Economic Research & Analysis

April 2010 Economic Snapshot

Highlights

Private Employment fell by 4,500 in February 2010, after an increase of 25,300 jobs in January.
The unemployment rate fell to 10.2 percent in February 2010 from 10.4 percent in January.
The Manhattan hotel occupancy rate in February 2010 was 71.5 percent, up from 67.1 percent in February 2009.
The Manhattan Class A office vacancy rate was 9.1 percent in March 2010, while the average asking rent was $66 PSF.
Passengers in NYC area airports totaled 7.4 million in January 2010, up 2.6 percent from January 2009.

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