ratio are examined to see if they shed light on the inertia in the unemployment rate.
The unemployment rate and the count of nonfarm jobs are based on two different surveys, of households and business establishments, respectively.
The two surveys have different concepts of employment, making it difficult to infer that increases in nonfarm payroll jobs will translate into proportional increases in the number of employed city residents. You may also view a larger copy of this slide in the slide show below or in the photo album connected to this report [largest view].



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