Contact: Stephanie Hoo, (212) 669-3747 May 17, 2012
NEW YORK, NY – City Comptroller John C. Liu stated the following in response to questions about new unemployment figures:
“Although today’s labor market report shows a record number of jobs in the city, the unemployment rate remains at an unacceptable 9.5 percent and continues to disproportionately impact minorities and young people. We must find ways to create jobs for the 345,000 unemployed New Yorkers who cannot wait years for the recovery to filter down to them.
“My office has put forth a Capital Acceleration Plan which would create 15,000 jobs and enhance our City’s infrastructure; all the while saving taxpayers money in the long-run. As the City Council and Mayor’s Office negotiate the upcoming budget, we are calling for the inclusion of this plan in order to put New Yorkers back to work as quickly as possible and revive the City’s ailing construction industry.”