9/11 and the New York City Economy: a Borough-By-borough Analysis

9/11 and the New York City Economy: a Borough-By-borough Analysis PDF Author: Bureau of Labor and Statistics
Publisher: CreateSpace
ISBN: 9781500692230
Category : Political Science
Languages : en
Pages : 34

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Book Description
The political, security, and social implications of the terrorist attack of September 11, 2001, have been well documented. In New York City, the events of that day resulted in the deaths of 2,699 workers from a wide range of occupational backgrounds. Of the 2,198 non-rescue workers killed in the World Trade Center, 78 percent were employed in finance, insurance, and real estate. Firefighters accounted for 81 percent of the 412 fatally injured rescue workers; 15 percent were police officers or detectives. Thirty-six percent of the 89 individuals killed on the airplanes that crashed into the towers were traveling on services-related business.The terrorist attack also had a profound impact on the city's economy, its labor market dynamics, and individual businesses. Just what the immediateand long-term economic effects of the attack were and will be on New York City has been the subject of some debate. This article joins that discussion in its analysis of employment and wage data, on a borough-by-borough basis.The article focuses on the most salient feature of the current city economy: the bifurcation of its industry into “export” and “local” economic sectors. Examining the effect of 9/11 on each of the boroughs makes it possible to isolate the “export” sector, on the one hand, which identifies New York City as a prime center of the global economy, and the “local” sector, on the other, which has its own distinct importance and relation to the city's industry.In what follows, trends in employment and wage patterns based on the Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages (QCEW) program are compared, on a borough-by-borough basis, before and after the attack to measure the extent of the losses. The relation of these losses to the entire New York economy completes the analysis.

9/11 and the New York City Economy: a Borough-By-borough Analysis

9/11 and the New York City Economy: a Borough-By-borough Analysis PDF Author: Bureau of Labor and Statistics
Publisher: CreateSpace
ISBN: 9781500692230
Category : Political Science
Languages : en
Pages : 34

Get Book

Book Description
The political, security, and social implications of the terrorist attack of September 11, 2001, have been well documented. In New York City, the events of that day resulted in the deaths of 2,699 workers from a wide range of occupational backgrounds. Of the 2,198 non-rescue workers killed in the World Trade Center, 78 percent were employed in finance, insurance, and real estate. Firefighters accounted for 81 percent of the 412 fatally injured rescue workers; 15 percent were police officers or detectives. Thirty-six percent of the 89 individuals killed on the airplanes that crashed into the towers were traveling on services-related business.The terrorist attack also had a profound impact on the city's economy, its labor market dynamics, and individual businesses. Just what the immediateand long-term economic effects of the attack were and will be on New York City has been the subject of some debate. This article joins that discussion in its analysis of employment and wage data, on a borough-by-borough basis.The article focuses on the most salient feature of the current city economy: the bifurcation of its industry into “export” and “local” economic sectors. Examining the effect of 9/11 on each of the boroughs makes it possible to isolate the “export” sector, on the one hand, which identifies New York City as a prime center of the global economy, and the “local” sector, on the other, which has its own distinct importance and relation to the city's industry.In what follows, trends in employment and wage patterns based on the Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages (QCEW) program are compared, on a borough-by-borough basis, before and after the attack to measure the extent of the losses. The relation of these losses to the entire New York economy completes the analysis.

Monthly Labor Review

Monthly Labor Review PDF Author:
Publisher:
ISBN:
Category : Labor laws and legislation
Languages : en
Pages : 180

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Book Description
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

9/11 and the New York City Economy

9/11 and the New York City Economy PDF Author: Michael L. Dolfman
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 70

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Book Description


Resilient City

Resilient City PDF Author: Howard Chernick
Publisher: Russell Sage Foundation
ISBN: 1610441214
Category : Social Science
Languages : en
Pages : 352

