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.”
- ◦Economy
