Coronavirus
NYC Faces ‘Deep and Enduring Unemployment,’ Says Report
Nicole Javorsky |
As the third phase of reopening starts next week, an analysis of unemployment data points to a long road ahead for the city’s economic recovery.
As the third phase of reopening starts next week, an analysis of unemployment data points to a long road ahead for the city’s economic recovery.
‘The reality is if you lose even a handful of those billionaires or multi-millionaires, those who have two or three houses somewhere else and can pretty quickly change their legal address and avoid New York taxes, it does have an impact.’
While Andrew Cuomo’s economic record and rhetoric are complicated, Republican challenger Marcus Molinaro largely proposes a familiar menu of tax cuts, regulatory rollbacks and spending restrictions.
“The staggering mismatch in wages and housing costs undeniably demonstrates that we face a human dignity crisis in our urban centers that stems not from the lack of individual self-motivation but from spiraling market misalignments.”
We asked a class of journalism students students to identify what they feel is the most important issue in the election next Tuesday. Here are their (almost completely unfiltered) views.
The five boroughs are outpacing the 50 states when it comes to output, and unemployment rates have fallen for all five boroughs. But there was also a record drop in the number of New Yorkers who are either in a job or looking for one.
An improving job market looks less inviting to those with little education or an inconsistent work history. But there are ways to navigate around those obstacles.
Blacks, Asians and older Americans were more likely to be long-term unemployed. But one’s level of education didn’t affect the risks.
Even 10 years ago, garment-making was still an important source of work for Kelly’s congregation. But then it began to disappear.