By: Chris Tobias New York City is grappling with a dual economic challenge: persistent inflation that has driven consumer prices up nearly 22% since 2019, and a job market showing early signs of instability. For working-class New Yorkers, rising costs for essentials like food and transportation are straining household budgets, while the specter of slowing […]
By: Chris Tobias New York City stands at a precarious economic crossroads, contending with stubborn inflation, uneven wage growth, and the first signs of job losses since the pandemic’s recovery period. While national inflation has cooled, the city’s cost of living continues to climb—driven in part by lingering effects of Trump-era tariff policies that disrupted […]
A Message from the Comptroller Dear New Yorkers, As we start the new year, job growth has continued nationwide. That’s true in New York City as well, although local numbers are flatter and lag behind national ones in sectors other than health care and social assistance. The city’s tourism industry has rebounded to pre-pandemic […]
By Rob Book, THE CONVERSATION | Editorial credit: Natursports / shutterstock.com When a young athlete is drafted into the NBA – as 58 players were on June 22, 2023 – it is often seen as a life-changing event. The money makes it so. Salaries for first-round draft picks this year are projected to range from about $2.4 million at the low […]