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FOR IMMEDIATE RELEASE
PR- 274-10
June 17, 2010

STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON NEW YORK CITY'S FALLING UNEMPLOYMENT RATE AND GROWING LABOR FORCE

“It’s good news that New York City’s unemployment rate fell again and for the fifth consecutive month. But a more telling development is that our labor force has grown to its largest point since at least 1976, probably the largest point ever. It’s a sign that people from around the state, country and world believe in New York City’s future and are coming here to pursue opportunities. And it’s a sign that our investments – to grow diverse sectors of our economy, expand job training and placement services, and improve New York City’s overall quality of life – are paying off. We know there are still far too many New Yorkers who are without jobs or struggling to make ends meet. But our City is moving in the right direction and will come through this downturn stronger than ever.”







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