(Bloomberg) -- New York Mayor Eric Adams likes to boast that since he took office in January 2022, the city has regained all of the 300,000 jobs it lost...
-- New York Mayor Eric Adams likes to boast that since he took office in January 2022, the city has regained all of the 300,000 jobs it lost during the pandemic. Local officials note that the city and its suburbs added more total jobs over the past year than any other metro area in the US.Intel to Sell 49% of Irish Venture to Apollo for $11 BillionVirtually all of the jobs added in the 12 months ended in March were in home health care , a low-paying but rapidly swelling field.
Economists attribute the astronomical growth in New York’s home health care sector to a state policy change made in 2015 that loosened eligibility rules for a Medicaid benefit known as the Consumer Directed Personal Assistance Program, or CDPAP. The program allows people eligible for home health care services to hire family members or close friends to care for them and be paid for their work through state Medicaid funds.
New York state Medicaid spending on CDPAP alone has grown to an estimated $9.1 billion from $2.5 billion in 2019. And the number of people receiving care through the program has surged to 247,538 in 2023 from 19,512 in 2016. The disproportionate growth in home health care shows that “there are still many private-sector economic recovery challenges that New York City needs to face,” said James Parrott, director of economic and fiscal policy at The New School.
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