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Unemployment Rate Drops to 10 Percent in New York City

By Michael P. Ventura | December 17, 2009 4:19pm | Updated on December 17, 2009 4:18pm

MANHATTAN — Even as economists and government officials are saying that the recession appears to be ending, 10 percent of New Yorkers are still out of work.

That's one in 10 city residents who are without a job, compared to an average unemployment rate of 7.6 percent throughout the rest of the state.

State Comptroller Thomas DiNapoli issued a report on Wednesday stating that the city's budget gap for 2010 will not be as wide as feared, but more jobs may still be lost.

“The impact of the recession on the city’s revenue has not been as severe as earlier forecasts indicated,” DiNapoli said. “But the City may still end up losing more than 200,000 jobs."

The comptroller went on to say that while New York City had done a good job with its finances, the State's budget crisis could continue to trickle down to the city.

Since November 2008, over 95,000 non-farm jobs have been lost in New York City.