Regained Through July; in NYC, 17%
New York State’s job count fell by more than 1.9 million in March and April. Through July, the State had regained 548,000 jobs, or 28 percent, as shown below.
The COVID-19 recession cost New York City 944,100 jobs in March and April, nearly half the statewide total. Since then, the City has regained 161,000, or 17 percent – with most of the gains (101,000) occurring in June.
Throughout New York State and nationally, unemployment rates spiked upward in April. Since then, unemployment has moderated noticeably both for the nation and for the State outside New York City. However, the City’s unemployment rate in July (latest figures available) remained several points above its April level.
For more current highlights on the impact of the COVID-19 pandemic on the State’s finances and economy, visit our web page. Additional topics this week include:
- Small Businesses in New York Hit Especially Hard by COVID-19
- New York State's Budget
The State Comptroller's office is committed to keeping New Yorkers regularly updated on the state's economy and finances.