Greg David of Crain's Reports Economic Growth Likely to Accelerate

It's looking like the number of jobs the city gained last year will be revised upward from the preliminary stats that showed 55,000. Greg David stated " This is what usually happens in the first year of a recovery, as the paperwork that shows new hires often lags." Greg David also cited the Crain's article "Big Tenants getting spaced out" as evidence that business services sector is hungry for larger spaces, indicating expansion and new hires. He also stated that the private school sector is on the rise, with applications rising to 10% and entrepreneurs opening new schools. He also cited a report that stated 192,000 jobs have bee added in the US in February, and that New Yorkers should pay attention to Fed Chairman Ben Bernanke's statement last week that the public sector job cuts "would not derail economic growth." To read the full article, please go here.

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