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New York State suffers the highest loss in construction jobs out of any state

In a report released Wednesday by Comptroller Tom DiNapoli, it was stated that NYS lost 44,400 construction jobs during the pandemic, the sharpest decline this industry has seen in 25 years.

This shows one more detail of the economic toll on NYS due to the pandemic and where the economy has landed during the crisis.

More than half the jobs lost were in New York City.

Finger Lakes Partners (Billboard)

The report pointed out that construction was NYC;s fastest growing sector from 2011-2019 and increased by 43.5% at that time but was brought to a stop due to the pandemic.

New York’s unemployment rate dropped from 8.4% to 8.2% in March and April but is still behind the national average.

Before 2020 the construction sector had reached 406,600 jobs, a record, and dropped 11% to 362,200 jobs last year. NYS has suffered the highest construction job loss out of any state in the U.S. during the last year.



Categories: New York StateNews

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