The city’s workforce has yet to rebound to pre-pandemic times, despite high demand for workers.
Labor force participation, which includes those who are employed or actively seeking work, hit about 3.97 million by late August, according to data from the state Department of Labor. That’s 3.5% lower compared to February 2020, before the pandemic gained a foothold in the U.S. The figure also reflects slightly lower participation than August 2020. The only month that saw a significant monthly increase in the city’s labor force this year was March.
The gap endures in a time when there is high demand for workers. Job postings in the New York-Newark-Jersey City metro
→ Continue reading at Crain's New York Business