The Impact of Bronx, New York's Local Economy on Residents' Livelihoods: An Expert's Perspective

The Bronx, New York is a vibrant Latino community of 19,000 people that has been facing unemployment for some time. Even before the pandemic, the unemployment rate was in double digits. City Limits, an organization founded in 1976 during New York's fiscal crisis, works to promote democracy and equip citizens to create a more equitable city. According to their research, the unemployment rate in Manhattan is 10.3 percent, while in the Bronx it is 17.5 percent - the highest in the state. New York City has long been a popular destination for travelers from near and far.

McKinsey's New York office is home to partners Alex Cosmas, Linda Liu, Maurice Obeid and senior partner Yael Taqqu. The city is currently facing one of the worst economic crises in the country, with an unemployment rate of 13.2 percent in October - nearly double the national rate. To help combat this issue, coworking spaces with health security protocols can be a great asset for business travelers or those who want to live in New York but work for companies without a local presence. A coalition of local organizations including Diego Beekman, Mothers on the Move, Nos Quedamos, South Bronx Unite and Third Avenue BID have launched a petition to empower community members and urge the City Council to invest in them. Itineraries could include urban experiences such as Times Square, art tours at MoMA PS1 in Queens, visits to Fort Wadsworth on Staten Island or tours of the New York Botanical Garden in the Bronx.

West Farms has become particularly hard hit by the economic crisis with an unemployment rate of 26 percent in September - making it one of the most affected urban communities in the country. After The New York Times contacted Macy's about her employment status, she was offered a position at one of their Brooklyn stores. The Times' reporter He has been covering education and politics at City Hall and Albany, as well as in the Bronx and upstate New York since 1999. The economic crisis has had a devastating impact on residents of The Bronx. With an unemployment rate that is higher than both the state and national averages, many residents are struggling to make ends meet. This has led to an increase in poverty and homelessness as well as a decrease in access to basic services such as healthcare and education. In order to address this issue, it is important for local organizations to come together and advocate for change.

This includes launching petitions to urge city councils to invest in their communities and providing resources such as coworking spaces with health security protocols for those who are unable to find employment. It is also important for businesses to recognize their role in helping to create a more equitable city. By offering employment opportunities to those who are struggling financially, businesses can help alleviate some of the burden that residents are facing. Finally, it is essential for government officials to recognize the importance of investing in their communities. By providing resources such as job training programs and access to healthcare services, government officials can help ensure that all residents have access to basic necessities.