Tagged: jobs

New York's senators say they have three new pieces of legislation that will reduce unemployment among recent veterans.

At a joint press conference Monday outside Syracuse University's Institute for Veterans and Military Families, Senators Kirsten Gillibrand (D-NY) and Charles Schumer (D-NY) unveiled the three bills, which Gillibrand says have bipartisan support.

Unemployment among veterans who served after September 11, 2001 is more than 12 percent, according to the Bureau of Labor Statistics.

The Cuomo administration is promoting a new program aimed at reducing unemployment among teens and young adults in low-income parts of the state.

The Labor Department's New York Youth Works program was first announced in February. Officials were in Syracuse late last week to highlight the benefits of the program.

The recent growth in New York's manufacturing sector has slowed, but economists say it's not all bad news.

"I wouldn't make too much out of just one month. It still is indicating growth," says Richard Deitz, senior economist at the Federal Reserve Bank of New York.

On Monday, the New York Fed released the April edition of its Empire State Manufacturing Survey [PDF].

After four months of steady growth, the Fed's "business conditions index" saw a 14-point drop. Still, the overall outlook remains positive. 

Deitz says manufacturing employment continued to increase, though unevenly in different parts of the state.

The education and healthcare sectors - or "eds and meds" - provide potential for upstate New York's economy - as long as the region can translate research activity into job creation.

That was the message from William Dudley, president of the Federal Reserve Bank of New York. Dudley was in Syracuse Thursday for a series of speeches. He also sat down with the Innovation Trail.

"The educational establishment is world-class," Dudley said. "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."

Ken Simonson is on a road trip to lobby for an increase in government investment in infrastructure projects.

Tuesday morning he stood in front of equipment at Milton Caterpillar in Syracuse and said “It’s great to see all this magnificent construction equipment, but it would be even better to see it in action.”

Simonson is the chief economists for the Associated General Contractors of America (AGC), a trade group. He highlighted Syracuse as one of four metro areas that have struggled more than most to regain jobs in constructions.