Economy

The city added 25,000 jobs in April, with a boost from resurgent tourism — but growth remains at half the national rate, while unemployment remains nearly double.
Proposed state-backed banks could help poor New Yorkers get accounts and loans. A lot of Democrats are on board, so why isn’t Andrea Stewart-Cousins convinced yet?
An audit by the agency’s inspector general, launched after a report by THE CITY, found that customers paid “totally indefensible” prices.
A market meltdown will have an outsized impact on the state budget, and job losses in the city’s vital tech sector loom.
The nearly 400-foot towers originally had the backing of Rev. Al Sharpton and the promise of a civil rights museum but was vehemently opposed by local elected officials worried about more gentrification in the area.
From union pay raises to borrowing costs to pension funds, the rising cost of doing business could upend the mayor’s nearly $100-billion spending plan.
Bolstered by higher than expected revenues, the mayor’s city spending plan adds money for a gun crime unit, correction officers, affordable housing, child care and more, while watchdogs urge more savings.
The lifeblood of New York’s economy, small entrepreneurs say they need more assistance and less bureaucratic red tape.
NYC unemployment dropped to 6.5% as the service industry continued to add jobs.
The New York Mets’ billionaire owner has been pushing City Hall for development around his Queens ballpark, possibly including gambling and nature trails.
The new deal between the NY Taxi Workers Alliance and Minnesota’s O’Brien-Staley Partners/OSK came in the wake of pressure from cabbies and Senator Chuck Schumer — and after reporting by THE CITY.
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The Taxi and Limousine Commission has extended a cap on livery car licenses, which industry leaders say could be a final nail in their coffin.
Thousands of private and public sector employees can’t work because of a vaccine mandate, but for the city’s sports and nightlife celebs, it’s game on.
In another sign of recovery, Wall Street bonuses were up 20% over last year.
New technologies and an explosion of remote-work jobs hasn’t stopped the unemployment rate for New Yorkers with disabilities from jumping 10 percentage points since 2019, while funding for support groups has been slashed.
The underground office, which was never easy to find in Rockefeller Center, has been replaced by a smaller one, but the letter-carrying agency is facing obstacles on all sides.
Lauryn Petrie was just getting her life together after a history of abuse and drugs when the pandemic locked down her dreams of stand-up comedy fame. She took her sense of humor to the morgue instead.
Gov. Kathy Hochul seeks to spend an additional $10 billion to help pull New York out of its COVID crisis — sums topped by the legislative leaders she’s negotiating a final deal with. Business leaders warn New York can’t afford extensive new commitments.
New state stats put unemployment at 7.8% for January — with 2021 rates lower than previously stated. But NYC joblessness remains twice the national average.
Creating more employment opportunities that also tackle climate change could be the way to a cleaner and more financially sound future for the city and many of its least privileged residents.
Forno Rosso eatery, backed by Robert Petrosyants, owes nearly $400,000 in unpaid taxes, according to state records.