CITY ENDED 2011 WITH ELEVATED UNEMPLOYME
Unemployment is up in New York City, highlighted by persistent inequities by race, age and borough, according to a data analysis released today by City Comptroller John C. Liu. The quarterly data showed that the City ended 2011 with unemployment in the double digits for young people, African Americans, and Hispanics – with the rate nearly twice as high in the Bronx as in Manhattan.
“As President Obama pointed out in his State of the Union, expanding opportunities is essential to job creation,” Comptroller Liu said. “We must level the playing field and close these employment gaps, because they undermine the health of entire neighborhoods and threaten our economic future. The City should clearly set fiscal policy to expand opportunities for Minority and Women-Owned Business Enterprises, which have proven track records of creating jobs in neighborhoods that need them the most.”
With the release of New York City employment data on Thursday, Jan.19, the Comptroller’s Bureau of Fiscal and Budget Studies analyzed raw data in the Current Population Survey (CPS) conducted by the Census Bureau and highlighted several trends.
Unemployment for the City was 9.7 percent in the fourth quarter of 2011, compared with 8.6 percent in same quarter of 2010, and 10.1 percent in 2009. A closer look at the data illustrated that unemployment was more pronounced in communities of color, among young people, and in the outer boroughs.
Age
Most strikingly, unemployment rose for 16-24 year olds to 16.5 percent.
| | 4Q09 | 4Q10 | 4Q11 |
| 16-24 years old | 22.4% | 11.9% | 16.5% |
| 25-54 years old | 9.3% | 8.7% | 9.8% |
| 55 years and older | 5.7% | 6.0% | 5.2% |
Source: NYC Comptroller’s Office from CPS microdata
Race
The unemployment rate for African Americans was 13.6 percent and for Hispanics it was 10.0 percent, compared with 7.8 percent for whites and 7.4 percent for Asians and others.
| | 4Q09 | 4Q10 | 4Q11 |
| African American | 14.6% | 14.9% | 13.6% |
| White | 7.5% | 5.7% | 7.8% |
| Hispanic | 11.9% | 9.8% | 10.0% |
| Asian and other | 6.0% | 3.9% | 7.4% |
Source: NYC Comptroller’s Office from CPS microdata
Borough
By borough, the unemployment rate in the Bronx was 12.6 percent, nearly twice as high as Manhattan’s 6.4 percent.
| | 4Q09 | 4Q10 | 4Q11 |
| Bronx | 13.0% | 14.8% | 12.6% |
| Brooklyn | 10.5% | 8.2% | 11.6% |
| Manhattan | 6.5% | 6.2% | 6.4% |
| Queens | 10.6% | 8.3% | 8.4% |
| Staten Island | 12.2% | 6.1% | 12.4% |
Source: NYC Comptroller’s Office from CPS microdata
Education
Unemployment was also in the double digits for New Yorkers without a college diploma.
| | 4Q09 | 4Q10 | 4Q11 |
| No HS diploma | 12.5% | 13.7% | 10.4% |
| HS, some college | 12.1% | 9.4% | 12.3% |
| BA or more | 7.1% | 6.0% | 6.7% |
Source: NYC Comptroller’s Office from CPS microdata
Due to the sample sizes of the CPS data, information was broken down on a quarterly basis to establish the most accurate depiction of the City’s unemployment trends.
The Current Population Survey is a monthly survey of about 50,000 households conducted by the Bureau of the Census for the Bureau of Labor Statistics. The survey has been conducted for more than 50 years. CPS data are used by government policymakers and legislators as important indicators of our nation’s economic situation and for planning and evaluating many government programs. They are also used by the press, students, academics, and the general public.
A full spreadsheet of the unemployment breakdown can be found at:
*The data estimates are computed directly from the US Census Bureau Current Population Survey, and may not correspond with estimates released by the State Department of Labor.
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