Jobs
As an entrepreneur who created an information technology start-up that grew into a global business with nearly 20,000 employees, Mike Bloomberg positioned New York City to lead the innovation economy of the future. As a result of his leadership, New York City escaped the worst effects of the national economic downturn and far outpaced the nation in job growth after the recession.
Highlights
- NYC went into the national recession later than the rest of the country and came out sooner and stronger.
- From the end of the national recession through 2013, NYC gained back 327% of the jobs lost, while the country as a whole gained back only 87%.
- There were a record number of private sector jobs in NYC, and the majority of the jobs were created outside of Manhattan, reversing a historic trend.