(ANSA) – NEW YORK, DEC 14 – Unemployment in the United States has dropped to 4.2%, but in New York – long the epicenter of the pandemic – it is at 9.4%, more than double the national average. A figure that suggests how long the road to recovery is still in the Big Apple, where much of the recent decline in the unemployment rate is due to the exit from the workforce of thousands of people.
Covid has closed the city and kicked out tourists for months.
Now New York has returned to turn its lights back on but the scars of the pandemic are deep to heal. The virus has engulfed the city’s growth and employment engines – namely tourism, hospitality and retail – by burning jobs. Currently, fewer than six of every 10 seats lost during the pandemic have been recovered. Nationally, more than nine out of ten have been regained. Before the pandemic, the tourism industry alone occupied 283,000 places in the city: by the end of 2020, a third of those places had been eliminated. (HANDLE).
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Source From: Ansa
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