New York City Comptroller Scott M. Stringer today released an economic update for the first quarter of 2019, showing that the city’s economy grew 3.0 percent in the first three months of the year. Unemployment remains at historically low levels, even as job growth in the city cooled off slightly. The city’s private sector added 18,000 jobs – an increase of 1.8 percent on a seasonally adjusted annualized basis. While real estate markets remain soft, leading economic indicators point to continued growth.
To read Comptroller Stringer’s Q1 2019 economic update, click here.
