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Politics


BLACK UNEMPLOYMENT RATE DROPS SIGNIFICANTLY IN NYC, NEW ECONOMIC REPORT SHOWS

By Barbara Russo-Lennon Posted on April 26, 2024
Mayor Eric Adams, Deputy Mayor for Housing, Economic, and Workforce Development
Maria Torres-Springer, and Brooklyn Navy Yard Development Corporation President
and CEO Lindsay Greene and AYO Labs founder Francilia Wilkins Rahim.
Michael Appleton/Mayoral Photography Office

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insights delivered straight to your inbox!
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The Black unemployment rate in NYC has significantly decreased since 2022,
according to a report that the city’s Economic Development Corporation (EDC)
released Friday.



The EDC, which releases an economic snapshot for the city each month, reports
that Black unemployment in New York City fell from 10.7 to 7.9% from Jan. 1,
2022, to April 1, 2024, marking the first time since before the pandemic that
the rate has fallen to below 8%.



The dramatic decrease aligns with NYC Mayor Eric Adams’ entire stint in office.
According to the mayor, his administration played a big role in getting Black
New Yorkers back to work due to a variety of efforts launched over the previous
two years. 







“At the start of our administration, more than 10% of our Black brothers and
sisters were unemployed – and as recently as last January, Black New Yorkers
were four times more likely to be unemployed than white New Yorkers,” Adams
said. “While there’s so much work left to do, the data we’re releasing today
shows that our efforts are working.”

One of those efforts includes the JobsNYC initiative, which aims to bring public
and private job opportunities to economically disadvantaged communities, the
mayor’s office explained. The administration also launched a new portal that
connects job hunters to employers in need of staff. 


CUTTING RACIAL EMPLOYMENT DISPARITY

Mayor Eric AdamsNYC Mayoral Photography Unit

Adams also credits his Building Pathways for Young People initiative, which
includes a $600 million young adult action plan that addresses employment
disparities in the Black community, and expanding the city’s Summer Rising and
Summer Youth Employment Programs. 



“We’ve gotten Black unemployment down to its lowest point since 2019, and we’ve
nearly cut the racial employment disparity in half,” Adams said. “But we’re not
resting on our laurels – not until we get rid of those disparities and ensure
that every New Yorker who wants a job can find one.”

But some New Yorkers have criticized the administration’s strategies for
improving job availability, specifically when it comes to reforming the city’s
minimum qualification requirements for entry-level civil service jobs. In June
2023, Adams removed the bachelor’s degree requirement for city jobs.

And in 2022, according to a New York Post article, fitness requirements for the
NYPD were reduced in an effort to hire more cops. 



“If you can’t pass the basic requirements for being a police officer, you
shouldn’t be one,” a cop interviewed for the article said. 


HELPING BUSINESS OWNERS AND NEW LEGISLATION 

Officials from the mayor’s office said the administration is currently
implementing new legislation that will “drive economic mobility for New Yorkers
from economically disadvantaged communities by making sure that our dollars
create jobs here in New York City.”

The city will see a new $25 million “business incubator” at the Brooklyn Navy
Yard, which Adams said will help support minority and women-owned health and
beauty businesses. 



“We want to build real businesses that will have advancement and economic
opportunities for women of color in general and specifically Black women,” the
mayor said at a press conference announcing the project last month. “We came
into office with a clear vision, everything from public safety, revitalizing our
economy and just making the city more livable for everyone, leaving no one
behind.”

The monthly EDC report for April also gave a breakdown of employment by
industry. Although jobs in the natural resources and construction sector are
down, the mayor’s Green Economy Action Plan aims to create nearly 400,000
green-collar jobs that support the environment by 2040, as well as a $1.1
billion LifeSci NYC initiative that includes a research and education campus in
Kips Bay that will create 40,000 jobs over the next 15 years. 

The mayor has also given more than 1,000 businesses over $80 million in capital,
$55 million of which went to minority or women-owned businesses. 

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