Business & Tech

NYC Is Just 25K Jobs Away From Full COVID Recovery, Study Finds

Even with job losses in April, "the city is now at 99.4 percent of pre-pandemic private sector employment," a new study declared.

A 'now hiring' sign is displayed in a window of a store in Manhattan on Dec. 2 in New York City.
A 'now hiring' sign is displayed in a window of a store in Manhattan on Dec. 2 in New York City. (Spencer Platt/Getty Images)

NEW YORK CITY — New York City is just 25,000 jobs shy of a full recovery from the COVID-19 pandemic, a new study found.

Jobs and public transit ridership in April reached levels seldom seen since the coronavirus struck the city three years ago, according to an economic snapshot released Thursday.

Despite a loss of 11,000 private sector jobs that month, "the city is now at 99.4 percent of pre-pandemic" private employment levels, the study by the New York City Economic Development Corporation states.

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"While there is still more work to be done, New Yorkers continue to enter the labor force and our residents continue to start businesses—hallmarks of a continuing recovery," the study states.

The study is only the latest to hint the city is moving beyond the pandemic's ravages.

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New York City has only seen an average of 280 daily cases of COVID-19 for the past week, data shows.

Indeed, the coronavirus has been eclipsed by other issues — notably an influx of asylum seekers — as the top concern for the city's leaders.

New Yorkers appear to be returning to their pre-COVID lives, at least based off MTA ridership data.

Ridership for subways and buses rose again in April to nearly 71 percent of pre-pandemic levels, the study noted.

And that has only continued — the MTA counted 4.09 million paid subway rides May 17, a record high since the pandemic, officials said.

Read the full economic snapshot here.


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