New York’s job engine sputters with just 956 new positions in the first six months of 2025: Is this a recession warning for young professionals?
New York, once the lodestar of America’s labour market, is losing some of its shine. According to the city’s Mayor’s Office of Management and Budget, the first half of 2025 produced just 956 new private-sector jobs—the feeblest gain outside a recession or pandemic since 2003. The contrast with the 66,000 positions created in the same…

