New York City Stats

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Category: Output & Income (page 1 of 2)

Why the Typical Household Earns More in New York Than Most States

The U.S. Census Bureau released on Wednesday new data from its 2016 annual population survey — with largely positive findings. Most notable among the survey’s findings is the significant increase in U.S. median household income between 2014 and 2016 — more than in any two-year period on record. Not only did incomes go up nationwide, […]

New York is the 8th Most Expensive City to Move

From Europeans heading west in the 19th century to immigrants searching for a fresh start, leaving home in pursuit of opportunity has long been a central part of the American dream. Today, cities and local areas across the United States are actually competing for new residents. Just 11.2% of Americans moved in the past year […]

Federal Reserve Banks and Credit Services is the Largest Industry in New York

One of the strengths of the United States is its diverse economy, which comprises many industries that contribute to overall economic development and greater stability. Total U.S. economic output topped $16 trillion in 2015, and each state’s contribution to overall GDP was unique, both in terms of size and industrial composition. For example, California, New […]

Why New York’s Economy is Better Than Most States

Is your state a drag on the American economy or a boon? The 50 states — as diverse as they are — each contribute something to the U.S. economy. Because of their diversity, state economies rarely trend in unison. GDP growth is often the default measure for economic strength, but it often fails to tell […]

Gender Pay Gap Not as Pronounced in New York City

The gender pay gap has narrowed substantially since the Equal Pay Act was signed in 1963. Still, the typical woman working full time in the United States earns $40,022 a year — or only about 80% of the median annual income for men working full time of $50,119. A study conducted by the Pew Research […]

New York is the 5th Best State for Immigrants

The California State Senate passed a bill in April that provides a number of protections to immigrants in the state in light of recent crackdowns by Immigration and Customs Enforcement. The legislation limits the power of ICE agents to draw upon the resources of local law enforcement. With the law’s passage, California is now being […]

New York Less Dependent On Trade With Canada Than Most States

The United States Department of Commerce imposed on Monday a 20% import tax on softwood lumber from Canada. The measure is the latest indication of mounting economic tensions between the U.S. and its northern ally. In a press release, U.S. Secretary of Commerce Wilbur Ross said, “It has been a bad week for U.S.-Canada trade […]

New York Produces More Renewable Energy Than Most States

Climate change is widely viewed as one of the long-term events most threatening to the Earth and human life. Research shows that since the Industrial Revolution in the 1700s, changes in the Earth’s climate are due in part to human activity — specifically, the burning of fossil fuels and the emission of greenhouse gas. Fossil […]

New York is Worse Than Most States For Business

For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]

How the Middle Class is Being Left Behind in New York

By many measures, the U.S. economy is booming: unemployment is close to a decade-long low; the Federal Reserve recently raised interest rates for the second time in roughly a decade, signaling confidence in the economy; and the Dow Jones Industrial Average reached an all-time high earlier this year. Despite the nearly decade-long period of growth, […]

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