The New York Times: ...the number of unemployed city residents has risen to more than 415,000, the highest total on record. The still-shrinking financial sector, which had been the main engine of employment growth in the city before the downturn, has essentially been declared to be in a state of emergency.
The State Department of Labor has begun using a “national emergency grant” of $11 million in federal funds to help those laid off on Wall Street shift into other fields, like health care and education. Emphasizing the need for such a shift, M. Patricia Smith, the state labor commissioner, said, “Our economists don’t see the financial-services sector ever coming back as strong as it was.”
...[Governor David A. Paterson] said New York faced at least another year of “tough sledding.”
...[Mayor Michael R. Bloomberg] said, “the city is losing jobs at less than half the rate of the rest of the country. This is an important sign that despite the challenges, people continue to be optimistic about the city’s future.”
AP via Dallas Morning News: Texas unemployment hits 22-year high at 8 percent
No comments:
Post a Comment