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The IBO expects the New York City unemployment rate to average a very low 4.0% in 2020 and 4.4% in 2021. The IBO expects the New York City unemployment rate to average a very low 4.0% in 2020 and 4.4% in 2021.

NEW YORK CITY—The New York City Independent Budget Office believes that the city’s ongoing economic expansion will continue in coming years, but not at the recent breakneck pace.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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