New York Comptroller Thomas DiNapoli says the state's economic recovery has been slow and uneven.
DiNapoli in a new report says that while private-sector employment is up, public-sector employment is down. And while home values in upstate New York's largest metropolitan areas spiked in the fourth quarter of 2010, values have begun to decline in the New York City region.
DiNapoli notes there is still positive news.
New York's Gross State Product grew 2.2 percent during 2010, after two years of decline. And economic output in all the state's metropolitan areas rebounded, with Ithaca leading the way with a 3.3 percent change. Ithaca was followed by the mid-Hudson Valley at 3.1 percent, Buffalo at 2.9 percent and Rochester and the Utica-Rome regions at 2.4 percent.
Source: www.businessweek.com
DiNapoli in a new report says that while private-sector employment is up, public-sector employment is down. And while home values in upstate New York's largest metropolitan areas spiked in the fourth quarter of 2010, values have begun to decline in the New York City region.
DiNapoli notes there is still positive news.
New York's Gross State Product grew 2.2 percent during 2010, after two years of decline. And economic output in all the state's metropolitan areas rebounded, with Ithaca leading the way with a 3.3 percent change. Ithaca was followed by the mid-Hudson Valley at 3.1 percent, Buffalo at 2.9 percent and Rochester and the Utica-Rome regions at 2.4 percent.
Source: www.businessweek.com
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