Youth in NYC Face Double-Digit Unemployment Rate
Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups, according to a report issued by Comptroller DiNapoli. Despite significant improvement in 2023, the city’s youth unemployment rate was higher than the national rate. Black, Hispanic, and Asian youth, especially males, have even higher unemployment rates, with young Black workers at 23.8%, nine points greater than in 2019.
“Young New Yorkers, who tend to work in lower-wage industries, face serious challenges in finding work,” DiNapoli said. “Recent job-cut announcements in retail around the country and potential federal funding cuts to education and workforce development grants may weaken their job prospects even more. These trends are very concerning, and the city needs to continue to prioritize helping young people find jobs to support upward mobility and build the city’s talent pool.”
Comptroller DiNapoli Hosts Irish Heritage Event
Comptroller DiNapoli recently hosted a celebration of Irish heritage and culture at Roosevelt House Public Policy Institute at Hunter College in New York City, where he recognized Helena Nolan for her outstanding service as Consul General of Ireland. He also honored Eddie Boles, Battalion Chief at FDNY and Mike McGuire, Labor Rising CEO for their years of service to the people of New York.
Action Needed on New York's Long-Delayed Adoption of Crucial Next Generation 911
Next Generation 911 (NG911) is a long-promised upgrade to New York’s emergency communications system that would allow photos, voice and video calls and text messaging to be rerouted to other county call centers when major events like natural disasters overwhelm local centers. However, the Division of Homeland Security and Emergency Services, which is the primary agency responsible for overseeing the state’s transition to NG911, is years behind schedule on adopting the required transition plans—and has fallen short in providing counties with needed guidance on moving forward with implementing statewide interoperable communications, according to an audit released by Comptroller DiNapoli.
State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
Comptroller DiNapoli announced that the New York State Common Retirement Fund’s (Fund) investment return was 5.84% for the state fiscal year that ended March 31, 2025. The Fund closed the year with an estimated value of $272.8 billion.
Comptroller DiNapoli and Ulster County DA Nneji: Father and Son Arrested for Stealing $1.2 million in Medicaid Transportation Fraud Scheme
A father and son, both owners of companies providing Medicaid recipients with transportation services in Ulster County, were charged with stealing over $1.2 million by unlawfully billing Medicaid—inflating charges and billing for services never provided, Comptroller DiNapoli and Ulster County District Attorney Emmanuel C. Nneji announced.
Comptroller Thomas P. DiNapoli Statement on Former Avon Police Chief Sentencing
Comptroller DiNapoli released the following statement on the sentencing of the former Avon Police Chief for stealing federal funds:
“This police chief swore to uphold the law but instead used his position to enrich himself at the expense of his community. He was ordered to pay back what he stole, and he paid full restitution, amounting to over $6,000. My thanks to U.S. Attorney DiGiacomo and the FBI for partnering with my office to hold him accountable.”
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