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The city has constituted a giant component of the soil that has lost in the middle of the pandemic of the Coronavirus. Donald J. Trump returns to the White House can disappoint this recovery.
By Stefanos Chen
The New York economy resumed life in 2024, with records of record tasks and a tourism almost returned to its peak prior to the response.
But uncertainty clouds the outlook for the new year, as the city braces for potentially dramatic policy changes under President Donald J. Trump, who has promised mass deportations of immigrants, high tariffs and a pullback on federal funding of city and state programs.
And some of New York’s gains, analysts said, belie a widening income gap and an affordability crisis that could worsen under the next administration.
According to a report through the Economic Economic City, of 4. 15 million jobs in the personal sector in New York, there was an average of 4. 15 million jobs in the personal sector in New York, and 83,000 more than the expected peak. The city recovered all the works lost the pandemic in 2023.
The percentage of New Yorkers who had a task or hunt for one, a snapshot of the city’s economic energy called “labor participation,” reached nearly 63%, the highest on record. During the pandemic, the same measure fell to a gap of 52%, said Melissa Pumphrey, the senior vice president of the economic progression group.
“The basic principles of our are strong,” he said. And people, especially young people, need to live here. “
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