Friday Links
Paterson to Sign Bill Limiting Retention of Street-Stop Dat [NY Times] City’s Unemployment Rate Fell to 9.5% in June [NY Times] PLG Nursery Evolves With The Neighborhood [NY Times] Brooklyn D.A. Will Investigate Fatal Scooter Crash [NY Times] Tree Slasher Held for Psychological Tests [NY Post] Rasta Drug Dealers Foil Sale of Bed Stuy Classics…
Paterson to Sign Bill Limiting Retention of Street-Stop Dat [NY Times]
City’s Unemployment Rate Fell to 9.5% in June [NY Times]
PLG Nursery Evolves With The Neighborhood [NY Times]
Brooklyn D.A. Will Investigate Fatal Scooter Crash [NY Times]
Tree Slasher Held for Psychological Tests [NY Post]
Rasta Drug Dealers Foil Sale of Bed Stuy Classics [NY Daily News]
To Clean Gowanus, Columbia Street Gets Messy [Brooklyn Paper]
What’s Up at Next Real Estate Roundtable [Brooklyn Eagle]
Brooklyn Brownstone Sales ‘Sort of Pre-Lehman’ [NYO]
Goldman to Pay $550M for Mortgage Fraud [TRD]
Williamsburg’s 34 Berry Now 90% Rented [Curbed]
Photo by Matthew Nedbalsky from the Brownstoner Photo Pool
m4l, true. I also wonder if we benefit from the high cost of living; students can’t really afford to stay here after graduation and neither can young professional without a job, so they go swell the unemployment numbers in their home state, living in their parents’ house.
NYC looks great compared to elsewhere. bailout helped this area a ton. rest of the country, it looks way worst than 10% unemployment would indicate
There are many ways to calculate unemployment: 1- people who collect benefits 2- population surveys 3- payrolls, and many more ways to skew the numbers. High unemployment looks bad for politicians (no matter how little they can do about it) so there is a lot of temptation to monkey around with the definition.
For example, often you’ll hear journalists or politicians compare Western European rates to US rates (favorably to the US), but they measure different things. In the US, most often the quoted rate is for for people who have been unemployed for 6 months or less, collect benefits and therefore do not work at all. In Western Europe, the number represents all the people looking for FT work, even if they have a PT gig on the side.
I believe unemployed stats are from surveys – not based on those collecting benefits.
I was glad to see Kings County Nursery getting some good publicity. It’s an excellent neighborhood nursery that I’ve used for many years.
BTW, there might be an uglier reason for the old “Pig Town” name once used for eastern PLG/Wingate than the pig farm explanation.
But Tybur, where does the data come from for the categories of “Unemployed – Seeking” “Unemployed – Not Seeking”? The “Unemployed – Seeking” would cover those on UI rolls (if they still get unemployment insurance), and anyone fitting into “Unemployed – Not Seeking” can’t be on UI as actively seeking work is a requirement (and let’s face it, no one is gonna be honest and report that while getting UI they aren’t bothering to look for work.) So again, I have to ask, where do those data pools come from?
Cobble and Snappy —
Unemployment numbers are usually segmented. “First time claims” “Still on UI” “Unemployed – Seeking” “Unemployed – Not Seeking” etc. These are very much data-driven, but if the person is not on the UI rolls, it’s a bit of an art. They use the monthly tax rolls too. In fact, the overall denominator that creates the overall percentage is a bit of an art.
There’s plenty to be cynical about, but when you see overall unemployment rates they (should) include all of these segments.
“fyi – know someone who just rented in the building, and not a hipster. 40 and successful creative person”
What about the poor unsuccessful creative poeple. There’s plenty of those at 40. Where they gonna live huh?
BOD – I have a vague understanding that the disability finding re. working is AFU becuase while you may be disabled in regard to one job, there are a score of other jobs that you can still do. I may be completely wrong about this, however.
34 Berry, 90% rented – huh. last post about this building generated a whopping 48 comments many very negative like:
“By STARGAZER on March 25, 2010 10:37 AM
2400 for a one bedroom is absolutely crazy.
I would rather pay a mortgage for that amount. It is because retarded people will pay these crazy amounts for rent that they stay at these prices. If people would not rent apartments for this money adventually prices would have to drop.
and a studio for 1750, for 1 room. I start to laugh now.”
–Back in the beginning of posting, when i thought people came here to discuss things rationally! hahaha! i said anyone with any money to spare should buy up condos in WB that were hanging around after most had already sold in the building. get a good deal, and then have easy rental income for life.
The psf on the sales end may lag in WB compared to other nabes in gentrified brooklyn, but the rental market is very very strong and will continue to be strong because of the convenient commute to manhattan and the million and one things to do in the neighborhood.
fyi – know someone who just rented in the building, and not a hipster. 40 and successful creative person – fits in the real demographic for people who actually buy condos or rent expensive apts. it’s not 20 somethings with dad’s money.