vacancy

“While job losses are not high compared to past economic downturns, job vacancies and job transitions have been low, so it has been relatively difficult for unemployed people to transition back to work,” it added.

Finding space in shopping centers when retail vacancy is near historic-low levels is another challenge.

New York has long been an expensive and difficult place to build housing, and while Mamdani has ideas to boost supply, some, such as a rent freeze, will likely discourage supply and vacancies.

The U.S. office vacancy rate, near a record high.

The jobs market is particularly challenging for young people, with 2025 figures showing a falling number of vacancies and fewer people on payrolls.