New York City added only 2,000 jobs in August and unemployment remains above the national average.
But even as hotels fill and visitors spend needed dollars in Manhattan and beyond, visitors from China are no-shows and investors remain skeptical about the future.
New York City’s economic recovery continues to lag the nation’s.
New York City must compete for a share of the $1.2 trillion national infrastructure pot, with the BQE revamp and electric vehicle charging topping the list.
The new leader of the Bronx Economic Development Corporation found unspent millions from a 1990s federal program.
Work related to film and television production accounts for some 5% of all jobs in the city.
Now that public budgets have been settled, it’s clear they rest on risky assumptions for following years.
The steadfast and outspoken civic leader, who died Sunday, helped save the city and MTA from financial ruin — then went on to make sure journalists understood and covered money in government.
THE CITY’s June economic recovery analysis shows a jump in office usage, and a small boost on job and unemployment figures.
From the Irish potato famine to the 1970s fiscal crisis, immigration has been key to the city’s growth in ways that are playing out again as asylum-seekers arrive.
The forecast for an additional $1.8 billion in revenue has spawned tensions over how much further Adams’ $107 billion financial plan can stretch.
The Black jobless rate of 12.2% is nine times the white unemployment level, a far wider gap than elsewhere in the U.S.
Remote work, a possible recession and higher interest rates spell big trouble for office buildings and tax revenue. One bright spot emerges.
Gov. Kathy Hochul outlines a $229 billion spending plan that leaves many questions unanswered — but helps New York City, from NYCHA to the MTA.
The $106.7 billion executive budget will be negotiated with the City Council, which had previously blasted some of the mayor’s cuts.
Developers and tenant advocates alike say leaders in Albany failed to put muscle into pushing ambitious development proposals, allowing naysayers to win.