hhusted

Job Losses Were Uneven Throughout The Five Boroughs

New figures by the U.S. Bureau of Labor Statistics show job losses greatly affected Manhattan's economy between 2008 to 2009, while the Bronx actually gained jobs in that period.

According to the report, Manhattan saw a total of 2,280,000 jobs lost. This was a loss of 4.7 percent and the highest in the five boroughs.

Jobs in Brooklyn fell 0.5 percent to a total of 480,000. Queens dropped to 497,000 jobs, or a year's loss of 2.8 percent. Staten Island dropped to 93,000 jobs, or a 1.2 percent loss.

One of the big surprises in the study came from the Bronx, where jobs actually increased 1.2 percent, to a total of 232,000.

To read more about it, go here:

http://www.ny1.com/8-queens-news-content/ny1_living/115357/job-losses-spread-unevenly-across-five-boroughs

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uptowngirl Mar 17, 2010

@hhusted no wonder .. the finance sector was badly hit by the downturn and I think many of Manhattan's residents are employed in the Financial service industry. I myself know people who have been out of a job for two-three years.It's terrible to say the least.

hhusted Mar 18, 2010

@Uptowngirl: The problem is when will they get back to work. Wall Street is not hiring right now. And there are no financial companies hiring either. The rest of the country is starting to see some signs of improvement, just not NYC. What is going to happen to this city?

uptowngirl Mar 18, 2010

@hhusted well just this morning I heard from an aunt of mine that a cousin of mine who had lost his job with Citibank last year is now moving back to NYC at a better position at Bank of America. This said cousin had last year sold his apartment in NYC and had moved to Miami to be near his parents. Now this job requires him to come back to NYC and restart his life with his wife and kids here.No mean achievement in a city where school admissions are not very easy in the first place.

hhusted Mar 19, 2010

@Uptowngirl: I'm wondering if he thought twice about it, knowing the condition in the school system. Or does he know about the schools here. He would be better off staying in Florida.

uptowngirl Mar 19, 2010

@hhusted actually my cousin and his wife are actually even considering a commuter marriage if the kids do not get into their schools of choice in NYC. Most people are aware how difficult the situation is both for private as well as public schools here in NYC. Have a look at this article which highlights this. http://www.nytimes.com/2009/03/24/education/24schools.html

JenMac Mar 19, 2010

Ahhhh! But, aren't the schools in Florida just the pits? My cousin is an administrator for a school district in FL and even she says they are beyond hope. Having said that, I don't know if I could raise kids in NYC. It seems so hard and like you're just asking for your kids to become hard before they should.

hhusted Mar 20, 2010

@Everybody: My publisher has her kids home schooled. She has a degree and was given permission by the Maine Board of Education to do it. She teaches all her kids at home and does extremely well.

Uraniumfish Mar 20, 2010

@JenMAc Actually, schools in Florida are excellent, especially in the Ft. Laud and Miami area. Lots of people think it's a good idea to raise a family in the warm Florida sun and as a result, a lot of upper middle class families go there.

hhusted Mar 23, 2010

@Uraniumfish: That is great to hear about schools in Florida. It gives people the incentive to move there since it is a warmer climate, especially for families with kids.