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The new jobless numbers from the State Labor Department are not too good, not too good at all. New York City's unemployment rate increased to 9.5 percent in June (the highest level since July 1997), while the rate outside of NYC climbed to 8.2 percent, the highest since June 1983. Last month the number of unemployed state residents jumped to 854,200, the greatest number ever on record. Low-five? And the state's overall unemployment rate soared to 8.7 percent in June, its highest level since October 1992, the same month that Sinéad O'Connor ripped up a photo of Pope John Paul II on Saturday Night Live. It wouldn't really be fair to blame all our problems on Sinéad this time, so let's just ramp up the class warfare and note that today also marked the announcement that JP Morgan's profits were up 36%, with second quarter earnings ballooning to $2.7 billion. Surely some of that largesse will be trickling down any day now!
City's Unemployment Rate Currently Highest Since 1997
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Hudson River lighted boat parade. 6:30pm-8:30pm. Chelsea piers to Brooklyn Bridge and back to Chelse
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IIRC from another Gothamist entry last week, the rate for white people is still less than 4 percent. So party on white people!
[sigh]
Unemployment rates for the last two administrations.
1993 6.908
1994 6.1
1996 5.408
1995 5.592
1997 4.942
1998 4.5
1999 4.217
2000 3.967
Average for Clinton = 5.20
Tried to pass a stimulus package in 1993 but was, fortunately, stopped by Congress.
2001 4.742
2002 5.783
2003 5.992
2004 5.542
2005 5.075
2006 4.617
2007 4.633
2008 5.808
Average for Bush = 5.27
"The worst economy since Hoover" Had an economy sapping terrorist attack and two wars.
Predicted unemployment rates for 2009-2010
2009 8.868
2010 10.109
Passed a stimulus bill. Wasn't stopped by Congress.
Unemployment rate if the Bush Administration and later the Obama Administration had done nothing since Sept 15 2008: 25-30%.
So what you're saying is that Bush Sr. left Clinton with a 6.9% rate, Clinton lowered it to 3.96, and Bush Jr. got it back up to 5.8.
Right?????????
the rates are probably much higher all around. not everyone applies for unemployment and these stats are based on that alone.
thank God I'm stocked up.
got a lawyer who want's to play hardball with me.
I got nothing to lose anymore.