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 – January 2025
By The Numbers
89.5K
private sector jobs over the pre-pandemic high
By The Numbers
1.9%
private sector job growth over the past year
New York City reached a record high for private sector jobs and total employment.
By The Numbers
5.5%
unemployment
By The Numbers
62.6%
workforce participation rate
By The Numbers
89.5K
private sector jobs over the pre-pandemic high
By The Numbers
5.5%
unemployment
New York City reached a record high for private sector jobs and total employment.
By The Numbers
1.9%
private sector job growth over the past year
By The Numbers
62.6%
workforce participation rate
Sign up to receive economic reports from NYCEDC or view past reports here.
State of the New York City Economy 2024
An in-depth look at how New York City has navigated a period of transformation
Key Highlights:
-
Record 4M+ private sector jobs in 2024
-
Nearly 500,000 recent college grads choosing to live here since 2021
-
Nearly 65M tourism visits to NYC in 2024
Research & Reports
