![]() ![]() As of the third quarter of 2021, New York City is home to 10% fewer jobs than from the start of the pandemic, while Kings County’s jobs were down just 6.1% - meaning the borough’s economy has regained the jobs it lost during the pandemic more quickly than that rest of the city. Spencer Platt/Getty Imagesīut the report revealed that the speed of job recovery in Brooklyn, determined by the change from the first quarter of 2020 employment level, is “ahead” of the five boroughs. Brooklyn was the only borough to experience a decline in its foreign-born population, according to the report. ![]() In Brooklyn, the coronavirus-induced shutdown prompted private sector employment in the second quarter of 2020 to plummet by 145,000 jobs. In that span, the city lost 812,500 private-sector jobs. ![]() Meanwhile, the median household income climbed from $42,150 in 2010 to $66,900 in 2019, the report found.īetween the first and second quarter of 2020 as COVID spread, the amount of private sector jobs fell “slightly,” but increased by the third quarter of 2021, totaling one-half percent above the start of the pandemic. NYC Department of Health and MenĪccording to the report, 84.7% of all Brooklyn businesses in 2019 employed fewer than 10 people. The report revealed that the speed of job recovery in Brooklyn, determined by the change from the first quarter of 2020 employment level, is “ahead” of the five boroughs. There were 1.6% more small businesses in the third quarter of 2021 compared to the start of the pandemic as the number of total businesses of all sizes declined by 5.6%. The borough’s job growth was driven primarily by the “staggering” 109% growth in the hospitality sector, according to the analysis.ĭuring that time period, the number of private-sector businesses in the borough grew by almost 32% “mainly” because of “microbusinesses,” defined as workplaces with fewer than 10 employees. ![]() The report found that from 2010 to 2019, before the coronavirus pandemic hit New York City in March 2020, Brooklyn’s 48% employment growth as it added 216,460 total private-sector jobs outpaced the citywide rate of about 29%. “To help the borough bounce back stronger than ever, we must address long-standing issues, like housing affordability, child poverty and food insecurity,” he added. “As the economy has gradually improved, however, Brooklyn is showing a return to its pre-pandemic job growth. “The pandemic halted Brooklyn’s booming economy in 2020 and exacerbated some existing inequities,” DiNapoli said. Goldman Sachs analyst may have died from peanut allergy, distraught dad saysīrooklyn’s economy has rebounded more quickly from the throes of the COVID-19 pandemic than each of the four other boroughs of New York City, a new analysis has found.Ī 20-page report by state Comptroller Tom DiNapoli released Monday showed that while Brooklyn had reported the highest total number of COVID-19 cases and deaths as of March, the borough regained over 100,000 jobs from the beginning of the city’s reopening to late 2021 - a higher rate than the city as whole. Man busted in fatal stabbing of NYC dad who confronted him for taking photos of cousin: copsīrazen robbery crew steals nearly $13K in jewelry during NYC spree: cops Media ignores Muslim killing of gay man because it doesn’t fit narrative ![]()
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