Our Growing, Thriving City
New York City continues to experience historic population growth and economic prosperity. Driven by an increase of 500,000 residents since 2010, the city has not witnessed this pace of growth in over 50 years. The local economy has kept pace and, in February 2018, hit a record low unemployment rate of 4.2 percent—the lowest since NYS Department of Labor data became available in 1976. The administration continues to craft policies that leverage this growth to combat inequality through customized economic development strategies aimed at sectors with high wages and job potential, expanded workforce development programs, and enhanced support for small businesses. Going forward, the administration will continue implementing the 2017 New York Works plan, a series of 25 initiatives to spur 100,000 jobs with good wages over the coming decade.