Saturday, January 23, 2010

NYC's unemployment higher than country, state

From NYS Dept of Labor:

New York City (five boroughs): Since December 2008, the number of nonfarm jobs has decreased by 75,000, or 2.0 percent, and the number of private sector jobs has decreased by 67,500, or 2.1 percent. The area's unemployment rate was 10.4 percent in December 2009, compared with 9.9 in November and 7.2 in December 2008.


Anonymous said...

according to Barrons magazine state government unemployment is 3.6%.

why are the non-producing bureaucrats being hired,while the private sector employees are with out jobs ? tell us obama,the great B/S artist. New York voters elected an incompetent ,Chicago community poverty pimp.

vote his power down in november.

Babs said...

Public employment is largely though not entirely insulated from the business cycle.

I don't expect ANY decline in joblessness as long as big business continues to manufacture there and sell here. Outsourcing of service jobs to India plus the hiring of people from India with H1B visa cards for once good American engineering jobs is only going to increase. As long as China pegs its currency and protects its exports - as long as businesses bear the burden of American health care – too many Americans will remain out of work.

Anonymous said...

The Protocols of the Elders of NEW YORK!!!

Auntie Invasion said...

are these people being counted?
people who get welfare
people in jails or prisons
People in mental hospitals
people in nursing homes (yes young people are in nursing homes!)

people whose unemployment insurance has run out.

those who have given up looking for work?

throw these categories into the mix and you have closer to 20% unemployment.

with so much unemployment why do we tolerate illegal aliens taking our jobs from us?

Sense Us said...

From the Bureau of Labor Statistics, these people are NOT included in the unemployment report:

Discouraged workers (Current Population Survey)
Persons not in the labor force who want and are available for a job and who have looked for work sometime in the past 12 months (or since the end of their last job if they held one within the past 12 months), but who are not currently looking because they believe there are no jobs available or there are none for which they would qualify.

ew-3 said...

Babs - working in a small startup company I can tell you that I can't have my product manufactured here. I'd be out of business almost instantly.
We have a local contract manufacture that will build our product but they cost 5 to 10x the cost we pay overseas. The only thing I can afford to build here are prototypes.
We could put import tariffs to level the playing field, but all the folks who enjoy buying high tech toys for very few dollars would complain.
If you'd like to pay 5x the current going cost for a GPS, I can arrange to have it built in the US for you,