Economic Research & Analysis

May 2010 Economic Snapshot

Highlights

Private Employment rose by 12,700 in March 2010, after a decrease of 2,000 jobs in February.
The unemployment rate fell to 10.0 percent in March 2010 from 10.2 percent in February.
The Manhattan hotel occupancy rate in March 2010 was 81.9 percent, up from 73.5 percent in March 2009.
The Manhattan Class A office vacancy rate was 9.0 percent in April 2010, while the average asking rent was $66 PSF.
Passengers in NYC area airports totaled 6.5 million in February 2010, down 2.2 percent from February 2009.

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