logo
New York City's Population Ticks Up to More Than 8.4 Million

New York City's Population Ticks Up to More Than 8.4 Million

New York Times13-03-2025
In the depths of the coronavirus pandemic, hundreds of thousands of New Yorkers packed up and fled, raising the possibility that the ravaged city had entered a long-term slide.
New York's population has yet to fully recover, but new census data released on Thursday reveals that it is finally growing again after a steep drop. It reached 8.48 million in July 2024, up from 8.39 million in July 2023.
The increase was seen as a positive sign that the population of America's largest city had not only stabilized but, in fact, seemed on track to resume the extended trend of growth seen before the pandemic, according to demographic and policy experts.
'Despite everything the city has had to overcome in recent years, people clearly want to be here,' said Jonathan Bowles, the executive director of the Center for an Urban Future, a Manhattan think tank that researches policy issues facing cities.
Mr. Bowles added, 'New York still faces a number of challenges, but there's a lot that's going right for the city today.'
The city grew by about 1 percent, gaining 87,184 residents between 2023 and 2024 — largely because of a steady increase in newcomers from other countries — while at the same time fewer residents left for elsewhere, according to the census data.
The number of births and deaths in the city remained relatively stable, with births continuing a slow downward trend, in line with a broader national pattern.
However, the population remained well below its peak of 8.8 million residents, reached in early 2020.
Even as New York's population has climbed back, many concerns remain about its future, including the high cost of living and a lack of affordable housing that has pushed out many lower- and middle-income residents in recent years. Mayor Eric Adams's legal problems have also left a leadership void, and the Trump administration's escalating crackdown on immigrants has alarmed many New Yorkers.
New York has long relied on a constant influx of immigrants to replace those who leave and to propel the city's population growth. 'That's the secret to New York City's demographic success,' said John Mollenkopf, a professor of political science at the graduate school of the City University of New York.
But during the first Trump administration, beginning in 2017, there was a decline in immigrants moving to the city, Professor Mollenkopf said. It remains to be seen how Mr. Trump's return will affect international migration, 'and that may temper that force in increasing the city's population,' he added.
Before the pandemic, city officials had projected that New York's population would reach 9 million within two decades. Instead, the pandemic set off an exodus from New York and other American cities.
Compared with the peak in early 2020, New York's population in July 2024 was down by a total of 326,118 people, according to census numbers.
But fears of the city's demise turned out to be overblown. The new census numbers on Thursday notably revised last year's estimate to show that the city grew between 2022 and 2023 for the first time since the pandemic. According to the new numbers, the city added 34,709 residents in that period for a total population of 8.39 million. Earlier estimates had shown the city's population shrinking.
City officials had challenged those figures, saying the number of migrants and other people living in group settings like shelters had been underestimated. More than 200,000 migrants have passed though the city's shelters since the spring of 2022.
'This new data puts a number to what we're feeling: New York City is back and growing again,' said Dan Garodnick, the director of the Department of City Planning. 'Our city remains a destination for people from around the world, and these numbers are very encouraging.'
The new census numbers showed that Manhattan, the city's richest borough, grew by about 1.7 percent — the most of any borough. Its population increased for the third straight year, by 27,435 residents to 1.66 million.
The populations of the other four boroughs also increased. Brooklyn and Queens each grew by nearly 1 percent, with Brooklyn adding 24,694 residents and Queens 22,159 residents.
The Bronx and Staten Island each grew by less than 1 percent. The Bronx added 9,458 residents, and Staten Island — the only borough to fully recoup its pandemic population slide — added 3,438 residents.
Donovan Richards, the Queens borough president, said that more people have moved to Queens as more affordable housing has been built in neighborhoods including Jamaica, Long Island City and the Rockaways.
Mr. Richards said that he welcomed the arrival of more immigrants to the borough — including many who stay in city-run shelters — and that he saw them as part of its future.
'This borough will always be a sanctuary — a safe place and a harbor — for people looking to build a better life,' he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tolu Minerals Limited's (ASX:TOK) largest shareholders are individual investors with 37% ownership, private companies own 31%
Tolu Minerals Limited's (ASX:TOK) largest shareholders are individual investors with 37% ownership, private companies own 31%

