Economic Data

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All Aboard! The Numbers Behind NYC Ferry

 |  NYCEDC
Launching Monday, May 1, NYC Ferry will fundamentally change how the people of our city move.

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Earth Day 2017

 |  NYCEDC
Have you noticed the effects of climate change in NYC?

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Women and the Economy: A Brief Analysis of the Gender Wage Gap

 |  NYCEDC
It’s an unfortunate reality: on average, women earn 80% of what men do in the United States and 86% in New York City. While the wage gap is smaller than the national average, it has remained stagnant over recent years.

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Interest Rates and New Yorkers

 |  NYCEDC
The Federal Reserve raised interest rates on March 15, 2017 – only the third time since the height of the financial crisis. So, what does this mean for New York City’s economy? First, let’s explore how interest rates work.

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Pass the Caviar, Casanova: How Much Do New Yorkers Really Spend on Valentine’s Day?

 |  NYCEDC
Twenty-sixteen was the hottest year on record – and we don’t just mean the climate! Valentine’s Day spending was the highest ever last year, but the National Retail Federation (NRF) expects spending to ease a bit in 2017. The NRF survey projects that Americans will spend about $18.2 billion on the holiday this year compared with $19.7 billion last year.

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A Different Look at the Holiday Economy in New York City

 |  NYCEDC
New Yorkers love the holidays – it doesn’t take more than quick walk down any wintery block in Manhattan to figure that out. Holiday music rings in every store, and “tree-lined street” fosters a whole new meaning as Christmas pines are sold on virtually every corner. And importantly, what we on the Economic Research & Analysis team call the holiday economy bustles with renewed fervor. The holiday economy is comprised of a number of factors, and this month we’re exploring how cultural and religious institutions throughout the City impact the local economic landscape.

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Thanksgiving in New York City: Parade, Tourism & Shopping

 |  NYCEDC
The Macy's Thanksgiving Day Parade draws 3.5 million enthusiastic visitors to Manhattan, as well as roughly 50 million television viewers. Festivities held over the long weekend have enticed thousands of tourists to visit New York City, boosting business for the city’s 50,000 hospitality workers and 300,000 food and beverage service employees.

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October Sugar High: New Yorkers Love Chocolate & Sour Patch Kids

 |  NYCEDC
Still deciding on treats for Halloween night? According to the sales data from the online retailer Candy Store, the New York State candy favorite is Sour Patch Kids. From 2007-2015, New Yorkers have ordered 198,000 lbs. of Sour Patch Kids on average from the online store in the three months leading up to Halloween. For those who are looking to diversify their candy bowl offerings, the runner-ups were Candy Corn (95,000 lbs.) and Reese's Peanut Butter Cups (39,600 lbs.), indicating a clear favorite in New York.

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State of Manufacturing in New York City

 |  NYCEDC
To celebrate National Manufacturing Day, the Economic Research and Analysis team at NYCEDC looked at trends in the manufacturing industry in New York City. We found that the sector is on the rise, employing over 78,000 workers in 2015, or 2.1% of the city’s private sector employees.

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Feast on Savory Stats: Fourth of July Hot Dog Prices Drop

 |  NYCEDC
How do Americans celebrate Fourth of July? NYCEDC analyzed the Independence Day traditions of everyday Americans to answer this question.