Latest News about New York State Unemployment Update:New York State Unemployment, New York City is gradually recovering from a deep but surprisingly short recession that ended in November, but its manufacturing industries are not pitching in by adding jobs, economists from the Federal Reserve Bank of New York said Thursday 22 July, 2010.
The economists said it was now clear that the recession in the city that started in May 2008 ended in November 2009, a span of about 18 months. By their definition, the local recession was shorter than the national recession, which began in December 2007 and most likely ended in late summer 2009, though its end has not officially been pinpointed.
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