I just got home and received the monthly e-mail from the New York State Department of Labor. During the annual re-benchmarking process, during which employment statistics for the past are adjusted based on more detailed data that has become available, New York City private employment was adjusted upward by a stunning amount. In fact, if the data holds up to later adjustments, annual average private wage and salary employment in the city would have been within 12,000 jobs of the all time peak in 1969. (Including the self-employed, that peak was passed some time ago).

Which just goes to show what I have come to believe. New York City's economy is no longer very dependent on Wall Street. It is New York's tax base, and the extent to which city and state residents are socked with tax increases and service cuts, that is dependent on Wall Street.

This morning I published an article in which I disapproved of an ad run by the Democratic Senate Campaign Committee (DSCC) which condemned State Senate candidate David Storobin for publishing on his law firm’s website a laundry list of Federal crimes for which the firm provided representation.

I thought yesterday of John Duane.