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Book Description
The strike against the World Trade Center on September 11, 2001, was a violent blow against the United States and a symbolic attack on capitalism and commerce. It shut down one of the world’s busiest commercial centers for weeks, destroyed or damaged billions of dollars worth of property, and forced many New York City employers to slash their payrolls or move jobs to other areas. The immediate economic effect was substantial, but how badly did 9/11 affect New York City’s economy in the longer term? In Resilient City, Howard Chernick and a team of economic experts examine the city’s economic recovery in the three years following the destruction of the Twin Towers. Assessing multiple facets of the New York City economy in the years after 9/11, Resilient City discerns many hopeful signs among persistent troubles. Analysis by economist Sanders Korenman indicates that the value of New York–based companies did not fall relative to other firms, indicating that investors still believe that there are business advantages to operating in New York despite higher rates of terrorism insurance and concerns about future attacks. Cordelia Reimers separates the economic effect of 9/11 from the effects of the 2001 recession by comparing employment and wage trends for disadvantaged workers in New York with those in five major U.S. cities. She finds that New Yorkers fared at least as well as people in other cities, suggesting that the decline in earnings and employment for low-income New York workers in 2002 was due more to the recession than to the effects of 9/11. Still, troubles remain for New York City. Howard Chernick considers the substantial fiscal implications of the terrorist attacks on New York City, estimating that the attack cost the city about $3 billion in the first two years alone; a sum that the city now must make up through large tax increases, spending cuts, and substantial additional borrowing, which will inevitably be a burden on future budgets. The terrorist attacks of September 11 dealt a severe blow to the economy of New York City, but it was far from a knock-out punch. Resilient City shows that New York’s dynamic, flexible economy has absorbed the hardships inflicted by the attacks, and provides a thorough, authoritative A Russell Sage Foundation September 11 Initiative Volume

Monthly Labor Review

Monthly Labor Review PDF Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 628

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Book Description
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Planning for a City of Culture

Planning for a City of Culture PDF Author: Shoshanah B.D. Goldberg-Miller
Publisher: Routledge
ISBN: 1315309238
Category : Architecture
Languages : en
Pages : 225

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Book Description
Planning for a City of Culture gives us a new way to understand how cities use arts and culture in planning, fostering livable communities and creating economic development strategies to build their brand, attract residents and tourists, and distinguish themselves from other urban centers worldwide. While the common thinking on creative cities may coalesce around the idea of one goal––economic development and branding––this book turns this idea on its head. Goldberg-Miller brings a new, fresh perspective to the study of creative cities by using policy theory as an underlying construct to understand what happened in Toronto and New York in the 2000s. She demystifies the processes and outcomes of stakeholder involvement, exogenous and endogenous shocks, and research and strategic planning, as well as warning us about the many pitfalls of neglecting critical community voices in the burgeoning practice of creative placemaking. This book is an essential resource in examining the development and sustainability of the global trend of integrating arts and culture in city planning and urban design that has become an international phenomenon. Perfect for students, scholars, and city-lovers alike, Planning for a City of Culture illuminates the ways that this creative city trend went global, with the two case study cities serving as perfect illustrations of the power and promise of arts and culture in current and future municipal strategies. Please visit Shoshanah Goldberg-Miller's website for more information and research: www.goldberg-miller.com

Employment and Wages, Annual Average

Employment and Wages, Annual Average PDF Author:
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 722

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Book Description


Jobs and Economic Development in Minority Communities

Jobs and Economic Development in Minority Communities PDF Author: Paul M. Ong
Publisher: Temple University Press
ISBN: 9781592134113
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
A new agenda for revitalizing minority neighborhoods.

September 11

September 11 PDF Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : NYC
Languages : en
Pages : 56

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Book Description


Disaster Mental Health: Around the World and Across Time, An Issue of Psychiatric Clinics

Disaster Mental Health: Around the World and Across Time, An Issue of Psychiatric Clinics PDF Author: Craig L. Katz
Publisher: Elsevier Health Sciences
ISBN: 0323188702
Category : Medical
Languages : en
Pages : 180

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Book Description
Disasters! Looking beyond their acute impact to how they affect communities in the years that follow is the focus of discussion in this issue of Psychiatric Clinics. Reviews of cases of well known disasters such as 9/11, the 2004 South Asian tsunami, Hurricane Katrina, the Haiti earthquake of 2010, the 3/11/11 "triple disaster" in Northern Japan, and others are presented from the perspective of local experts who have been asked to take a long view of what they learned and may still be learning from their post-disaster experiences that mental health professionals faced with future disasters should know. World renown experts in disaster psychiatry and global psychiatry, Craig Katz and Anand Pandya, lead this publication.