In the 1970s, job losses due to industrial restructuring caused New York City to suffer from economic problems and rising crime rates. While a resurgence in the financial industry greatly improved the city's economic health in the 1980s, New York's crime rate continued to increase through that decade and into the beginning of the 1990s. By the mid 1990s, crime rates started to drop dramatically due to revised police strategies, improving economic opportunities, gentrification, and new residents, both American transplants and new immigrants from Asia and Latin America. Important new sectors, such as Silicon Alley, emerged in the city's economy. New York's population reached all-time highs in the 2000 Census and then again in the 2010 Census.
Which decade did massive job losses happen in NYC due to industrial issues?
1970s