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Job losses mount beneath New York’s still‑strong real estate market

Office leasing and apartment demand hold firm, but hiring trends raise concern
Rising employment losses are sure to test the resilience of office and apartment markets. (CoStar)
Rising employment losses are sure to test the resilience of office and apartment markets. (CoStar)
CoStar Analytics
May 5, 2026 | 5:25 P.M.

New York City’s labor market weakened further in March, reinforcing concerns that job losses are becoming more deeply embedded in the economy.

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