Mayor Eric Adams emphasizes that New York City is experiencing economic growth, as evidenced by falling unemployment rates and record job numbers. Efforts from his administration aim to ensure that opportunities are available across all neighborhoods. Adams highlights achievements such as the creation of new small businesses, increase in affordable housing, and investments in minority- and women-owned businesses. He critiques media coverage that downplays these successes, urging that prosperity should benefit every community and ensure the best quality of life for working-class New Yorkers.
Unemployment is down across all demographic groups since we entered office. And in the last three years, we have done my favorite thing: break records.
From a record number of new small businesses, to record amounts of affordable housing being created, to record investments in minority- and women-owned businesses, our economy is booming.
New data shows we have an all-time high of 4,770,981 total jobs in the five boroughs. But if you had picked up a newspaper or watched your evening news, you probably wouldn't have known that.
While our jobs numbers show the strength of our economy, we know that our shared prosperity must continue to hit every zip code.
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