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The economy of New York City encompasses the largest municipal and regional economy in the United States. In 2022, the New York metropolitan area generated a gross metropolitan product (GMP) of US$1.4trillion, [3] with a population of 23.6 million people. Anchored by Wall Street in Lower Manhattan, New York City has been characterized as the ...
Expenses. $54.6 billion [ 8 ] The economy of the State of New York is reflected in its gross state product in 2023 of $2.189 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world by nominal GDP.
The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
The U.S. central bank on Wednesday cut interest rates by 50 basis points to the 4.75%-5.00% range, the first reduction in borrowing costs since 2020, which Federal Reserve Chair Jerome Powell said ...
She estimates the Fed will cut rates by 1.25 to 1.5 percentage points before they may pause and take stock of how the level of rates is relative to how the economy is faring.
The New York Federal Reserve's latest poll of consumers found 28.4% of respondents were looking for a job — the highest reading since March 2014 and up from 19.4% a year ago. That includes both ...
U.S. states by net employment rate (% of population 16 and over) 2022 [1] ... New York: 57.7 2.4 41 ... List of U.S. states and territories by unemployment rate; Job ...
Unemployment rate by jurisdiction. Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but ...