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New York City Unemployment Keeps Getting Worse

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New York City Unemployment Keeps Getting Worse

New York Post December 14, 2021
Urban PolicyNYC
EconomicsEmployment

NYC now ranks near dead last in the country for its jobs recovery during the pandemic.

New York City is a jobs killer. Gotham now ranks near dead last in the country for its jobs recovery during the pandemic. America’s already regained 90 percent of its lost jobs — New York City, just six in 10. Unemployment is double the national average. And it gets worse: Many New Yorkers are leaving the workforce for good. 

It’s time to get back to normal before it’s too late. 

The pandemic took a big bite out of the Big Apple. The city lost 1 million jobs last year. Thousands of businesses closed their doors. And New York state as a whole was hardly better, with the worst employment deficits in the country. People-facing industries — from Broadway to hotels and retail — suffered the most. The rate of New Yorkers fleeing the city for good more than tripled on net during the pandemic. 

Continue reading the entire piece here at the New York Post

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Michael Hendrix is the director of state & local policy at the Manhattan Institute.

Photo by Alex Potemkin/iStock

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