Both businesses and candidates face challenges in this rapidly changing and uncertain economic climate. Jobs can be hard to come by, unemployment rates are soaring in many areas of the city, and young people continue to have a hard time breaking into the job market. On the other hand, the effort to seek and retain quality employees is often overwhelming for businesses - both large and small.
Businesses
- Companies struggle to efficiently find and keep qualified, engaged employees.
- Business owners get lost in the maze of private and public resources available to them.
- Workforce development agencies, the organizations tasked with assisting companies and candidates, are pitted to compete against one another.
- The cost of starting and operating a successful business in NYC are higher than ever as businesses strain to find and keep a talented workforce.
Candidates - New York State and New York City’s unemployment rates are the highest since the Great Depression.
- At least one in five New Yorkers lives at or below the federal poverty level.
- In NYC alone, nearly more than 100,000 young adults are out of school and out of work.
- Fewer young people are in the labor force today than at any time since World War II.
