The Black unemployment rate in NYC has significantly decreased since 2022, according to a report released today from the NYC EDC.
Mayor Eric Adams, Deputy Mayor for Housing, Economic, and Workforce Development Maria Torres-Springer, and Brooklyn Navy Yard Development Corporation President and CEO Lindsay Greene and AYO Labs founder Francilia Wilkins Rahim.in New York City fell from 10.7 to 7.9% from Jan. 1, 2022, to April 1, 2024, marking the first time since before the pandemic that the rate has fallen to below 8%.
“At the start of our administration, more than 10% of our Black brothers and sisters were unemployed – and as recently as last January, Black New Yorkers were four times more likely to be unemployed than white New Yorkers,” Adams said. “While there’s so much work left to do, the data we’re releasing today shows that our efforts are working.”
“We’ve gotten Black unemployment down to its lowest point since 2019, and we’ve nearly cut the racial employment disparity in half,” Adams said. “But we’re not resting on our laurels – not until we get rid of those disparities and ensure that every New Yorker who wants a job can find one.”
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