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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 – June 2024

By The Numbers


jobs added to the NYC Metro Area in the past year

Colleagues working in an office
By The Numbers


unemployment—the lowest since August 2022

Aerial view of New York skyline on a sunny day with Flatiron building, New York, USA.

NYC is at all-time highs for private sector employment and labor force participation.

Aerial of Brooklyn and Lower Manhattan
By The Numbers


private sector jobs added in NYC in May

Essex Market
By The Numbers


workforce participation rate, a new record high

Fast paced street scene with people walking across a busy intersection on Broadway in Manhattan New York City

NYC Economic Snapshot

This month's full report on NYC’s economy.

Read the Report

NYC's Small Business Recovery

From startups on the cutting edge of innovation to neighborhood retail and restaurants, small businesses not only contribute to the overall size of the city’s economy, they add layers of diversity, enriching our neighborhoods and enhancing our quality of life. 

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