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Economic Updates

Bi-weekly publication by:

Latest Economic Updates

Economic Updates
Income Polarization Redux: NYC’s Wage Gains (Again) Flow to the Top

June 9, 2026
Economic Updates
Using the Pension Fund to Close the City’s Budget Gap

May 21, 2026
Economic Updates
In NYC, Waymo Comes to a Stop. What’s Ahead for Driverless Cars?

May 14, 2026

All Economic Updates

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Economic Updates
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Income Polarization Redux: NYC’s Wage Gains (Again) Flow to the Top

Mohamed Obaidy
·
June 9, 2026
Economic Updates
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Using the Pension Fund to Close the City’s Budget Gap

David A. Lee
·
May 21, 2026
Economic Updates
No items found.
In NYC, Waymo Comes to a Stop. What’s Ahead for Driverless Cars?

Jaylexia Clark
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May 14, 2026
Economic Updates
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Officially, NYC Lost 20k Jobs During 2025. Actually, We Gained Just About That Many.

‍James Parrott and Jaylexia Clark
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April 28, 2026
Economic Updates
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How Slow Job Growth and Trump Policies Portend Deeper Inequality in New York

Lauren Melodia and Audrey Jenkins
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July 31, 2025
Economic Updates
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With Inflation, Tight Credit, and Unease About Presidential Politics, New York’s Job Growth Is in a Holding Pattern With Inflation, Tight Credit, and Unease About Presidential Politics, New York’s Job Growth Is in a Holding Pattern

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July 1, 2025
Economic Updates
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A U.S. trade war is likely to harm New York City’s recovering economy

Mohamed Obaidy
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May 23, 2025
Economic Updates
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Calm before the storm: Upward New York City job, labor force, and population revisions for 2024, but economic turbulence ahead

James A. Parrott
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April 10, 2025
Economic Updates
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State and Federal Education Policy Changes Weigh Heavily on New York City’s Education System

Prisca Ogombe and Lauren Melodia
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March 27, 2025
Economic Updates
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While the Top Three Percent of Wage Earners Get Richer, New York City’s Low Wage Workers Risk Greater Poverty.

Mohamed Obaidy
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February 27, 2025
Economic Updates
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The Pandemic’s Aftermath: A Lingering Jobs Decline For NYC’s Shrinking, Beleaguered Middle Class

Mohamed Obaidy
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October 29, 2024
Economic Updates
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Claims that Immigrants 'Take Jobs' from Others Don't Hold Water in NYC

Lauren Melodia
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August 6, 2024
Economic Updates
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Working but Not Thriving: Job Growth and Poverty in NYC Both Above National Rates, Latest Figures Show

Lauren Melodia
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July 26, 2024
Economic Updates
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NYC job growth again in line with national pace; record NYC labor force participation; but a mixed picture for sectors where undocumented migrants tend to work

James A. Parrott
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April 25, 2024
Economic Updates
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Strong January job gains and a surprisingly large array of annual benchmark employment revisions

James A. Parrott
·
March 18, 2024
Economic Updates
Poverty & Systemic Inequalities
NYC Economy
New York City ended 2023 with slow job growth; Employment rates surpassed pre-pandemic levels for Black and white (but not Hispanic) workers

Lauren Melodia
·
February 4, 2024
Economic Updates
Human Services & Childcare Workforce
Low-Paid Work, Independent Contractors & Labor Standards
Poverty & Systemic Inequalities
How the Rise in Care Work Intensifies New York’s Gender Income Inequality

Robert Noble
·
December 7, 2023
Economic Updates
Budget Analysis & Tax Policy
Poverty & Systemic Inequalities
NYC Economy
While New York City’s economy is back to pre-pandemic job levels, rising public assistance demand highlights the need for State and City action to increase income for city residents

Lauren Melodia
·
November 2, 2023
Economic Updates
Poverty & Systemic Inequalities
NYC Economy
Workforce Development
New York City’s labor force participation has largely recovered, but out-of-school/out-of-work rates are higher, particularly among young Black New Yorkers

Emil Mella Pablo
·
September 21, 2023
Economic Updates
Poverty & Systemic Inequalities
NYC Economy
Pandemic wage gains in New York City’s high-wage industries outpace gains for low- and middle-wage industry workers

Lauren Melodia
·
August 24, 2023
Economic Updates
NYC Economy
Workforce Development
Jobs in private sector close to pre-pandemic levels, alongside a shrunken public sector and shifts in the city’s industry composition

Lauren Melodia
·
June 22, 2023
Economic Updates
Poverty & Systemic Inequalities
Cash Assistance rolls have risen sharply in New York City as a result of the uneven employment recovery and the end of various forms of pandemic economic assistance

James A. Parrott
·
May 11, 2023
Economic Updates
Poverty & Systemic Inequalities
NYC Economy
Although unemployment has fallen in New York City, the last year has seen a sharp divergence in White and Black unemployment rates

Emil Pablo and James A. Parrott
·
April 27, 2023
Economic Updates
Low-Paid Work, Independent Contractors & Labor Standards
Poverty & Systemic Inequalities
NYC Economy
NYC job growth slows and layoffs rise as national economic outlook weakens; NY’s unemployment safety net ill-prepared if unemployment rises

James A. Parrott
·
April 13, 2023
Economic Updates
Low-Paid Work, Independent Contractors & Labor Standards
Poverty & Systemic Inequalities
How Forced Arbitration & Non-Competes Tip Justice’s Scales Against Workers

