Editor’s note: Below you’ll find the week 90 release of the NYC Recovery Index, originally published May 24, 2022. Visit the NYC Recovery index homepage for the latest data. New York's City's economic recovery stalled over the week ended May 14, as the index was unchanged at a score of 74 out of 100. Gains were recorded in rental availability, subway ridership, and restaurant reservations, however, these positive developments were offset by a continued rise in COVID-19 hospitalizations, which recorded their ninth consecutive weekly increase amid a worsening regional and national outlook for COVID-19 infection rates. New York City's economic recovery stands at a score of 74 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City's economic recovery is just under three-quarters of the way back to pre-pandemic levels. COVID-19 Hospitalization Rate Accelerates The COVID-19 hospitalization rate in New York City rose again for the ninth consecutive week, to 92 average daily hospitalizations. The rate rose by 18 hospitalizations from a week prior—a faster pace than previous weeks—indicating a notable acceleration. With this week's increase, the seven-day average of hospital admissions… Read full this story
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