Economic Research & Analysis

September 2010 Economic Snapshot

Highlights

Private Employment rose by 27,700 in July 2010, after a decrease of 9,000 jobs in June.
The unemployment rate fell to 9.4 percent in July 2010 from 9.5 percent in June.
The Manhattan hotel occupancy rate in July 2010 was 88.3 percent, up from 85.2 percent in July 2009.
The Manhattan Class A office vacancy rate was 8.5 percent in August 2010, while the average asking rent was $65 PSF.
Passengers in NYC area airports totaled 9.4 million in June 2010, up 4.5 percent from June 2009.

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