Reported from the nydailynews:
"The jobless rate in New York rose to a 12-year high of 9.5% last month, equaling the nationwide rate for the first time in the recession."
This is no surprise considering that the lost of jobs in the financial sector leads to declines in service jobs from the local bussers to the newspaper vendors down Main St. Lets wait and see what the backend sitmulus will do for this economy.
Source: http://www.nydailynews.com/money/2009/07/17/2009-07-17_jobless_rate_hits_95_here_12yr_city_high_matches_dismal_national_figures.html
Wednesday, July 22, 2009
NYC Unemployment Hits 9.5%
Labels:
Bing,
Google,
Google Groups,
Institution,
Nationwide,
New York City,
Recession,
Unemployed,
Yahoo
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment