Michael Bloomberg has one viewof NYC's economy. City Comptroller John Liu has another:

According to Liu’s “State of the City’s Economy and Finances” report, New York City gained 74,000 private sector jobs during the first 10 months of 2010, representing 6.6 percent of all private jobs created nationally during the same period. The growth was an about-face from the City’s performance during the past two recessions, during which New York lagged far behind the nation.

Liu says, "We can’t take comfort in the fact that the City is doing slightly better than the nation, when we should be coming up with real solutions to get people back to work, especially in communities of color.”