The city has seen an 11.8 percent decline in jobs between February 2020 and April this year, according to data from the Center for New York City Affairs at the New School.
That figure is three times the loss experienced across the United States in total, the data, which was obtained by the New York Times, shows. The country, in total, saw a decline of 4.3 percent in jobs during that same period.
Of the 20 largest cities in the country, San Francisco (10.5 percent) and Los Angeles (10.3 percent) suffered similar job loss declines to New York City.
New York City has seen an 11.8% decline in jobs between February 2020 and April this year, data from the Center for New York City Affairs shows
Philadelphia saw a 9 percent decline in jobs, while Chicago saw a 6.7 percent decline.
The job losses in cities in Texas and Florida, which were still down, were vastly different.
Austin saw a 1.5 percent decline in jobs between February last year and April this year.
In Florida, the city of Jacksonville saw a 1.6 percent decline.
While the US has recovered about two-thirds of the jobs lost since the COVID-19 pandemic broke out, New York City had only recovered 41 percent as of April, according to the data.
It leaves a deficit of more than 500,000 jobs in the Big Apple.
Only San Francisco and Los Angeles have been slower that New York in gaining back the jobs lost during the pandemic.
Ten cities – mostly in the South and Southwest – had already regained more than 70 percent of their pandemic job losses as of April.
While the US has recovered about two-thirds of the jobs lost since the COVID-19 pandemic broke out, New York City had only recovered 41 percent as of April, according to the data
Despite all COVID-19 restrictions being lifted in New York City last week, the toll of the pandemic is still evident with many businesses forced to shut down last year
States like New York and California enforced stricter lockdown measures than others, such as Florida and Texas.
More than 3.5 million Americans were still collecting traditional state unemployment benefits as of last week, according to the latest Labor Department report.
The Labor Department said on Thursday that the number of Americans receiving continued unemployment benefits rose slightly by 1,000 to just over 3.5 million for the week ending June 5.
That figure was at about 19 million around this time last year when the COVID-19 pandemic forced the economy to largely shutdown.
The government said 14.8 million people were receiving some type of jobless aid – including supplemental federal jobless benefits and regular state unemployment aid – during the week of May 29, which is down from 30.2 million a year earlier.
Despite all COVID-19 restrictions being lifted in New York City last week, the toll of the pandemic is still evident with many businesses forced to shut down last year.
While many offices have already started welcoming back employees as New York City reopened, many large firms have pinpointed September as an official return date.
These are how America’s major cities are returning to the office. Dallas has the highest number of staff back in office buildings and San Francisco has the lowest. New York, largely considered the country’s business hub, is 10% under the national average despite having the lowest COVID rates
Data obtained by DailyMail.com shows how each city’s office occupancy has slowly started to recover since last March. Dallas, Austin and Houston were all storming ahead until the start of March when Texas was hit with an energy crisis and power went out across the state. They recovered swiftly but liberal cities like L.A., San Fran, New York and Chicago are all still behind
CEOs want to see their staff in the office full time. 83% answered yes in a recent poll. But 90% of workers want to work from home
Separate data obtained by DailyMail.com has revealed that liberal cities like New York, San Francisco and Los Angeles are slower getting people back to the office than others.
The data was collated by Kastle Systems, a building management company based in Virginia, which has monitored key swipes on 2,600 buildings for 41,000 businesses since last April.
Dallas has the highest number of staff back in person with 49 percent swiping their cards to gain office entry in the second week of June, followed by Austin (48.7 percent) and Houston (47.7 percent).
The national average is 31.5 percent and New York, Los Angeles, San Francisco and Philadelphia are all beneath it.
Only 21 percent of staff in New York City have gone back to the office despite all of the COVID restrictions lifting last week.
Morgan Stanley CEO James Gorman last week was among the first to take a tough stance after warning his staff they had to be back in the office by Labor Day.
San Francisco – a tech hub – has seen just 18 percent of staff return.
Now bosses are facing a power struggle with staff who say they no longer want to come in because they’ve gotten so used to working from home.