The announcement today that 162,000 jobs were added to the workforce in March provides us with a chance to look at the overall economic picture in Brooklyn over the past few years. Here, we give you a small snapshot of what’s gotten worse, what’s gotten better and what’s stayed the same in New York’s best borough.
10.9% |
Unemployment rate in Feb. 2010 |
11.2% |
Projected unemployment rate for January 2010, representing 125,834 people |
4.8% |
Unemployment rate in Feb. 2008 |
123,000 |
Number of unemployed people in Brooklyn in February 2010 |
52,400 |
Number of unemployed people in Brooklyn in February 2008 |
$4.94 million |
Most expensive foreclosed property listed on Trulia, a real estate site |
$100 |
Cheapest foreclosed property listed on Trulia |
3.7% |
Increase in unemployment from 2008-9 — it was at 7% in 2008 and 10.7% in 2009 |
6,984 |
Foreclosures in Brooklyn in 2009 |
23,906 |
Number of Brooklynites employed in construction in September 2009, a 13% decline |
27,467 |
Number employed in construction in September 2008 |
24 |
Number of construction workers who protested about construction unemployment at Borough Hall on Wednesday March 31 |
3% |
Average decrease in Brooklyn apartment rental prices in 2009 |
259 |
Number of stalled construction sites in Brooklyn this month, most commonly in Williamsburg and Greenpoint. 177 number of stalled construction sites in Brooklyn last August. The Department of Buildings started counting in early 2009. |
845 |
Number of bankruptcy filings in Brooklyn in January 2010 |
756 |
Number of bankruptcy filings in Brooklyn in January 2009 |
12% |
Decrease in recycling collection between 2009 and 2010, according to the Sanitation Department which says people are conserving more. |
0 |
Number of students who received scholarship funding at Brooklyn College for 2009 – 2010 |
200+ |
Number of students who received scholarship funding for 2008 – 2009 |
40% |
of subprime loans were made to black homeowners |
26% |
of subprime loans were made to white homeowners |
15% |
Average value lost by a house in Brooklyn in the second quarter of 2009 compared to the same period of 2008 |
163 days |
Average time a house in Brooklyn spent on the market in the last quarter of 2009 |
135 days |
Average time a Brooklyn house spent on the market in the first quarter of 2008. |
Fifth |
The number that Brooklyn, Queens and the Bronx are tied for in the list of the highest number of foreclosures in the tri-state area in 2008 |
40 % |
Percentage of loans made in Brooklyn in 2005 that were subprime |
31 |
Number of foreclosures in the worst-hit neighborhood in Brooklyn in 2008 |
6 |
Number in the worst-hit neighborhood in Manhattan |
40 |
Number of hotel projects in the pipeline in Brooklyn; all are slated to open in 2010 |
1652 |
Liquor licenses issued to Brooklyn businesses in 2008 by the State Liquor Authority |
2502 |
Licenses issued in 2009 |
5,000-7,000 |
Total number of workers the U.S. Census Bureau expects to hire in Brooklyn for the 2010 count |
1,200-1,300 |
Number hired so far |
8,500 |
Number of jobs lost in Brooklyn between 2008-2009, according to the Brooklyn Chamber of Commerce |
$2 billion |
Decline in Brooklynites’ personal income between 2008-2009, also according to the Brooklyn Chamber of Commerce |
1 |
Number of failed banks with branches in Brooklyn. Liberty Pointe Bank has two branches in the borough. |
Brooklyn Torch |
Name of the legal tender created in August 2009 by residents of Greenpoint and Bushwick; still valid as of today |
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