Make your contribution now and help Gothamist thrive in 2023.New York City continues to bleed jobs in hospitality and retail as U.S. employment levels surpass those from February 2020, with low-income workers and people of color feeling the worst of COVID-19’s lingering economic effects, according to a new report.
U.S. unemployment rates, meanwhile, have largely recovered. The country’s most densely populated city has been left behind largely due to job losses in industries that require in-person work — including restaurants, hotels and construction, according to the report. “A decline of that magnitude is comparable to that in a severe recession, and this was 33 months after the onset of the pandemic,” the report reads. Meanwhile, employment increased in industries with remote work, like finance, insurance and real estate, as well as in the essential workforce, including health care employees.
No wonder - from crime to homelessness to the insane labor laws. And New Yorkers keep electing socialist dopes that destroy the city and the state.
The Democrat Machine owns NY — and is terrible at basic economics. GovKathyHochul and NYSenate have no idea why business is booming in Florida and thus providing growing tax bases as NY dwindles after bailout is spent.