Economics
NYC’s Recovery Trails Other U.S. Cities as Tourism Loss Weighs
- Northeast was worst in regaining jobs as of September: Fitch
- International tourists are starting to return to New York
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New York City’s recovery from the Covid-19 pandemic is lagging behind that of other major U.S. metropolitan areas as the iconic destination continues to suffer from the loss of tourism jobs, Fitch Ratings said Tuesday.
When it comes to jobs lost during the worst months of the pandemic last year, the city had regained 56% as of September, worse than the Northeast region’s median rate of 69% and the nation’s major metropolitan figure of 71%, said Fitch Senior Director Olu Sonola.