New York City’s economic recovery continues to lag the nation’s.
Economy
Posted inSmall Business
New $10 Million Loan Program Aimed at South Bronx Businesses
The new leader of the Bronx Economic Development Corporation found unspent millions from a 1990s federal program.
Posted inLabor
Delivery Workers File Wage Theft Complaints Against DoorDash
The 13 cases submitted in the past week to the city Department of Consumer and Worker Protection fall under a new law requiring weekly payments. Workers say they’ve been unfairly locked out of their accounts.
Posted inPets
Cat-astrophic Crowding Shuts City Animal Shelters to New Arrivals
Animal Care Centers of NYC cites ‘critical capacity issues’ as it grapples with a surge in people giving up pets, many due to financial pressures.
Posted inLabor
Teamsters and UPS Reach Tentative Agreement on Wages and Truck AC, Averting Strike
The agreement, which is pending ratification by union members, is a key step in averting a potential strike by drivers and warehouse workers that likely would have hobbled the U.S. economy.
Posted inEconomy
The Hollywood Strike Could Cost NYC Tens of Thousands of Jobs
Work related to film and television production accounts for some 5% of all jobs in the city.
Posted inRetail
Retail Jobs Vanish Even as Local Economy Recovers
Manhattan has 20% fewer store employees than before the pandemic — and Amazon is a prime reason.
Posted inNew York City
Richard Ravitch, 1933-2023, Friend to NYC and THE CITY
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.
Posted inEconomy
Office Occupancy Breaks 50% — Not So Fast for NYC ‘Doom Loop’
THE CITY’s June economic recovery analysis shows a jump in office usage, and a small boost on job and unemployment figures.
Posted inEconomy, Hotels, Immigration, Migrant Crisis, Shelters
Migrants Find Work and Forge New Networks but Still Live in Hotels and Relief Centers
Asylum-seekers who have been here for many months are helping newer arrivals find jobs and their way, but a paycheck is no guarantee of escaping city shelters.