Gotham Gazette

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Economy

Economy

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    Mayor Adams at a small business (photo: office of Eric Adams)


    New York City’s wounded economy and the rise and fall of key sectors during the pandemic has heightened pre-pandemic concerns about the match between the labor needs of employers and the skills of hundreds of thousands of jobseekers. Eric Adams made better preparing the city's workforce a major area of focus as he pitched his vision of the city's recovery to New Yorkers in his successful campaign for mayor.

    "We are going to launch an unprecedented job program to link

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    NYC resources for city residents in need (photo: Ed Reed/Mayor's Office)


    As the economic recovery from the covid pandemic continues to change the job market, experts are looking across the Hudson at a new model to get New York City's workforce ready for the leading sectors of the future.

    In June, New Jersey launched Pay It Forward, a bond initiative to fund workforce training programs for good-paying jobs in growing industries as part of an effort to address the lack of short-term education options for low-income residents. Economists and

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    New York City resource fair (photo: Ed Reed/Mayor's Office)


    As New York City government changes land use rules and invests in communities through rezonings, it should make workforce development a key piece of the equation, according to a new report recently released by the Center for an Urban Future and JobsFirstNYC, two non-profit organizations focused on equitable growth in the city. This is especially true, the report says, given the economic impacts of the pandemic, whereby the city is still down roughly 500,000 jobs.

    “Rezonings, which by definition are

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    Workforce development (photo: Michael Appleton/Mayor's Office)


    Invest in Skills New York City, a citywide coalition part of a state group focused on prioritizing workforce development, recently released a report examining how the city’s workforce development funding is spent and issuing recommendations for the next mayor to improve how that work feeds the city’s economic recovery from the devastation of the covid pandemic.

    In ...

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    New York's recovery is happening (photo: Michael Appleton/Mayoral Photography Office)


    New York City was the epicenter of the deadly COVID-19 pandemic as it began in the United States. It recorded its first death from the disease on March 1, 2020. The city’s economy also suffered a massive setback during the lockdown in the early months of the pandemic.

    A full job recovery is still several years away and the major problems that predated covid and persisted through it — poverty, homelessness, affordable housing, unemployment and under-employment — are

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    Federal relief arriving (photo: Michael Appleton/Mayor's Office)


    Despite the coronavirus causing mass death, displacement, and unemployment last year, federal relief staved off the worst of its socio-economic effects and prevented a massive spike in poverty, new Census data revealed this past week.

    While incomes did decline and the national poverty rate increased marginally in 2020, a more expansive poverty measure that accounts for the effect of government programs showed a decrease as millions of people were kept from falling into poverty and

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    Ribbon-cutting and more ahead (photo: Ed Reed/Mayoral Photography Office)


    It'd be foolish to bet against New York City, but a full and robust comeback from the COVID-19 crisis is not guaranteed without bold action. It’s increasingly clear that the city’s recovery isn’t like any other. Companies are delaying return to work plans, the 10.2% unemployment rate is among the highest of any major city in the country, and the rates of joblessness among New Yorkers of color and young adults are particularly alarming. 

    Meanwhile, no other city is coping with

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    New York City youth (photo: Michael Appleton/Mayor's Office)


    The number of young adults who are both out of school and unemployed surged during the pandemic after declining for much of the past decade, a new report from the workforce development organization JobsFirstNYC confirmed.

    The analysis, commissioned by JobsFirstNYC and conducted by the analytics firm Chmura, crunched data from the Census Bureau's Community Population Survey to show 27% of 18-to-24

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  • NYC resource fair growth

    City resources on offer (photo: Ed Reed/Mayor's Office)


    The New York City Inclusive Growth Initiative -- an effort organized by three major nonprofit groups -- this week released a “blueprint” of 50-plus recommendations for the next Mayor and City Council to guide an equitable recovery from the devastating covid pandemic. Noting the propensity for change during times of crisis and the history of disasters like Hurricane Sandy and the

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    At work (photo: icdnyc.org)


    Even before the COVID-19 pandemic struck, the U.S. unemployment rate for people with disabilities was 2.5 times higher than for those without. The pandemic has had a devastating effect on the employment and job prospects for people with disabilities, but New York’s business and nonprofit communities can play a vital role in the economic

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    Hunters Point Community Library in Queens (photo: Michael Appleton/Mayor's Office)


    On Thursday the Center for an Urban Future published a report,  “Blueprint for New York City’s Economic Recovery,” outlining some 250 proposals for the future of the city and drawing upon the ideas of over 175 New Yorkers. A think tank, Center for an Urban Future focuses on securing a robust and inclusive economy.

    The report comes as the city is not only recovering from the devastation of the COVID-19 pandemic but selecting the next class of city government through the ongoing

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    A city resource fair (photo: Benjamin Kanter/Mayoral Photo Office)


    According to the Mayor’s Office, the city experienced a growth of 100,000 jobs from December 2020 to March 2021, and expects to gain 400,000 more to reach a total of 4.5 million jobs by the end of 2021. Even as economic indicators have been headed in the right direction in recent months -- including significant job growth -- amid public vaccination, some easing of

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  • our commercial afford

    (photo: Edwin J. Torres. Mayoral Photo Office)


    New Yorkers know that love of neighborhood is synonymous with love of small businesses. But in 2020, we suddenly learned just how thin the reserves of our shops, restaurants, and bars can be. Many New Yorkers responded by doubling down on that love of local; meanwhile, too many businesses felt deeply let down by their elected officials as they faced mounting rent debt and great uncertainty. And so when small business owners vote in June’s Democratic primary to elect the next mayor, many will be voting

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    Ourdoor dining (photo: @nycgov)


    In March of 2020, COVID-19 brought the pulse of our vibrant city to a devastating halt. New Yorkers were directed to stay in their homes, subways shut down and buses cleared out, offices closed, small businesses shuttered, and the vibrant action stopped in the restaurants that are so essential to our culture and quality of life.

