Insights
Whether we’re tracking the evolution and growth of NYC’s economy and neighborhoods, publishing new data and innovative case studies, or analyzing the emergence of new industries, NYCEDC has its finger on the pulse across all five boroughs.
The Economic Research & Policy Group
NYCEDC's Economic Research & Policy (ERP) group performs industry and economic research to provide insights into key policy issues, conducts economic analysis of New York City projects, and tracks economic trends for policymakers and the public. ERP also helps NYCEDC evaluate projects by setting up tools to assess, measure, and report on ideation and results. The team advances high-impact thought leadership on inclusive and innovation-driven economic development.
NYC Economic Snapshot
Our monthly New York City Economic Snapshot assembles and highlights data from key sources that we track most closely in measuring the strength of the city’s economy. This monthly data informs our work here at NYCEDC, and we hope you find it useful to your work as well.
Snapshot Highlights – April 2024
By The Numbers
118
jobs added to the NYC Metro Area in the past year
By The Numbers
7.5
private sector jobs added in NYC in March
NYC is at all-time highs for total and private sector employment, and labor force participation.
By The Numbers
4.9%
unemployment—the lowest since September 2022
By The Numbers
62%
workforce participation rate, a new record high
By The Numbers
118
jobs added to the NYC Metro Area in the past year
By The Numbers
4.9%
unemployment—the lowest since September 2022
NYC is at all-time highs for total and private sector employment, and labor force participation.
By The Numbers
7.5
private sector jobs added in NYC in March
By The Numbers
62%
workforce participation rate, a new record high
Sign up to receive economic reports from NYCEDC or view past reports here.
NYC's Entrepreneurial Ecosystem
From corner retail to startups, New York City's entrepreneurs and small businesses fuel innovation, investment, and job creation—helping to power the city's economy, drive its recovery, and make neighborhoods unique across the boroughs.
Small Business Dynamism in NYC's Economic Recovery
A new report on the role of NYC's small businesses in the city's economic recovery.
Driving the Recovery
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25K small businesses added
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$3.2B in direct economic output
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Powered by growth around the boroughs
Research & Reports