Greg David, THE CITY This article was originally publishedon Mar 17 at 8:21pm EDTby THE CITY Spencer Rubin spent Wednesday waiting for a building inspector at his Melt Shop location on 50th Street between Fifth and Sixth avenues, which he hopes to reopen next month. But Rubin, the co-owner of the 15-shop chain, isn’t just
Tag: Economy
NYC Lost a Record 631,000 Jobs to the Pandemic in 2020. So What’s Next?
Greg David, THE CITY This article was originally publishedon Mar 14 at 8:26pm EDTby THE CITY A year after the pandemic threw New York into turmoil, THE CITY is examining the shaken-up jobs market — including the varying impact on different sectors and evolving predictions of what’s to come. Up first: a look at the
Unemployment Claims Jump as the City’s Budget Picture Grows Bleaker. Can Joe Biden Help Stem a Deeper Pandemic Recession?
Greg David and Rosa Goldensohn, THE CITY This article was originally publishedon Jan 14 at 8:53pm ESTby THE CITY Unemployment claims in New York City have soared in the month since Gov. Andrew Cuomo banned indoor dining due to a rise in COVID-19 cases — a sign of a deepening recession. The numbers came to
Best Hope for NYC’s Economy in 2021: A ‘Transition Year’ With Modest Gains by the Fall
Greg David, THE CITY This article was originally publishedon Jan 10 at 7:19pm ESTby THE CITY In a normal September, world leaders would fly to New York to grab a piece of the spotlight at the opening of the United Nations General Assembly, pumping up to $12 million into the city’s hotels alone. That didn’t
New York sees ‘substantially higher’ percentage of businesses close
By Todd DeFeo | The Center Square/January 8th, 2021 (The Center Square) – A quarter of businesses in New York closed due to a government mandate amid the COVID-19 pandemic, “substantially higher” than other states across the country, according to a new survey from the Bureau of Labor Statistics (BLS). The 25.8% of businesses that closed
NYC Jobs Won’t Bounce Back Until at Least 2024, IBO Says. But State and City Budget Holes Not as Big as Feared
Greg David, THE CITY This article was originally publishedon Jan 6 at 7:01pm ESTby THE CITY While Democratic control of the U.S. Senate raises the prospect of more federal aid for New York, city and state budgets apparently are in far better shape than Mayor Bill de Blasio or Gov. Andrew Cuomo will admit. That’s
