The city’s unemployment rate is at 10.3 percent, its highest level in 16 years, and the unemployment rate statewide reached 9 percent in October, the highest rate since April 1983, the State Labor Department reported yesterday. Making matters worse, the usual holiday hiring bump doesn't seem to be happening; instead, the retail sector shed 1,100 jobs in October. Leisure and hospitality, which usually picks up toward the end of the year, lost jobs last holiday season and is doing slightly worse so far this year. At this point, we'd ask for a stiff drink, but who's left to pour it? Yet there is a silver lining empty lining where some copper wire used to be!
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Results tagged “october”
Holiday Hiring Bump Didn't Happen, Unemployment Still High
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