New York federal reserve http://wrvo.org en Mobile reemployment teams tour state http://wrvo.org/post/mobile-reemployment-teams-tour-state <p>Upstate New York is having a hard time getting over the recession. Unemployment in upstate rose to 8.5 percent in August, close to one percentage point higher than during August 2011, according to a new report from the<a href="http://www.labor.ny.gov/stats/pressreleases/prlaus.shtm" target="_blank"> New York State Department of Labor</a>. New York’s&nbsp;rate peaked above the national trend, and this month Governor Andrew Cuomo started an <a href="http://www.governor.ny.gov/press/09182012-cuomo-initiative-to-help-unemployment" target="_blank">initiative to help</a> address the issue. Mon, 08 Oct 2012 20:16:49 +0000 Kate O'Connell 27185 at http://wrvo.org NY Fed says job opportunities growing in high and low skill sectors http://wrvo.org/post/ny-fed-says-job-opportunities-growing-high-and-low-skill-sectors <p>A <a href="http://www.newyorkfed.org/research/current_issues/ci18-7.pdf" target="_blank">new report </a>from the New York Federal Reserve shows that advances in technology and globalization mean job opportunities are growing at both ends of the skill spectrum, but not in the middle.</p><p> Wed, 03 Oct 2012 21:23:30 +0000 Kate O'Connell 26988 at http://wrvo.org NY Fed says job opportunities growing in high and low skill sectors Manufacturing growth slows, but factory hiring continues http://wrvo.org/post/manufacturing-growth-slows-factory-hiring-continues <p>The recent growth in New York&#39;s manufacturing sector has slowed, but economists say it&#39;s not all bad news.</p><p>&quot;I wouldn&#39;t make too much out of just one month. It still is indicating growth,&quot; says Richard&nbsp;Deitz, senior economist at the Federal Reserve Bank of New York.</p><p>On Monday, the New York Fed released the&nbsp;<a href="http://www.newyorkfed.org/survey/empire/april2012.pdf" target="_blank">April edition of its Empire State Manufacturing Survey [PDF]</a>.</p><p>After <a href="http://innovationtrail.org/post/ny-federal-reserve-sees-improvements-manufacturing" target="_blank">four months of steady growth</a>, the Fed&#39;s &quot;business conditions index&quot; saw a 14-point drop. Still, the overall outlook remains positive.&nbsp;</p><p>Deitz says manufacturing employment continued to increase, though unevenly in different parts of the state.</p><p> Mon, 16 Apr 2012 23:27:51 +0000 Ryan Delaney 17701 at http://wrvo.org Manufacturing growth slows, but factory hiring continues NY Fed president: keeping young people upstate is key http://wrvo.org/post/ny-fed-president-keeping-young-people-upstate-key <p>The education and healthcare sectors - or &quot;eds and meds&quot; - provide potential for upstate New York&#39;s economy - as long as the region can translate research activity into job creation.</p><p>That was the message from William Dudley, president of the Federal Reserve Bank of New York. Dudley was in Syracuse Thursday for <a href="http://www.syracuse.com/news/index.ssf/2012/04/failure_to_deal_with_governmen.html" target="_blank">a series of speeches</a>. He also sat down with the Innovation Trail.</p><p>&quot;The educational establishment is world-class,&quot; Dudley said. &quot;And the amount of innovation that those institutions are driving is substantial. But not much of that innovation actually leads to jobs in the region.&quot; Fri, 13 Apr 2012 16:51:59 +0000 Ryan Delaney 17570 at http://wrvo.org NY Fed president: keeping young people upstate is key