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After heavy New York State spending, experts warn of deficits

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BBCNEWS World Business Report June 4, 2024 05:33:00

contributing to america s labour shortage. all across the country, businesses are struggling to find workers a problem that s particularly acute here in new york. at one point the epicentre of america s covid i9 outbreak, the state s economy still hasn t fully healed. the share of workers participating in the workforce lags the rest of the nation something that should concern us all, according to the new york state deputy comptroller maria doulis. it s important for vibrant communities to have a high rate of labour force participation, and that helps filljobs, provide services, keep communities and economies very vibrant. and so keeping an eye on the labourforce participation rate and the size of the labour force is really important for the long term economic and fiscal prosperity of new york and the nation. according to one study, long covid could cost the united states $3.7 trillion in lost earnings, reduced quality of life,

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