According to the latest edition of Western New York (WNY) Economic News, the anemic U.S. growth rate has accompanied a slowdown in world-wide economic activity. The slowdown in GDP, however, has been accompanied by a steady improvement in the U.S. labor market.
Closer to home, the metropolitan area has finally eclipsed the level of employment from before both the 2001 and 2008 recessions, and employment is growing in most industries -as are the average annual earnings.
Click here to read the latest edition of WNY Economic News.
The newsletter, which is prepared by George Palumbo, PhD and Mark Zaporowski, PhD, members of the Economics and Finance Faculty at Canisius, provides analysis and forecasts of economic trends in the Buffalo-Niagara Falls Metropolitan Statistical Area and contrasts these trends with those in New York State and the nation.