The city's Independent Budget Office say the New York's high unemployment numbers may not exactly be an indicator of bad economic news.
The IBO analyzed employment data from the Bureau of Labor Statistics and found that although the city's unemployment rate was 8.8% in December, the city's labor force grew.
Doug Turetsky, the IBO's chief of staff, said the data didn't include the people who stopped looking for a job but changed their mind once positions opened up.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
