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NEW YORK STATE — There’s some good news and some bad news when it comes to New York’s economic growth over the past two years.
According to a new report on economic trends released by New York State Comptroller Tom DiNapoli, the Empire State is outpacing the national average when it comes to job growth. However, in recent months, we’ve fallen behind, shedding jobs here, while the country has added jobs. But some say New York will always be a great place to live and work.
“We have it all. We have gorgeous scenery. We have tourism destinations. We have major universities and health care institutions. Really everything you want is right here,” said Assemblyman Peter Lopez.
In the report, DiNapoli warns the recovery is much better in some regions of New York than others. The Capital Region was not hit as hard as many other areas during the recession, but it has been slow to recover. That’s in part because the state government was trimmed by more than 29,000 employees.
“I think there has been business climate issues that have affected New York’s ability to grow but under the Governor’s regional council open for business and process and focus, I think the tide has turned,” said F. Michael Tucker, New York State Center for Economic Growth President.
Two good signs for the state as a whole. Consumer confidence has started to improve and manufacturing jobs have ticked up in recent months. Small business owners say they’re confident in the Capital Region’s ability to recover.
