New York’s Economy and Finances in the COVID-19 Era (November 12, 2020)
Total employment in New York State fell in March, and again—much more sharply—in April, with a combined loss of more than 1.9 million jobs.
New York State
New York’s Economy and Finances in the COVID-19 Era (October 28, 2020)
New York State’s unemployment rate dropped to 9.7 percent in September, marking the first time the rate has been below 10 percent since the beginning of the COVID-19 pandemic.
New York’s Economy and Finances in the COVID-19 Era (October 14, 2020)
While all states have lost employment since the COVID-19 pandemic struck earlier this year, New York surpasses almost every other in both number and percentage of job losses.
New York’s Economy and Finances in the COVID-19 Era (September 30, 2020)
Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer a disproportionate share of job losses statewide and especially in New York City.
New York’s Economy and Finances in the COVID-19 Era (September 2, 2020)
While New York State has regained more than one in four of the jobs it lost in March and April, the unprecedented scale of losses due to the COVID-19 pandemic leaves a daunting path ahead for the State to climb back to pre-recession employment levels. For New York City, the picture is even more troubling.
New York’s Economy and Finances in the COVID-19 Era (August 19, 2020)
New York State’s total employment count hit an all-time high of more than 9.8 million in February, reflecting net gains of nearly 2 million jobs since April 1996.
New York’s Economy and Finances in the COVID-19 Era (August 5, 2020)
Nearly three-quarters of New York State small businesses received assistance in recent months through the federal government’s Paycheck Protection Program (PPP), according to Census Bureau survey data for the week ending June 27.
New York’s Economy and Finances in the COVID-19 Era (July 22, 2020)
Approved payments to New York recipients for Unemployment Insurance totaled $32.1 billion from March 1 through July 17, with steep increases in payments following the onset of the pandemic.
New York’s Economy and Finances in the COVID-19 Era (July 9, 2020)
As was widely reported, New York’s unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in February. But that rate is only one measure of the impact of lost jobs.
2020 Financial Condition Report
The 2019-20 fiscal year brought the convergence of two dramatically different periods to New York State. The nation’s longest recorded economic expansion continued to generate overall job growth through most of the fiscal year before finally ending in February, as the COVID-19 pandemic forced severe limits on business activity and significantly impacted the State’s economy.