Bloomberg Says NYC Economy Is Looking Up
NEW YORK (1010 WINS / WCBS 880) -- Two years after the meltdown on Wall Street, Mayor Michael Bloomberg says New York City is bouncing back.
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"Our unemployment rate is lower than that of the country," Bloomberg said. "It has come down seven months in a row."
The mayor added that 10 percent of all private sector jobs in the country were created in the city. He also had positive news on the local front.
"New York City accounted for virtually all of the increase in jobs in the last year in New York state," Bloomberg said.
Bloomberg stresses this is in sharp contrast to the rest of the nation, where people are petrified of losing their jobs.
He says there are still a lot of New Yorkers without jobs, but, he beams the percentage of growth in the city is staggering.
The city's unemployment rate stands at 9.4 percent; in the rest of the state it is 7.5 perecent -- up slightly from July to August.
