A persistent pandemic-driven downturn has caused revenue from business and personal-income taxes to fall in New York City, while tourism and job losses have yet to recover. Source: New York Times
Posts published in “Recession and Depression”
Artists and musicians are getting a new source for aid in the New York State budget.
By Gotham Rex on April 8, 2022
Performers who have been negatively impacted by pandemic regulations will be able to apply for assistance. Source: New York Times
It’s Not Too Late to Discover Louise Meriwether
By Gotham Rex on June 17, 2021
The author, 98, wrote one of the classic novels of Depression-era Black life, “Daddy Was a Number Runner,” and its themes still resonate today. Source: New York Times
After Pandemic, Shrinking Need for Office Space Could Crush Landlords
By Gotham Rex on April 8, 2021
Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities. Source: New York Times
Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal
By Gotham Rex on November 27, 2020
The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million. Source: New York Times
Manhattan’s Office Buildings Are Empty. But for How Long?
By Gotham Rex on September 8, 2020
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes. Source: New York Times
Manhattan Vacancy Rate Climbs, and Rents Drop 10%
By Gotham Rex on August 18, 2020
There were more than 67,300 units available in July across the city as it tries to rebound from the coronavirus outbreak. Source: New York Times
A Million Jobs Lost: A ‘Heart Attack’ for the N.Y.C. Economy
By Gotham Rex on July 7, 2020
While the national jobless rate has rebounded as many states started to reopen, New Yorkers continue to lose jobs and seek benefits. Source: New York Times