- New York State’s unemployment is 7.6% and New York City’s is 8.6%, both higher than the national average.
- One in five New Yorkers lives at or below the federal poverty level.
- In NYC alone, nearly 172,000 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.
- Businesses don’t know where to turn for or how to efficiently find and keep qualified candidates.
- Many job seekers struggle to find meaningful work.
- Workforce development agencies, the organizations tasked with assisting companies and job seekers, are pitted to compete against one another.
- The cost of starting and operating a successful business in NYC are higher than ever as businesses struggle to find and keep a talented workforce.