NYC's pattern—broad private sector losses offset by massive health/social assistance gains (+27% since Feb '20, mostly Medicaid/home care)—is shared by other coastal metros like LA and Chicago, where health drives ~half of recent net growth amid retail/office weakness from remote work/high costs. Sunbelt peers differ: Houston added ~260k jobs since '20 across construction, trade, energy, leisure (+8% total nonfarm); Dallas similar diversified gains. Nationally, health/social leads everywhere due to demographics, but NYC's other-sector drag stands out. BLS metro CES data.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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