L.K. Moe and Sally Svenlen
·
March 30, 2023
Economic Updates
NYC Economy
New York City’s job growth shrinks further in January, but the annual employment revision reveals an overall increase and significant changes for several industries

Emil Pablo and James A. Parrott
·
March 16, 2023
Economic Updates
Low-Paid Work, Independent Contractors & Labor Standards
NYC Economy
Workforce Development
Recent NYC job growth concentrated in low- and moderate-wage industries; long-term employment growth prediction suggests job quality should be a top policy priority

·
February 23, 2023
Economic Updates
Low-Paid Work, Independent Contractors & Labor Standards
NYC Economy
Workforce Development
Twenty industries have added 113,000 jobs since February 2020, but there are also concerns about job quality; gig jobs are back to pre-pandemic levels

James A. Parrott
·
October 6, 2022
Economic Updates
Low-Paid Work, Independent Contractors & Labor Standards
Poverty & Systemic Inequalities
Workforce Development
Rise in labor force participation pushes up the city’s unemployment rate; average weekly hours and real wages have fallen for many workers.

James A. Parrott
·
September 22, 2022
Economic Updates
NYC Economy
Essential and remote-working industry jobs surpass pre-pandemic levels, while employment in face-to-face industries lags by more than nine percent

Emil Mella Pablo
·
September 8, 2022
Economic Updates
Poverty & Systemic Inequalities
NYC Economy
Workforce Development
Labor force participation and employment rates have recovered for the city's women workers, but not men.

L.K. Moe and James A. Parrott
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August 18, 2022
Economic Updates
Budget Analysis & Tax Policy
NYC Economy
Workforce Development
Amidst Recession Concerns, Congress Funds Steps Toward Green Job Growth and Economic Recovery

Lauren Melodia
·
August 4, 2022
Economic Updates
Low-Paid Work, Independent Contractors & Labor Standards
Poverty & Systemic Inequalities
NYC Economy
New York City’s young adults are bearing the brunt of the pandemic jobs displacement; the employment rate for young men plunges to 34 percent.

James A. Parrott
·
July 21, 2022
Economic Updates
NYC Economy
Interest rate increases likely will slow the recovery in the state’s three regions; NYC’s tech industry has 6.4 percent more jobs than pre-pandemic, but lags the nation.

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June 16, 2022
Economic Updates
NYC Economy
New York City has gained back 100,000 jobs during the first four months of this year but employment in face-to-face industries is still nearly 10 percent below pre-pandemic levels.

James A. Parrott
·
June 2, 2022
Economic Updates
NYC Economy
Considering recent economic turmoil, three problems are likely to beset the city’s job market for the next year or two.

James A. Parrott
·
May 12, 2022
Economic Updates
Poverty & Systemic Inequalities
NYC Economy
Recovering industries continue to account for most of the city’s job gains; the number of households turning to public assistance is rising sharply

James A. Parrott
·
April 21, 2022
Economic Updates
NYC Economy
New York City has recovered 70% of its job loss; some industries are likely to continue lagging. And 15 industries have bucked the trend and increased jobs above pre-pandemic levels.

James A. Parrott
·
April 7, 2022
Economic Updates
NYC Economy
Even with sizable upward annual employment revisions, New York City’s pandemic jobs deficit remains more than three times the national average

James A. Parrott
·
March 24, 2022
Economic Updates
NYC Economy
Low-Paid Work, Independent Contractors & Labor Standards
Employment lags significantly in the city’s face-to-face industries, some remote-working industries also lag, and several industries with job gains pay low wages

James A. Parrott
·
February 24, 2022
Economic Updates
NYC Economy
Poverty & Systemic Inequalities
Probing New York City’s pandemic-era differences in labor force participation and employment by gender, age, and race/ethnicity

James A. Parrott
·
February 10, 2022
Economic Updates
NYC Economy
Poverty & Systemic Inequalities
New York City’s pandemic jobs deficit stood at 421,000 in December 2021; 15.2 percent Black unemployment in the fourth quarter

James A. Parrott
·
January 27, 2022
Economic Updates
NYC Economy
Workforce Development
New York’s unemployment crisis stands out among all states; job opportunities evaporate for thousands of young city residents

James A. Parrott
·
January 13, 2022
Economic Updates
NYC Economy
Workforce Development
New York State’s Unprecedented Covid-19 Unemployment Crisis Requires a Comprehensive, Immediate Active Labor Market Response

James A. Parrott
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January 13, 2022
Economic Updates
NYC Economy
Low-Paid Work, Independent Contractors & Labor Standards
Strong October job growth when Covid-19 infection rates dropped; only a handful of low-paid industries see wage gains despite reports of higher wage offers

James A. Parrott
·
December 2, 2021
Economic Updates
NYC Economy
Workforce Development
New York State’s 875,000 (8.9 percent) jobs deficit is tops in the nation

James A. Parrott
·
November 18, 2021
Economic Updates
NYC Economy
Poverty & Systemic Inequalities
Budget Analysis & Tax Policy
New Yorkers have received $272 billion in Federal Covid-19 relief funding, but most benefits have run out while a substantial jobs deficit persists.

James A. Parrott
·
November 4, 2021
Economic Updates
NYC Economy
Workforce Development
Low-Paid Work, Independent Contractors & Labor Standards
It’s clear that most of the half-million unemployed New York City workers are not jobless by choice.

James A. Parrott
·
October 21, 2021