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Office occupancy in New York finally hits 40%

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Office occupancy in New York finally hits 40%

Finally, good news for New York City’s office landlords as office occupancy pushed past 40 percent for the first time since the start of the pandemic. The Kastle Back to Work Barometer increased to 41.2 percent; Kastle Systems measures office occupancy by entry into office buildings.

“This is good news for our city’s recovery as the presence of office workers in the central business district is critical for retail, restaurants and other storefront businesses hit hard by the pandemic,” ...

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Thanksgiving Day Parade Returns To NYC’s Streets For 2021

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Thanksgiving Day Parade Returns To NYC’s Streets For 2021

The Thanksgiving Day Parade will march through the streets of New York City once again this year in yet another sign of a slow return to normality amid the COVID-19 pandemic.

“We are thrilled to welcome back in its full form the Macy’s Thanksgiving Day Parade, a world-renowned celebration that ushers in the magic of being in New York City during the holiday season,” said Mayor Bill de Blasio.

Public viewing will be allowed only in specific locations which will have safety procedures in place, like social distancing, face covering, and a ...

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Unemployment fell as workers returned to their jobs that were lost during lockdown.

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Unemployment fell as workers returned to their jobs that were lost during lockdown.

Hiring rose for the fourth straight month, though at the slowest pace since the U.S. economy began to spring back from April shutdowns.

Nonfarm payrolls increased 1.4 million in August, the Labor Department said Friday, matching economists’ expectations and following gains of 2.7 million, 4.8 million, and 1.8 million in May, June and July, respectively. The temporary hiring of 238,000 Census 2020 workers helped boost payrolls.

The U-3 unemployment rate, meanwhile, dropped to 8.4% from 10.2% in July. The decline was much ...

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