NYS Comptroller Report: Recent Trends and Impact of COVID-19 in Brooklyn
The New York City borough of Brooklyn, which has the largest population among the five boroughs, also boasted the largest population growth between 2010 and 2020. Other highlights within the May report by the New York State Comptroller’s Office include the 47.5% growth in private sector employment from 2010 to 2019, representing a significantly faster pace than the 28.7% citywide. Among industries, the leisure and hospitality sector grew the fastest, at a rate of 109%, of which restaurants and bars accounted for nearly three-quarters of job growth. By the 2nd quarter of 2020, the trend reversed as private sector employment declined 19.3% year-over-year due to the pandemic and public health response, the percent decline remaining lower than the 21.1% job loss citywide during the same period. Continuing to be a technology and innovation center for New York city, as of the 3rd quarter of 2021, the pace of job growth in the borough surpassed citywide improvement, Brooklyn regaining over 100,000 jobs from the start of the economy re-opening.