Unemployment Rate Hits 25-Year High
Pretty grim. The Times covers it here and its economics blog has this to say: “It’s still too early to call this the worst recession since the Great Depression. But it’s bad, and it’s still getting worse at a rapid rate.” On a more positive note, a Siena College survey just found that New Yorkers’ consumer confidence rose 3 percentage points last month, while the national rate fell 5 points.
Feb 13, 2012 | 10:33 AM