New York City’s 7.6 percent unemployment rate is among the worst of all major US cities as workers drag their feet on returning to Manhattan offices and surrounding businesses are still struggling to recover from COVID-19’s economic pain, economists warn.
While other cities have already roared back from the COVID slump, the Big Apple’s unemployment rate is still double the nationwide average of 3.8 percent, the most recent state and federal data shows.
“New York’s economy is enduring a slower recovery because it is so dependent on the office and entertainment sectors,” Wells Fargo senior economist Mark Vitner told Bloomberg.
“Cities that were quicker to reopen following
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