A Message from the Comptroller Dear New Yorkers, After picking up some steam earlier this year, the job market has hit a wall, with private sector employment decelerating nationally and dropping sharply locally. The U.S. added just 46,000 new private-sector jobs in September, and downward revisions for August and July subtracted 70,000 jobs. The numbers are even more concerning in New York City. Private sector employment tumbled 23,000 in September, following a 7,400-job drop in August, despite continued job gains...
New York, NY — New York City Comptroller Mark Levine reached a settlement with 1237 Myrtle Holding LLC, Kai Management LLC, and Ground Support Services LLC for prevailing wage violations regarding 14 building service workers over the course of three years. The settlement payments total $419,000, including back wages and benefits, civil penalties, and interest. 1237 Myrtle Holding LLC is the owner of the building at 960 Willoughby Avenue in Brooklyn – a building with 87 residential units receiving a 15-year...
New York, NY — New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund, New York City Comptroller Mark Levine, on behalf of four of the New York City pension funds, and the Trillium Asset Management ESG Global Equity Fund have filed a shareholder proposal at Starbucks’ (NASDAQ: SBUX) in advance of the company's 2027 annual meeting of shareholders. The proposal asks the Board of Directors to reestablish the Environmental, Partner, and Community...
A Message from the Comptroller Dear New Yorkers, Fall is here and the economy is showing some signs of momentum. In this month’s New York by the Numbers, we look at a national economy that appears to be picking up steam. After growing at a modest 1.5% annual rate in the second quarter, GDP growth is expected to have accelerated in Q3, driven largely by business investment. The labor market also delivered some welcome news: private-sector job growth, though still...
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