HOW HIGH WILL IT GO?
"Is the Administration waiting to see how high unemployment will go? These numbers, while not shocking, should serve as a wake-up call to the Administration on the importance of stimulating the economy now. In his State of the Union speech, the President said 'We must have an economy... to employ every man and woman who seeks a job,' yet under his Administration we have lost over 1.7 million jobs, and produced the worst job creation record of any administration in the last 58 years. It's unacceptable," said Congresswoman Carolyn B. Maloney in a statement today.
In December of 2001, there were 489,000 unemployed workers in New York State, and the number jumped to 545,500 in December of 2002, just one year later. In New York City, the total number of unemployed workers in December of 2001 was 247,500 but jumped to 292,100 in December of 2002.