Yahoo

time19 minutes ago

  • Yahoo

Tolu Minerals Limited's (ASX:TOK) largest shareholders are individual investors with 37% ownership, private companies own 31%

Key Insights Tolu Minerals' significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 12 investors have a majority stake in the company with 50% ownership 20% of Tolu Minerals is held by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Tolu Minerals Limited (ASX:TOK), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 37% to be precise, is individual investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Meanwhile, private companies make up 31% of the company's shareholders. Let's delve deeper into each type of owner of Tolu Minerals, beginning with the chart below. Check out our latest analysis for Tolu Minerals What Does The Institutional Ownership Tell Us About Tolu Minerals? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Tolu Minerals does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Tolu Minerals' earnings history below. Of course, the future is what really matters. Tolu Minerals is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Gusaba Company Limited with 7.9% of shares outstanding. For context, the second largest shareholder holds about 6.8% of the shares outstanding, followed by an ownership of 5.6% by the third-largest shareholder. Anderson Larry Andagali, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors. Additionally, the company's CEO John Macpherson directly holds 1.5% of the total shares outstanding. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 12 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. Insider Ownership Of Tolu Minerals The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that insiders maintain a significant holding in Tolu Minerals Limited. Insiders have a AU$35m stake in this AU$180m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. General Public Ownership With a 37% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Tolu Minerals. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Private Company Ownership We can see that Private Companies own 31%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. Next Steps: I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Tolu Minerals is showing 3 warning signs in our investment analysis , and 2 of those are concerning... Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

Asian markets turn lower as trade war rally fades
Asian markets turn lower as trade war rally fades

Yahoo

time19 minutes ago

  • Yahoo

Asian markets turn lower as trade war rally fades

Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts. With Japan's trade deal with Washington out of the way for now, attention was also turning to European Union attempts to reach an agreement to pare down Donald Trump's threatened tariffs before next Friday's deadline. Equities have enjoyed a strong run-up for much of July on expectations governments will hammer out pacts, pushing some markets past or close to record highs. However, while Wall Street hit new records Thursday -- S&P 500 chalked up its 10th in 19 sessions -- another round of strong jobs data suggested the Federal Reserve might have to wait longer than hoped to cut borrowing costs. The 217,000 initial claims for unemployment benefits in the week to July 19 was the lowest since mid-April and suggested the labour market remains tight. The figures followed forecast-topping non-farm payrolls in June and come as inflation shows signs of picking up as Trump's tariffs begin to bite. Traders are now betting on 42 basis points of rate cuts by the end of the year, according to Bloomberg News. That's down from more than 50 previously. Meanwhile, a manufacturing survey showed US business confidence deteriorated in July for the second successive month, with companies worried about tariffs and cuts to federal spending. Trump continued to press Fed chief Jerome Powell to slash interest rates during a visit to its headquarters on Thursday, where they bickered over its renovation cost. The president, who wants to oust Powell over his refusal to cut, took a fresh dig during the trip, telling reporters: "As good as we're doing, we'd do better if we had lower interest rates." Trump's anger at the Fed and his calls for officials to lower rates has raised concerns about the independence of the central bank. "While unlikely to yield anything concrete, the optics of a president storming the temple of monetary orthodoxy is enough to put Powell watchers on edge," said SPI Asset Management's Stephen Innes. "The risk isn't immediate policy change -- it's longer-term erosion of independence, and the signal that Powell may not be sitting as comfortably as markets assume." Trade hopes remain elevated, with Brussels and Washington appearing close to a deal that would halve Trump's threatened 30 percent levy, with a European Commission spokesman saying he believed an agreement was "within reach". The bloc, however, is still forging ahead with contingency plans in case talks fail, with member states approving a 93-billion-euro ($109-billion) package of counter-tariffs. With few positive catalysts to drive buying, Asian markets turned lower heading into the weekend. Tokyo dipped after putting on around five percent in the previous two days, while Hong Kong retreated following five days of gains. There were also losses in Shanghai, Sydney, Singapore, Manila and Jakarta. Seoul and Wellington edged up. The dollar extended gains against its peers as investors pared their rate forecasts. - Key figures at around 0230 GMT - Tokyo - Nikkei 225: DOWN 0.6 percent at 41,570.24 (break) Hong Kong - Hang Seng Index: DOWN 0.7 percent at 25,487.95 Shanghai - Composite: DOWN 0.2 percent at 3,597.77 Dollar/yen: UP at 147.40 yen from 146.94 yen on Thursday Euro/dollar: DOWN at $1.1742 from $1.1756 Pound/dollar: DOWN at $1.3498 from $1.3507 Euro/pound: DOWN at 86.99 pence from 87.01 pence West Texas Intermediate: UP 0.6 percent at $66.43 per barrel Brent North Sea Crude: UP 0.6 percent at $69.61 per barrel New York - Dow: DOWN 0.7 percent at 44,693.91 (close) London - FTSE 100: UP 0.9 percent at 9,138.37 (close) dan/amj Sign in to access your portfolio

