Another 20,400 jobs went missing in New York City in May, pushing its unemployment rate to 9%, the highest level in more than a decade.
In comparison, the rest of New York is wallowing at 7.7%, while the national jobless rate is 9.4%.
Most shockingly, a year ago Gotham City unemployment was a tiny 4.5%. That's pretty close to what economists call "full employment."
Pink slips in finance are a big part of the problem. New York has lost almost 34,000 finance positions in the past 12 months.
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