March 15, 2021
A year after the pandemic threw New York into turmoil, THE CITY is examining the shaken-up jobs market — including the varying impact on different sectors and evolving predictions of what’s to come. Up first: a look at the raw numbers behind the pain of the city’s biggest economic downturn since the Great Depression.
The statisticians closed the books Thursday on the jobs lost in New York City in 2020: 631,000, the largest one-year decline since reliable statistics began being compiled after World War II.
The damage has been so great that local experts on the city’s economy see a difficult effort over several years to regain those positions, whose loss has brought pain to legions on top of a