Weather Alert  

"Coastal Flood Advisory" ...Coastal flood advisory remains in effect from 4 am to 8 am EST Friday... * locations...vulnerable coastal locales along western Long Island Sound. * Tidal departure...3 to 3 1/2 ft above astronomical tides. * Coastal flood impacts...shallow flooding is expected in the most vulnerable locations near the Waterfront and shoreline. Expect around 1 to 2 feet of inundation above ground level in low lying, vulnerable areas. Some roads and low lying property including parking lots, Parks, lawns and homes/businesses with basements near the Waterfront will experience shallow flooding. * Shoreline impacts...breaking waves will result in beach erosion and flooding with minor damage possible to dune structures during the times of high tide. * Timing...around the times of high tide tonight. Precautionary/preparedness actions... A coastal flood advisory indicates that onshore winds and tides will combine to generate flooding of low areas along the shore. Time of high total tides are approximate to the nearest hour. Bridgeport CT MLLW categories - minor 8.9 ft, moderate 10.4 ft, major 11.4 ft mhhw categories - minor 1.6 ft, moderate 3.1 ft, major 4.1 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/05 am 9.2/ 9.7 1.9/ 2.3 3.0/ 3.5 2-3 minor Stamford CT MLLW categories - minor 9.4 ft, moderate 11.0 ft, major 12.4 ft mhhw categories - minor 1.5 ft, moderate 3.1 ft, major 4.5 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/05 am 9.6/10.1 1.7/ 2.2 3.1/ 3.6 2-3 minor New Haven CT MLLW categories - minor 8.6 ft, moderate 9.2 ft, major 10.5 ft mhhw categories - minor 1.9 ft, moderate 2.5 ft, major 3.8 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/05 am 8.6/ 9.1 1.9/ 2.3 3.0/ 3.5 2-3 minor Kings Point NY MLLW categories - minor 10.0 ft, moderate 10.5 ft, major 13.0 ft mhhw categories - minor 2.2 ft, moderate 2.7 ft, major 5.2 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/06 am 9.8/10.3 2.0/ 2.5 3.2/ 3.7 2-3 minor Piermont NY MLLW categories - minor 6.4 ft, moderate 7.4 ft, major 8.4 ft mhhw categories - minor 2.4 ft, moderate 3.4 ft, major 4.4 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/04 am 5.4/ 5.9 1.4/ 1.9 2.7/ 3.2 0 none Old Field NY MLLW categories - minor 9.2 ft, moderate 10.2 ft, major 12.2 ft mhhw categories - minor 1.9 ft, moderate 2.9 ft, major 4.9 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/05 am 9.5/10.0 2.2/ 2.7 3.4/ 3.9 3-5 minor Glen Cove NY MLLW categories - minor 10.1 ft, moderate 11.1 ft, major 13.1 ft mhhw categories - minor 2.2 ft, moderate 3.2 ft, major 5.2 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 16/05 am 9.8/10.3 1.9/ 2.3 3.2/ 3.7 3-5 minor , "Wind Advisory" ...Wind Advisory in effect from 9 PM this evening to 6 am EST Friday... The National Weather Service in Upton has issued a Wind Advisory, which is in effect from 9 PM this evening to 6 am EST Friday. * Winds...northeast 20 to 30 mph with gusts up to 50 mph. * Timing...late this evening and overnight. * Impacts...strong winds may blow down limbs, trees, and power lines. Scattered power outages are expected. Precautionary/preparedness actions... A Wind Advisory is issued when sustained winds of 31 to 39 mph, or gusts of 46 to 57 mph, are expected or occurring. Winds this strong can make driving difficult, especially for high profile vehicles, in open areas, and on elevated roads and bridges. Use extra caution. -- Thursday Nov.15 18,08:19 PM

LIA Monthly Economic Report: LI Unemployment Down, Home Sales Up

LongIsland.com

In his latest economic report, LIA Chief Economist John Rizzo reveals good news for Long Island.

Print Email

As part of its ongoing efforts to strengthen the Island’s economy, the Long Island Association, the region’s premiere business organization, publishes a monthly economic report for the benefit of its members. This month’s report, prepared by LIA Chief Economist John Rizzo, reveals good news for Long Island.

“Falling unemployment and very robust growth in home sales were two of the brightest economic developments on Long Island in October,” Rizzo reported.

With an increase of 25,400 private sector jobs on the Island in October, Long Island exceeded annual jobs growth both in the state (1.5%) and in the nation (2.1%). This increase represents the 41st consecutive month of year‐over‐year jobs growth on Long Island. Rizzo reports that major jobs growth occurred in professional and business services.

Long Island’s unemployment rate fell to 5.9% in October, 2013, down from 7% in October 2012, marking the first time unemployment has been below 6% since before the recession. In Nassau County unemployment fell to 5.7%, a decline from 5.9% in September; and in Suffolk County unemployment dropped to 6.1%, down from 6.2% in September.

Rizzo’ report also reveals that the housing market on the Island experienced “robust growth” in October 2013, far above the national average. In Suffolk County, home sales increased by 46.2%, from 811 to 1,187; and in Nassau County, sales increased by 36.2%, from 812 in 2012 to 1,106 in October 2013.

These increases in sales, however, come with a limited inventory of homes. In October 2013, there were just 9,905 homes listed for sale in Suffolk County and 6,599 listings in Nassau County. Rizzo warns that with these limited inventories, the growth demand could lead to a shortage of homes for sale.

On the other hand, as compared to the number of sales, home sales prices for both counties grew only moderately. Compared to one year ago, median sales prices in Suffolk County grew from $315,000 to $331,145, an increase of 5.1%; and in Nassau County they grew from $394,000 to $420,000, up 6.6 %.

Rizzo’s report, which includes comprehensive findings for both the national and regional labor, consumer, housing and economic markets, can be accessed on the Long Island Association website.

In a statement recently released by the Commerce Dept., Rizzo said, "The substantial upward revision in third quarter GDP, the highest growth rate in two years, provides further evidence of economic recovery. This growth was driven by strong spending on consumer health care as well as recreation-- two key components of Long Island's economy. Thus, Long Island's economy has likely been an important component of this good economic news."

Include your comments below or on our Long Island Living Discussion Forum.

[Source: Long Island Association]