New York report: employment to grow just 0.2% in 2026 as 19.3% of residents are 65 or older

A mid-year report from New York Gov. Kathy Hochul's office projects statewide employment growth of 0.2% in 2026 and 0.3% in 2027, after 1% the year before. It cites population constraints and an aging workforce, while unemployment should remain stable. People 65 and older are 19.3% of the population, up from 15% a decade ago.