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NYC Recovers Nearly All Jobs Lost During COVID-19 Economic Crisis, But Inequality Persists

The city of NY has recovered practically all jobs that were lost during the economic crisis caused by the pandemic COVID-19according to the figures released by the Mayor’s Office and reported today by the local media.

Between March and April 2020, at the most serious moment of the infections and when the closure of businesses, factories and offices was general, 928,000 jobs were lostwhich thirty months later have been recovering.

Last September, for example, 23,000 new jobs -the highest figure so far this year-, with which the city is already very close to recovering the 4.7 million jobs that existed in February 2020 and that already then constituted historical record.

At the moment, the number of jobs is only 5,000 away from reaching that record.

Mayor Eric Adams has attributed this creation of jobs to the bureaucratic facilities that his administration has implemented for small businesses.

“No one wanted to do business in New York because (city) agencies weren’t focused on making it easier, and we’ve changed some basic rules so people can navigate government more easily.”Adams said.

It is striking that the creation of these jobs occurs despite the difficulty that exists at the federal level in obtaining a work permita fact that has been repeatedly denounced by businessmen to, for example, be able to employ the emigrants who arrive incessantly to the city.

The figures that Mayor Adams has boasted about in recent hours hide other less brilliant realities: The City newspaper recalls today that the inequality continues to grow and New York is the most unequal city in the countryfollowed by Los Angeles, Chicago and Houston.

In fact, Inequality has grown between 2019 and 2022 more than in any other of the country’s ten large citiesaccording to the Gini index that measures this phenomenon.

2023-10-20 22:34:00
#recovers #jobs #lost #pandemic

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