HT15. New York Governor PANICS as City Companies All But STOP Hiring — Slowest Job Growth in Over 20 Years!

In the first six months of 2025, employers across New York City added fewer than one thousand private-sector jobs — precisely 956, according to data from the city’s Office of Management and Budget. That number is not just low. It is historically low. Outside of a formal economic recession or the extraordinary disruption caused by the global health crisis of 2020, this represents the weakest pace of job creation the city has seen since 2003. For a metropolitan economy that employs millions and generates enormous amounts of economic activity, the near-complete halt in hiring is a striking and sobering development.