Economic Research & Analysis

April 2011 Economic Snapshot

Highlights

Private employment fell by 300 in February 2011 after an increase of 21,400 jobs in January.
The unemployment rate remained at 8.9 percent between January and February 2011.
The Manhattan hotel occupancy rate in February 2011 was 70.8 percent, down from 75.1 percent in February 2010.
The Manhattan Class A office vacancy rate was 8.6 percent in April 2011, while the average asking rent was $65 PSF.
Passengers in NYC area airports totaled 7.3 million in January 2011, down 1.2 percent from January 2010.

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