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Employers in NYC added 956 private-sector jobs in the first six months of 2025 — that's a 98% drop from the same time a year ago.
For context, NYC added 100,000 jobs every year during pre-pandemic times.
The local data hasn't looked this bad in decades and the US economy isn't even in a recession. In fact, the economic outlook on a national scale is broadly optimistic — the Fed is about to cut rates, unemployment is low, and consumer sentiment is rebounding.
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Employers in NYC added 956 private-sector jobs in the first six months of 2025 — that's a 98% drop from the same time a year ago.
For context, NYC added 100,000 jobs every year during pre-pandemic times.
The local data hasn't looked this bad in decades and the US economy isn't even in a recession. In fact, the economic outlook on a national scale is broadly optimistic — the Fed is about to cut rates, unemployment is low, and consumer sentiment is rebounding.
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