Scant recovery for workers in NYC: Young workers see gains, but unemployment worsens for older workers

July 20, 2011. This report, the latest on “The State of Working NYC,” finds several crosscurrents in the first year after the job market bottomed out in NYC. Young workers (ages 16-21 and 22-27) gained in the recovery, contrary to the national trend of decreasing employment rates for these age groups. Unfortunately, older workers too bucked the trend: nationally they made small gains, but in NYC they fared worst of all age groups. While NYC’s job growth outpaced the nation’s early in the recovery, in recent months the city’s job growth has slowed and now lags the nation. Two years after the national recession officially ended, New York still faces soberingly high unemployment and fundamental economic and job market challenges. Press release >> Report >>