THOMPSON STATEMENT ON NYS DEPT. OF LABOR ANNOUNCEMENT OF JULY UNEMPLOYMENT RATE
New York City Comptroller William C. Thompson, Jr. issued the following statement regarding the New York State Department of Labor's announcement that New York City's unemployment rate increased to 9.6% for the month of July:
"The increase of the City's unemployment rate to a level not seen in more than a decade shows New Yorkers from all points on the job spectrum continue to suffer the effects of this recession. As a result of this downturn the number of New Yorkers receiving Food Stamps has increased by nearly 250,000 and Medicaid recipients have grown by 150,000.
I am hopeful that as stimulus funds are put to use, New York City will display signs of growth placing us on our way to economic stability."
