Jobs Are Only Barely Starting To Trickle Back In New York

But in those two months in 2020, government lockdowns were successful in shuttering all of those gains, and unemployment spiked to 20%.

Denham continued: “New York City has trailed the rest of the U.S. every single month on every single measure. The city lost more jobs and a higher share of its jobs than any other city did, and only Las Vegas has recovered more slowly than New York."

Nationwide, the U.S. added just 266,000 jobs last month. Elena Volovelsky, a labor market analyst for the state Department of Labor, still thinks New York City's rate of recovery lacks the nationwide pace. "In the next few months, the recovery of jobs in hotels and other businesses that cater to tourists could become more robust," she said. "Hotel employment has yet to rebound and remains weak, having lost about 37,000 jobs since last year."

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