NYC Economy: Job Growth Slows, Affordability Concerns
Update: 2025-12-11
Description
New York Citys economy shows mixed signals in the latest report from the NYCEDC. While job growth and low unemployment rates are positive, affordability concerns persist. The city remains attractive to young professionals, with office returns surging. However, job growth is skewed towards lower-wage sectors, contributing to middle-income families exodus to suburbs. Job growth has slowed, mirroring national trends, but the city has largely recovered from the pandemic. The education sector faces job losses and potential funding cuts, posing challenges for major institutions.
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