New York state economic officials have predicted New York’s economy to make a steadily stronger economy this year.Today, private sector jobs have increased by 1.2%.As of right now, the unemployment
rate in New York is at 8%
The recession in New York lasted for sixteen months and ended in December of 2009. New York lost a total of 353,000 private sector jobs,which is more than the previous recession,the previous recession also lasted twice as long as the most current recession.New York residents experienced a 6.1 percent decline in wages in 2009,
which is equal to over 30 billion dollars.
The budget office of New York expects private sector jobs to add about e 80,000 jobs in 2011.The majority of those jobs are coming from health care,education and hospitality.