    Now, I may be biased, but I believe that Brooklyn has some of the best food options the city has to offer -- and some of the hardest working service workers, too! So when businesses in

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    Outdoor dining (photo: @NYC_DOT)


    Surviving as a restaurant in New York City was never easy. But more than a year of indoor dining restrictions and the economic ruin of a global pandemic brought many restaurants that were able to hold on to the brink of bankruptcy. That is why we cheered when the city announced the permanent extension of the Open Restaurants program back

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    Robotics and tech ed (photo: Benjamin Kanter/Mayor's Office)


    With more than half-a-million New Yorkers out of work amid a painful economic downturn, the continued growth of tech positions stands out as a beacon of economic recovery. Connecting more residents with these jobs presents an important opportunity for the next mayor to get New Yorkers working again.

    Despite months of grim economic news, tech firms have continued to double down on New York City. Over the past year, companies including Google, Facebook, Apple, Amazon, and Netflix have signed new

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    Workplace dynamics are changing (photo: Philip Kamrass/Governor's Office)


    Three Democratic candidates for mayor of New York City spoke at a forum Wednesday evening about their visions for restoring and enhancing the city's workforce going into the pandemic recovery.

    Eric Adams, Shaun Donovan, and Kathryn Garcia -- all considered among the top eight leading candidates in the competitive primary race and all veterans of New York City government -- discussed how they would harness the city's resources to create quality jobs in the hour-long forum,

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    Resource Fair (photo: Ed Reed/Mayor's Office)


    With the announcement Friday of a $155 million investment in small businesses, including $5.5 million for workforce development programming, Mayor Bill de Blasio staked a foothold along a critical frontier in New York City's pandemic recovery: preparing workers for the changing economy.

    The city's economy was devastated by the COVID-19 pandemic, with the unemployment rate jumping fivefold to a high of over 20% last June. In-person jobs have contracted significantly, especially in hospitality, nightlife, retail, and

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    Stand Up NY


    Laughter brings people joy, something that we’ve been missing for so long in New York thanks to the shutdowns by Governor Andrew Cuomo. We need New York to heal. That’s why I convinced my friend Dani Zoldan, the owner of Stand Up NY, to sue the governor. 

    Prior to this lawsuit, Dani was putting on shows in parks and subway cars. He was working around the mandates imposed on small businesses by the governor and other elected representatives. Dani skirted the law and put on

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    Joe Biden in New York (photo: Kevin P. Coughlin/Office of the Gover nor)


    On a new episode of CUNY TV, host Bob Liff talks with four expert panelists -- former City Planning leader Carl Weisbrod, Assemblymember Amanda Septimo, Laura Nahmias of the Daily News Editorial Board, and Gotham Gazette editor

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    A ribbon-cutting (photo: Michael Appleton/Mayoral Photography Office)


    In this episode, we discuss the issues of the economy and jobs, and key aspects of what candidates in the 2021 New York City elections are considering, should be asked by voters, and more.

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    Construction workers at work (photo: Emil Cohen/City Council)


    As our city stays focused on managing what we hope to be the final chapter of the COVID-19 pandemic, we also need to keep thinking proactively about driving a strong and just economic recovery.

    It’s no secret that in my Brooklyn district and across the five boroughs, there’s a long road ahead. Our official citywide unemployment rate is now hovering around 12%, with the highest jobless rates still in Brooklyn, Queens, and the Bronx.

    A recent report showed that year-to-date filings for new

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    Mayor de Blasio at his September announcement (photo: Ed Reed/Mayor's Office)


    New York City went into partial lockdown in March as the coronavirus ravaged the population, bringing a once booming economy to its knees and leaving the city teetering on the edge. The immense flock of tourists ground to a halt; the flow of suburban commuters reduced to a trickle; an untold number of residents fled the five boroughs; “non-essential” businesses were forced to shutter at least temporarily; and people were told to stay inside but for essentials. Many thousands fell

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    (photo: Michael Appleton/Mayoral Photography Office)


    We’ve all been watching events in Washington, D.C. with horrified amazement and trepidation. 

    Regardless of Washington, New Yorkers have work to do at home. We’ve been living through a pandemic for just about a year. Everyone in New York is aware we face major budget crises at the state and city levels. Resolution of our fiscal problems is one of the biggest

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    Gov. Cuomo during his second 2021 SOTS speech (photo: governor's office)


    In his second of four planned State of the State speeches this week, Governor Andrew Cuomo on Tuesday outlined a plan to revive New York’s struggling economy, get New Yorkers back to work, and to prepare them for jobs that adapt to a post-covid future.

    In his first speech on Monday, Cuomo presented a broad

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