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New York City’s Uneven Recovery: An Analysis of Labor Force Trends

New York City lags the rest of the State and the nation in restoring pandemic job losses and in rebounding to pre-pandemic levels of unemployment. The recovery has also been uneven, with high-wage economic sectors generally faring better than low-wage sectors. This report aims to understand the main differences in labor force participation among the City’s workers and the reasons for the City’s slow recovery when compared to rest of the State and the nation.

MWBE 2021-2022 Fiscal Year Report, May 2022

The New York State Minority- and Women-Owned Business Enterprise (MWBE) Asset Management and Financial Institution Strategy (Chapter 171, Laws of 2010) was enacted to codify and replicate best practices for providing MWBEs that are asset managers, investment banks and financial and professional service providers with the opportunity to offer services to fiduciary-controlled entities established by New York State law.

DiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force

New York City lags behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in March and April 2020, according to an analysis on the city’s labor force released by New York State Comptroller Thomas P. DiNapoli today. By March 2022, the city recovered just under 71% of jobs lost, while the rest of New York state has regained 82% of jobs. By April 2022, the United States had regained 95%.

DiNapoli: New York City Budget Surplus on Pace to Grow Another $2.4 Billion from April Projections

Strong revenue growth may allow New York City to generate at least an additional $2.4 billion in operating surplus in city fiscal year (FY) 2022 compared to the Executive Budget released in April. However, better-than-projected fiscal performance may be short-lived amid inflation, geopolitical tension and supply chain issues, according to an analysis released today by State Comptroller Thomas P. DiNapoli. DiNapoli urged the city to put a substantial portion of the surplus funds into reserves and protect itself against uncertainty.

State Contract and Payment Actions in April

In April, the Office of the State Comptroller approved 1,190 contracts for state agencies and public authorities valued at $14.1 billion and more than 4.2 million payments worth nearly $12 billion. The Office rejected 100 contracts and related transactions valued at $291.5 million and more than 7,200 payments valued at more than $12.3 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.