Expert: LI's economic recovery lagging behind nation's

Despite signs that the nation's economic recovery is gaining momentum, experts say Long Island's economy has not been so lucky. The U.S. Department of Labor

HICKSVILLE - Despite signs that the nation's economic recovery is gaining momentum, experts say Long Island's economy has not been so lucky. The U.S. Department of Labor today released its strongest jobs report in nine months. In January, companies added 243,000 jobs and unemployment dropped to 8.3 percent. Economist Dr. Pearl Kamer says those numbers don't reflect what's happening on the Island, where jobs are still being shed. Kamer says manufacturing is driving the nation's recovery but Long Island is a consumer-driven economy. Local consumers have taken a big hit, especially when the high cost of living and decline of home values are factored in. Kamer says she expects the recovery to take the majority of this decade, but adds that Long Island's job market may see significant improvements as early as this year. Strong jobs report sends Dow soaring to highest level since '08

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