Still lagging its peers, New York has recovered only 49% of its lost jobs since the start of the pandemic. Its net job decline of 9.1% from Q1 2020 to Q2 2021 ranks 47th of the top 50 metros. New York is expected to recover all of its lost jobs in Q3 of 2023, later than most. New York is expected to see average annual job growth of 0.5% over the five years to 2027, on par with the expected US job growth rate. Industries expected to contribute to the growth include restaurants and drinking places with 23.4% of the total jobs followed by home health care with 20.6% and education with 14.2%. The finance sector is expected to recover in 2022 but then remain flat through 2025.
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