Same-Sex Marriage Bill REJECTED in New York State Senate
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Guess NY State will be borrowing unemployment funds for a while: New York City's unemployment rate rose to 7.4% in December, up from 6.3% in November. According to Crain's, this is the highest in almost five years and it's over the national unemployment rate, which is 7.2%. The NY State unemployment rate grew from 6% to 7% in December, with the state losing 49,300 jobs last month in December. The NY State Labor Department said, "In just the last three months, the state has lost more than 100,000 private sector jobs, including 49,300 in December 2008. This is the steepest one-month drop since October 2001 in the aftermath of the World Trade Center attacks." Another NYC stat from the NYS Labor Dept.: "Since December 2007, the number of nonfarm jobs has decreased by 53,600, or 1.4 percent, and the number of private sector jobs has decreased by 49,100, or 1.5 percent."
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No N/W trains between Queensboro and Ditmars as of 8:15.
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Big surprise here. NYC is like the epicenter of this depression -oops! We're not supposed to use that word, er, I mean "downturn".
"rose to 7.4% in December, up from 6.3% in December."
That should, of course, be "up from 6.3% in November."
maybe we will one day see JDL looking like the homeless guy he is making fun of in the other post as a result of this downturn.
Wow, Is this why Bloomberg stated we need him. We are better off without him.
Does this figure include the illegal immigrant population?
practically a full percentage point in one month is no joke!
No, but unemployment statistics are so heavily manipulated through fudges like the birth-death model that a month-to-month change is practically meaningless no matter what the variation.