New York City’s unemployment rate jumped to 10.3% in August as the number of city residents unable to find work rose to a record high of 415,800. The city’s unemployment rate, up from 9.5% in July, is higher than the national rate of 9.7% and much higher than the 8% reported for the rest of the state—and yet we still have the lowest unemployment benefits in the Northeast. Thanks a lot, Gov. Paterson, who commented that "New York is going to face tough sledding for another year or more, but offered no potential solutions.
Sunday, September 20, 2009
NYC's Record Unemployment
New York City’s unemployment rate jumped to 10.3% in August as the number of city residents unable to find work rose to a record high of 415,800. The city’s unemployment rate, up from 9.5% in July, is higher than the national rate of 9.7% and much higher than the 8% reported for the rest of the state—and yet we still have the lowest unemployment benefits in the Northeast. Thanks a lot, Gov. Paterson, who commented that "New York is going to face tough sledding for another year or more, but offered no potential solutions.
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