Brooklyn has the best COVID rebound of the five NYC boroughs

Brooklyn’s economy has recovered from the turmoil of the COVID-19 pandemic faster than any of New York City’s other four boroughs, according to a new analysis.

A 20-page report by state auditor Tom DiNapoli, released Monday, showed that while Brooklyn had reported the highest total number of COVID-19 cases and deaths through March, the borough had since the city began reopening through the end of 2021 has regained over 100,000 jobs – more than the city as a whole.

“The pandemic halted Brooklyn’s booming economy in 2020 and exacerbated some existing injustices,” DiNapoli said. “However, as the economy has gradually improved, Brooklyn is showing a return to its pre-pandemic job growth.

“To help the county bounce back stronger than ever, we need to address longstanding issues like housing affordability, child poverty and food insecurity,” he added.

The report found that from 2010 to 2019, before the coronavirus pandemic hit New York City in March 2020, Brooklyn’s 48% job growth, when it added 216,460 private sector jobs, exceeded the citywide rate of about 29%. The county’s job growth was primarily driven by “amazing” 109% growth in hospitality, according to the analysis.

During this period, the number of private companies in the district grew by almost 32%, “primarily” due to “micro-enterprises”, defined as workplaces with fewer than 10 employees. In the third quarter of 2021, there were 1.6% more small businesses compared to the start of the pandemic, as the number of businesses of all sizes fell by 5.6% overall.

Brooklyn covid
The report revealed that the pace of Brooklyn’s job recovery, as determined by change from employment levels in the first quarter of 2020, is “ahead” of the five boroughs.
NYC Department of Health and Men

According to the report, 84.7% of all Brooklyn businesses had fewer than 10 employees in 2019.

Meanwhile, the median household income increased from $42,150 in 2010 to $66,900 in 2019, according to the report.

Between the first and second quarters of 2020, as COVID spread, private sector jobs fell “slightly” but rose through the third quarter of 2021, totaling half a percent higher than when the pandemic began.

In that span of time, the city lost 812,500 private sector jobs. In Brooklyn, the shutdown caused by the coronavirus caused private sector employment to plummet by 145,000 jobs in the second quarter of 2020.

A Covid-19 testing site stands on a Brooklyn street corner on April 18, 2022 in New York City.
According to the report, Brooklyn was the only borough to see a decline in its foreign-born population.
Spencer Platt/Getty Images

However, the report revealed that the pace of Brooklyn’s job recovery, as determined by change from employment levels in the first quarter of 2020, is “ahead” of the five boroughs. As of the third quarter of 2021, New York City has 10% fewer jobs than when the pandemic began, while Kings County jobs fell just 6.1% — meaning the borough’s economy is recovering jobs lost during the pandemic got faster than the rest of the city.

“If anyone knows anything about Brooklyn, it’s how resilient it is thanks to the incredibly determined and adaptable people who call the borough home,” said Antonio Reynoso, the borough’s president, who succeeded Mayor Eric Adams in January . “So it’s not surprising that Brooklyn is outperforming other New York boroughs in its recovery from the COVID-19 pandemic.”

Randy Peers, head of the Brooklyn Chamber of Commerce, said that while Brooklyn’s “resilience” has allowed the borough “to weather the COVID storm better than most … our small businesses still have a long way to go.”

The bodies are placed in a refrigerated truck temporarily serving as the morgue at Wyckoff Hospital in the borough of Brooklyn in New York
Brooklyn had reported the highest total number of COVID-19 cases and deaths through March.
BRYAN R. SMITH/AFP via Getty Images

“Inflationary pressures from supply chain issues, a weak labor market and persistent commercial rent arrears are the biggest challenges we will face in the coming year,” he said.

Additional findings from the report: Brooklyn’s population is slightly younger than the entire Big Apple. The median age in Kings County was 35.6 in 2019, while the citywide median that year was 37.2.

Additionally, immigrants made up 35.4% of the borough’s population in 2019, second only to Queens, where 47.6% of residents are foreign-born, according to the report. But the immigrant population in Brooklyn has declined 4.5% since 2010, while the nonimmigrant population has grown 6%, according to DiNapoli’s analysis.

Notably, Brooklyn was the only borough to see a decline in its foreign-born population, according to the report.

The decline in the foreign-born population came as rents in the borough rose 37.5% from 2010 to 2019 — the fastest rental growth of the five boroughs.

And while poverty in Brooklyn fell 4.2% over the decade, 17.3% of households in the borough were impoverished in 2019, slightly higher than the citywide poverty rate of 16.4%, according to the analysis.

https://nypost.com/2022/05/23/brooklyn-having-best-covid-rebound-of-the-five-nyc-boroughs/ Brooklyn has the best COVID rebound of the five NYC boroughs

JACLYN DIAZ

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