Midtown and Lower Manhattan are nine percent and one percent below their pre-pandemic retail spending levels and 35 percent and 36 percent below pre-pandemic restaurant and bar spending levels, with foot traffic still down by 23 percent and 18 percent respectively, according to Making New York Work for Everyone, the state and city’s post-pandemic recovery plan.

As of Q1-2022, total citywide employment was 288,000 below that in Q1-2020, according to a recent study by The New School Center for New York City Affairs. Manhattan had 56 percent of all New York City jobs in the pre-pandemic first quarter of 2020. As of two years later, it had absorbed 75 percent of the 288,000 citywide job loss, according to the study.

Last Updated on February 12, 2023 by Ramin Seddiq