Jon Stewart Explains Why Trump Is Totally Not Suing Over This 1 Move
Jon Stewart Explains Why Trump Is Totally Not Suing Over This 1 Move

Yahoo

time19 minutes ago

  • Yahoo

Jon Stewart Explains Why Trump Is Totally Not Suing Over This 1 Move

Jon Stewart on Thursday argued that President Donald Trump won't hit billionaire Elon Musk with a lawsuit after the former White House official used his social media platform to declare that the president was in the so-called Jeffrey Epstein files. The 'Daily Show' host, in the latest episode of his 'Weekly Show' podcast, said the two have a relationship similar to the U.S. and China, where they understand that 'mutually assured destruction' is at play. 'I think they know enough about each other,' Stewart said. 'But he's been quiet lately, don't you think?' replied producer Brittany Mehmedovic of Musk. 'No question, I think, but he's still got his lovely social media platform, which is MechaHitler-ing all over people's timelines so it's still a very positive — net positive for humanity,' Stewart replied. Weeks before the Trump administration faced backlash over its handling of the Epstein case, Musk used his public breakup with Trump to drop a 'really big bomb' on X, alleging that the president was named in files tied to the late convicted sex offender. 'That is the real reason they have not been made public,' he wrote in the since-deleted post from June. The post arrived weeks before The Wall Street Journal reported Wednesday that Attorney General Pam Bondi informed Trump in May that his name was featured multiple times in the Epstein files. In recent weeks, Musk has addressed the Epstein fallout on X, calling it a 'cover up' and claiming there was 'only one reason' that House Speaker Mike Johnson (R-La.) shut down upcoming House votes to block a bipartisan effort to vote on the release of the Epstein files. 'I cannot for the life of me think why Trump wouldn't sue Elon for 'Trump is in the Epstein files,'' said Stewart before cracking a smile and adding that the president is 'so clearly all over' the files. Stewart then referred to Trump's threats to canceling government contracts with Musk's companies like SpaceX. ″[Then] they're like, 'Actually, we can't. There's no one else that can launch a satellite — we can't use NASA because we cut their funding to a point where they are a nonfunctioning organization, like we're gutting the very government that would give us options,'' he said. Related... Jon Stewart Hits Trump Right In The 'Penis' With Soaring Defense Of Stephen Colbert White House Seethes Over Shocking 'South Park' Premiere That Brutally Bashes Trump 'South Park' Goes Scorched-Earth On Trump In Shockingly NSFW Season Premiere

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store