NYC Is Just 25K Jobs Away From Full COVID Recovery, Study Finds
Even with job losses in April, "the city is now at 99.4 percent of pre-pandemic private sector employment," a new study declared. A new study by the New York City Economic Development Corporation has found that despite a loss of 11,000 private sector jobs in April, the city is now at 99.4 percent of pre-pandemic" private employment levels. The study also noted that subway ridership for subways and buses rose again in April to nearly 71 percent, and that the coronavirus has been eclipsed by other issues, such as an influx of asylum seekers as the top concern for the city's leaders.
Published : 5 days ago by Matt Troutman in
Jobs and public transit ridership in April reached levels seldom seen since the coronavirus struck the city three years ago, according to an economic snapshot released Thursday. Despite a loss of 11,000 private sector jobs that month, "the city is now at 99.4 percent of pre-pandemic" private employment levels, the study by the New York City Economic Development Corporation states.
"While there is still more work to be done, New Yorkers continue to enter the labor force and our residents continue to start businesses—hallmarks of a continuing recovery," the study states. The study is only the latest to hint the city is moving beyond the pandemic's ravages.
New York City has only seen an average of 280 daily cases of COVID-19 for the past week, data shows.
Indeed, the coronavirus has been eclipsed by other issues — notably an influx of asylum seekers — as the top concern for the city's leaders.
New Yorkers appear to be returning to their pre-COVID lives, at least based off MTA ridership data. Ridership for subways and buses rose again in April to nearly 71 percent of pre-pandemic levels, the study noted.
Topics: Coronavirus, Data, NYC