NYC May Lose 900,000 Jobs During Lockdown, Comptroller Says
- Workers in hotels, restaurants and retail will be hardest hit
- Stringer’s economic forecast is more dire than the mayor’s
One in five working New Yorkers could lose their jobs by the end of June.
Photographer: Eduardo Munoz Alvarez/Getty Images
This article is for subscribers only.
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.
New York City’s average unemployment rate may triple to 12% this year, higher than the Great Recession, as plunging tax revenue opens an $8.7 billion budget gap, according to city Comptroller Scott Stringer.