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Comptroller DiNapoli: NYC Lags State, U.S. in Jobs Recovery 

New York City lags behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in March and April 2020, state comptroller Thomas DiNapoli said Tuesday.   

By March 2022, the city recovered just under 71% of jobs lost, while the rest of New York State had regained 82%. By April 2022, the U.S. had regained 95%. The city’s unemployment level stands at 6.5%, compared to 4% statewide and 3.4% nationally. 

Although the long-term unemployment gap between the city and the U.S. was widest in March 2021, it remains wide at 36% citywide versus 24% nationally. 

“New York City suffered heavy job losses from the shock of the pandemic shutting down many businesses in early 2020, and it has not fully regained these jobs,” DiNapoli said. “The recovery is also uneven and unequal among the workforce, particularly with demographic groups and lower-income workers.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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