Hacker News new | ask | show | jobs
by dunpeal 2784 days ago
> NYC's economy isn't doing too well? It grew by 2.7% for the second consecutive quarter in 2018.

The economy has been growing at 3.5-4% during this time nationally, so a 2.7% is actually training the national growth by a significant margin.

I don't have have the article handy, but hiring in NYC has been down this year by 3% or so. My unscientific observation is that finance employment in NYC has been in a slow but steady decline since 2008, and unlikely to recover.

1 comments

NYC was already doing better than most of the country economically. NYC recovered from the Great Recession rather quickly compared to much of the rest of the country.
Perhaps in past years. This year, with the lower growth and decline in job numbers, it's been doing worse.