1、State of the New York City Economy2024STATE OF THE NEW YORK CITY ECONOMY 2024/2Letter from the President&CEO.5Executive Summary.71.Macro Trends.11 Macro Conditions at an Inflection Point.11 Lower Inflation and Interest Rates.122.Labor Market.14 Job Growth.14 Labor Force Participation and Unemploymen

2、t.16 Race and Gender.17 Wages.193.Key Industries.22 Finance.22 Tech.23 Green Economy.25 Life Sciences.27 Healthcare and Social Assistance.28 Academia and Higher Education.28 Economic Diversification.294.Income Inequality.31ContentsSTATE OF THE NEW YORK CITY ECONOMY 2024/35.Housing.36 Housing Landsca

3、pe.36 An Undersupply of Housing.37 Affordability and a Housing Emergency.40 The Role of Regulation.41 Policy Landscape.436.Business Formation,Entrepreneurship,and Investment.44 Recovery and Changing Characteristics.44 Diversifying Entrepreneurship.47 Investment.497.Remote Work,Mobility,and Commercia

4、l Real Estate.55 Remote and Hybrid Work.55 Mass Transit and Mobility.57 Commercial Real Estate.60 Leasing Trends.61 Global Comparisons.63 Path Ahead&Policy Tools.638.Retail and Storefronts.66 Retail Employment in NYC and Nationally.66 Storefront Vacancy and Shift to Bars and Restaurants.69 A New Nor

5、mal.719.Population and Migration.73 New York Citys Foreign-Born Population.76 Attracting Young Talent.7710.Tourism.79 Economic Importance.79 Transportation.79 Accommodations.8011.Conclusion.8112.Benchmarking New York City:A Comparative Analysis of Global Cities and Other Major US Cities.8213.Endnote

6、s.86STATE OF THE NEW YORK CITY ECONOMY 2024/4STATE OF THE NEW YORK CITY ECONOMY 2024/5Letter from the President&CEOFellow New Yorkers,New York City is at record-high employment.Were the top destination in the country for young talent,with twice as many new graduates choosing us over number two,Los A