Posted 10/30/2023, 9:00:34 AM
NYC's Uneven Economic Recovery Leaves Many Workers Behind
- NYC's economic recovery from the pandemic has been uneven, with lower-paying jobs replacing higher-paying ones
- Median household income in NYC fell nearly 7% during the pandemic, more than other major cities
- Black and Latino workers were hit hardest by pandemic job losses and face higher unemployment
- Manhattan has the nation's biggest income inequality between rich and poor residents
- Job growth celebrated by Mayor Adams uses different data than state figures showing NYC still short of pre-pandemic peak