Rep. Maloney: “Jobs Numbers Show That New York’s Economy Continues To Recover”

Mar 26, 2010
Press Release
New York, NY – Congresswoman Carolyn B. Maloney (D-NY), Chair of the Joint Economic Committee, issued the following statement regarding the release of February unemployment data for the State of New York by the U.S. Bureau of Labor Statistics. The data showed that while the state’s unemployment did not change from January to February, remaining at 8.8%, non-farm employment increased by 5,800 jobs in New York.

“Today’s state numbers show that New York’s economy continues to recover from the worst recession since the Great Depression. For the second consecutive month, the state’s private sector gained jobs – 8,100 in February,” said Maloney. “And, while the state’s unemployment rate remained the same, New York City’s rate decreased from 10.4% in January to 10.2% in February.”

“However, the fact remains that far too many people in New York City and across our state are still unemployed and looking for work. In February, 2,300 public sector jobs were lost, highlighting the difficult budgetary situations that New York’s state and local governments continue to face. In the weeks and months to come, I am committed to working with my colleagues to examine and reverse this trend. The Recovery Act worked to stabilize our economy, which was on the verge of collapse. Now we need to continue to promote initiatives that spur economic growth and job creation in all sectors of economy across New York and our country.”