Research 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 – December 2024
By The Numbers
82.8K
private sector jobs over the pre-pandemic high
By The Numbers
1.9%
private sector job growth over the past year
Broadway attendance and hotel occupancy have recovered to pre-pandemic levels.
By The Numbers
5.4%
unemployment
By The Numbers
62.7%
workforce participation rate
By The Numbers
82.8K
private sector jobs over the pre-pandemic high
By The Numbers
5.4%
unemployment
Broadway attendance and hotel occupancy have recovered to pre-pandemic levels.
By The Numbers
1.9%
private sector job growth over the past year
By The Numbers
62.7%
workforce participation rate
Sign up to receive economic reports from NYCEDC or view past reports here.
Academia in NYC
With more than 100 higher education institutions and a student population of over 503,000—on par with the overall population of Atlanta and far exceeding that of Cleveland and Pittsburgh—universities and colleges are an important part of New York’s economic and physical fabric.
Academia in NYC: Shaping the Future of NYC’s Economy
New York City is a university town
Key Highlights:
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140K+ employed in the higher education sector
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$35B annually in economic impact
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100+ higher education institutions in NYC
Research & Reports
