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3 mentions found


☆ 1 in 4 New York City Children Now Lives in Poverty
  + stars: | 2024-02-21 | by ( Stefanos Chen | ) www.nytimes.com   time to read: +2 min
It differs from the U.S. census’s official poverty measure, which only counts cash resources, but the supplemental measure is also widely used by government. In 2022, under the supplemental measure, a family of New York City renters with two children was considered below the poverty line if it made less than about $44,000. Why It Matters: The City’s Economic Recovery Is UnevenThe rise in poverty underscores wide disparities in New York. A major reason for the disparities is the lopsided jobs recovery, said James Parrott, the director of economic and fiscal policy at the Center for New York City Affairs at the New School. The median household income in New York City is about $75,000.
Persons: Christopher Wimer, “ It’s, Wimer, “ we’re, James Parrott, Parrott, Charles Lutvak, “ Organizations: Poverty, Columbia University, Center, New York City Affairs, New Locations: New York, New York City
☆ New York City Has Lost Tens of Thousands of Retail Jobs, Report Finds
  + stars: | 2023-06-08 | by ( Stefanos Chen | ) www.nytimes.com   time to read: +2 min
More than 70 percent of the city’s 301,700 retail jobs are held by Black, Hispanic and Asian workers, a disproportionate share of whom did not finish college. But that amounted to only 4,300 new jobs, Mr. Bowles said. The growth of home health care services has also been sharp, with a gain of 41,700 new jobs, but those positions tend to pay far less than some retail jobs. The working-age population of New York City was down 400,000 people in March and April of 2023, compared to the start of 2020, which hurt retail demand, Dr. Parrott said. To counter the losses in retail, Mr. Bowles said, the city should invest in job training programs that can help retail workers transition to other fields.
Persons: Mr, Bowles, James Parrott, Jobs, Parrott, “ They’re, ” Organizations: Black New Yorkers, Yorkers, City, New York, Center, New York City Affairs, New School, Mr Locations: New York, New New York, New, New York City
☆ The Unemployment Gap Between Black and White New Yorkers Is Widening
  + stars: | 2023-04-28 | by ( Stefanos Chen | ) www.nytimes.com   time to read: +1 min
The gulf between Black and white unemployment rates in New York City is now the widest it has been this century, exceeding even the largest gap during the Great Recession, according to a new report. The overall unemployment rate among New Yorkers was 5.3 percent. The New York City figures are out of step with the national picture. The nationwide Black unemployment rate was 5.4 percent in the first quarter of the year, and the white unemployment rate was 3.2 percent. The Black and white unemployment rates in New York City have not continuously diverged for at least a year in about 25 years, and it is happening at a time when Black unemployment nationwide is approaching new lows, said James A. Parrott, a co-author of the report and the director of economic and fiscal policy at the center.
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