New York’s ever-faster economic deathBy NY Post Editorial Board
March 29, 2022
New York is the worst state in the mainland US when it comes to recovering our pandemic job losses. Blame the bungled handling of the pandemic, which crushed the city and state economies
With 454,000 jobs still missing post-pandemic, New York is facing a 4.1% employment deficit. New York City drives that number, with almost 283,000 fewer jobs than in February 2020. That’s close to a 7% deficit.
And, yes, it’s a New York-specific problem. The nation overall has recovered most jobs lost since COVID hit, down just 1.1%
It wasn’t a lack of help: The state took in close to $270 billion in COVID aid from the feds.
And some states have actually seen job growth. Florida’s total jobs have grown 3.4% since spring 2020; it now has more private-sector jobs than New York (and a good bunch came from New York). Texas saw a 2.9% jump. Neither state took the Cuomo-de Blasio “lockdowns and mandates” approach.
On top of the “why live there?” price for shutdowns and school closures, the city and state have failed to get a handle on crime. Why would anyone want to hire in a city where workers don’t feel safe and can’t come in if not vaccinated? Why shop in a state where high taxes are the No. 1 reason people give for fleeing?
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Source:
https://nypost.com/2022/03/29/new-yorks-ever-faster-economic-death/
