Jobs Stall, a Sign NYC’s Economy Is ‘Treading Water’ in Uncertain Times

Jobs Stall, a Sign NYC’s Economy Is ‘Treading Water’ in Uncertain Times

Last May when Mayor Eric Adams presented his executive budget proposal, his administration forecast that the city would add 150,000 jobs in 2025. Now, the administration admits the gain will be only about 40,000 jobs.  Worse, say other analyses, all the added jobs are coming from low-wage health care positions paid for almost entirely with tax dollars as hiring in the private sector stalls. The forecasts for job gains next year are almost as ble…