New York City has lost two-thirds of its culture and entertainment jobs in the past year amid the coronavirus pandemic, according to a new one report from the New York State Comptroller’s Office.
The report published this month looked for jobs in the performing arts and sports; fun and recreation; and museums and parks, all of which saw dramatic drops from April as New York City closed to fight the spread of the coronavirus pandemic.
“Prior to the COVID-19 pandemic, the level of employment, number of establishments and total wages in the arts, entertainment and recreation sector had each increased significantly over the past decade, increasing to a much faster pace than for any city-wide area, “the controller’s report said.
“In December 2020, employment was down 66% from a year earlier, the largest drop among any sector of the city’s economy,” he said.
Almost 87,000 people remained in the arts and entertainment industry in New York City as of February.
The report notes that of the approximately 128,400 workers in the arts, entertainment and recreation sectors, approximately 31,000 were self-employed. Many of these jobs – actors, musicians, and fitness instructors – are difficult or impossible to do remotely.
Almost two-thirds of entities in the arts, entertainment and recreation sectors have received Paycheck Protection Program (PPP) loans under the coronavirus relief legislation passed last year, notes the report. This includes independent contractors and self-employed workers. According to the comptroller’s office, employers who have been approved for P3 loans reported retaining 70 percent of all jobs in their industries.
Governor of New York. Andrew CuomoAndrew CuomoCuomo warns New Yorkers in flood-prone areas to “move to higher ground” before Henri Cuomo files for retirement Democratic leader Hochul in primary for New York governor: MORE poll (D) earlier this month announced a series of 300 ephemeral events as a means of “revitalizing New York audiences and reviving the struggling performing arts sector”.
Events are slated to take place over 100 days in New York’s five boroughs.
“Cities have taken a real blow during COVID, and the economy will not come back fast enough on its own – we have to bring it back,” Cuomo said in a statement at the time.