Economic Research & Analysis

December 2010 Economic Snapshot

Highlights

Private Employment rose by 14,600 in October 2010, after a decrease of 20,700 jobs in September.
The unemployment rate fell to 9.2 percent in October from 9.3 percent in September 2010.
The Manhattan hotel occupancy rate in October 2010 was 88.7 percent, down from 89.5 percent in October 2009.
The Manhattan Class A office vacancy rate was 8.8 percent in November 2010, while the average asking rent was $65 PSF.
Passengers in NYC area airports totaled 8.6 million in September 2010, up 4.1 percent from September 2009.

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