Economic Data

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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.

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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.