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 – June 2024
By The Numbers
144K
jobs added to the NYC Metro Area in the past year
By The Numbers
4,600
private sector jobs added in NYC in May
NYC is at all-time highs for private sector employment and labor force participation.
By The Numbers
4.8%
unemployment—the lowest since August 2022
By The Numbers
62.3%
workforce participation rate, a new record high
By The Numbers
144K
jobs added to the NYC Metro Area in the past year
By The Numbers
4.8%
unemployment—the lowest since August 2022
NYC is at all-time highs for private sector employment and labor force participation.
By The Numbers
4,600
private sector jobs added in NYC in May
By The Numbers
62.3%
workforce participation rate, a new record high
Sign up to receive economic reports from NYCEDC or view past reports here.
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.
NYC’s Small Business Recovery: Patterns of Growth in a Changing Economy
Total small businesses in NYC reached a new high, but their characteristics have changed
Driving the Recovery
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33K small businesses added during recovery
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1K+ more small businesses than 2019
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Powered by growth around the boroughs
Research & Reports