Mayor's WINS Address
Hear the Mayor's Message
New York City is going through a remarkable period of job growth. Since 1994, spurred by lower crime, lower taxes, a more stable budget, and improving quality of life, our private sector has created over 300,000 new jobs. At the same time this historic change has been underway, we've become a city with 460,000 fewer people on welfare - 460,000 fewer people dependent on government to take care of them - and moving toward or having arrived at being able to take care of themselves.
This week, we received more good economic news. Between February and March of this year, the unemployment rate in the City of New York plunged from 7.6 percent to 6.4 percent - the lowest level in about 10 years. The number of jobs now being created in the city has just about completely made up for the massive job losses in the early '90s. Today our job growth and our reduction in unemployment is outpacing the United States as a whole, as well as the rest of the State of New York, and the jobs are being created across the economy.
Wall Street has been instrumental in helping to create budget surpluses for the City. But our job gains have been broad-based in a wide range of different neighborhoods and industries. In fact, the biggest drop in unemployment in the entire State of New York took place in Brooklyn, and the second biggest drop in unemployment took place in the Bronx. Many of these jobs are entry level jobs - our restaurant, hotel, entertainment and service industries are all searching, offering significant numbers of entry level jobs.
This helps more and more people throughout the city make the historic transition from welfare to work, from dependency to independence. And it furthers what I hope will be one of my administration's most significant and most lasting contributions to the city - the restoration of the work ethic throughout our city.
I think we all want the same thing for our children. We love them, we want to be there for them when they need us. But we also want them to develop independence, to grow up as individuals who can take care of themselves. We should be progressive enough to offer this sense of independence to all the children, to all the people in our society, whether or not they're part of our own families.
If we give every young person the work ethic at an early age -- hopefully instilled by their parents, but if not, through some other means -- that will allow them to make their way through life taking care of themselves. It will also allow us to take care of the people in society who truly need long-term assistance.
I believe that we're moving in the right direction. Together, we're building a city that treats everyone with enough respect and enough true compassion to imbue the work ethic in them, giving them a gift that will serve them, lift them up, and give them strength throughout their lives. This is Mayor Rudy Giuliani.