From The Whington Post:
In New York City, fewer find they can make it . . . a closer look at this largest of U.S. cities reveals much that's not so hot. New York's unemployment rate jumped in January from 8.0 to 8.4 percent, the worst performance among the nation's top 20 cities. It has lost 230,000 jobs in the last three years. Demand for emergency food has risen 46 percent over the past three years, and 900,000 New Yorkers receive food stamps. Inflation, foreclosures, evictions and personal bankruptcies are rising sharply. Fifty percent of the city's black males no longer are employed."
In the third quarter of 2003, the nation's gross domestic product grew at a rate of 8.4 percent; the comparable rate in New York grew by 0.3 percent.
In New York City, fewer find they can make it . . . a closer look at this largest of U.S. cities reveals much that's not so hot. New York's unemployment rate jumped in January from 8.0 to 8.4 percent, the worst performance among the nation's top 20 cities. It has lost 230,000 jobs in the last three years. Demand for emergency food has risen 46 percent over the past three years, and 900,000 New Yorkers receive food stamps. Inflation, foreclosures, evictions and personal bankruptcies are rising sharply. Fifty percent of the city's black males no longer are employed."
In the third quarter of 2003, the nation's gross domestic product grew at a rate of 8.4 percent; the comparable rate in New York grew by 0.3 percent.
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