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NYC Economic Growth Picks Up

NYC Economic Growth Picks Up
New York's unemployment rate falls

New York City's economy grew almost three percent in the first three months of 2014 while the country's economic growth managed only a sluggish one percent.

That's according to a new report on the City's economy released Wednesday by New York City Comptroller Scott Stringer.

The report says job growth in the Big Apple increased by almost two percent in the first quarter of this year while the unemployment rate fell to 7.9 percent.

Better conditions on Wall Street brought a 16.3 percent increase in estimated tax payments and Broadway ticket sales were up 15.1 percent in the first four months of 2014, compared to the same time last year.