Twenty industries have added 113,000 jobs since February 2020, but there are also concerns about job quality; gig jobs are back to pre-pandemic levels
Rise in labor force participation pushes up the city’s unemployment rate; average weekly hours and real wages have fallen for many workers.
Essential and remote-working industry jobs surpass pre-pandemic levels, while employment in face-to-face industries lags by more than nine percent
Labor force participation and employment rates have recovered for the city's women workers, but not men.
Amidst Recession Concerns, Congress Funds Steps Toward Green Job Growth and Economic Recovery
New York City’s young adults are bearing the brunt of the pandemic jobs displacement; the employment rate for young men plunges to 34 percent.
Interest rate increases likely will slow the recovery in the state’s three regions; NYC’s tech industry has 6.4 percent more jobs than pre-pandemic, but lags the nation.
New York City has gained back 100,000 jobs during the first four months of this year but employment in face-to-face industries is still nearly 10 percent below pre-pandemic levels.
Considering recent economic turmoil, three problems are likely to beset the city’s job market for the next year or two.
Recovering industries continue to account for most of the city’s job gains; the number of households turning to public assistance is rising sharply
New York City has recovered 70% of its job loss; some industries are likely to continue lagging. And 15 industries have bucked the trend and increased jobs above pre-pandemic levels.
Even with sizable upward annual employment revisions, New York City’s pandemic jobs deficit remains more than three times the national average
Employment lags significantly in the city’s face-to-face industries, some remote-working industries also lag, and several industries with job gains pay low wages
Probing New York City’s pandemic-era differences in labor force participation and employment by gender, age, and race/ethnicity
New York City’s pandemic jobs deficit stood at 421,000 in December 2021; 15.2 percent Black unemployment in the fourth quarter
New York’s unemployment crisis stands out among all states; job opportunities evaporate for thousands of young city residents
New York State’s Unprecedented Covid-19 Unemployment Crisis Requires a Comprehensive, Immediate Active Labor Market Response
Strong October job growth when Covid-19 infection rates dropped; only a handful of low-paid industries see wage gains despite reports of higher wage offers
New York State’s 875,000 (8.9 percent) jobs deficit is tops in the nation
New Yorkers have received $272 billion in Federal Covid-19 relief funding, but most benefits have run out while a substantial jobs deficit persists.
