Economic Data

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Transportation Trends in NYC

 |  NYCEDC
New York City’s transportation industry is in the midst of an upheaval. Ridership through app-based services like Uber and Lyft has surged, while subway and bus ridership has declined.

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NYCxDESIGN 2017 by the Numbers

 |  NYCEDC
NYCxDESIGN drew nearly 350,000 attendees and added $60 million to the gross city product.

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New York City's Dog Population

 |  NYCEDC
Those who don’t know us say that New York City is a dog-eat-dog town. We may act like alpha dogs, but real New Yorkers are truly poodles at heart. In fact, the data show that one in seven households in our city have at least one pup under its roof – so we must be softies deep down.

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How do Americans celebrate Fourth of July?

 |  NYCEDC
The National Retail Federation (NRF) predicts that 219 million Americans (nearly 70% of the population) will celebrate Independence Day this year. The number of people who will celebrate is 2% higher than last year and the average amount they plan to spend on food items this holiday is up 3% to $73.42 per person. In fact, the holiday is expected to generate $7.1 billion in revenue from food sales.

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New York City Construction Projects Reach New Heights

 |  NYCEDC
Current construction trends indicate a strong New York City economy. In 2016, the number of construction project starts was the highest in four years.

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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.