Monday, Apr 28, 2008
Losing one in five jobs on Wall Street could have dire consequences for the city's economy
the truth seeker: Wall Street may lose 36,000 jobs
Wall Street, the lifeblood of New York City's economy, could lose over 36,000 jobs because the financial credit crisis has rocked markets and stunned the U.S. economy, estimated James Brown, a labor market analyst with New York state's labor department.
"History suggests it's going to be something of that magnitude," Brown told Reuters, noting Wall Street employment peaked at 200,300 in December 2000, nine months before the September 11, 2001 air attacks.
Posted by malct @ 09:05 PM (352 views) Add Comment
1 Comment
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1. Ccamper said...
"the financial credit crisis has rocked markets and stunned the U.S. economy, estimated James Brown, a labor market analyst with New York state's labor department."
Next thing he'll be telling us is that he wants 'a brand new, funky president'.........