Economic Research & Analysis

March 2010 Economic Snapshot

Highlights

Private Employment rose by 27,300 in January 2010, after a loss of 14,200 jobs in December 2009.
The unemployment rate fell to 10.4 percent in January 2010 from 10.5 percent in December 2009.
The Manhattan hotel occupancy rate in January 2010 was 68.1 percent, up from 63.1 percent in January 2009.
The Manhattan Class A office vacancy rate was 8.5 percent in February 2010, while the average asking rent was $65 PSF.
Passengers in NYC area airports totaled 8.4 million in December 2009, up 0.3 percent from December 2008.

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