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14-May-2013 — NYC Employment Alert - March 2013

The following report covers the New York City employment results for March 2013. Eastern Consolidated seasonally adjusts the data using the same program as the Bureau of Labor Statistics in its national monthly release. The unadjusted data was released from the New York State Department of Labor earlier today.

14-Mar-2013 — NYC Employment Alert - January 2013

The following report covers the New York City employment results for January 2013 in addition to the results from the 2011–2012 benchmark revisions. This annual revision is conducted every March to align the monthly survey numbers from the prior 24 months with the ES202 employment data that is derived from the unemployment insurance filings. Eastern Consolidated seasonally adjusts the data using the same program as the Bureau of Labor Statistics in its national monthly release. The unadjusted data is released from the New York State Department of Labor.

24-Jan-2013 — NYC Employment Alert - December 2012

The following report covers the New York City employment results for December 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated. In early March, the Department of Labor will release its annual “Benchmark Revisions” which could alter these results considerably.

21-Dec-2012 — NYC Employment Alert - November 2012

The following report covers the New York City employment results for November 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated.

24-Oct-2012 — NYC Employment Alert - September 2012

The following report covers the New York City employment results for September 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated.

11-Sep-2012 — NYC Employment Alert - August 2012

Why Is New York City’s Unemployment Rate Increasing When Job Growth Is So Strong?

New York City’s economy is thriving: since the depth of the last recession, New York City has added 205,000 jobs. Who is getting these added jobs? Well, in short, no one. The unemployment rate in New York City has climbed to 10.0% as of July, and the number of New York City residents employed is lower than it was at that recession nadir.  So, one would conclude, these jobs went to commuters? The data suggests otherwise.

The problem with New York City’s continuously contradictory statistics lies deep within the working models used by the Bureau of Labor Statistics (BLS) to calculate the unemployment rate. While much of their model is too arcane to elaborate on here, we have researched this issue thoroughly and hope to clarify the issues to convey our lack of faith in New York City’s unemployment statistics.

23-Jul-2012 — NYC Employment Alert - June 2012

The following report covers the New York City employment results for June 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated.

18-Jun-2012 — NYC Employment Alert - May 2012

The following report covers the New York City employment results for May 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated.  

21-May-2012 — NYC Employment Alert - April 2012

The following report covers the New York City employment results for April 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated.

26-Apr-2012 — NYC Employment Alert - March 2012

The following report covers the New York City employment results for March 2012. The results are based on data released from the New York State Department of Labor that was seasonally adjusted by Eastern Consolidated.