A new report released Monday by City Comptroller Bill Thompson predicts about 400,000 New Yorkers will be out of work by next year.
It’s the largest number in more than 15 years.
Thompson says by 2010 the unemployment rate will likely be 9.5 percent. He also says African-Americans will be among the groups hardest hit, having already seen the unemployment rate grow four times faster than other ethnic groups.
“The report by the Comptroller’s Office about how blacks or African-Americans have lost jobs at 14.7 percent higher rate than whites in the city is indicative of the racial imbalance in the economic down curve that is happening all over the country,” Sharpton said.
To view Thompson’s complete study, visit comptroller.nyc.gov.
[Editor’s Note: The New York City Comptroller’s report for July 2, 2009, can downloaded as a PDF file here.]