Research Insights

Read reports, thought leadership, and general news about the city’s economy and industries.
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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 – January 2025

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9
By The Numbers

89.5K

private sector jobs over the pre-pandemic high

Aerial view of the Flatiron Building in New York City. The triangular building is flanked by other high-rise structures, with streets bustling with vehicles and trees visible in the foreground under a clear blue sky.
By The Numbers

1.9%

private sector job growth over the past year

Three people in an office are engaged with computer work. Two are focused on a monitor, while the third is writing on a whiteboard in the background. The atmosphere is collaborative and professional.

New York City reached a record high for private sector jobs and total employment.

A man in a blue patterned shirt smiles while selecting produce in a grocery store. He is reaching for items on a well-stocked shelf with vegetables and fruits, including bananas and peppers. The store has a bright, spacious interior.
By The Numbers

5.5%

unemployment

Aerial view of Manhattan, New York City, featuring the dense skyline including One World Trade Center. The Hudson River and various piers are visible, with a mix of urban and waterfront areas under a clear sky.
By The Numbers

62.6%

workforce participation rate

By The Numbers

89.5K

private sector jobs over the pre-pandemic high

Three people in an office are engaged with computer work. Two are focused on a monitor, while the third is writing on a whiteboard in the background. The atmosphere is collaborative and professional.
By The Numbers

5.5%

unemployment

Aerial view of the Flatiron Building in New York City. The triangular building is flanked by other high-rise structures, with streets bustling with vehicles and trees visible in the foreground under a clear blue sky.

New York City reached a record high for private sector jobs and total employment.

Aerial view of Manhattan, New York City, featuring the dense skyline including One World Trade Center. The Hudson River and various piers are visible, with a mix of urban and waterfront areas under a clear sky.
By The Numbers

1.9%

private sector job growth over the past year

A man in a blue patterned shirt smiles while selecting produce in a grocery store. He is reaching for items on a well-stocked shelf with vegetables and fruits, including bananas and peppers. The store has a bright, spacious interior.
By The Numbers

62.6%

workforce participation rate

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NYC Economic Snapshot

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

Read the Report

Sign up to receive economic reports from NYCEDC or view past reports here.

Aerial view of Manhattan, New York City, showcasing skyscrapers, the Hudson River, and surrounding boroughs. The One World Trade Center is prominently visible, with sunlit buildings and bustling waterways in the foreground.

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

  • Read the full report.

Research & Reports

Panoramic view of the New York City skyline taken from Brooklyn at sunrise showing the boroughs of Manhattan, Brooklyn, Queens and The Bronx as well as the East River.
Banking on Climate: Mortgage Lending for Decarbonization
Christmas shoppers filling the sidewalks of Fifth Avenue with just two days of Christmas shopping before the holiday.
Festive Spending: The Impact of the Holiday Season in NYC
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Academia in New York City
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NYC’s Small Business Recovery
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New York City’s STEM Ecosystem
A woman holding a baby is talking on the phone in a kitchen. The baby has a pacifier and is wearing a hoodie. A steaming pot and sliced fruits are on the counter nearby. The woman wears a headscarf and overalls.
A Crisis for Working Women and Mothers
A row of vintage brick apartment buildings with fire escapes in front. The left building is red, the central one is a darker shade with modern balconies, and the right building is light orange. The sky is clear and blue.
Density and its Effect on COVID-19 Spread
A medical examination room with white cabinets, countertop with various medical supplies, a sink, hand sanitizer, and a stool. An examination table with a paper cover is in the foreground. Various medical tools and protective gear are neatly arranged.
Access to Health Care in NYC: Borough Inequality + the Pandemic Effect
Show thumbnail preview A person in a blue shirt reaches for a prescription bottle on a shelf in a pharmacy. The shelves are filled with various bottles of medication.
Portable Benefits: Unlocking Innovation and Job Mobility
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Access to Credit: How NYC Ranks and What it Means for Resiliency

Get in Touch

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Visit: Economic Snapshot