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Correct. The Times Union reported two days ago that the Capital Region unemployment rate hit an all-time high last month, and worsens every month. It's NOT good when your unemployment trend is going sharply in the opposite direction of the nation as a whole.
Correct. The Times Union reported two days ago that the Capital Region unemployment rate hit an all-time high last month, and worsens every month. It's NOT good when your unemployment trend is going sharply in the opposite direction of the nation as a whole.
That's only because the state has been cutting jobs. The private sector is doing well but the state has been laying people off.
The outline for the proposed 2013-14 budget provides some interesting information about economic growth and development for the entire state. Of note is an initiative to promote tourism in upstate NY
Don't get me wrong, it is wonderful that there is some rotation from public-sector jobs to private sector.
I'm also a fan of promoting tourism. I'd love to se a couple year-round full service Adirondack resorts like Stratton/Stowe. Vermont has done this without violating their environmental principles.
That said, just saying there is private sector job growth doesn't tell the whole story. If you add 10 private sector jobs but population grows by 11, and other private companies cut 10 jobs, and the state cuts 10 jobs...you're way behind and unemployment goes up. Stop the bleeding, cut taxes, and foster growth in every way.
Again, it's good to see 17 months of job growth, not so good to see an "inverse" unemployment number. That's all I'm saying.
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