Tuesday, October 21, 2014

Follow us:
Follow @NY1 on Twitter Follow NY1 News on Facebook Follow NY1 News on Google+ Subscribe to this news feed 

News

City's Economy Is Growing, Comptroller's Report Says

  • Text size: + -
TWC News: City's Economy Is Growing, Comptroller's Report Says
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

A new report from City Comptroller Scott Stringer's office finds that the city's economy is growing.

Stringer says the city's economic growth is on track to top the national growth rate for 2014.

New York City's economy represented 4 percent of the nation's total economic output for the second economic quarter of April, May and June. The national growth rate is just under 2 percent.

Tourism was booming as warmer weather approached, with hotel occupancy at 93 percent.

Broadway attendance and ticket sales rose more than 20 percent.

The report says apartment sales in Manhattan and Brooklyn increased, but sales in Queens fell.

While the city added more than 22,000 jobs from April to June, unemployment stayed flat at 7.9 percent.

10.11.12.247 ClientIP: 54.166.110.247, 23.0.160.15 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP