Economic Research & Analysis

August 2010 Economic Snapshot

Highlights

Private Employment fell by 1,700 in June 2010, after an increase of 1,000 jobs in May.
The unemployment rate fell to 9.5 percent in June 2010 from 9.6 percent in May.
The Manhattan hotel occupancy rate in June 2010 was 89.9 percent, up from 86.7 percent in June 2009.
The Manhattan Class A office vacancy rate was 8.6 percent in July 2010, while the average asking rent was $65 PSF.
Passengers in NYC area airports totaled 9.0 million in May 2010, up 3.1 percent from May 2009.

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