A net 70,000 New York City residents left the metropolitan region since COVID-19, resulting in roughly $34 billion in lost income, according to estimates released Tuesday from Unacast, a location analytics company.
Around 3.57 million people fled New York City between Jan. 1 and Dec. 7 this year — and they were replaced by some 3.5 million people earning lower average incomes, the findings from Unacast said.
New York City Mayor Bill de Blasio said late last week that his city’s budget hinges on the results of the Georgia U.S. Senate runoffs. This, according to a transcript of a press conference that de Blasio held Thursday. The mayor’s staff published the transcript on The City of New York’s official website.
More than 300,000 residents have fled New York City over the past eight months because of rising crime rates, school stress and the coronavirus pandemic, according to a report from the New York Post.
Data obtained by The Post from the U.S. Postal Service under a Freedom of Information Act (FOIA) request, revealed residents filed 295,103 change of address requests from March 1 through Oct. 31.
Seattle, Portland, and New York City are suing President Donald Trump and his administration over legal actions that have put future federal funds on the line.
The joint lawsuit is in response to a memo issued by the Trump administration last month requesting U.S. Attorney General William Barr review a list of cities that could be considered hotbeds for civil unrest.
Is New York committing suicide?
That’s a fair question in the wake of the relentless pandemic choking major American cities. The Big Apple is plagued with joblessness, peaking with a 20% unemployment rate this summer, double the national rate.
The Daily Caller reports, New York City could see up to half its restaurants and bars close permanently in the next six months because of the coronavirus pandemic, according to a new audit released Thursday from the New York State Comptroller Thomas DiNapoli.
“New York City’s bars and restaurants are the lifeblood of our neighborhoods. The industry is challenging under the best of circumstances and many eateries operate on tight margins. Now they face an unprecedented upheaval that may cause many establishments to close forever,” DiNapoli said, according to an official statement.