Job Outlook Not Good
A new report from the Fiscal Policy Institute suggests that New York could lose as many as 10,000 jobs per month throughout 2009. As layoffs continue, all eyes are on Obama and his proposed economic stimulus package. The proposal includes a plan to create jobs by rebuilding infrastructure and emphasizing green technologies. The projected influx of cash has been estimated to top out at anywhere from $500 billion to $1 trillion, but what will this mean for people who are losing jobs in industries that have little to do with building roads and windfarms?
New York City Unemployment in 2009: The Emerging Crisis (Fiscal Policy Institute)