# New York’s stagnant, aging population is killing job growth: report

- URL: https://talkfuse.com/story/new-yorks-stagnant-aging-population-is-killing-job-growth-report/
- Published: 2026-11-09T00:56:30+00:00
- Updated: 2026-11-09T01:26:35+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/08/us-news/new-yorks-stagnant-aging-population-is-killing-job-growth-report/
- Topics: Business, Economy, World

## Key points

- New York’s ageing population may limit job growth.
- Over-65s now make up 19.3% of the state.
- Experts cite housing costs and lower immigration as added constraints.

## Summary

A New York budget report says the state’s ageing population and limited population growth are likely to constrain hiring and business expansion. The findings point to a shrinking supply of younger workers as Baby Boomers leave the workforce, while unemployment is projected to remain stable.

People aged 65 and over now make up 19.3% of New York’s population, compared with 15% a decade ago. The report and business and policy experts also cite reduced immigration and high housing costs, particularly in the New York City region, as barriers to growth. In New York City, kindergarten enrolment has fallen 23% in eight years, while public school enrolment is down nearly 187,000 students since 2013-14; the state projects an average unemployment rate of 4.4% from 2026 to 2028.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.