Economic Research & Analysis

June 2010 Economic Snapshot

Highlights

Private Employment rose by 14,500 in April 2010, after an increase of 14,500 jobs in March.
The unemployment rate fell to 9.8 percent in April 2010 from 10.0 percent in March.
The Manhattan hotel occupancy rate in April 2010 was 88.5 percent, up from 85.9 percent in April 2009.
The Manhattan Class A office vacancy rate was 8.7 percent in May 2010, while the average asking rent was $65 PSF.
Passengers in NYC area airports totaled 8.5 million in March 2010, up 3.8 percent from March 2009.

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