New comptroller numbers suggest City Hall will have to restore several billion dollars to keep retirees’ benefit investments replenished, as stock performance lags projections.
The unemployment rate edged up to 6.2%, but a recession could be around the corner.
Heeding calls from leaders of color, City Hall outlines commitments to promote development and buyer assistance, while seeking to avoid a repeat of the foreclosure crisis.
City comptroller reports estimated income tax payments are down by nearly one-third, driven by sharp drops in Wall Street capital gains.
Hotel occupancy has rebound to near pre-pandemic levels, but jobs in the leisure and hospitality sector remain far below pre-pandemic levels.
Pleading Return to Office Isn’t Getting Traction — But Mixing Where New Yorkers Live and Work Just Might
Economic leaders are grappling toward breakthrough ideas for how to reboot the city for a post-pandemic world. An Adams-Hochul panel promises concrete plans by October.
Tenants jeer jump in regulated rents — which landlords say is necessary to counter inflation but still doesn’t cover rising costs.
It’s yet another troubling sign for the city’s economic recovery, with Black workers disproportionately affected.
Data tracking entries into private office buildings showed a 5% bump in who’s showing up in person for work, a notable boost from the previous week.