New York City’s Job Losses Not As Bad As Expected

Mayor Michael Bloomberg told an audience at a breakfast forum last week that the city had lost 116,000 jobs since the financial crisis struck a year ago. But losses were expected to be closer to 190,000 to 220,000.

The unemployment rate in New York City is 10.2 percent, higher than the national average.

More: New York City Employment Estimates Improve

Publish date: October 27, 2009 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT