Economic Research & Analysis

January 2010 Economic Snapshot


Private Employment fell by 5,200 in November, after a loss of 14,200 jobs in October.
The unemployment rate fell to 10.0 percent in November from 10.3 percent in October.
The Manhattan hotel occupancy rate in November 2009 was 81.4 percent, up from 80.4 percent in November 2008.
The Manhattan Class A office vacancy rate was 8.5 percent in December 2009, while the average asking rent was $66 PSF.
Passengers in NYC area airports totaled 8.6 million in October 2009, down 0.2 percent from October 2008.


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