Friday, March 27, 2009
HTN: Unemployment Climbing
The unemployment rate in the Buffalo-Niagara region is inching closer to the double digit mark. The jobless rate for February was at nine-point-six percent. That's the highest since the mid-80s. Labor Department officials say nearly eleven-thousand jobs have disappeared over the past year. The losses did not spare any sector of the economy. Banking, retail and hospitality jobs lost 84-hundred jobs in the last year. The nine-point-six-percent unemployment is higher than the state average of eight-point-four-percent.
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