New York City is in the middle of an economic boom, breaking record after record when it comes to creating jobs and opportunity. Just last week, we celebrated
another record high for private-sector jobs in our city, with unemployment falling to 4.8 percent. There is also good news on the equity front, with Black unemployment at its lowest point in half a decade, having decreased by 26 percent since the start of 2022.
For our young people, especially young people of color, we are helping them discover their passion through our Pathways to an Inclusive Economy, Summer Rising, and Summer Youth Employment programs. And our Green Economy Action Plan is building an economy of the future with real pathways to family-sustaining careers.
Over the coming weeks, we will be announcing new projects that will help create thousands of jobs, now and in the future — projects like Like our recently-announced redevelopment at Willets Point in Queens, the Red Hook waterfront project will usher in a transformative new era for the world’s greatest city — and it all starts with jobs. Because a job is more than just a paycheck. Good jobs help us build a sense of meaning and give back to our communities. They are the foundation of strong families and vibrant neighborhoods.
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