Both job seekers and employers face challenges in this economic climate. Jobs can be hard to come by, unemployment rates are high in many areas of the city, and young people continue to have a hard time breaking into the job market. On the otherhand, the effort to seek and retain quality employees is often overwhelming for businesses - both large and small.

Job Seekers

  • New York State’s unemployment is 7.6% and New York City’s is 8.6%, both higher than the national average.
  • One in five New Yorkers lives at or below the federal poverty level.
  • In NYC alone, nearly 172,000 young adults are out of school and out of work.
  • Fewer young people are in the labor force today than at any time since World War II. 
Businesses and Employers
  • Businesses don’t know where to turn for or how to efficiently find and keep qualified candidates.
  • Many job seekers struggle to find meaningful work.
  • Workforce development agencies, the organizations tasked with assisting companies and job seekers, are pitted to compete against one another.
  • The cost of starting and operating a successful business in NYC are higher than ever as businesses struggle to find and keep a talented workforce.