New York City Unemployment in 2009- The Emerging Crisis

The report that Fiscal policy created focuses on the current economic situations of the New York labor market.In one of the reports the results showed that New York is currently lagging the nation in unemployment. In Febuary 2008 New York reached the low in unemployment. From May to October of 2008 ages 16 -24 years old had the highest rate of unemployment 14.4 percent. For hispinac and blacks the unemployment rate is three times higher than that of non- hispanic.http://www.fiscalpolicy.org/FPI_NYC_EmergingUnemploymentCrisis2009_December2008.pdf