Is New York’s economy better off than it was at the start of 2013?
That’s the question Gannett’s Albany Bureau sought to answer in the conclusion of our 12-part, yearlong series: “Rebuilding New York’s Economy.”
The unemployment rate in New York has dropped from 8.4 percent to 7.4 percent over the past year, and the state has 7.5 million private-sector jobs — an all-time high.
The housing market is coming back, with double-digit percent increases in home sales and median prices in October compared with a year ago.
But the economic recovery in New York continues to be met with an unsteady climb. The state still has 170,000 more unemployed New Yorkers than it did in October 2008, before the depths of the recession, and some regions continue to struggle.
Gov. Andrew Cuomo is pushing tax-free zones near college campuses starting Jan. 1 to spur new development, and next year he is seeking to freeze property taxes for two years.
“Job creation numbers are up,” Cuomo said in an interview with the Albany Bureau. “Is it as much as anybody would want? No. But are the numbers up? Yes. And is the feeling better? Yes.”
You can read all 12 parts of the series here, along with a series of interviews on the topic with newsmakers from across the state.
(Photo of the Smart System Technology and Commercialization Center in Canandaigua, N.Y., by Shawn Dowd / Democrat and Chronicle.)