Economic Data

Read the latest updates on economic data from NYCEDC.

BLOG ENTRY

Thanksgiving in New York City: Parade, Tourism & Shopping

 |  NYCEDC
The Macy's Thanksgiving Day Parade draws 3.5 million enthusiastic visitors to Manhattan, as well as roughly 50 million television viewers. Festivities held over the long weekend have enticed thousands of tourists to visit New York City, boosting business for the city’s 50,000 hospitality workers and 300,000 food and beverage service employees.

BLOG ENTRY

October Sugar High: New Yorkers Love Chocolate & Sour Patch Kids

 |  NYCEDC
Still deciding on treats for Halloween night? According to the sales data from the online retailer Candy Store, the New York State candy favorite is Sour Patch Kids. From 2007-2015, New Yorkers have ordered 198,000 lbs. of Sour Patch Kids on average from the online store in the three months leading up to Halloween. For those who are looking to diversify their candy bowl offerings, the runner-ups were Candy Corn (95,000 lbs.) and Reese's Peanut Butter Cups (39,600 lbs.), indicating a clear favorite in New York.

BLOG ENTRY

State of Manufacturing in New York City

 |  NYCEDC
To celebrate National Manufacturing Day, the Economic Research and Analysis team at NYCEDC looked at trends in the manufacturing industry in New York City. We found that the sector is on the rise, employing over 78,000 workers in 2015, or 2.1% of the city’s private sector employees.

BLOG ENTRY

The NYCEDC Innovation Index: A Closer Look

 |  NYCEDC
The Economic Research & Analysis team updates their Innovation Index in order to quantify and monitor the status of innovation in New York City.

BLOG ENTRY

Feast on Savory Stats: Fourth of July Hot Dog Prices Drop

 |  NYCEDC
How do Americans celebrate Fourth of July? NYCEDC analyzed the Independence Day traditions of everyday Americans to answer this question.

BLOG ENTRY

February Economic Snapshot: Small Businesses in NYC

 |  NYCEDC
Small businesses are a hugely important part of the economy. The Small Business Administration recently cited that over 99.7 % of all employers are small firms across the United States. Small businesses are especially important in NYC, employing approximately 1.7 million individuals as of Q4 2014. Recently, the Center on Urban Future, a NYC think tank, found that just over 90% of all NYC businesses actually had fewer than 20 employees. According to their research, this is a higher percentage than all but one of the 363 metro areas across the United States. This month’s economic snapshot is zooming in on small businesses to review and analyze trends, post-recession growth and ownership demographics in NYC.

BLOG ENTRY

A Closer Look At Bitcoin

 |  NYCEDC
You may have heard of Bitcoin, the entirely digital currency founded in 2009. To better understand the role it might play in our economy, our Economic Research and Analysis team looked at regional trends in VC funding for Bitcoin and blockchain companies.

BLOG ENTRY

December Economic Snapshot: Charitable Giving in NYC

 |  NYCEDC
'Tis the season for giving! As the headquarters for many of the world’s largest foundations, New York State ranks first in the nation in charitable contributions. This month’s economic snapshot looks at the data on charitable donations to shed some light on the giving economy in NYC.

BLOG ENTRY

November Economic Snapshot: New York City Commercial Office Forecast 2025

 |  NYCEDC
The activation of commercial real estate is a critical means toward growing the middle class and advancing 21st century jobs. The November Economic Snapshot looks at commercial office development in New York City.

BLOG ENTRY

October Economic Snapshot: Farmers' Markets in New York City

 |  NYCEDC
The number of farmers' markets in NYC has doubled since 2006. GrowNYC's Greenmarket program operates half of these, making it the nation's largest and most diverse outdoor urban farmers' market network in the country. Read the October 2015 Economic Snapshot to learn more about farmers' markets in New York City.