Wednesday, July 22, 2009

NYC Unemployment Hits 9.5%

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.


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