Landing High-Profile Employers Is Nice, But of Little Help to Those Who Need Opportunity The Most
The sky-high cost of housing has understandably been at the top of the list of concerns among the dozens of candidates begging for votes in these final days leading up to the primary election on Sept 12. But as we prepare to head to the polls, voters should also realize that New York is a tale of two cities when it comes to jobs.
From a distance, the jobs picture looks great. The local economy is booming and jobs are being created at a rapid clip, with no recession in sight. The city has a 4.7% unemployment rate, which is lower than last year’s and arguably amounts to full employment.
A string of high-profile companies have announced plans to locate or expand in the five boroughs. . .