Black unemployment rate drops significantly in NYC, new report shows

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Black unemployment rate drops significantly in NYC, new report shows

The Black unemployment rate in NYC has significantly decreased since 2022, according to a report that the city’s Economic Development Corporation (EDC) released Friday. The EDC, which releases an economic snapshot for the city each month, reports that Black unemployment in New York City fell from 10.7 to 7.9% from Jan. 1, 2022, to April 1, 2024, marking the first time since before the pandemic that the rate has fallen to below 8%. The dramatic d…