Monday, October 24, 2011

Unemployment in the Bronx three times higher than in Manhattan

Last week, City Comptroller John Liu released data highlighting the disparities in education, race, age and borough throughout the city. Most alarming to Liu is the difference between unemployment between the Bronx and Manhattan.

By borough, the unemployment rate in Manhattan has fallen to 4.7 percent, while in the Bronx it is nearly three times as high at 13.6 percent.


3Q09
3Q10
3Q11
Bronx
17.8%
17.4%
13.6%
Brooklyn
8.9%
9.1%
11.2%
Manhattan
8.5%
7.1%
4.7%
Queens
11.8%
8.3%
7.2%
Staten Island
4.6%
8.6%
7.1%


While the Bronx has seen unemployment drop over 25 percent since 2009, the fact that it is still nine points higher than Manhattan is troublesome.

“Jobs are vital to everyone regardless of race, age, or zip code. Persistent inequities in unemployment threaten the economic health of the City as a whole,” Liu said. “It’s important that the City economy works for everyone, so the crisis like the one we’ve seen doesn’t happen again. Growth that is unequal, jobs that don’t pay, and gaps in educational achievement and infrastructure investment will only create an unequal playing field and, worse, conditions for another downturn.”

The breakdown was designed to help provide policymakers with a snapshot of areas of persistent unemployment. Even as the city’s overall unemployment rate declined year-on-year – to 8.7 percent in the third quarter of 2011 from 9.5 percent in the same quarter of 2010, and 10.7 percent in 2009 – stubborn disparities are evident.

Jump below for the rest of the statistics, including unemployment broken down by race, age and education levels.

Age
As the Occupy Wall Street protests highlighted joblessness among young people in particular, data showed unemployment for those under 25 years old stood at 16.9 percent, more than double that of 25 to 54 year olds (8.3 percent).


3Q09
3Q10
3Q11
16-24 years old
29.6%
17.7%
16.9%
25-54 years old
9.1%
8.7%
8.3%
55 years and older
5.5%
6.7%
5.7%
Source: NYC Comptroller’s Office from CPS microdata

Race
The unemployment rate for African Americans remained in the double-digits, at 14.2 percent, compared with 6.6 percent for whites, 7.8 percent for Hispanics, and 7.2 percent for Asians and others.


3Q09
3Q10
3Q11
African American
16.4%
15.3%
14.2%
White
7.7%
5.2%
6.6%
Hispanic
12.5%
13.3%
7.8%
Asian and other
6.5%
4.4%
7.2%
Source: NYC Comptroller’s Office from CPS microdata


Education
Disparities by education level were striking as well – 13.0 percent unemployment for those without a high school diploma and 10.5 percent for high school graduates, compared with 5.4 percent for college graduates.


3Q09
3Q10
3Q11
No HS diploma
15.0%
16.1%
13.0%
HS, some college
12.4%
11.3%
10.5%
BA or more
7.0%
5.1%
5.4%
Source: NYC Comptroller’s Office from CPS microdata

Due to the sample sizes of the CPS data, this information is broken down on a quarterly basis to establish the most accurate depiction of the unemployment trends facing New Yorkers.

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.

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