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Job Losses and Wall Street Woes Cloud NYC’s Economic Outlook

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Home health aides are rallying ahead of a sit-in outside City Hall to demand the passage of a bill ending 24-hour shifts.

New York City is losing jobs, making life difficult for Mayor Zohran Mamdani as he seeks to close a massive budget deficit while emphasizing economic justice over growth. The city lost 20,000 jobs by 2025 to end the year with 4.823 million employees, according to updated employment figures released Thursday by the state labor department. … Read more

A storm cloud is gathering over the global financial system

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A storm cloud is gathering over the global financial system

Clouds are gathering around the world’s financial markets as the US war against Iran enters its fifth week and oil prices are increasing along with many types of products that depend on oil and gas such as fertilizers. Even before the war, there were growing concerns about the stability of the financial system. This is … Read more