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recession
Latest Articles Tagged "recession"
News
NYC’s economy is growing. So why is Mayor Eric Adams bracing for a fiscal crisis?
An array of uncertainties threaten to slow or thwart the ongoing recovery and drive up the city’s budget shortfalls in the coming years.
By
Elizabeth Kim
News
Report: NYC Will End 2020 With 500,000 Fewer Jobs
"Parts of the economy are being hammered out of existence. A lot of restaurants will fold. It's a very uneven economic impact."
By
Sydney Pereira
News
NYC Could Face The Worst Recession Since The 1970s
The city would lose $9.7 billion in tax revenue over fiscal years 2020 and 2021 under a scenario in which NYC loses 475,000 jobs.
By
Sydney Pereira
News
Hundreds Line Up For Days For NYC Union Job Applications
The union job can pay up to $50/hour.
By
Jen Chung
News
Unemployment Rate Drops To 7.7%, From 7.9% In October
This is a four-year low!
By
Jen Chung
News
Citigroup Will Cut 11,000 Jobs (1,700 Of Them In NYC)
44 branches in the U.S. will be closed.
By
Jen Chung
News
Jobless Rate Now 7.8%, First Time Since January 2009
Will this help President Obama's re-election efforts? Jury is still out!
By
Jen Chung
Food
"Businessmen" Spend $16K On Two Bottles Of Wine At 21 Club
Two "businessmen" spent more on two bottles of wine at the 21 Club than the annual income of a couple on the poverty line.
By
Christopher Robbins
News
NYC Unemployment Rate Rises To 10 Percent
The New York State Department of Labor has released the employment data for June, and the news is not specifically too good.
By
John Del Signore
News
Bad May Jobs Report: Only 69,000 Jobs Added, Unemployment Now At 8.2%
"The labor market is clearly deteriorating," said one economist.
By
Jen Chung
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