Results tagged “laborstatistics”

The Bureau of Labor Statistics has released data showing Manhattan as the country's highest paid place. Thanks to financial executives' salaries, the average weekly salary for a Manhattanite is $2,821. The next highest weekly salary in the country is Fairfield, Connecticut - $1,979. The figure reflect the heady first quarter of 2007. The rest of New York City residents make more modest amounts. Queens residents make an average of $831/week, followed by $788 made in...

Reader Austen took some photographs of an injured man being lifted from an Upper West Side construction site. A firefighter and the injured man, who is strapped on a board, is being hoisted by a crane to the ground level. The site is at Amsterdam and West 77th, where the Dakota stables once stood but where, after a fight with preservationists, condos will soon rise.

Thanks, Bureau of Labor Statistics, for confirming what we all knew: Investment banking is extremely lucrative. Based on a recent report, salaries at investment banks are ten times more than all other private sector jobs. The NY Times notes that average i-banking weekly wage is $8,367; all other private sector job average weekly wage is $841. Sigh.

While it certainly isn't getting cheaper to live in New York, a study by the federal Bureau of Labor Statistics found that we're spending less than two other large cities. The agency found that in 2004 and 2005, people in the New York area spent slightly less than residents of Los Angeles and Chicago, news that must make our friends at LAist and Chicagoist happy. New Yorkers spent an average of about 72% of our pretax income, while in LA and Chicago, they spent over 80% of their income (the national average is 79.4%). The previous two-year study found that New York households spent more than the two other cities. It's important to keep in mind that New Yorkers also had a higher average household income for the metropolitan area at $74,851.

Bureau of Labor Statistics, you fascinate us! Not only do your provide us with number-porn to whittle away the hours with, but now you are about to give us a report all about us - erm, and everyone else who has lived in Gotham over the past century. The report isn't available online yet (it will be here on Monday) but in the meantime the Times provides a nice peak into what is in its pages. Taken in hand with the news earlier in the week that NYC's consumer price index had risen nearly a percentage point and this week might as well be NYC-Stat week.

- Rise in gas prices drives up construction costs...so fewer rental developments are being builtAnd it doesn't seem like the CPI will drop any time soon. Another interesting reminder: Federal guidelines recommend that rent money should be 30% of household income, but in NYC, the Metropolitan Council on Housing says that more than 25% of people spend half their income on rent. Yeah, it's depressing - can we apply for federal subsidies? Or better yet, state subsidies, considering how much of city taxes go upstate?

The NY Times looked at some numbers from the Bureau of Labor Statistics that showed income dispartiy between Manhattan and the other boroughs. When looking at salaries adjusted by inflation, Manhattan salaries have increased while in the other boroughs, salaries have decreased. Cost of living expenses, like rent and utilities, have outpaced many raises that outer borough residents do get. A Crown Heights resident, whose rent went up 11.8% (from $850 to $950), told the Times he felt "priced out of Brooklyn, where I was born and bred...I feel disgusted. I feel like the 'Sex and the City' set has taken over, spending most of their money on rents, which puts pressure on the rest of us." And relative to the rest of the country, the Bronx, Brooklyn, Staten Island and Queens were doing worse with lower wage increases and higher inflation, which might very well be why NJ and even Pennsylvania is looking better and better.

The Bureau of Labor Statistics released information about on-the-job deaths and NYC's worker death rate was 14% higher in 2004 than in 2003, with 107 total. AM New York (PDF) had a number of stats: 29 of the deaths were homicides, "from police officers killed in the line of duty to bosses murdered by scheming employees to cashiers shot during robberies"; construction jobs are the most dangerous, with 27 deaths, followed by transportation ones (bike messengers, truck drivers) with 20 deaths; and the white collar deaths were mostly suicides. While these stats are alarming, they are peanuts next to stats from 1993, when 140 of the 191 workplace deaths were homicides.

"Expenditures went up less than inflation because New Yorkers allocated a large percentage of those expenditures on necessities," said Michael L. Dolfman, regional commissioner in the bureau. "Basically, New York is getting too expensive."Wow. Commissioner Dolfman totally sounds just like Gothamist's parents. And sure, Gothamist understands that paying over $10 for a cocktail (let alone $15) is par for the course when the bar makes sure that you get to rub shoulders with thousands of other interesting people you never speak with. And paying $2+ for a subway ride is not considering it can take you to most anywhere you should be going. But it's those moments when we go to the bodega and find out that a half gallon of milk is $5 that Gothamist wonders if maybe we should go to Starbucks and swipe milk from the cream-and-sugar station.