People like to write off New York City, and time and again, this city proves them wrong.
It’s never been magic, however — the resurrection of the greatest city in the world has always required grit and ingenuity, backed by its political, business and civic leadership exerting a will to match the moment’s greatest problems.
The labor market is strong, and by this spring, New York’s economy had recovered more than 99 percent of the jobs it lost during the pandemic.
Tourism is booming, and the city expects to receive more than 63 million visitors this year.
Much of that flight appears to be among the city’s wealthiest residents, further weakening its coffers.
Persons:
It’s, — aren't
Organizations:
Times, Citizens Budget Commission, Midtown, Broadway
Locations:
New York City, Tourism, Midtown Manhattan