Economic Research & Analysis

October 2010 Economic Snapshot

Highlights

Private Employment rose by 6,300 in August 2010, after an increase of 27,800 jobs in July.
The unemployment rate remained at 9.4 percent between July and August 2010.
The Manhattan hotel occupancy rate in August 2010 was 90.0 percent, up from 87.8 percent in August 2009.
The Manhattan Class A office vacancy rate was 9.0 percent in September 2010, while the average asking rent was $64 PSF.
Passengers in NYC area airports totaled 10.1 million in July 2010, up 0.5 percent from July 2009.

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