New York, Chicago, and Los Angeles among major U.S. cities to fall behind in recovering jobs
88 of the top 100 cities in the U.S. showed fewer jobs in October 2021 compared to February 2020, the New York Fed Reserve found in data released Friday.
Nearly 19% of office buildings in NYC are vacant as city faces crisis
Nearly 19% of all office space in Manhattan have no tenants, reaching a record high as companies break leases and adopt remote work, yet residential sales are up with prices on the increase
Battle Over Rent Hikes Turns to Who’s Suffered More: Tenants or Landlords?
The Rent Guidelines Board is expected to decide soon on an increase ranging from 0% to 2% for one-year leases. Residents are seeking a second rent freeze while building owners are calling for a thaw with rent relief aid for all finally on the way.
Despite the Pandemic’s Hit to Sales, Small Businesses Aren’t
New evidence shows that the pandemic’s effects have largely not—or at least not yet—translated into dramatically higher delinquencies or defaults among small businesses.
More Contagious Virus Variant Is Now Dominant in U.S., C.D.C. Chief Says
The B.1.1.7 variant, first identified in Britain, is now the source of most new coronavirus infections in the United States, the director of the Centers for Disease Control and Prevention said.