Friday, September 19, 2008


The city’s unemployment rate rose to 5.8 percent from 5 percent in July — the largest monthly increase in more than 30 years — as about 5,200 private-sector jobs were eliminated . . . Many of the layoffs came in the tumbling financial sector, which is one of the city’s biggest employers and the provider of nearly one-fourth of its annual wages and salaries. (New York Times)

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